Top Crypto Gainers Today Mar 31 – Maker, Flare, Floki Inu, JasmyCoin
Last week, major cryptocurrencies like Bitcoin and Ethereum experienced significant growth, with Bitcoin’s price increasing by 9.7% and Ethereum gaining 5.1%. Factors contributing to this rally included substantial net inflows into bitcoin ETFs, surpassing $243.4 million. This was particularly highlighted by the ARK 21 Shares Bitcoin ETF registering a remarkable $200.7 million in net inflows.
Also, anticipation for the impending bitcoin halving in early April has heightened market optimism, as historical patterns hint at potential price surges post-event. In parallel, Ethereum also saw notable gains amidst new registration filings for spot Ether ETFs by Fidelity Investments and Bitwise. The prospect of these ETFs expanding investment options for retail traders bolstered market optimism.
Biggest Crypto Gainers Today – Top List
As the cryptocurrency market continues its unpredictable fluctuations, today’s trading volume stands at $230.50 billion, signaling robust activity. Market sentiment remains bullish, with the Fear & Greed Index of 75, indicative of prevailing optimism among investors. Amidst this, 13% of coins are currently experiencing upward momentum, with notable gainers like Cat in a Dogs World posting 39.00% growth over the last 24 hours. However, there are also instances of decline, with Raydium emerging as today’s top loser, recording a 9.22% loss over the same period. In this climate of mixed movement, it becomes imperative to go deeper into the top gainers and scrutinize their unique attributes to guide strategic investment decisions.
1. Maker (MKR)
Maker is the governance token of MakerDAO and the Maker Protocol, pivotal components within the decentralized finance (DeFi) ecosystem on Ethereum. Facilitating the issuance and management of the DAI stablecoin, Maker is integral to maintaining stability and governance within this system.
Uniquely, MKR holders wield significant influence over the evolution of DAI and the Maker Protocol. With voting rights proportional to their MKR stake, holders wield considerable influence over the evolution of DAI and the Maker Protocol. They can shape various protocol parameters, including adding new collateral assets, adjusting risk parameters, and even choosing oracles critical for off-chain data reliability.
Maker has deployed a 100-million DAI Direct Deposit Module to Spark's sUSDe/DAI and USDe/DAI markets on Morpho Blue, enabling overcollateralized scalable liquidity for users interested in increasing their exposure to Ethena’s assets.
Through @sparkdotfi, we collaborated with… pic.twitter.com/AEZlUASGsT
— Maker (@MakerDAO) March 29, 2024
Maker stands as a prominent DeFi entity, ranked 5th by market capitalization. Currently priced at $3,846.67, it has seen a remarkable 457% increase over the past year. Trading well above the 200-day simple moving average at $1,747.94, Maker exhibits signs of bullish momentum. Despite recent volatility, with a 30-day fluctuation of 18%, Maker maintains high liquidity with a volume-to-market cap ratio of 0.0549. These metrics collectively underscore Maker’s robust position within DeFi, offering insights for potential investors.
2. Flare (FLR)
Flare is an innovative blockchain project aiming to bridge the gap between cryptocurrencies with and without smart contract functionality. It offers a solution for assets like XRP, which lack native support for Turing-complete smart contracts. Through Flare Network, holders of such assets can transfer them over and have them represented as FXRP, thus unlocking the potential for decentralized finance applications that were previously inaccessible.
What sets Flare apart is its ability to provide governance participation and contribution avenues to its users through the FLR token. Beyond merely facilitating transactions, FLR holders play an active role in the governance of Flare Network. Moreover, they contribute to the Flare Time Series Oracle (FTSO), a critical component that integrates off-chain data into the network. This not only enhances the network’s functionality but also rewards participants for their contributions, adding an extra layer of incentive for users to engage with the platform.
We've grown to a whopping 482K wallet addresses (that's 60K more since December 2023). ☀️
Time to revisit some lesser-known facts about $FLR…
Did you know? 58.3% of the Genesis Flare supply is allocated to the community.
🔎 https://t.co/XcklBBvOzv pic.twitter.com/obLLLJBxYD— Flare ☀️ (@FlareNetworks) March 30, 2024
For investors keeping a keen eye on Flare, the recent price stands at $0.037132, showcasing a robust 6.17% spike over the last 24 hours. Remarkably, Flare maintains its stability as it trades above the 200-day SMA by 27.49%. Although it experiences moderate volatility at 12%, its liquidity remains impressively high, boasting a volume-to-market cap ratio of 0.0347. Additionally, Flare’s strategic positioning in enabling smart contracts for major cryptocurrencies like Bitcoin and XRP shows its potential for long-term growth.
3. eTukTuk (TUK)
eTukTuk’s initiative extends beyond the introduction of its new $TUK cryptocurrency. It represents a comprehensive approach aimed at making a significant impact in the fight against climate change. The project is dedicated to reducing carbon emissions, addressing CO2-related health issues, and promoting financial inclusion, particularly in developing countries. This multifaceted approach positions eTukTuk as a key player in addressing pressing global challenges.
We've hit a major milestone, raising $2M in our pre-sale!
Thanks to our incredible community for your support.
Rest assured, these funds will fuel our mission for a sustainable future 🚀https://t.co/4kiTWB8U8Z
— eTukTuk (@eTukTukio) March 20, 2024
In recent months, eTukTuk has achieved significant milestones, including the unveiling of prototypes, the publication of the Power Staking Paper, and the establishment of offices in Sri Lanka and Singapore. Furthermore, a strategic partnership with the Capital Maharaja Group, a leading Sri Lankan conglomerate, signifies eTukTuk’s commitment to market expansion and impact. This collaboration highlights the project’s dedication to broadening its reach and maximizing its influence.
The presale’s success, having raised $2,667,293.88 out of the targeted $2,679,353, reflects a strong investor interest and confidence in the project. This achievement, coupled with the current token price of $0.029, indicates a positive momentum as the project approaches its anticipated listing. However, investors must note that there’s a one-day window before the next anticipated price increase. This suggests a potential opportunity for investors to make informed decisions within this timeframe, considering the eTukTuk’s progress and market dynamics.
Visit eTukTuk Presale
4. Floki Inu (FLOKI)
Floki Inu is a cryptocurrency born from the enthusiasm of the Shiba Inu (SHIB) community, drawing inspiration from Elon Musk’s beloved dog, Floki. Designed as the “people’s cryptocurrency,” Floki aims to transcend meme status by integrating utility into its ecosystem. Anchored by four flagship utility projects, including an NFT gaming metaverse named Valhalla and a suite of decentralized finance products under “FlokiFi,” the token seeks to carve its niche in the crypto landscape.
Setting itself apart from other meme coins, Floki endeavors to blend memes with tangible utility. Its long-term vision revolves around establishing an autonomous and decentralized ecosystem characterized by strategic partnerships and the development of various use cases, ranging from NFTs to decentralized finance Features. Central to its ecosystem is Valhalla, envisioned as a play-to-earn gaming metaverse where players can battle, trade, and earn rewards akin to successful games like Axie Infinity.
ICYMI: Floki gears up to introduce regulated digital banking accounts, in line with its ambitious roadmap. With plans for debit cards and staking services, #Floki aims to cement its standing as a significant contender… 👀https://t.co/j8JFtdLwb0
— BSCN (@BSCNews) March 31, 2024
Floki shows impressive growth indicators, with its current price at $0.000248. It experienced a notable 3.46% surge within the last 24 hours and an exceptional 638% increase over the past year. Trading above the 200-day SMA by 816.72%, Floki exhibits stability despite moderate volatility, standing at 30%. Moreover, with a robust liquidity ratio of 0.1884, Floki presents an enticing investment proposition bolstered by its vibrant community and pioneering utility initiatives.
5. JasmyCoin (JASMY)
JasmyCoin represents a crypto venture originating from Tokyo’s Jasmy Corporation, focusing on innovations in the Internet of Things (IoT) niche. Integrating blockchain and IoT technologies aims to empower users to have control over their data. It fosters a secure environment for data exchange within its platform.
Jasmy distinguishes itself by offering a decentralized model that ensures data sovereignty and confidentiality. Through edge computing and IPFS, users retain ownership of their data while granting service providers access to promote their services. This innovative approach not only enhances security and trust but also pioneers a new paradigm in IoT data management.
#Jasmy and #Panasonic Advanced Technology collaboration to develop IoT platform!
Check out the press release article here!https://t.co/dgaSemOx93
Translated versionhttps://t.co/XfpaRSTV6q$Jasmy
— Jasmy-MGT (@JasmyMGT) March 26, 2024
In the latest announcement, JasmyCoin has announced a strategic partnership with tech giant Panasonic. The aim is to develop a Web3-based platform that integrates blockchain technology with IoT. This collaboration seeks to transform data management in IoT while promising enhanced security, data ownership, and interoperability.
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