Top Crypto Gainers Today Apr 12 – Cronos, Conflux, Oasis Network, BitTorrent

With the SEC’s green light on spot bitcoin ETFs, investors now have a direct pathway into bitcoin’s day-to-day fluctuations. This eliminates the complexities of indirect exposure seen in previous funds. Yet, the fate of these innovative funds hangs in the balance, contingent upon their ability to lure in ample shareholder capital.

Meanwhile, in Hong Kong, a groundbreaking decision looms, poised to unleash a torrent of investment from mainland Chinese investors. This move could catapult them into the thrilling domain of Bitcoin through the Southbound Stock Connect program. As anticipation mounts, eager mainland funds set their sights on Hong Kong’s ETF, paving the way for unprecedented accessibility to the burgeoning crypto market.

Biggest Crypto Gainers Today – Top List

As the much-anticipated Bitcoin halving event on April 19th approaches, all eyes are on the cryptocurrency market. The crypto industry anticipates imminent developments as Bitcoin holds steady at $70,848 with a market cap of $1.39 trillion. Amidst this, the total crypto market capitalization stands at $2.64 trillion, reflecting the growing influence of digital assets. As we traverse the market, our attention moves to the most remarkable top gainers. Come along as we delve into their intricacies, revealing the latent investment opportunities within each.

1. Cronos (CRO)

Cronos serves as the native cryptocurrency of Cronos Chain, a decentralized blockchain developed by Crypto.com. It aims to promote global cryptocurrency adoption, empowering users with control over finances and data. The blockchain-primarily fuels the Crypto.com Pay mobile app, facilitating transactions and providing utility to users of Crypto.com’s services. Owners can stake CRO to validate transactions and earn fees while utilizing it to settle transaction fees.

Through Crypto.com Pay, users enjoy up to 20% cashback for merchant payments and up to 10% for gift card purchases and peer-to-peer transfers. Additionally, the Crypto.com App allows users to earn token rewards by staking CRO for select listings. CRO drives Crypto.com’s global cryptocurrency adoption, continuously exploring new use cases to empower users with control over finances, data, and identities.

🎭 Clash of the Memecoins: #NationalPetDay Edition! 🐾
Calling all #CROFam memecoin communities: Who will lead the parade? Deck out your pets in the finest memecoin couture and let’s find out 🐩

🗓️ Style session from 11-18 April:
1️⃣ Theme a real pet with your favorite memecoin… pic.twitter.com/Dd34Sl6KXn

— Cronos (@cronos_chain) April 11, 2024

CRO’s current price of $0.155924 reflects a 5.53% surge over 24 hours, showing remarkable growth with a 130% increase in the last year. It trades above its 200-day moving average of $0.093226, which signals strength at a 68.16% premium. An RSI of 48.53 indicates neutrality and low volatility at 5% but lower liquidity with a volume-to-market cap ratio of 0.0076. Its market cap stands at $4.17B with a 24-hour volume of $31.52M, attracting investors with its dynamic performance.

2. Conflux (CFX)

Conflux is a public layer-1 blockchain intended to bolster decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure. The platform’s innovative Tree-Graph consensus mechanism merges Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms. This ensures scalability and security within the network. Its technical architecture aims to address industry challenges, providing developers and users with a decentralized, secure, and scalable network.

CFX, the platform’s native token, is a fundamental driver of Conflux’s ecosystem, incentivizing user engagement and participation. With its cross-chain protocol, ShuttleFlow, Conflux enables interoperability with various blockchains, including Ethereum and Binance Smart Chain. Developers benefit from access to a comprehensive set of tools and regulatory-compliant conditions. This allows for creating censorship-resistant apps tailored to investor and community demands.

Excited to announce our new strategic partnership with @Conflux_Network!🤝🥂

Redbrick teams up with this cutting-edge Layer 1 blockchain to revolutionize decentralized economies. Their hybrid consensus guarantees rapid, secure, and scalable solutions⚡️

This collaboration… pic.twitter.com/5hMY93X4fM

— Redbrick (@RedbrickLand) April 11, 2024

Despite experiencing a recent 3.89% surge, Conflux faces a -6% price decrease over the past year. However, Conflux indicates underlying strength, trading significantly above its 200-day Simple Moving Average (SMA) at $0.165953. The 14-day Relative Strength Index (RSI) of 53.41 suggests a neutral market sentiment, with 50% of the last 30 days being positive. Bolstered by high liquidity, with a volume-to-market cap ratio of 0.1902, Conflux stands poised for continued growth and development. Its 24-hour volume of $261.37M reflects its potential in the market.

3. Slothana (SLOTH)

Slothana, a meme creation thriving on the Solana blockchain, has skyrocketed to success in its presale campaign, effortlessly surpassing the $10 million mark in weeks. This token embodies simplicity and is portrayed as a lazy critter navigating life on the blockchain. However, with his perpetually hazy red eyes, he harbours little enthusiasm for work. Instead, he eagerly anticipates the moment when his fortunes transition from 420 to a staggering $420 million.

🚀 Exciting news for our lazy sloth community! Our airdrop is being prepped for launch, which means the presale is wrapping up soon. ⏳ With Solana congestion expected to end in the coming days, now’s the time to join the holy Slothana army!🌿💸 #SlothanaAirdrop #PresaleEnding

— Slothana (@SlothanaCoin) April 12, 2024

With sloths becoming a trend in the meme coin market, Slothana is poised to capitalize on this momentum. Its presale operates without a hard cap target, similar to previous Solana sensations like Book of Meme and $SLERF, offering a single-tiered pricing system for investors to participate.

Interested buyers can join the presale by sending Solana tokens directly to the project wallet or using the over-the-counter widget on the Slothana website. Buyers will receive 10,000 $SLOTH tokens as an airdrop for every SOL token sent upon completion of the ICO. With the level of success reached within two weeks, anticipation grows for Slothana’s exchange launch. As the ICO approaches its final days, it fuels traders’ excitement and FOMO.

Visit Slothana Presale

4. Oasis Network (ROSE)

Oasis Network represents a pioneering layer-1 blockchain network, distinguished by its commitment to privacy and scalability. Designed to power a wide array of Web3 applications, including DeFi, GameFi, and NFTs, Oasis combines high throughput and minimal gas fees. This lays the groundwork for a next-generation blockchain ecosystem. Backed by a $235 million Ecosystem Fund and supported by industry leaders like Meta and BMW Group, Oasis positions itself as a leading force in advancing decentralized technologies.

The uniqueness of the Oasis Network lies in its innovative architecture, comprising two distinct layers – the Consensus and ParaTime Layers. This setup enables concurrent transaction processing and effectively mitigates network congestion. Through decentralized ParaTimes, users can access customizable solutions, enhancing adaptability across diverse use cases. By prioritizing user privacy and data control, Oasis sets itself apart as a platform that fosters individual empowerment within the blockchain.

We’re pioneering a decentralized, privacy-enabled internet for everyone

Stay tuned for big updates alongside the reveal of our brand refresh!

✨ April 12th, 2024 at #ETHDam ✨ pic.twitter.com/b94xB73Mhv

— Oasis (@OasisProtocol) April 10, 2024

In assessing its market performance, ROSE demonstrates promising indicators for potential investors. With a notable 109% increase in price over the past year, it maintains a robust position, trading 121.56% above the 200-day Simple Moving Average (SMA). The 14-day Relative Strength Index (RSI) stands at a neutral 52.68, suggesting stability in market sentiment. Furthermore, it boasts high liquidity, reflected in a volume-to-market cap ratio of 0.0735, combined with an $860.92M market cap and a $63.27M 24-hour volume. These metrics show potential for continued growth coupled with a 2.20% surge in price observed in the last 24 hours.

5. BitTorrent (BTT)

BitTorrent is a pioneering distributed communication protocol crafted by BitTorrent Inc., facilitating file exchange among untrusted parties. Blockchain integration seeks to remedy the protocol’s limitations. It introduces BTT, a cryptographic token, and an extended BitTorrent protocol, fostering a token-based economy for networking and storage usage. As a peer-to-peer protocol, BitTorrent enables reliable, simultaneous distribution of large files, eliminating the need for centralized servers.

BitTorrent Inc., the protocol’s creator, oversees popular BitTorrent clients like BitTorrent and µTorrent (“uTorrent”). Additionally, independent infrastructure providers offer supplementary services, including trackers and torrent sites. BTT is a versatile mechanism for transacting computing resources within the BitTorrent ecosystem, facilitating transactions, and enabling granular pricing. Deploying an “on-chain/off-chain exchange,” BitTorrent Inc. ensures seamless token transfer between a private ledger and the public TRON blockchain.

Developed by the BTFS team, BTFS Dashboard is designed to enable users to check the nodes’ status and data. It comprises six modules, namely DASHBOARD, CHECKS, ONLINE PROOF, PEERS, FILES, and SETTINGS.

In the DASHBOARD module, users get quick access to essential details about… pic.twitter.com/ft9MPDZeIh

— BitTorrent (@BitTorrent) April 10, 2024

From recent market analysis, BTT shows resilience with its price at $0.0₅1592, up by 5.80% in 24 hours. Despite a 0.06% market dominance, BTT has surged 159% over the past year, trading 68.77% above the 200-day SMA. The 14-day RSI of 32.27 suggests neutral sentiment, with 57% positive days in the last 30. Volatility remains low at 7%, with high liquidity evidenced by a 0.0335 volume to market cap ratio, standing at $1.53B market cap and $51.35M 24-hour volume. It has promising indicators suggesting potential for continued growth and investment opportunities in the project.

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