Top Crypto Gainers Today May 10 – Golem, SushiSwap, GMX, OriginTrail

Bitcoin (BTC) faces the looming threat of breaking below the $61,000 mark on the global market. This precarious situation has emerged as BTC tests familiar trendlines for support, causing a decline in its price. Traders keenly watch the 100-day SMA and the short-term holder’s realised price (STH-RP). Despite recent fluctuations, BTC has yet to breach these critical support levels for an extended period.

Meanwhile, its price fluctuations also impact the network’s fundamentals. The mining difficulty is set to decrease by 5.5%, marking the most significant correction since the 2022 bear market. Currently, at an all-time high of 83.23 trillion, this adjustment shapes miners’ capacity to mine new BTC. 

Amid Bitcoin’s volatility and changes, let us turn our attention to today’s top crypto gainers.

Biggest Crypto Gainers Today – Top List

Every day in the volatile crypto market, two distinct groups emerge: the gainers and the losers. Within the gainers is a notable subset known as the Top Gainers. Meticulously chosen from successful projects, these excel with promising features, innovation, relevant use cases, strong collaborations, and progressive advancements in the crypto industry niche. Today is no exception, as we delve into the remarkable performances of Golem, SushiSwap, GMX, and OriginTrail. These tokens demonstrate promising attributes, pioneering new paths in the industry and offering intriguing investment opportunities.

1. Golem (GLM)

Golem is a decentralised computing platform that facilitates the exchange of computing power for crypto assets. Users can rent out idle computing resources and access them from anywhere, shaping the future of computer technology accessibility. The network operates as a peer-to-peer marketplace where users transact using GLM tokens.

Golem breaks tasks into smaller subtasks, fostering parallel processing across multiple providers. This approach significantly boosts efficiency in tackling complex computations. The platform connects requestors who seek computing resources with providers who profit by offering their computing space and resources. Requests are split into sub-requests and distributed to different nodes for optimal service.

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— Golem Network (@golemproject) May 9, 2024

GLM is essential for paying for computations on the network and drives the marketplace economy. Requestors set bids for tasks, while providers earn GLM by computing tasks for requestors. According to the latest data, GLM’s price has surged by 13.19% in the last 24 hours, with a significant increase of 184% over the past year. Its current trading position is 189.95% higher than its 200-day SMA, which is $ 0.216096.

Also, it maintains high liquidity, with a volume-to-market cap ratio of 0.2503, ensuring trading opportunities. Moreover, 47% of the last month’s trading days were positive, indicating stability. Golem exhibits low volatility, currently at 17%, adding further confidence to investors.

2. SushiSwap (SUSHI)

SushiSwap is an automated market maker (AMM) that offers decentralized exchange services. As a fork of Uniswap, it diversifies the AMM market, catering primarily to DeFi traders seeking to capitalize on token projects and foster liquidity. Its innovative approach eliminates order books, resolving liquidity issues prevalent in traditional decentralized exchanges. It also introduces features absent in its predecessor, like enhanced rewards via its native token, SUSHI.

Operating on a 0.3% transaction fee model, SushiSwap redistributes some of these fees to SUSHI holders, who also enjoy governance rights. This model incentivises participation and empowers users to shape the platform’s growth. With its commitment to user impact and novel features, it emerges as a dynamic player in the DeFi ecosystem, exemplifying the evolution of decentralized exchanges.

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— Sushi.com (@SushiSwap) May 9, 2024

Sushi is priced at $1.152951, showing a 9.70% surge in the last 24 hours and a 28% increase over the past year. Furthermore, it’s trading comfortably above the 200-day SMA, showcasing bullish momentum with a 29.21% margin. With a neutral 14-day RSI at 42.12, recent trading activity paints a picture of a balanced market, with 47% of the last 30 days yielding positive returns. Its liquidity ratio is 0.3911, supported by a market cap of $285.73M and a 24-hour trading volume of $111.74M. These factors collectively reinforce investor confidence in Sushi’s resilience and potential.

3. 99Bitcoins (99BTC)

In today’s market, few projects command investor attention, like 99Bitcoins Token (99BTC) command investor attention. With over $1 million raised in funding and plans for a remarkable Bitcoin airdrop worth $99,999, the project is making waves in the industry.

99BTC introduces a “Learn-to-Earn” concept, where holders are incentivized to expand their crypto knowledge through tutorials and quizzes on the 99Bitcoins platform. This innovative model and staking yielding 1,532% APY positions 99BTC as a crypto education trailblazer.

Within 24 hours, we’ve added another $100K! We’re now sitting at over $1.1 Million raised in our $99BTC #Presale!

Stage 4 is drawing unprecedented attention—let’s keep this momentum going!

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— 99Bitcoins (@99BitcoinsHQ) May 7, 2024

The anticipation surrounding the $99,999 Bitcoin airdrop has ignited a frenzy within the community. With about 7,000 entries flooding in, the giveaway promises to be monumental. The project’s well-thought-out tokenomics structure is also capped at 99 billion tokens. It includes a generous allocation for staking rewards and community incentives, adding to its appeal.

As the presale continues to garner success, the 99Bitcoins Token team sets its sights on ambitious milestones. Plans for listings on significant exchanges signal the project’s intent to enhance accessibility and reach a broader audience of investors. With influencers taking notice and excitement building around its unique offerings, 99BTC is poised to significantly impact crypto.

Visit 99Bitcoins Presale

4. GMX (GMX)

GMX is a decentralized exchange (DEX) specializing in trading perpetual cryptocurrency futures with leverage of up to 50X on popular cryptocurrencies like BTC and ETH. It employs an innovative automated market model (AMM) instead of the traditional order book model. The platform features a native multi-asset pool, GLP, which facilitates trading and generates revenue for liquidity providers.

GMX operates on the Arbitrum and Avalanche blockchains, ensuring security and scalability. Arbitrum leverages Ethereum’s network for consensus and finality. Meanwhile, Avalanche employs a directed acyclic graph (DAG) protocol for decentralized validation. Additionally, GMX contracts undergo regular audits by ABDK Consulting, and the platform maintains an active bug bounty program on Immunefi.

GMX is transitioning to on-chain Governance, and the GMX DAO is now live on Tally:

🔹 https://t.co/2U7HjWvv6r

Please delegate your voting power on Tally before staking or claiming GMX rewards. Stakeholders in the protocol are also invited to nominate themselves as delegates. pic.twitter.com/4YCj5FSe5C

— GMX 🫐 (@GMX_IO) May 9, 2024

The price analysis of GMX reveals several concerning metrics for investors. Despite a surge of 13.55% in the last 24 hours, GMX has experienced a significant 52% decrease in price over the past year. Currently trading 38.41% below the 200-day simple moving average, GMX faces challenges in regaining long-term bullish momentum. Furthermore, the 14-day RSI indicates neutral market sentiment, suggesting a lack of clear direction in the short term. However, amidst these setbacks, there are opportunities for optimism. With high liquidity and a volume-to-market cap ratio of 0.2046, GMX remains a dynamic asset with ample trading potential in the market.

5. OriginTrail (TRAC)

OriginTrail establishes a trusted knowledge infrastructure for AI, ensuring information authenticity and aiding in knowledge and asset discovery. It builds a Verifiable Web for decentralised AI through its Decentralized Knowledge Graph and OriginTrail Parachain. Partnering with prestigious organizations like the British Standards Institution, Walmart, and the EU Commission, OriginTrail solidifies its position in trillion-dollar industries.

The project stands out for several reasons. Firstly, it establishes a trusted knowledge infrastructure for AI, combating misinformation and ensuring authenticity. Secondly, it utilizes the Decentralized Knowledge Graph to organise and discover AI-ready Knowledge Assets efficiently. Thirdly, OriginTrail’s open-source development approach fosters collaboration and innovation. Lastly, its incorporation of the OriginTrail Parachain adds another layer of security and facilitates implementation with leading global enterprises and customers.

How does the evolution of open Internet compare to the fast paced progress of Artificial Intelligence?

Can Truly Open #AI be achieved?

To find out, get #OnTrac(k) live today with the Internet pioneer @RobertMMetcalfe, our own @BranaRakic, & @TriniZone, hosted by @maddopemadic!… pic.twitter.com/dDeyIH1y58

— OriginTrail (@origin_trail) May 9, 2024

TRAC’s current price is $0.910134, marking a 5.88% increase in the last 24 hours. Over the past year, the price has surged by an impressive 223%, indicating strong growth momentum. It is trading well above its 200-day moving average, boasting a margin of 197.64%. Although the 14-day RSI indicates neutral sentiment at 46.82, recent data shows 10 positive days out of the last 30, amounting to 33% positivity. Additionally, with a 30-day volatility of 8%, OriginTrail maintains relatively low price volatility. However, it exhibits low liquidity with a volume-to-market-cap ratio of 0.0082, where the current market cap stands at $369.17M, while the 24-hour trading volume is $3.03M.

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