Cryptocurrency market experienced significant recovery yesterday, with almost all tokens in the top 100 by market cap seeing an increase. According to CoinGlass, despite this upward trend, there were significant liquidations totaling over $87 million in the past 24 hours, mainly driven by $56 million in short positions. Bitcoin (BTC) increased by 2.45% to reach $61,983, while Ethereum (ETH) rose by 1.88% to trade at $3,403.
These gains led to a substantial amount of liquidations, including approximately $30.9 million in long positions, highlighting the market’s volatility. This recovery comes after a recent downturn, with Bitcoin hitting a low of $59,780 on Monday. Analysts are now monitoring the activity of “accumulation whales,” large investors who may take advantage of lower prices to accumulate a significant amount of cryptocurrency assets.
Today’s biggest cryptocurrency gainers – rankings
Today’s cryptocurrency market is a mosaic of investor sentiment and market trends. The Fear and Greed Index is at 46, indicating cautious investor sentiment and a fragile cryptocurrency market. However, despite this, 62% of cryptocurrencies have surged in value in the past 24 hours, showing some resilience and bullish momentum.
From centrifuge with its innovative DeFi solutions achieving a strong growth of 15.21%, to AIOZ Network with its cutting-edge Web3 infrastructure achieving an impressive growth of 13.54%. Telcoin also steadily grew by 6.22%, while JUST in TRON’s DeFi ecosystem grew by 4.37%. These top gainers demonstrate a vibrant market response to technological advancements and optimistic investor sentiment.
1. Centrifuge (CFG)
Centrifuge is a decentralized asset financing protocol that connects decentralized finance (DeFi) with real-world assets (RWA). It aims to lower the cost of capital for small and medium-sized enterprises and provide stable income for investors. By tokenizing real-world assets as collateral, Centrifuge is able to access DeFi liquidity through Tinlake, a decentralized lending protocol. It leverages Polkadot for efficiency and cost-effectiveness, integrates with Ethereum for optimized liquidity pathways, and supports asset utilization in decentralized ecosystems.
Security of the network relies on Polkadot relay chain and nominated proof-of-stake (NPoS) mechanism. This selects collators to handle and securely store network data, ensuring high security and resilience against censorship.
Centrifuge’s native token CFG provides liquidity, rewards investors, and facilitates the conversion of RWA to NFT through Tinlake. Additionally, the token is crucial for transaction fees and incentivizing network participation.
With the rising sentiment of tokenization, the RWA index is a good way for investors to gain exposure to such assets. There’s no better combination than @indexcoop and @_Fortunbai. We are excited to be a part of it! https://t.co/YNRtANZSCd – Centrifuge (@Centrifuge) June 19, 2024
CFG currently has a market value of $0.553651, rising by 15.21% in the past 24 hours. Despite this surge, the token has low liquidity, with a trading volume to market value ratio of 0.0047. The 14-day RSI is 55.18, indicating neutral conditions, with 10 green days in the past 30 days, accounting for 33% of this month.
The token has low price volatility over the past 30 days at 16%, and its trading price is 42.09% higher than its 200-day price of $0.38884. In the past year, the token’s price has doubled, growing by 100%, surpassing 61% of the top 100 crypto assets.
2. AIOZ Network (AIOZ)
AIOZ Network is a comprehensive infrastructure solution for Web3 storage, decentralized AI computing, live streaming, and video-on-demand (VOD). It leverages blockchain technology and peer-to-peer (P2P) networks to provide efficient, scalable, and decentralized services.
The platform aims to meet the growing demand for reliable and secure digital content delivery, which traditional infrastructure struggles to fulfill. By utilizing the AIOZ edge node network, the platform ensures secure content delivery and incentivizes participants with the $AIOZ token.
AIOZ blockchain combines the robustness of Cosmos with compatibility with the Ethereum Virtual Machine (EVM). It utilizes the Tendermint core and delegated Byzantine Fault Tolerance (dBFT) consensus mechanism to provide high transaction throughput, speed, and scalability at minimal costs. This multi-chain structure seamlessly integrates with other EVM and Cosmos-based chains, enabling the flow of assets and data between different blockchain ecosystems.
AIOZ is currently at $0.494788, rising by 13.54% in the past 24 hours. It has moderate liquidity, indicated by a volume to market value ratio of 0.0168. The 14-day RSI is 48.22, suggesting a neutral position and potential sideways trading. In the past 30 days, the token has had 8 green days (27%), indicating a challenging period.
However, it has low price volatility over the past 30 days at 18%, suggesting reduced price fluctuations. Impressively, the trading price of AIOZ Network is 1079.34% higher than its 200-day price of $0.041955. Additionally, in the past year, the token has surged by 3416%, surpassing 97% of the top 100 crypto assets by market cap.
3. WienerAI (WAI)
WienerAI’s presale exceeded $6 million, reaching a significant milestone. This achievement solidifies its position as a leading AI-driven meme coin in the cryptocurrency market. The project combines advanced technology and the whimsical sausage dog mascot, simplifying cryptocurrency trading. At its core is an AI-driven trading bot that can navigate the complexity of the market, providing optimized opportunities and insightful analysis.
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