Reserve

IOTA

Algorand

Reserve Rights

<div class="insidebitcoins">
 Hong Kong gears up for cryptocurrency Exchange-Traded Funds (ETFs), following the US trend. Moreover, Chinese asset managers prep spot-Bitcoin and Ether ETFs by April-end, echoing Hong Kong’s bid for a regulated digital assets hub. The success of this endeavour hinges on gauging demand from Chinese wealth and active Asia-Pacific crypto exchanges.
 However, the city faces US competition from giants like BlackRock and Fidelity. Despite initial approval, Hong Kong lacks its kind of recognition. Differences in redemption mechanisms may sway investor sentiment. Yet, ETFs offer efficiency and arbitrage opportunities, appealing to crypto natives and market makers.
 <h2 id="b-biggest-crypto-gainers-today-top-list-b">Biggest Crypto Gainers Today – Top List</h2>
 In the past 24 hours, the crypto market recorded a trading volume of $428.30B. The prevailing sentiment, marked by a Fear &amp; Greed Index reading of 72 (Greed), leans towards bullish optimism. 56% of cryptocurrencies have seen gains, with Hedera Hashgraph leading the charge with an impressive 58.06% surge. Meanwhile, Akash Network lags with a substantial -18.43% decline. Join us as we look into the achievements of today’s top crypto gainers: Hedera, Algorand, IOTA, and Reserve Rights.
 <h3 id="b-1-b-b-hedera-hbar-b">1. Hedera (HBAR)</h3>
 Hedera is a sustainable public network designed for decentralized applications (DApps). It offers solutions to limitations faced by older blockchain platforms. It was funded through an ICO in August 2018 and launched its mainnet in September 2019, offering its native utility token (HBAR) to investors. HBAR fuels Hedera services like smart contracts, file storage, and transactions while securing the network through staking. Hedera utilizes a unique consensus algorithm called hashgraph, enhancing speed, efficiency, and security compared to traditional blockchains.
 <img decoding="async" class="aligncenter size-full wp-image-511513" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20869%20160'%3E%3C/svg%3E" alt="HBAR Price Chart" width="869" height="160" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/04/24/a844799a3a8f8391e70058d50f68ded7.webp 869w, https://cdn.thebittimes.com/images/2024/04/24/a844799a3a8f8391e70058d50f68ded7.webp 300w, https://cdn.thebittimes.com/images/2024/04/24/a844799a3a8f8391e70058d50f68ded7.webp 768w" data-lazy-sizes="(max-width: 869px) 100vw, 869px" data-lazy-src="https://cdn.thebittimes.com/images/2024/04/24/a844799a3a8f8391e70058d50f68ded7.webp">
 <noscript><img decoding="async" class="aligncenter size-full wp-image-511513" src="https://cdn.thebittimes.com/images/2024/04/24/a844799a3a8f8391e70058d50f68ded7.webp" alt="HBAR Price Chart" width="869" height="160" srcset="https://cdn.thebittimes.com/images/2024/04/24/a844799a3a8f8391e70058d50f68ded7.webp 869w, https://cdn.thebittimes.com/images/2024/04/24/a844799a3a8f8391e70058d50f68ded7.webp 300w, https://cdn.thebittimes.com/images/2024/04/24/a844799a3a8f8391e70058d50f68ded7.webp 768w" sizes="(max-width: 869px) 100vw, 869px">
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 In recent news, Archax tokenized the BlackRock ICS US Treasury money market fund (MMF) on the Hedera (HBAR) blockchain. This collaboration with the HBAR Foundation and Ownera marks a pivotal shift in the real-world assets (RWAs) industry. It follows abrdn’s successful tokenization of its MMFs on Hedera last year, a milestone for asset management. The move is a major boost for RWAs, offering investors stability and yield. Tokenized MMFs allow instant transfer and collateral deployment, revolutionizing traditional investment methods.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Today we witness #RWA history as @BlackRock’s ICS US Treasury money market fund (MMF) is tokenized on @Hedera with @ArchaxEx and @OwneraIO, marking a major milestone in asset management by bringing the world’s largest asset manager on-chain 🏦 pic.twitter.com/1Kye8cjAJx
 — HBAR Foundation (@HBAR_foundation) April 23, 2024
 </blockquote>
 
 Considering these developments, HBAR’s price growth is noteworthy. The token surged by 61.76% in the last 24 hours, reflecting growing investor interest. Trading 83.74% above the 200-day SMA at $0.144312, HBAR demonstrates stability and bullish momentum. It presents a balanced investment opportunity with a neutral 14-day RSI of 50.71 and moderate volatility at 13%. High liquidity, indicated by a volume-to-market cap ratio of 0.8427, also underscores its attractiveness to traders and investors.
 <h3 id="b-2-b-b-algorand-algo-b">2. Algorand (ALGO)</h3>
 Algorand is a cryptocurrency founded in 2019 by Silvio Micali, a renowned computer science professor at MIT. It operates on a proof-of-stake consensus mechanism, allowing anyone to participate in the network’s consensus process. ALGO boasts fast transactions with immediate finality and supports custom assets and smart contracts.
 &nbsp;
 In addition to simple peer-to-peer value transfers like Bitcoin, Algorand enables users to create custom assets known as Algorand Standard Assets (ASAs). These tokens open up possibilities for tokenizing real-world assets or issuing tokenized securities. The protocol also supports smart contracts written in TEAL, enhancing efficiency and facilitating atomic swaps for simultaneous asset transfers between parties.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Congrats on mainnet! https://t.co/UUV6zHzPKQ
 — Algorand Foundation 🐍 (@AlgoFoundation) April 24, 2024
 </blockquote>
 
 ALGO’s recent surge of 26.56% in the last 24 hours reflects growing investor interest. Trading 31.15% above the 200-day SMA, ALGO demonstrates upward momentum. While the 14-day RSI indicates neutrality, its 30-day volatility remains moderate at 16%, offering a balanced investment opportunity. High liquidity, with a volume-to-market cap ratio of 0.7350, further enhances ALGO’s appeal to traders and investors alike. Investors are drawn to its potential for facilitating various financial applications and transactions.
 <h3 id="b-3-b-b-99bitcoins-99btc-b">3. 99Bitcoins ($99BTC)</h3>
 99Bitcoins has launched its native cryptocurrency, the 99Bitcoins token (99BTC), raising over $700k in its presale so far. This token is central to the Learn-to-Earn platform, incentivizing users to engage in cryptocurrency education. With a multi-stage structure, the price of 99BTC rises with each funding milestone achieved. This dynamic drives investor interest and encourages project development participation.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Advance through the #99Bitcoins curriculum and engage with our community to earn tokens directly into your #Ethereum wallet.
 Redeem $99BTC tokens for exclusive content, discounts on partner products, and access to special events. 🔥
 Learn more! 👉 https://t.co/NXD7DAamqr pic.twitter.com/a8XRD5VIYu
 — 99Bitcoins (@99BitcoinsHQ) April 23, 2024
 </blockquote>
 
 Additionally, 99Bitcoins plans to enhance Learn-to-Earn with gamification, sparking excitement and fostering friendly user competition. Its tokenomics allocate tokens for presale, staking rewards, and critical project facets. Moreover, ongoing airdrops encourage participation, while exclusive perks for presale participants increase engagement and inclusivity. This highlights the project’s dedication to spurring growth and community involvement in the cryptocurrency market.
 
 <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/G2trqq3KNYE" data-id="G2trqq3KNYE" data-query="feature=oembed" data-alt="New 10x Potential Crypto Presale 99Bitcoins - Flip $1k into $10k?!"></div>
 <noscript><iframe title="New 10x Potential Crypto Presale 99Bitcoins - Flip $1k into $10k?!" width="640" height="360" src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/G2trqq3KNYE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
 </noscript>
 
 In the ongoing third stage of the presale, investors have the flexibility to purchase tokens using various cryptocurrencies like ETH, USDT, and BNB. They can also utilize fiat currencies via debit or credit card, providing multiple avenues for participation in the token sale. Investors can acquire 99BTC at a discounted price of $0.00102, with rates scheduled to rise gradually. The presale is capped at $10.3 million, motivating investors to secure discounted tokens before subsequent phases.
 Visit 99Bitcoins Presale
 <h3 id="b-4-b-b-iota-iota-b">4. IOTA (IOTA)</h3>
 IOTA is a distributed ledger technology (DLT) utilizing the Tangle, a unique DAG architecture, facilitating decentralized data and value exchange. It enables trustless transactions and smart contracts, fostering Web3 development and tokenizing real-world assets (RWAs). Its innovative design ensures scalability and security while eliminating transaction fees and enhancing efficiency and accessibility.
 <img decoding="async" class="aligncenter size-full wp-image-511515" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20602%20216'%3E%3C/svg%3E" alt="IOTA Price Chart" width="602" height="216" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/04/24/2cdc883002fd73ef0af63415acbf827b.webp 602w, https://cdn.thebittimes.com/images/2024/04/24/2cdc883002fd73ef0af63415acbf827b.webp 300w" data-lazy-sizes="(max-width: 602px) 100vw, 602px" data-lazy-src="https://cdn.thebittimes.com/images/2024/04/24/2cdc883002fd73ef0af63415acbf827b.webp">
 <noscript><img decoding="async" class="aligncenter size-full wp-image-511515" src="https://cdn.thebittimes.com/images/2024/04/24/2cdc883002fd73ef0af63415acbf827b.webp" alt="IOTA Price Chart" width="602" height="216" srcset="https://cdn.thebittimes.com/images/2024/04/24/2cdc883002fd73ef0af63415acbf827b.webp 602w, https://cdn.thebittimes.com/images/2024/04/24/2cdc883002fd73ef0af63415acbf827b.webp 300w" sizes="(max-width: 602px) 100vw, 602px">
 </noscript>
 IOTA recently partnered with Tenity to create the IOTA Accelerator in Singapore. This 12-week initiative aims to empower startups within the IOTA ecosystem. Focused on real-world asset (RWA) tokenization signifies a crucial move towards sustainable innovation. This collaboration aims to tap into the vibrant talent and ideas of the Asia-Pacific region, creating lasting value globally. Participating startups can access a $50,000 grant, mentorship, and a vast network of investors and partners.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 1/5 Calling early-stage #Web3 startups to join the #IOTA APAC Accelerator Program!
 Developed with @Tenity_global, it's your ticket to shape the future of decentralized finance while scaling your startup with a $50,000 grant 💪
 Here's what you need to know 👇 pic.twitter.com/yllh0hywl7
 — IOTA (@iota) April 23, 2024
 </blockquote>
 
 IOTA’s performance metrics reflect its steady growth, with a current price of $0.260769 and a 5.62% surge in the last 24 hours. Trading 35.49% above its 200-day SMA, it maintains moderate volatility at 16%. Despite this, its 0.03% market dominance and high liquidity, with a volume-to-market cap ratio of 0.0519, showcase investor confidence. The 14-day RSI at 56.08 indicates a neutral market. Its positive trend over the last year, with a 31% price increase, signifies sustained momentum.
 <h3 id="b-5-reserve-rights-rsr-b">5. Reserve Rights (RSR)</h3>
 Reserve Rights is an ERC-20 token integral to the Reserve Protocol, facilitating stablecoin over-collateralization and governance. It serves as the governance token for Reserve stablecoins, enabling RSR holders to propose and vote on changes to their configuration. Moreover, RSR is a safeguard, ensuring RToken holders are compensated in case of collateral default.
 <img decoding="async" class="aligncenter size-full wp-image-511517" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20602%20210'%3E%3C/svg%3E" alt="RSR Price Chart" width="602" height="210" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/04/24/fdd0929002170bddef6b25ee6a47b0a2.webp 602w, https://cdn.thebittimes.com/images/2024/04/24/fdd0929002170bddef6b25ee6a47b0a2.webp 300w" data-lazy-sizes="(max-width: 602px) 100vw, 602px" data-lazy-src="https://cdn.thebittimes.com/images/2024/04/24/fdd0929002170bddef6b25ee6a47b0a2.webp">
 <noscript><img decoding="async" class="aligncenter size-full wp-image-511517" src="https://cdn.thebittimes.com/images/2024/04/24/fdd0929002170bddef6b25ee6a47b0a2.webp" alt="RSR Price Chart" width="602" height="210" srcset="https://cdn.thebittimes.com/images/2024/04/24/fdd0929002170bddef6b25ee6a47b0a2.webp 602w, https://cdn.thebittimes.com/images/2024/04/24/fdd0929002170bddef6b25ee6a47b0a2.webp 300w" sizes="(max-width: 602px) 100vw, 602px">
 </noscript>
 In contrast to typical stablecoins backed by fiat currencies, Reserve stablecoins are collateralized by a basket of cryptocurrencies managed by smart contracts. This innovative approach allows for diverse backing assets, including other stablecoins and DeFi-yield-bearing assets. Additionally, RSR stakers can earn rewards based on the performance of the RToken they choose to support, fostering a sustainable staking model.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Bridging the gap between DeFi and institutional capital allocators one collaboration at a time 🤝
 Let’s do this, @TheTieIO #InnovateAustin https://t.co/cBpUtJtbLs
 — Reserve (@reserveprotocol) April 23, 2024
 </blockquote>
 
 RSR’s recent 5.87% surge in price showcases its resilience, augmented by an impressive 85% increase over the past year. Trading significantly above its 200-day SMA by 175.54%, RSR illustrates robust bullish momentum and investor confidence. The RSI of 45.56 hints at a sideways trend, yet 12 green days in the last 30 (40%) reveal underlying strength. With a high liquidity ratio of 0.1556, RSR boasts robust trading activity, evident from a 24-hour volume of $55.37M. This liquidity and its enticing market cap of $355.85M show RSR’s appeal to investors.
 <h2 id="b-read-more-b">Read More</h2>
 <ul>
 <li style="font-weight: 400">Biggest Crypto Gainers</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-crypto-gainers-today-apr-24-hedera-algorand-iota-reserve-rights-tbt86369.html">https://thebittimes.com/top-crypto-gainers-today-apr-24-hedera-algorand-iota-reserve-rights-tbt86369.html</a>
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Top Crypto Gainers Today Apr 24 – Hedera, Algorand, IOTA, Reserve Rights

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