Ethereum

Dice

Fantom

Chainlink

On Wednesday, the crypto market’s capitalization surged 5.5% after U.S. inflation and retail sales data were released. Bitcoin’s (BTC) price jumped 7.5% to $66,190, outperforming <a href="https://finance.yahoo.com/news/ethereum-struggles-keep-pace-crypto-074000916.html" rel="noopener noreferrer nofollow">Ethereum (ETH)</a>, which gained 5% but struggled to break the $3,000 resistance level. The rally was driven by a 3.4% year-over-year rise in the consumer price index, aligning with expectations and stable retail sales data.
Analysts believe Ethereum’s struggles relate to the SEC’s pending decision on VanEck’s spot Ethereum ETF application. Traders are hesitant to invest heavily until the outcome on May 23. This skepticism is reflected in Ether derivatives markets, with a 9% futures premium. The demand for balanced options indicates uncertainty about Ethereum’s price direction.
<h2 id="b-biggest-crypto-gainers-today-top-list-b">Biggest Crypto Gainers Today – Top List</h2>
Today’s market dynamics reflect a blend of enthusiasm and caution. With a total trading volume surpassing $345.70 billion in the last 24 hours, sentiments remain notably bullish. This is indicated by the crypto Fear &amp; Greed Index registering a reading of 74, firmly in the “Greed” territory.&nbsp;
However, this optimism is tempered by the fact that while 27% of cryptocurrencies have seen gains, a significant 73% have experienced losses. Chainlink leads as the day’s champion, boasting a remarkable 13.02% gain, while Stacks struggles with a challenging -11.67% loss. Today, we’ll dig into the fascinating <a href="https://insidebitcoins.com/news/top-crypto-gainers-today-may-16-raydium-jito-sei-chromia" rel="noopener noreferrer nofollow">top gainers</a> in the market, such as Chainlink, Sui Crypto, Conflux, and Fantom.
<h3 id="b-1-b-b-chainlink-link-b">1. Chainlink (LINK)</h3>
Chainlink enables smart contracts to access off-chain data securely. A decentralized oracle network connects blockchains with external data feeds, events, and payment methods. Chainlink’s community includes data providers, node operators, and developers. It integrates off-chain data, attracting partners like Brave New Coin, Alpha Vantage, and Huobi. Users can run nodes and earn revenue by supporting DeFi applications like Synthetix, Aave, and Compound.
<img decoding="async" class="aligncenter size-full wp-image-522564" src="https://insidebitcoins.com/wp-content/uploads/2024/05/LINK-Price-Chart.png" alt="LINK Price Chart" width="618" height="215" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/LINK-Price-Chart.png 618w, https://insidebitcoins.com/wp-content/uploads/2024/05/LINK-Price-Chart-300x104.png 300w" sizes="(max-width: 618px) 100vw, 618px">
There have been some impressive developments in the Chainlink ecosystem. It has completed a pilot with JPMorgan, Templeton, and BNY Mellon. The Smart NAV pilot tested fund data dissemination on blockchains. This supports future exploration of tokenization in finance. The pilot showed that structured on-chain data could enable various use cases, such as tokenized funds and brokerage portfolios. Also, it could streamline operational processes across the industry.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Today, DTCC announced its Smart NAV industry pilot with Chainlink and 10 major market participants.<a href="https://t.co/Fcc6cQ7YVP" rel="noopener noreferrer nofollow">https://t.co/Fcc6cQ7YVP</a>
 — Chainlink (@chainlink) <a href="https://twitter.com/chainlink/status/1791247528224080158?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 16, 2024</a>
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LINK has been making significant strides with its current price at $15.60, marking a remarkable 12.43% surge in just the past 24 hours. Over the past year, its price has increased by 130%, trading 2.64% above its 200-day SMA of $15.15. LINK’s 30-day volatility is relatively low at 5%, and the 14-day RSI of 39.22 shows it is currently neutral. The past 30 days have seen 17 green days, or 57%, hinting at growing investor confidence. It enjoys high liquidity, reflected in its volume-to-market cap ratio of 0.1596. This combination of growth and stability makes LINK a noteworthy player in the crypto market.
<h3 id="b-2-b-b-sui-crypto-sui-b">2. Sui Crypto (SUI)</h3>
Sui Crypto is a layer-1 blockchain platform designed for global adoption. It offers a secure, powerful, and scalable development platform. Sui uses an object-centric data model and the Move programming language to improve existing blockchain architectures. It prioritizes user experience through innovations like zkLogin, sponsored transactions, and programmable transaction blocks.
Its architecture supports low-latency transactions with stable fees, high throughput, and parallelized execution. Developers can leverage powerful tools to create the next generation of Web3 applications. Sui’s object-oriented design lets developers create custom object types, ensuring network compatibility and composability. This design enables parallel execution and allows some transactions to bypass consensus, completing in under half a second.
<img decoding="async" class="aligncenter size-full wp-image-522580" src="https://insidebitcoins.com/wp-content/uploads/2024/05/SUI-Price-Chart-1.png" alt="SUI Price Chart " width="618" height="215" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/SUI-Price-Chart-1.png 618w, https://insidebitcoins.com/wp-content/uploads/2024/05/SUI-Price-Chart-1-300x104.png 300w" sizes="(max-width: 618px) 100vw, 618px">
SUI’s current price is $1.020879, with a 4.22% increase in the last 24 hours. Despite a 15% price decrease over the past year, it is trading 74.98% above its 200-day SMA of $0.583722. Also, the 14-day RSI is 48.87, indicating a neutral market sentiment.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Digital identity verification leader <a href="https://twitter.com/NetkiCorp?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@NetkiCorp</a> is coming to Sui – helping to make decentralized financial systems safer and more accessible globally.<a href="https://t.co/IB8cfGZ07j" rel="noopener noreferrer nofollow">https://t.co/IB8cfGZ07j</a> <a href="https://t.co/aAAHqEuiWU" rel="noopener noreferrer nofollow">pic.twitter.com/aAAHqEuiWU</a>
 — Sui (@SuiNetwork) <a href="https://twitter.com/SuiNetwork/status/1791126241497485322?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 16, 2024</a>
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It has had 12 positive trading days in the last 30, with 30-day volatility at 11%. The high liquidity is evidenced by a 0.2262 volume-to-market cap ratio, with a market cap of $2.39 billion and a 24-hour volume of $540.55 million. SUI’s technical strengths and stable growth make it a promising investment for both short-term and long-term investors.
<h3 id="b-3-b-b-mega-dice-dice-b">3. Mega Dice (DICE)</h3>
<a href="https://insidebitcoins.com/visit/mega-dice-presale" rel="noopener noreferrer nofollow">Mega Dice</a> Token has rapidly gained attention within the gaming industry, notably raising over $1 million in its presale. The project offers a unique gaming experience, attracting over 50,000 players globally. By integrating cryptocurrency into popular casino games like blackjack and slots, it has reshaped the gaming industry. This innovative approach has positioned Mega Dice as one of the top Bitcoin gambling platforms.&nbsp;
<iframe title="IS MEGADICE THE NEXT 100X CRYPTO PRESALE GEM?! GAMING + CRYPTO" width="640" height="360" src="https://www.youtube.com/embed/bxVYKtZ-vdw?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>
The presale has surpassed expectations, nearing a $5 million soft cap and aiming for a $10 million hard cap. As excitement mounts, the price per DICE token is expected to rise, incentivizing early investors. Social media channels have witnessed a surge in engagement, indicating growing interest in Mega Dice’s vision of a user-owned online casino experience.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24DICE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DICE</a> presale has raised $1 MILLION! 🚀🚀
 This <a href="https://twitter.com/hashtag/MillionDollarMilestone?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MillionDollarMilestone</a> brings us closer to revolutionizing GameFi. What's coming next?👇
 Next tier price: 0.075 💰
 Next presale target: $2M 💰
 We're implementing multiple tiered price increases, so make sure to secure your <a href="https://twitter.com/search?q=%24DICE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DICE</a>… <a href="https://t.co/MDfn5lVhju" rel="noopener noreferrer nofollow">pic.twitter.com/MDfn5lVhju</a>
 — Mega Dice Casino (@megadice) <a href="https://twitter.com/megadice/status/1790678140789960797?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 15, 2024</a>
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Moreover, Mega Dice plans a significant $2.25 million airdrop campaign. This aligns the interests of players and DICE holders while solidifying its position in the GameFi sector. The project’s solid tokenomics, growing community, and integration with the online casino experience position DICE as a potential “unicorn” crypto in the virtual gaming realm. The spotlight remains fixated on <a href="https://insidebitcoins.com/visit/mega-dice-presale" rel="noopener noreferrer nofollow">Mega Dice’s</a> presale as it defies expectations and charts an impressive course in decentralized gaming.
<a href="https://insidebitcoins.com/visit/mega-dice-presale" rel="noopener noreferrer nofollow">Visit Mega Dice Presale</a>
<h3 id="b-4-b-b-conflux-cfx-b">4. Conflux (CFX)</h3>
Conflux is a public layer-1 blockchain for dApps, e-commerce, and Web 3.0 infrastructure. It aims to be more scalable, decentralized, and secure than existing protocols, enabling quick, efficient asset transfers with low transaction costs.
The platform uses the Tree-Graph consensus mechanism, combining PoW and PoS algorithms. It supports Solidity smart contracts and is compatible with the Ethereum Virtual Machine (EVM). The native token, CFX, is used for transaction fees, network governance, and miner compensation.
<img decoding="async" class="aligncenter size-full wp-image-522566" src="https://insidebitcoins.com/wp-content/uploads/2024/05/CFX-Price-Chart.png" alt="CFX Price Chart" width="617" height="217" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/CFX-Price-Chart.png 617w, https://insidebitcoins.com/wp-content/uploads/2024/05/CFX-Price-Chart-300x106.png 300w" sizes="(max-width: 617px) 100vw, 617px">
Conflux’s unique technical architecture solves industry issues. The Tree-Graph algorithm processes 300-6000 transactions per second (TPS) without sacrificing decentralization. It also offers lower fees than Ethereum and features a Fee Sponsorship Mechanism for users with negative balances. The integrated staking system provides passive rewards and supports dApp development.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Welcome to Conflux, <a href="https://twitter.com/DesigLabs?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@DesigLabs</a>! We're excited to have your Omnichain Smart Multisig Wallet live on our network. <a href="https://t.co/w3VRbdHN4a" rel="noopener noreferrer nofollow">https://t.co/w3VRbdHN4a</a>
 — Conflux Network Official (@Conflux_Network) <a href="https://twitter.com/Conflux_Network/status/1791117229532094534?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 16, 2024</a>
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CFX’s price movement offers insightful data for investors. Its current price is $0.216772, with a 2.68% increase in the last 24 hours. However, the price has decreased by 28% over the past year. It is trading 30.95% above its 200-day SMA of $0.165953, indicating a strong performance trend with an RSI of 53.41, showing neutrality.&nbsp;
In the last 30 days, 12 days were positive, with a 30-day volatility of 7%, reflecting moderate stability. Conflux has a high liquidity ratio of 0.2111, with a market cap of $877.57M and a 24-hour volume of $185.26M.&nbsp;
<h3 id="b-5-fantom-ftm-b">5. Fantom (FTM)</h3>
Fantom is a directed acyclic graph (DAG) smart contract platform offering decentralized finance (DeFi) services using its bespoke consensus algorithm. Launched in 2019, Fantom aims to solve issues related to transaction speed, scalability, and security.&nbsp;
Its consensus mechanism, Lachesis, delivers lightning-fast and secure transaction processing. The platform seamlessly supports DApps and digital assets, integrating effortlessly with Ethereum-compatible systems. Furthermore, its token, FTM, powers transactions, network fees, staking, and governance within the ecosystem.
<img decoding="async" class="aligncenter size-full wp-image-522567" src="https://insidebitcoins.com/wp-content/uploads/2024/05/FTM-Price-Chart-1-1.png" alt="FTM Price Chart " width="617" height="214" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/FTM-Price-Chart-1-1.png 617w, https://insidebitcoins.com/wp-content/uploads/2024/05/FTM-Price-Chart-1-1-300x104.png 300w" sizes="(max-width: 617px) 100vw, 617px">
Fantom recently introduced the Opera Upgrade Dashboard, enhancing network scalability. Validators on Opera have upgraded their nodes to use Sonic tech. This includes the new Fantom Virtual Machine (FVM) and an upgraded storage system. These improvements aim to make Fantom one of the highest-performing monolithic blockchains.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🖥️ Introducing: Opera Upgrade Dashboard!
 Starting today, validators on Opera are upgrading their nodes to be powered by our innovative Sonic tech.
 Follow the real-time progress of the upgrade using our new dashboard 👇<a href="https://t.co/GAobwXWRHJ" rel="noopener noreferrer nofollow">https://t.co/GAobwXWRHJ</a> <a href="https://t.co/oYFRu4vhu6" rel="noopener noreferrer nofollow">pic.twitter.com/oYFRu4vhu6</a>
 — Fantom Foundation (@FantomFDN) <a href="https://twitter.com/FantomFDN/status/1790399403829973411?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 14, 2024</a>
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Today, FTM is valued at $0.803870, marking a robust 6.08% surge in the past 24 hours alone. Looking back over the year, the price has skyrocketed by an impressive 110%. Trading at 93.62% above its 200-day SMA of $0.420010, Fantom finds itself in a neutral position with a 14-day RSI of 61.03. Over the past month, it has enjoyed 14 green days while maintaining a low 4% volatility rate. Fantom’s high liquidity, with a 0.5019 volume-to-market cap ratio, demonstrates favorable market conditions for the project.
<h2 id="b-read-more-b">Read More</h2>
<ul>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/top-crypto-gainers-today-may-16-raydium-jito-sei-chromia" rel="noopener noreferrer nofollow">Biggest Crypto Gainers</a></li>
</ul>

Top Crypto Gainers Today May 17 – Chainlink, Sui Crypto, Conflux, Fantom

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