Arbitrum

Synthetix

Livepeer

Helium

In the days following the U.S. Memorial Day holiday, <a href="https://finance.yahoo.com/news/bitcoin-breaks-low-end-trading-154746272.html" rel="noopener noreferrer nofollow">Bitcoin traded tightly around $68,000</a> but dipped to near the week’s low on Friday morning, hitting $67,300. This marked a 2% decrease from earlier levels. While May saw bitcoin rise by 11%, it lagged behind the CoinDesk 20’s 20% surge.
However, as of today, the first of June, Bitcoin’s price is $67,614, reflecting a -1.03% decrease in the last 24 hours. This places Bitcoin’s market cap at $1.33 trillion, with BTC currently holding a market dominance of 52.39%. Market observers closely monitor macroeconomic conditions for potential catalysts, with next week’s economic reports anticipated to impact Bitcoin’s trajectory.
<h2 id="b-biggest-crypto-gainers-today-top-list-b">Biggest Crypto Gainers Today – Top List</h2>
Despite recent Bitcoin price fluctuations, the market showcases notable gainers today. <a href="https://insidebitcoins.com/news/top-crypto-gainers-today-may-31-jasmycoin-okb-mantra-dao-arweave" rel="noopener noreferrer nofollow">Top gainers</a> – Livepeer, GMX, Synthetix, and Helium lead the pack, offering unique solutions in their respective sectors. Livepeer’s price surged 8.69% to $22.93, with GMX increasing by 4.83% to $39.31. Synthetix witnessed a 3.90% rise to $2.91, while Helium soared by 4.48% to $4.12. As these projects attract attention, let us analyze their performance closely for potential opportunities.
<h3 id="b-1-b-b-livepeer-lpt-b">1. Livepeer (LPT)</h3>
Livepeer is the pioneer of the first fully decentralized live video streaming network protocol. It aims to offer an efficient, blockchain-based alternative to centralized broadcasting solutions. Producers can submit work on the platform, then reformat and distribute content to users and streaming platforms. Users benefit from pay-as-you-go content, auto-scaling social video, uncensorable journalism, and video-enabled DApps.
LPT coins hold value within the network as incentives and payment options. They ensure cost-effectiveness, reliability, and security. LPT coin holders can stake their coins, becoming delegators who earn smaller-scale fees without handling transcoding.
<img decoding="async" class="aligncenter size-full wp-image-530060" src="https://insidebitcoins.com/wp-content/uploads/2024/06/LPT-Price-Chart-1.png" alt="LPT Price Chart " width="736" height="268" srcset="https://insidebitcoins.com/wp-content/uploads/2024/06/LPT-Price-Chart-1.png 736w, https://insidebitcoins.com/wp-content/uploads/2024/06/LPT-Price-Chart-1-300x109.png 300w" sizes="(max-width: 736px) 100vw, 736px">
Also, those on the network called orchestrators handle transcoding using their computer resources and earn crypto rewards. They contribute to mining, which is essential for creating new blocks. Staking earns new coins and encourages orchestrators to follow network rules, enhancing security. Built on Ethereum, Livepeer uses a delegated proof-of-stake (DPoS) consensus mechanism. This avoids the high energy costs of proof-of-work systems like Bitcoin.
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 The launch of the Livepeer AI Subnet marks a significant milestone towards Livepeer’s vision to infinitely scale decentralized video compute marketplaces on its open and permissionless network.
 Let's take a look at the roadmap for AI Video compute on the Livepeer network.
 🧵👇 <a href="https://t.co/B0AmgOwF15" rel="noopener noreferrer nofollow">pic.twitter.com/B0AmgOwF15</a>
 — Livepeer (@Livepeer) <a href="https://twitter.com/Livepeer/status/1795608007516233848?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 29, 2024</a>
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LPT’s price today is $22.93, with an 8.69% increase in the last 24 hours. Over the past year, its price surged 350%, outperforming 80% of the top 100 crypto assets. It trades 270.99% above the 200-day SMA of $6.19. The 14-day RSI is 44.63, indicating a neutral position. The price showed positive growth on 16 out of the last 30 days, with 17% volatility. It has high liquidity with a market cap of $744.98M and a 24-hour volume of $117.47M.
<h3 id="b-2-b-b-gmx-gmx-b">2. GMX (GMX)</h3>
GMX is a fast-growing spot and perpetual DEX on Arbitrum and Avalanche. Arbitrum secures transactions via the Ethereum network, while Avalanche uses a unique consensus mechanism and processes transactions simultaneously. Thus, GMX supports low trading fees and zero price-impact trades. Traders can use up to 50x leverage on the platform, similar to many CEXs.
GMX maximizes capital efficiency with a unique model. Unlike most DEXs that use multiple single-asset pools, GMX utilizes a single multi-asset pool, GLP. This pool includes several large-cap tokens and stablecoins. Trading occurs via an innovative AMM model, and GLP generates revenue for liquidity providers.
<img decoding="async" class="aligncenter size-full wp-image-530064" src="https://insidebitcoins.com/wp-content/uploads/2024/06/GMX-Price-Chart-2.png" alt="GMX Price Chart " width="718" height="286" srcset="https://insidebitcoins.com/wp-content/uploads/2024/06/GMX-Price-Chart-2.png 718w, https://insidebitcoins.com/wp-content/uploads/2024/06/GMX-Price-Chart-2-300x119.png 300w" sizes="(max-width: 718px) 100vw, 718px">
GMX has two tokens: GLP and GMX. GLP supplies liquidity and reflects the value of all GMX assets. GMX serves as the utility and governance token. ABDK Consulting audits GMX contracts and has an active bug bounty on Immunefi.
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 Attention all <a href="https://twitter.com/hashtag/DeFi?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DeFi</a> Builders:
 GMX announces the launch of wave 2 of the GMX Grants Program, following the success of the first wave and the recent approval of GMX's STIP-Bridge proposal by the Arbitrum DAO.
 For the wave 2 grants, GMX will allocate around 600,000 ARB of… <a href="https://t.co/xMYhvbdsra" rel="noopener noreferrer nofollow">pic.twitter.com/xMYhvbdsra</a>
 — GMX 🫐 (@GMX_IO) <a href="https://twitter.com/GMX_IO/status/1796535720741363897?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 31, 2024</a>
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GMX’s current price is $39.31. It increased by 4.83% in the last 24 hours. Over the past 7 and 30 days, the price increased by 17.1% and 63.1%, respectively. However, it decreased by -28% over the last year and trades -17.82% below its 200-day SMA of $47.83.
The 14-day RSI is 43.83, indicating a neutral stance. GMX had 14 green days out of the last 30, showing 47% positivity. Its 30-day volatility is 11%, indicating relative stability. GMX has high liquidity, with a 0.2342 volume-to-market cap ratio.
<h3 id="b-3-b-b-wienerai-wai-b">3. WienerAI (WAI)</h3>
<a href="https://insidebitcoins.com/visit/wienerai" rel="noopener noreferrer nofollow">WienerAI</a> has captured the attention of investors with its impressive presale performance, raising over $3.7 million. This meme coin distinguishes itself through its AI-driven trading bot designed to optimize crypto trading opportunities. This bot is designed to continuously monitor the market, process data, and offer predictive insights. Thus, it provides traders crucial entry and exit points, enhancing their trading efficiency. This, coupled with zero-fee token swaps and a robust staking protocol, sets WienerAI apart in the crowded crypto market.
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 3 Million raised!
 As holder count grows, so does the anticipation for launch and the AI trading bot release!!
 🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭 <a href="https://t.co/Y19TEbKwjc" rel="noopener noreferrer nofollow">pic.twitter.com/Y19TEbKwjc</a>
 — WienerAI (@WienerDogAI) <a href="https://twitter.com/WienerDogAI/status/1794829579431133226?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 26, 2024</a>
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The project’s tokenomics model is strategically designed to foster long-term engagement and community growth. Of the total 69 billion WAI supply, 30% is allocated for the presale, 20% for staking rewards, and another 20% for airdrops and giveaways. The remaining tokens support liquidity and marketing efforts, ensuring a balanced approach to immediate and future needs.
<iframe title="BEST 5 CRYPTO Presales That Could 10X Your Money?! (Top Crypto to Buy Now?!)" width="640" height="360" src="https://www.youtube.com/embed/JiJzdcv-2Ns?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 development team’s roadmap includes a smart contract audit and a global marketing campaign. They also plan major exchange listings, indicating a well-planned strategy for sustained growth. Doubtless to say, the presale is generating significant buzz and has already surpassed vital milestones. With each <a href="https://insidebitcoins.com/visit/wienerai" rel="noopener noreferrer nofollow">$WAI</a> token now priced at $0.000713, it’s the perfect time to invest and seize substantial returns as an early investor.
<a href="https://insidebitcoins.com/visit/wienerai" rel="noopener noreferrer nofollow">Visit Wienerai Presale</a>
<h3 id="b-4-b-b-synthetix-snx-b">4. Synthetix (SNX)</h3>
Synthetix is an Ethereum-based decentralized protocol that mints synthetic representations of assets as tokens, tracking their values in a 1:1 ratio. It backs these assets with SNX as collateral, enabling access to various assets like cryptocurrencies, commodities, and fiat currencies. SNX powers the Synthetix network, providing deep liquidity and low fees for decentralized liquidity provisioning. It facilitates trading across protocols like Kwenta, Lyra, Polynomial, and 1inch &amp; Curve.
<img decoding="async" class="aligncenter size-full wp-image-530067" src="https://insidebitcoins.com/wp-content/uploads/2024/06/SNX-Price-Chart-2.png" alt="SNX Price Chart " width="714" height="275" srcset="https://insidebitcoins.com/wp-content/uploads/2024/06/SNX-Price-Chart-2.png 714w, https://insidebitcoins.com/wp-content/uploads/2024/06/SNX-Price-Chart-2-300x116.png 300w" sizes="(max-width: 714px) 100vw, 714px">
With autonomous trading and a staking pool rewarding SNX holders with transaction fees, Synthetix ensures seamless trading while reducing the need for intermediaries. By harnessing smart contract oracles, the platform ensures precise price accuracy, enhances user trust, and alleviates liquidity worries. Also, transitioning to the Optimistic Ethereum mainnet enhances scalability and reduces gas fees, fortifying the platform’s security and efficiency.
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 🔥 Weekly Burnt Fees Update 🔥
 From May 22 to May 29, Synthetix deployments on <a href="https://twitter.com/Optimism?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@optimism</a> and <a href="https://twitter.com/base?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@base</a> burned a total of:
 – $299,990 sUSD – 8,187 <a href="https://twitter.com/search?q=%24SNX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SNX</a>
 These fees are burned through weekly debt distribution and SNX buyback &amp; burn process, benefiting stakers &amp; <a href="https://twitter.com/search?q=%24SNX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SNX</a> holders. <a href="https://t.co/5Z3oHDSO8W" rel="noopener noreferrer nofollow">pic.twitter.com/5Z3oHDSO8W</a>
 — Synthetix ⚔️ (@synthetix_io) <a href="https://twitter.com/synthetix_io/status/1796610113656226038?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 31, 2024</a>
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SNX stands for $2.91, reflecting a 3.90% increase in the last 24 hours, with a 23% rise over the past year. While currently trading -13.67% below its 200-day SMA of $3.37, Synthetix remains poised for potential growth. With a 14-day RSI at 42.82, the coin indicates a neutral stance, yet its recent performance boasts 14 green days out of the last 30, indicating a 47% positivity rate. Moreover, stability prevails with a 30-day volatility standing at 6%. Synthetix exhibits high liquidity, boasting a market cap of $333.74 million and a 24-hour volume of $47.41 million.
<h3 id="b-5-helium-hnt-b">5. Helium (HNT)</h3>
Helium is a decentralized wireless network connecting IoT devices through Helium Hotspots. Initially a traditional business, Helium pivoted to crypto to create a decentralized public network. Popularly known as “The People’s Network,” Helium offers a scalable, low-cost wireless infrastructure. Each Hotspot covers an area 200 times larger than conventional WiFi, with over 500,000 Hotspots in operation globally.
<img decoding="async" class="aligncenter size-full wp-image-530068" src="https://insidebitcoins.com/wp-content/uploads/2024/06/HNT-Price-Chart.png" alt="HNT Price Chart" width="727" height="294" srcset="https://insidebitcoins.com/wp-content/uploads/2024/06/HNT-Price-Chart.png 727w, https://insidebitcoins.com/wp-content/uploads/2024/06/HNT-Price-Chart-300x121.png 300w" sizes="(max-width: 727px) 100vw, 727px">
Helium’s HNT token, built on the ERC-20 standard, is a tradeable asset crucial for the network security and governance. By staking 10,000 HNT, holders can run validator nodes and earn rewards. This process secures the network and allows participants to influence Helium’s future. It uses a proof-of-coverage consensus mechanism supported by the HoneyBadger BFT protocol, ensuring reliable communication. The network’s wallet also uses asymmetric keys to protect users’ private keys.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🎉IoTNet is modernizing water utility systems with Helium's decentralized networks, leveraging real-time insights and sustainable solutions to transform water management.
 In Bulgaria, IoTNet upgraded water supply systems by migrating over 14,000 sensors, achieving cost savings,…
 — Helium🎈 (@helium) <a href="https://twitter.com/helium/status/1795851690790301910?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 29, 2024</a>
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HNT is presently valued at $4.12, witnessing a 4.48% surge in the past 24 hours and an impressive 195% increase over the preceding year. Additionally, it stands 83.01% above its 200-day SMA of $2.25, with a 14-day RSI of 74.77, suggesting it’s currently overbought. However, over the last 30 days, there were 13 green days, while its 30-day volatility remains at 10%. Also, its liquidity, denoted by a volume-to-market cap ratio of 0.0090, reflects low levels. The data implies notable price growth for HNT; investors should exercise caution.
<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-31-jasmycoin-okb-mantra-dao-arweave" rel="noopener noreferrer nofollow">Biggest Crypto Gainers</a></li>
</ul>

Top Crypto Gainers Today Jun 01 – Livepeer, GMX, Synthetix, Helium

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