Telcoin

Axelar

Jito

Optimism

<div class="insidebitcoins">
 The recent Bitcoin halving has sparked apprehension among investors in Bitcoin mining stocks. Despite previous success, the halving slashes miner rewards in half, significantly impacting revenue and earnings. Consequently, mining operations like Riot Platforms and Marathon Digital Holdings could struggle to remain profitable. Thus, this scenario paves the way for a potential industry consolidation.
 Transitioning to Ethereum, its trajectory remains uncertain, overshadowed by regulatory challenges and market uncertainties. Unlike Bitcoin, Ethereum faces challenges in regulatory clarity and mainstream adoption. Hence, these hurdles can potentially erode investor confidence and dampen market performance.
 <h2 id="b-biggest-crypto-gainers-today-top-list-b">Biggest Crypto Gainers Today – Top List</h2>
 With the total crypto market capitalisation at $2.17 trillion, today’s market paints a mixed picture of more losses than gains. From the flagship cryptocurrency, Bitcoin, experiencing a 3.53% decrease in the last 24 hours, the market has seen only 13% of cryptocurrencies making gains. Telcoin stands out as the top gainer with an impressive 16.86% increase, while 1inch Network Token faces a notable 8.63% loss. Against this backdrop, we’ll analyse four unique top gainers among the winning 13%. Let’s unveil the underlying factors driving their growth and the investment opportunities they present.
 <h3 id="b-1-b-b-telcoin-tel-b">1. Telcoin (TEL)</h3>
 Telcoin, the foundational currency and protocol token of its decentralised financial ecosystem, aims to democratise global financial access. By incentivising telecoms and active users, it fosters alignment towards swift and affordable services. Also, it pioneers user-owned solutions through innovative DeFi principles, thus outshining traditional banking offerings.
 <img decoding="async" class="aligncenter size-full wp-image-515700" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20620%20216'%3E%3C/svg%3E" alt="TEL Price Chart" width="620" height="216" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/05/02/932b1562abe9f3f284328093b8936fdd.webp 620w, https://cdn.thebittimes.com/images/2024/05/02/932b1562abe9f3f284328093b8936fdd.webp 300w" data-lazy-sizes="(max-width: 620px) 100vw, 620px" data-lazy-src="https://cdn.thebittimes.com/images/2024/05/02/932b1562abe9f3f284328093b8936fdd.webp">
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 Telcoin strategically bridges decentralised finance and mainstream adoption. According to statistics, it also empowers seamless financial access with over 5 billion mobile users worldwide. Driven by active user participation and telecom partnerships, Telcoin is set to transform financial inclusion on a global scale. Moreover, it streamlines the creation and distribution of user-owned financial products through telecom channels. Consequently, this minimises risks linked with traditional finance.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Open the door to #DeFi on the #Telcoin App!
 ️✨ Trade over 💯 #DigitalAssets ✨ Stake $TEL and earn a share of trading fees ✨ Send cross-border remittances to dozens of mobile money platforms pic.twitter.com/jLSzX3ETe9
 — Telcoin (@telcoin) April 30, 2024
 </blockquote>
 
 TEL’s recent surge, with a 16.65% increase in 24 hours, reflects growing market confidence. Over the past year, it rose by 47%, trading 66.80% above the 200-day SMA. Despite liquidity challenges, Telcoin maintains a stable 12% volatility rate over 30 days. Also, with a market dominance of 0.01% and a low volume-to-market cap ratio of 0.0053, Telcoin demonstrates resilience. These metrics show its potential in decentralised finance.
 <h3 id="b-2-b-b-axelar-axl-b">2. Axelar (AXL)</h3>
 Our next gainer, Axelar, aims to facilitate secure cross-chain communication for Web3, offering a decentralised network and tools for dApp builders. Its protocol suite, APIs, and gateway smart contracts enable seamless interaction across blockchains. Axelar utilises a proof-of-stake (PoS) consensus mechanism, empowering a decentralised network accessible to all. Its user-friendly API simplifies development, fostering innovation across blockchain ecosystems.
 <img decoding="async" class="aligncenter size-full wp-image-515704" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20620%20211'%3E%3C/svg%3E" alt="AXL Price Chart" width="620" height="211" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/05/02/ab9ccef96fbb55a445acdcd42e448078.webp 620w, https://cdn.thebittimes.com/images/2024/05/02/ab9ccef96fbb55a445acdcd42e448078.webp 300w" data-lazy-sizes="(max-width: 620px) 100vw, 620px" data-lazy-src="https://cdn.thebittimes.com/images/2024/05/02/ab9ccef96fbb55a445acdcd42e448078.webp">
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 The project’s versatility extends to its support for native tokens, including AVAX, ETH, FTM, GLMR, and MATIC. This enables cross-chain transfers via wrapped ERC-20 versions, enhancing interoperability across blockchain networks. Axelar distinguishes itself by prioritising secure cross-chain communication over dynamic validators, employing PoS, a rarity in the space. Moreover, its developer-centric approach minimises learning curves, enabling developers to work on familiar chains without sacrificing interoperability.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Today, blockchain interoperability has a new look and new language 🦾
 Axelar is the shortest path to scale 👀 ⤵️ 🧵 pic.twitter.com/numwDe0e6T
 — Axelar Network (@axelarnetwork) April 22, 2024
 </blockquote>
 
 Analysing its price trajectory reveals a notable surge in the last 24 hours, with Axelar’s price experiencing an 8.98% increase. Currently trading at $1.184765, it stands 146.79% above the 200-day SMA of $0.477891, indicating bullish sentiment. With the 14-day Relative Strength Index (RSI) resting at 54.13, it indicates a neutral stance and hints at potential sideways movement. Despite a modest 37% green days ratio in the last month, Axelar exhibits relatively low volatility at 19%. High liquidity is evident, with a volume-to-market cap ratio of 0.1285, reflecting robust market participation.&nbsp;
 <h3 id="b-3-b-b-5th-scape-5scape-b">3. 5th Scape (5SCAPE)</h3>
 5th Scape is a beacon of innovation in the virtual reality niche. Integrating virtual worlds with blockchain technology provides a tantalising glimpse into the future. Using the Ethereum blockchain, transactions within the 5th Scape ecosystem are swift and highly secure. This fusion elevates user experience and introduces new earning opportunities, setting 5th Scape apart.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Hey #5thScape fam! 🎮 Just dropping by to share some epic news: our dedicated team has been tirelessly leveling up the thrill factor in our latest project!
 🚀 Stay tuned for the most cutting-edge updates and enhancements as we continue to redefine what’s possible in gaming.… pic.twitter.com/qwrDZH5p4a
 — 5th Scape (@5th_scape) April 30, 2024
 </blockquote>
 
 The platform’s ambition extends beyond gaming, offering users unprecedented opportunities to engage and transact within its virtual environment. Leveraging the Ethereum blockchain ensures that these interactions are seamless and transparent. Both players and developers will benefit from this synergy, with developers finding fertile ground for growth and innovation. This symbiotic relationship between the gaming community and blockchain underpins 5th Scape’s vision for the future of virtual reality.
 
 <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/BTBfMTpCays" data-id="BTBfMTpCays" data-query="feature=oembed" data-alt="5th Scape: My Top AR &amp; VR Crypto For 2024"></div>
 <noscript><iframe title="5th Scape: My Top AR &amp; VR Crypto For 2024" width="640" height="360" src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/BTBfMTpCays?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>
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 Having exceeded the $5 million milestone in its presale, 5th Scape attracts investors with its promising use case. The ongoing presale aims for $15 million, which is crucial for developing its innovative ecosystem. At $0.00327, the token’s price will gradually increase, with the subsequent adjustment at $6.25 million. With a total supply of 5.211 billion tokens, 80% are for the presale, 10% for treasury and development. Additionally, 10% is designated for exchange liquidity, demonstrating a strategic distribution. There is no better time than the present to invest in this innovative project.
 Visit 5th Scape Presale
 <h3 id="b-4-b-b-optimism-op-b">4. Optimism (OP)</h3>
 Optimism is a layer-two blockchain solution designed to enhance scalability within the Ethereum ecosystem. It operates atop the Ethereum mainnet, leveraging optimistic rollups and benefiting from its security. Consequently, this approach significantly scales transaction throughput and reduces fees.
 <img decoding="async" class="aligncenter size-full wp-image-515714" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20622%20218'%3E%3C/svg%3E" alt="OP Price Chart " width="622" height="218" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/05/02/c641ac0026e76304193ba98c9db46270.webp 622w, https://cdn.thebittimes.com/images/2024/05/02/c641ac0026e76304193ba98c9db46270.webp 300w" data-lazy-sizes="(max-width: 622px) 100vw, 622px" data-lazy-src="https://cdn.thebittimes.com/images/2024/05/02/c641ac0026e76304193ba98c9db46270.webp">
 <noscript><img decoding="async" class="aligncenter size-full wp-image-515714" src="https://cdn.thebittimes.com/images/2024/05/02/c641ac0026e76304193ba98c9db46270.webp" alt="OP Price Chart " width="622" height="218" srcset="https://cdn.thebittimes.com/images/2024/05/02/c641ac0026e76304193ba98c9db46270.webp 622w, https://cdn.thebittimes.com/images/2024/05/02/c641ac0026e76304193ba98c9db46270.webp 300w" sizes="(max-width: 622px) 100vw, 622px">
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 One of Optimism’s critical use cases is its role as a scaling solution for Ethereum. With over $500 million in total value locked (TVL), it hosts significant protocols like Synthetix (SNX), Uniswap (UNI), and Velodrome (VELO). Users can seamlessly interact with decentralised finance (DeFi) applications and decentralised exchanges (DEXs) on Optimism. They experience lower fees and faster transaction times compared to the Ethereum mainnet.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Today, @RedstoneXYZ Mainnet is officially live and part of the Superchain 🔴🪨
 Joining the Superchain means scalability, low fees, and contributing revenue to the Optimism Collective to power open source development. pic.twitter.com/izXpzhi8Ne
 — Optimism (@Optimism) May 1, 2024
 </blockquote>
 
 Optimism has seen a steady upward trend, priced at $2.72, with an 8.30% surge in the last 24 hours. Despite having a market dominance of 0.03%, it has shown a 26% increase over the past year. Also, it trades above the 200-day SMA, indicating bullish sentiment. The coin appears neutral with a 14-day RSI at 56.88, potentially leading to sideways movement. Although 43% of the last 30 days were positive, it exhibits low volatility at 13%. However, the market displays high liquidity, evident through a volume-to-market cap ratio of 2.6525, indicating active engagement from investors.&nbsp;
 <h3 id="b-5-jito-jto-b">5. Jito (JTO)</h3>
 Jito Network, a prominent contributor to the Solana ecosystem, offers JitoSOL liquid staking pools and MEV products. JitoSOL enables users to exchange SOL for enhanced liquidity and DeFi opportunities. Users can also earn staking yields and rewards from MEV extraction on Solana. The Jito Foundation aims to mitigate MEV’s negative impacts by equitably distributing profits, thereby enhancing transparency through open-source validator clients.
 <img decoding="async" class="aligncenter size-full wp-image-515715" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20622%20216'%3E%3C/svg%3E" alt="JTO Price Chart" width="622" height="216" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/05/02/65809256d1b572a5835e14920a792b19.webp 622w, https://cdn.thebittimes.com/images/2024/05/02/65809256d1b572a5835e14920a792b19.webp 300w" data-lazy-sizes="(max-width: 622px) 100vw, 622px" data-lazy-src="https://cdn.thebittimes.com/images/2024/05/02/65809256d1b572a5835e14920a792b19.webp">
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 The latest news highlights JitoSOL’s expansion to Arbitrum through Wormhole NTT integration, enabling multi-chain functionality. This integration will enhance accessibility and utility across diverse blockchain environments. It taps into Ethereum’s vast user network while maintaining integrity across Solana and Arbitrum. The support from Balancer liquidity pools ensures continuous liquidity and fair trading conditions for JitoSOL users.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 10M $SOL staked with Jito! 🥳
 Lfg fam! Amazing milestone but we can’t stop here, 20M before breakpoint!
 Accelerate. 🟢 pic.twitter.com/oMunyuFl4t
 — Jito (@jito_sol) May 1, 2024
 </blockquote>
 
 Assessing its performance in light of recent developments, JTO trades at $3.29 with a 14.56% surge in the last 24 hours. Despite its market dominance standing at 0.02%, the latest enhancements, such as multi-chain integration and liquidity support, indicate promising adoption potential. Also, its high liquidity, with a volume-to-market cap ratio of 1.0326, further bolsters its position in the market. Furthermore, with a 40% green days ratio in the last 30 days and a 30-day volatility of 15%, Jito exhibits moderate stability amidst expansion efforts.&nbsp;
 <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-may-02-telcoin-axelar-optimism-jito-tbt87223.html">https://thebittimes.com/top-crypto-gainers-today-may-02-telcoin-axelar-optimism-jito-tbt87223.html</a>
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Top Crypto Gainers Today May 02 – Telcoin, Axelar, Optimism, Jito

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