Top Cryptocurrency Earners Today March 16th – Akash Network, Pyth Network, Illuvium, Sui Crypto

adminMarch 17, 2024

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The cryptocurrency market is throbbing with excitement and tension, vividly reflecting investor sentiment. With a whopping total trading volume of $635.87 billion in the last 24 hours, the cryptocurrency space offers opportunities for both seasoned traders and passionate newcomers. Despite active trading, sentiment remains neutral, reflected in the Crypto Fear and Greed Index at 81, indicating extreme greed.

In the midst of activity, individual cryptocurrencies chart their own path, with winners and losers emerging. RAY shines as a star today, captivating traders with an incredible surge of 66.71% in just 24 hours. However, not all coins are succeeding, as can be seen from the unfortunate plunge of Dogwifhat, which saw a significant -20.42% drop. The thrilling roller coaster ride through the cryptocurrency market leaves traders eager for the next step. top winner.

Biggest Cryptocurrency Earners Today – Top List

Top winners like Akash Network, Pyth Network, Illuvium, and Sui Crypto shine with innovative features and strategic partnerships that reflect their solid foundation and community support. Their rise is characterized by pioneering initiatives and resonates strongly with investors. By leveraging its strong market presence and liquidity, it has solidified its position as a leader in the cryptocurrency space. Now let’s take a closer look at them to find out their investment opportunities.

1. Akash Network (AKT)

Akash Network is a decentralized cloud computing marketplace that enables transparent transactions between resource providers and users. This innovative project allows users to seamlessly switch between cloud providers, providing flexibility, usability, and cost-effectiveness.

Participants can earn money by renting out surplus computing power, contributing to a vibrant ecosystem that benefits all members. It offers services similar to Amazon Web Services or Microsoft Azure, but at a much lower cost.

AKT price chart

AKT is trading at $5.66, up 9.48% in the last 24 hours. Despite being up 1,571% over the past year, the 14-day RSI of 57.04 indicates neutrality and potentially promotes sideways trading. However, AKT remains 458.23% above its 200-day SMA, indicating a bullish trend. In particular, the 30-day volatility is 19%, ensuring stability at a manageable level. With a market power of 0.05% and medium liquidity, AKT offers balanced investment opportunities for short-term traders and long-term investors.

The proposal to launch the first full-day Akash event has been officially passed.
Akash Accelerate will bring the entire ecosystem together for a full day of speaking engagements, talks, and more in Austin, Texas later this spring.
Check out the full offer: https://t.co/GEKtwYBRz6 pic.twitter.com/N1jEQ8MBLH
— Akash Network (@akashnet_) March 15, 2024

The latest news highlights Akash Network’s partnership with Nvidia to provide access to high-performance GPUs on cloud computing platforms. This strategic move aims to address the growing demand for GPU cloud computing in AI and Web3 use cases and promote innovation and accessibility in the industry. With its commitment to providing cost-effective resources, Akash Network continues to evolve and meet the diverse needs of its users.

2. PYTH Network (PYTH)

In constantly evolving financial markets, access to timely and accurate data is of utmost importance. Pyth Network serves as a beacon of innovation, aiming to democratize access to critical market information and encourage market participants to share data. It bridges the gap between traditional finance and decentralized applications, providing a unique solution to data accessibility issues.

PYTH price chart

Through its innovative protocol, Pyth Network aggregates first-party price data from trusted market participants and publishes it on-chain. This approach allows users to access real-time price feeds with confidence intervals, whether on-chain or off-chain, increasing transparency and trust in the market. By empowering publishers and consumers, this winner opens up a new realm of possibility for DeFi applications and the broader financial ecosystem.

DeFi Powered By Pyth is underway pic.twitter.com/all1c4Mzwc
— Pyth Network 🔮 (@PythNetwork) March 15, 2024

Turning to price fluctuations, Pyth Network demonstrates resilience and stability in the volatile cryptocurrency market. With a sharp rise of 31.41% in the last 24 hours, PYTH shows potential for growth and adoption. Despite market fluctuations, the RSI was 51.94 on the 14th, maintaining a neutral stance and predicting the possibility of a sideways movement. Additionally, its high liquidity, reflected by its trading volume to market capitalization ratio of 0.6566, highlights its strong position in the market. As Pyth Network continues to lay the foundation for data accessibility and transparency, investors can explore cryptocurrencies with confidence and clarity.

three. Sponge V2 (sponge)

One of the coins showing promising potential this year is Sponge V2, creating buzz for the upcoming launch and improving token utility compared to its predecessor. It is supported by a successful community aimed at launching play-to-earn games, stake-to-bridge mechanisms and key partnerships.

Tier 1 exchanges are already participating and are well positioned for future growth. These additions aim to improve user engagement and provide potential returns through staking. With over 9 billion staked tokens and an outstanding APY ratio of over 400% on Polygon, Sponge V2 is gaining attention as a leading meme coin.

Absorb DAMPPPPP!!! 🧽🧽☀️#SpongeV2 #memecoin #altcoin pic.twitter.com/0CsFQNUL1z
— $SPONGE (@spongeoneth) March 15, 2024

Expectations are high for Sponge V2, which will surpass the performance of Sponge V1, which immediately achieved a market capitalization of close to $100 million upon its launch in 2023. With over 13,000 holders and listings on Tier 1 exchanges, Sponge V1 has proven the strength of a community-driven coin.

With strong community support and innovative features, expectations are growing for Sponge V2 to be listed on major exchanges. like Sponge V2 It continues to evolve, providing attractive opportunities for investors seeking growth in the cryptocurrency space.

Visit Sponge V2 Pre-sale

4. Illuvium (ILV)

Illuvium brings a groundbreaking convergence of gaming and decentralized finance (DeFi) to the Ethereum blockchain. Positioned as the first AAA game within the Ethereum ecosystem, Illuvium offers an immersive experience where players capture and nurture Illuvials, mythical creatures that inhabit a vast fantasy world. The ILV token serves as the backbone of the ecosystem and facilitates access to exclusive features such as rewards, governance, and Illuvium Vault.

ILV price chart

What sets Illuvium apart is its unparalleled commitment to quality and innovation. Featuring fully 3D environments and carefully designed Illuvials created by world-class artists, the game offers an experience similar to mainstream retail games. Leveraging Immutable X for layer 2 integration, Illuvium ensures seamless NFT transactions with no gas fees and instant finality. IlluviDEX improves user experience by providing a decentralized platform for asset exchange. Additionally, a strong yield farming program encourages user participation and provides liquidity.

🕰️ Throwback Thursday: Sanctum Mesa Edition 🕰️
Come back in time with us and witness the transformation of Sanctum Mesa from its early days into an incredible sight! Development is a journey, and we are committed to providing only AAA quality to our players. Our… pic.twitter.com/wMj7z5HdoS
— Illuvium (@illuviumio) March 14, 2024

ILV has shown remarkable growth and stability. It has surged 11.45% in the last 24 hours, but has risen a whopping 117% in the past year. The current market trend is bullish with the stock trading well above its 200-day SMA. However, the market appears relatively stable with a neutral 14-day RSI and 30-day volatility of 14%. Potential investors should conduct thorough due diligence before participating in ILV tokens, despite its high liquidity. Additionally, a healthy market capitalization to volume ratio highlights market activity but does not guarantee investment success.

5. Self-Encryption (SUI)

Sui Crypto (SUI) is a layer 1 blockchain platform. Designed to drive global adoption by providing a secure, robust, and scalable development environment. It leverages the object-centric data model and Move programming language to address inefficiencies in existing blockchain architectures. Sui also prioritizes user experience. Innovations such as zkLogin and sponsored transactions remove common barriers associated with blockchain interaction and ensure accessibility and user-friendliness within Web3 applications.

SUI price chart

Sui stands out with its innovative architecture that delivers low-latency transactions, stable transaction fees, and high throughput. Object-oriented design allows for deep configurability and custom object types, facilitating compatibility with a wide range of assets and protocols. Sui also supports parallel execution of transactions and unique consensus requirements for faster processing. Sui Wallet and zkLogin also provide instant access to their features, improving user convenience and security.

The current price of Sui Crypto is $1.655293 and has recently surged 12.02%. It has a market power of 0.08% and is trading over 185.70% of the 200-day simple moving average. The 14-day relative strength index (RSI) indicates neutrality with 43% of positive trading days over the past 30 days. Sui Crypto provides stable investment opportunities with low volatility and high liquidity.

So why would the Athens Stock Exchange want to build an e-book building platform on Sui? @b1ackd0g Analyze it 👇 https://t.co/ZPVnsS9FsF
— Sui (@SuiNetwork) March 15, 2024

In the latest news, Athens Exchange Group is considering deploying its Electronic Book Building (EBB) functionality on the Sui blockchain. This implies the integration of blockchain and traditional stock exchange mechanisms. ATHEX aims to enhance stock exchange operations globally through its strategic partnership with Mysten Labs. Leverage Sui’s powerful performance and diversification characteristics to ensure investor resilience.

In recent global trends, fees have become a pivotal factor with spot ETFs hitting the market in 2024, causing investors to flock to low-cost options such as: hoddle. Aiming to reach $1.5 billion in assets, VanEck’s HODL fee waiver reflects a strategic move to attract investors and explore Bitcoin’s potential amidst the bullish trend.