Top Cryptocurrency Earners Today, April 19 – Immutable X, Gala, THORChain, Internet Computer

adminApril 20, 2024

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bisector Events occur quickly, but most often take months to realize the benefits. Bitcoin’s “halving” event could potentially impact market dynamics by halving the supply of new coins. Experts warn of an immediate price rise, pointing to historical trends. The recent 12% decline suggests expectations of a post-halving correction phase.

Rising production costs could impact miners’ profits, with the industry expected to lose $10 billion a year. Moreover, consolidation among miners is expected, with smaller players likely to go offline. Large-scale mining companies expect their market dominance to strengthen as they anticipate long-term profitability amid structural demand.

Biggest Cryptocurrency Earners Today – Top List

In today’s market, 22% of cryptocurrencies have climbed the price ladder amid the significant Bitcoin halving event. Among them are the prominent Internet Computers, THORChain, Gala, and Immutable X. top winner It stands out with impressive projects and increased prices. In the last 24 hours, Internet Computer has surged 10.50%, THORChain has surged 15.62%, Gala has surged 15.68%, and Immutable X has surged 9.22%. But beyond the price increases, let’s look at the story behind each and the investment opportunities they present.

One. immutable

Immutable solves Ethereum’s limitations for NFTs. Users enjoy instant transactions, no gas fees, and massive scalability. It allows you to create and distribute numerous digital assets. Our focus on zk-rollups puts us at the forefront of NFT development. Immutable X has the potential to become the ultimate “NFT blockchain” if it can achieve ultra-fast transaction speeds.

IMX price chart

Interacting with Immutable X is made simple through an easy-to-use API layer. This attracts new players, such as gaming companies. Users do not need to switch wallets. A secure “link” layer allows for third-party marketplaces. A shared global order book supports marketplaces built on Immutable X. This promotes competition and lowers the barrier to entry for creators and developers.

What color gems are you collecting today?
Participate in Immutable zkEVM’s main quest to earn daily gems and receive rewards. https://t.co/jyE2uONCjX pic.twitter.com/aEy34RaA8f
— Immutable (@Immutable) April 18, 2024

Immutable X is in tears! The price surged 9.22% to $2.05 in just 24 hours. That’s a 99% increase over the past year! It is currently trading 127.19% above its 200-day average ($0.91), but its RSI of 65.36 suggests a possible period of sideways activity. But there’s even better news! The volatility over the last 30 days was only 14%, indicating stability. It is also highly liquid, with a market cap-to-volume ratio of 0.0361 (market cap: $3 billion, 24-hour volume: $108.3 million). This means there is enough activity to support future growth.

2. GALA

Gala Games was born from a group of industry-leading developers who aim to reinvent the value of gaming through Web3 and blockchain technologies. Gala is focused on breaking away from the traditional model and creating a broad platform that offers AAA quality games, many of which are free. This approach gives players unprecedented freedom, control, and rewards.

GALA price chart

GALA serves as the main utility token within the Gala Games ecosystem. This facilitates acquisition of NFT items, rewards Founder’s Node operators, and includes network fees. GALA’s daily emissions are split. 50% will be allocated to Founders Node operators and 50% will be allocated to Gala Games custodians for ecosystem growth and project funding.

People use the word “wallet” a lot on web3, but do you actually know how a wallet works?
Enhance your knowledge of web3 security by understanding the available security mechanisms! https://t.co/05kTiRZTmT
— Gala Games (@GoGalaGames) April 18, 2024

The current price of GALA is $0.046415 and has surged 15.68% in the last 24 hours. Despite being up 5% over the past year, it is trading well above its 200-day SMA of $0.024292. GALA, which is currently holding a Neutral status as indicated by its 14-day RSI of 34.39, has had 14 green days over the last 30 days, indicating a positive rating of 47%. It boasts high liquidity with a 30-day volatility of 15% and a trading volume to market capitalization ratio of 0.4418.

three. 5SCAPE

5th scenery Pulsates with an immersive gaming experience fused with the power of blockchain technology. Players can enjoy a variety of dynamic sports, fighting, and racing games within a dynamic ecosystem. All of these have been carefully crafted to transport users into a captivating virtual world.

Introducing Our Favorite Holo Tiles @Disney 🚀
Read on to understand.
Veteran Disney Imagineer Lanny Smoot reveals the groundbreaking HoloTile floor. This omni-directional walking surface is ready to revolutionize virtual reality experiences. with… pic.twitter.com/PwuEjOSH1W
— 5th Scape (@5th_scape) April 19, 2024

With a total token supply of 5.21 billion, the 5thScape project is expected to have a significant impact. The presale, which aims to raise $15 million, will release 80% of the total 5SCAPE tokens over 12 stages, starting at $0.00187 and ending at $0.0087. The listing price is $0.01, and the price is expected to increase to $0.00215 in the next step. Additionally, the project will allocate 20% of tokens to other important priorities, including 10% for exchange liquidity.

like 5th scenery Combining immersive gaming, cutting-edge hardware, and a dynamic token ecosystem, we chart a bold path forward in VR and Web3. The ICO has already met expectations by raising more than $5 million. At $0.00327 per token, it offers an attractive investment opportunity.

Check out the 5th Scape Presale

4. TorChain (RUNE)

THORChain is a decentralized platform that allows users to exchange cryptocurrencies across various blockchains. It does this like Bitcoin or Ethereum without giving up control of the asset. Unlike traditional exchanges, these winners use liquidity pools to determine prices. The native token is RUNE, which serves as the core of its functionality. Investors holding RUNE can participate in governance and secure the network.

RUNE price chart

This token provides several benefits to users. One such advantage is underlying asset settlement. This means that users can exchange coins directly on the blockchain. Another advantage is the one-sided provision of liquidity. In this case, users can deposit assets and earn profits without the risk of impermanent loss. THORChain also has a lending protocol. This allows users to borrow their holdings without interest or maturity.

Congratulations on the 3rd anniversary of THORChain mainnet. @cakewallet Thanks for adding THORChain swap support ⚡️🍰
Full announcement on Medium pic.twitter.com/rPMFazdbIG
— THORChain (@THORChain) April 17, 2024

The current price is $5.13. According to our analysis, this means that it has surged 15.62% in the last 24 hours. Despite its market dominance of 0.07%, it showed a remarkable increase of 232% over the past year. It is trading at $2.93, 75.07% above its 200-day SMA. The 14-day RSI is 49.05, suggesting a neutral stance. Of the last 30 trading days, 12 were positive, accounting for 40%. The 30-day volatility is 17%, keeping the price relatively stable. Additionally, with a market cap to volume ratio of 0.3246, liquidity remains solid with a market capitalization of $1.72 billion and 24-hour volume of $558.91 million.

5. Internet Computer (ICP)

Internet Computer is the industry leader in decentralized “Internet Computers.” We need giants like Amazon AWS and Google Cloud. This super project has a big mission. We aim to reshape the Internet by enabling decentralized storage, computation, and governance, and fostering community-driven innovation. The network nervous system oversees transactions and node coordination to ensure security and scalability. They aim to be an inclusive community where developers can enhance the platform for universal enjoyment.

ICP price chart

The current price of ICP is $13.14, surging 10.50% in the last 24 hours. With a market power of 0.26%, it has grown 115% over the past year and is trading 20.39% above its 200-day SMA of $10.98. The 14-day RSI indicates neutrality, with 50% of the last 30 trading days being positive. The volatility is high at 16%, boasting a trading volume to market capitalization ratio of 0.0541.

A new era has begun for Bitcoin. ICP is helping pave the way.
ICP’s Threshold-Schnorr integration enables rune etching, seamless BRC-20 token trading, and Bitcoin DeFi apps.
The future’s #Bitcoin bright #ICP
full post @decryptmediahttps://t.co/uD6hrYw7vg
– DFINITY(@dfinity) April 18, 2024

This successful project came with some exciting news. ICP now implements Threshold-Schnorr signatures to enable Bitcoin-based DeFi and web3 features. This encryption scheme improves the integration of ICP and Bitcoin by allowing secure on-chain transactions and messages. By leveraging the liquidity and security of BTC, decentralized applications, including exchanges and token trading, thrive without the need for centralized bridges. This integration solves industry coordination issues. Enhance the functionality, speed, and security of your encrypted interactions. The team expects to fully commence this fantastic project by the summer.