Top Cryptocurrency Earners Today, June 5 – Binance Coin, Nervos Network, Zcash, Astar Network

adminJune 6, 2024

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The cryptocurrency market is buzzing today as Bitcoin rises to $71,000, marking its fifth consecutive session of gains and sparking renewed excitement among investors. The surge, not seen in three months, has brought Bitcoin tantalizingly closer to the all-time high of $73,798 it reached in March, raising hopes of a potential record-breaking rally.

The surge was driven by signs of easing U.S. inflation and optimism about the possibility of a U.S. Federal Reserve interest rate cut amid a slowing job market, which has led to a sharp decline in Treasury yields. These changes in financial conditions are activating speculative assets such as cryptocurrencies. Binance Coin (BNB) and Solana are seeing notable gains alongside Bitcoin.

Biggest Cryptocurrency Earners Today – Top List

The global cryptocurrency market is showing strong growth, with a total market capitalization of $2.77 trillion, registering significant growth of 2.67% in the last 24 hours and 144.97% over the past year. In this bullish environment, with Bitcoin dominance at 52.90% and price at $70,990, attention is focused on Binance Coin, Nervos Network, Zcash, and Astar Network. these top winner Featuring notable features, price changes, and updates, it presents investors with an exciting opportunity worth exploring.

One. Binance Coin (BNB)

Binance Coin is the core of the Binance ecosystem and is the world’s largest cryptocurrency exchange by daily trading volume. Binance aims to lead global finance by providing services such as Binance Chain, Binance Smart Chain, Trust Wallet, and Binance Academy. BNB plays an important role in these projects and enhances the functionality and usability of the Binance Network. The platform’s deflationary measures and continuous development promote investor interest and user participation.

BNB price chart

The exciting news is that Binance has announced the Binance World Championship, which will run from June 4th to June 25th. The event features a reward pool of over $4.2 million, the largest in the platform’s history. Both new and existing users can participate in various campaigns and tournaments to showcase their trading strategies. Championships include spot-related tasks, futures grand tournaments, exclusive promotions such as reward sharing from Simple Earn, and incentives for making your first cryptocurrency purchase.

congrats $BNB Breaking all-time high! 🎉 pic.twitter.com/EHXXwaLqUm
— BNB Chain (@BNBCHAIN) June 5, 2024

Following this update, BNB experienced a significant rally, rising to a new all-time high price. The current value is $702.12, an increase of 10.99% over the last 24 hours. Additionally, over the past year, BNB’s price has surged 154%, outperforming 56% of the top 100 cryptocurrency assets. It is currently trading 64.28% above its 200-day simple moving average (SMA) of $427.54. At the 14-day relative strength index (RSI) of 54.91, BNB is currently exploring neutral territory. With high liquidity and a market cap of $103.65 billion, BNB is a strong investment choice.

2. Nervos Network (CKB)

Nervos Network fosters a peer-to-peer crypto economy within an open-source public blockchain ecosystem. The dual-layer architecture provides a wide range of secure blockchain services. The base layer, known as the Common Knowledge Base, manages consensus and smart asset storage, while the compute layer handles transaction processing.

CKB price chart

The base layer also utilizes a proof-of-work (PoW) consensus mechanism to ensure strong security and true decentralization. The open source code has been rigorously audited by CertiK and is continuously tested through regular hackathons to discover and fix potential security flaws. This comprehensive strategy strengthens network security and improves scalability.

Give a warm welcome @NervosNetwork ! This new flexible, interoperable, modular blockchain is built on proof-of-work. $CKB You can purchase it on our exchange!
• $CKB/ $USDT https://t.co/0UmAwOpJCh pic.twitter.com/X7eHIrzA9B
— WhiteBit (@WhiteBit) June 3, 2024

CKB, the native cryptocurrency, fuels the Nervos ecosystem by rewarding miners, managing resources, and enabling asset storage. Today the price surged to $0.018189, an increase of 18.06% in just 24 hours. Over the past year, CKB has surged 447%, outperforming 82% of the top 100 cryptocurrency assets. It is trading 145.81% higher than the 200-day SMA of $0.007369, showing remarkable growth.

Additionally, the 14-day RSI of 48.15 indicates a balanced trend. With a market capitalization of $801.22M and a 24-hour trading volume of $382.76M, CKB enjoys strong liquidity. The 30-day volatility is low at 6%, but there have only been 10 green trading days out of the last 30 days.

three. 99Bitcoin (99BTC)

99Bitcoin We are making waves in the cryptocurrency space by offering a new approach to cryptocurrency education and adoption through our innovative Learn-to-Earn model. The project has attracted significant interest, raising more than $1.9 million in pre-sales from early backers. This “Learn-to-Earn” model rewards users who actively participate in learning about blockchain, similar to a cashback rewards program, earning $99BTC tokens upon completing the course.

🎉 Major milestone notifications! 🎉
We have raised over $1.9 million through our $99BTC presale to date! 🔥
Don’t miss this opportunity and participate early. 🚀
Join now! 👉 https://t.co/9aJ5rE5LY3#99Bitcoin #Cryptocurrency #BTC pic.twitter.com/EtSqtEd31J
— 99Bitcoins (@99BitcoinsHQ) June 5, 2024

Additionally, 99Bitcoins is integrated with BRC-20, bringing new possibilities and excitement to the platform. Priced at just $0.00101 during the pre-sale period, 99BTC offers an early investment opportunity with significant growth potential.

The pre-sale adopts a pyramid structure where the token price is set to rise over time as funding targets are met. With the pre-sale capped at $11 million, investors want to secure the discounted tokens before the price rises in later stages.

In addition to reservations, 99Bitcoin We are offering a significant $99,999 BTC airdrop to our loyal community to further encourage early participation. Scheduled for July 19, 2024, this airdrop will reward 99 lucky winners with a portion of the BTC prize pool. This strategy complements the significant revenue potential of pre-sales and a new route for cryptocurrency accumulation.

Visit 99Bitcoins Presale

4. Zcash (ZEC)

Zcash is a decentralized cryptocurrency designed to ensure privacy and anonymity. Using zk-SNARK zero-knowledge proof technology, transactions can be confirmed without revealing sensitive information. The network is secured using a proof-of-work SHA-256 hash function, the same security mechanism in Bitcoin.

Moreover, unlike Bitcoin and other pseudonymous cryptocurrencies, Zcash transactions continue to send and receive amounts to and from addresses that are hidden by default. However, you may choose to disclose this information for audit or compliance purposes.

ZEC price chart

Zcash also supports two transaction types: transparent and shielded. Transparent transactions work similarly to Bitcoin, recording all details on a public ledger. However, advanced blockchain analytics can link public addresses to real-world identities.

Protected transactions use zk-SNARKs to keep transaction details confidential while recording events in the ledger. This combination provides privacy while maintaining the benefits of a decentralized, permissionless digital currency.

understanding @ZcashOrchard Protection Protocol 🧵1/6
The latest major network upgrade “NU5” introduces new features. #Shielding Zcash payment system.
Orchard will be unlocked soon. @braveBrowser Wallet 🌳🦁🛡️
Find out why it’s the most advanced payment system available today… pic.twitter.com/tY6YtxU9Om
— ZecHub (@ZecHub) May 22, 2024

At $27.24, ZEC is up 5.89% over the past day and 18.1% over the past 7 days, but down 7% over the past year. It is trading 0.93% below its 200-day SMA, indicating a neutral market stance. With a 14-day RSI of 40.12, Zcash is likely to trade sideways. However, its high liquidity, market capitalization of $444.72 million, and 24-hour trading volume of $59.52 million make it an attractive choice for investors focused on privacy-centric digital currencies.

5. Asta Network (ASTR)

Astar Network is a leading platform that promotes the development of decentralized applications (dApps) and layer 2 solutions. Astar aims to help developers create innovative solutions by providing interoperable Web 3.0 infrastructure, financial incentives, and technical support.

Backed by Binance Labs and Coinbase Ventures, Astar connects the Polkadot ecosystem with Ethereum and Cosmos, serving as a multi-chain Polkadot dApp hub for DeFi, NFTs, and DAOs. The unique approach includes supporting EVM and WASM smart contracts, facilitating seamless communication and coexistence.

ASTR price chart

The Astar Foundation recently proposed burning 350 million ASTR tokens, worth $31 million, equivalent to 5% of the Genesis allocation. Tokens scheduled for burn come from the parachain auction vault, sparking excitement within the community. Members will discuss the proposal over the next three weeks before voting. If approved, this burn could reduce staked supply, increasing rewards for stakers and impacting the future price of ASTR.

We are excited to share that Astar Network is now part of the Blockchain for Good Alliance (BGA). @chainforgood!
This collaboration is an important step forward toward our common goal of using blockchain technology for the greater good. Together we aim to spark innovation. pic.twitter.com/TkzzGcZBFn
— Astar Network (@AstarNetwork) June 4, 2024

Following this announcement, the price of ASTR surged 14.14% in 24 hours. It is currently trading at $0.099071 and has achieved a gain of 126% over the past year. Additionally, the price is trading 72.81% above the 200-day SMA, showing strong bullish momentum. Despite recent volatility (30-day volatility 3%), Astar remains highly liquid with a volume-to-market cap ratio of 0.2189. Investors will closely monitor Astar’s performance as community discussions regarding the proposed token burn progress.