Top Cryptocurrency Earners Today, May 10th – Golem, SushiSwap, GMX, OriginTrail

adminMay 11, 2024

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Bitcoin (BTC) faces the threat of falling below $61,000 in global markets. This volatile situation emerged as BTC tested a familiar support trend line, pushing the price lower. Traders keenly watch the 100-day SMA and Short-Term Holder Realized Price (STH-RP). Despite recent volatility, BTC has yet to breach this critical support level for an extended period of time.

Meanwhile, price fluctuations also affect the fundamentals of the network. Mining difficulty has been set to decrease by 5.5%., which marks the biggest correction since the 2022 bear market. Currently at an all-time high of $83.23 trillion, this correction creates new BTC mining capacity for miners.

Let’s pay attention to today’s top cryptocurrency rise amid Bitcoin’s volatility and changes.

Biggest Cryptocurrency Earners Today – Top List

In the volatile cryptocurrency market, two distinct groups emerge every day: winners and losers. Among the winners, there is a notable subset. top riser. Carefully selected from successful projects, they excel with promising features, innovations, relevant use cases, strong collaboration, and progressive developments in the cryptocurrency industry niche. Today is no exception. Let’s take a look at the amazing performance of Golem, SushiSwap, GMX, and OriginTrail. These tokens demonstrate promising properties, opening new paths in the industry and providing exciting investment opportunities.

One. Golem (GLM)

Golem is a decentralized computing platform that facilitates the exchange of computing power for cryptocurrency assets. Users can rent idle computing resources and access them from anywhere, shaping the future of computer technology accessibility. The network operates as a peer-to-peer marketplace where users trade using GLM tokens.

GLM price chart

Golem promotes parallel processing across multiple providers by dividing tasks into smaller subtasks. This approach significantly improves efficiency when processing complex calculations. The platform connects requesters looking for computing resources with providers who profit by providing computing space and resources. Requests are split into sub-requests and distributed across multiple nodes for optimal service.

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— Golem Network (@golemproject) May 9, 2024

GLM is essential to pay for network computation and drives the market economy. The requester sets a bid for the task, and the provider calculates the requester’s task to obtain the GLM. According to our latest data, the price of GLM has surged 13.19% in the last 24 hours and is up a significant 184% over the past year. The current trading position is 189.95% above the 200-day SMA of $0.216096.

Additionally, the ratio of market capitalization to trading volume is 0.2503, ensuring high liquidity and ensuring trading opportunities. Moreover, 47% of last month’s trading days were positive, showing stability. Golem currently has a low volatility of 17%, which adds confidence to investors.

2. Sushi Swap (SUSHI)

SushiSwap is an automated market maker (AMM) that provides decentralized exchange services. As a fork of Uniswap, it diversifies the AMM market, primarily serving DeFi traders looking to leverage token projects and foster liquidity. Our innovative approach eliminates order books and solves the liquidity problems prevalent in traditional decentralized exchanges. It also introduces features not found in previous versions, such as improved rewards through the native token, SUSHI.

sushi price chart

Operating on a 0.3% transaction fee model, SushiSwap redistributes a portion of these fees to SUSHI holders, who also enjoy governance rights. This model encourages participation and allows users to shape the growth of the platform. With its commitment to user influence and new features, it has emerged as a dynamic player in the DeFi ecosystem, marking the evolution of decentralized exchanges.

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— Sushi.com (@SushiSwap) May 9, 2024

The price of sushi is $1.152951, up 9.70% in the last 24 hours and 28% over the past year. Moreover, it is trading comfortably above its 200-day SMA, showing bullish momentum with a margin of 29.21%. With a neutral 14-day RSI of 42.12, recent trading activity shows a balanced market, with 47% of the last 30 days producing positive returns. The liquidity ratio is 0.3911, the market capitalization is $285.73M and the 24-hour trading volume is $111.74M. These factors collectively strengthen investor confidence in Sushi’s resilience and potential.

three. 99Bitcoin (99BTC)

There are few projects in the market today that attract the attention of investors like this: 99Bitcoin Token (99BTC) Attract investors’ attention. With over $1 million in funding and an incredible Bitcoin airdrop plan worth $99,999, this project is making waves in the industry.

99BTC introduces a “Learn-to-Earn” concept where holders are incentivized to expand their cryptocurrency knowledge through tutorials and quizzes on the 99Bitcoins platform. With this innovative model and staking yielding 1,532% APY, 99BTC has established itself as a pioneer in cryptocurrency education.

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Stage 4 is receiving unprecedented attention. Keep this momentum going!
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— 99Bitcoins (@99BitcoinsHQ) May 7, 2024

The anticipation surrounding the $99,999 Bitcoin airdrop has created a frenzy within the community. With nearly 7,000 entries flooding in, the sweepstakes promises to be monumental. The project’s carefully planned token economics structure is also limited to 99 billion tokens. It includes generous allocations for staking rewards and community incentives, which adds to its appeal.

As the pre-sale continues to see success, the 99Bitcoins token team is targeting ambitious milestones. The plan to list on a major exchange signals the project’s intention to increase accessibility and reach more investors. As influential people become interested and intrigued by the company’s unique products, 99BTC It is poised to have a major impact on cryptocurrency.

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4. GMX (GMX)

GMX is a decentralized exchange (DEX) specializing in perpetual cryptocurrency futures trading with up to 50x leverage for popular cryptocurrencies such as BTC and ETH. We use an innovative Automated Market Model (AMM) instead of a traditional order book model. The platform features GLP, a native multi-asset pool that facilitates trading and generates returns for liquidity providers.

GMX price chart

GMX operates on Arbitrum and Avalanche blockchains to ensure security and scalability. Arbitrum leverages Ethereum’s network for consensus and finality. Meanwhile, Avalanche uses the Directed Acyclic Graph (DAG) protocol for distributed verification. Additionally, GMX contracts are regularly audited by ABDK Consulting and the platform maintains an active bug bounty program at Immunefi.

GMX is transitioning to on-chain governance and the GMX DAO is now live on Tally.
🔹 https://t.co/2U7HjWvv6r
Delegate your voting power to Tally before staking or claiming your GMX rewards. Stakeholders in the protocol are also invited to nominate themselves as representatives. pic.twitter.com/4YCj5FSe5C
— GMX 🫐 (@GMX_IO) May 9, 2024

GMX’s price analysis reveals several relevant indicators for investors. Despite a surge of 13.55% in the last 24 hours, GMX has seen its price fall by a significant 52% over the past year. Currently trading 38.41% below its 200-day simple moving average, GMX is struggling to regain its long-term bullish momentum. Moreover, the 14-day RSI indicates neutral market sentiment and suggests a lack of clear direction in the near term. But even amid these setbacks, there are opportunities for optimism. With high liquidity and a market cap ratio of 0.2046, GMX remains a dynamic asset with ample trading potential in the market.

5. Origin Trail (TRAC)

OriginTrail builds a trusted knowledge infrastructure for AI, ensuring the authenticity of information and supporting knowledge and asset discovery. Building a verifiable web for decentralized AI with the decentralized knowledge graph and OriginTrail Parachain. By working with prestigious organizations such as the British Standards Institution, Walmart and the EU Commission, OriginTrail is solidifying its position in a trillion dollar industry.

TRAC price chart

This project stands out for several reasons. First, build a trusted knowledge infrastructure for AI to combat misinformation and ensure trustworthiness. Second, we leverage the distributed knowledge graph to efficiently organize and search AI-based knowledge assets. Third, OriginTrail’s open source development approach fosters collaboration and innovation. Finally, the integration of OriginTrail Parachain adds another layer of security and facilitates implementation with leading global enterprises and customers.

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— OriginTrail (@origin_trail) May 9, 2024

The current price of TRAC is $0.910134 and is up 5.88% in the last 24 hours. Over the past year, prices have soared a whopping 223%, showing strong growth momentum. It boasts a margin of 197.64% and is trading well above its 200-day moving average. The 14-day RSI is at 46.82, indicating a neutral sentiment, but recent data shows that 10 of the last 30 days have been positive, giving the stock a positive response of 33%. OriginTrail also maintains relatively low price volatility, with a 30-day volatility of 8%. However, the trading volume/market capitalization ratio is 0.0082, showing low liquidity with a current market capitalization of $369.17 million and a 24-hour trading volume of $3.03 million.