Top Cryptocurrency Earners Today, May 20th – Pendle, Livepeer, Fasttoken, ArcBlock

adminMay 22, 2024

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Attention is focused on the market’s top bulls today, but first, let’s take a quick look at the global sentiment surrounding the flagship cryptocurrency, Bitcoin. Bitcoin has stayed that way. Strong position above $66,000, currently trading at $67,188. With the stock up 10.2% in the past 7 days and 4.73% in the past 30 days, this stability has fueled optimism among traders.

Analysts such as Rekt Capital believe the market is nearing a bottom after the recent correction. Historical patterns following the halving suggest potential volatility, with Bitcoin experiencing sharp corrections after previously experiencing significant gains. This context sets the stage for the impressive performance of today’s top rising companies.

Biggest Cryptocurrency Earners Today – Top List

As the cryptocurrency market continues to develop, certain digital assets are gaining a lot of attention for their incredible performance. What we focus on today is top winner: Pendle, Livepeer, Fasttoken and ArcBlock. Each of these cryptocurrencies has shown impressive price surges and strong market dynamics.

For example, the price of Pendle has surged 1,071% over the past year and is currently trading at $5.26, up 6.61% in the last 24 hours. Livepeer has also surged 299% over the past year, and its current price is $19.90, up 5.14% in the last 24 hours. Fasttoken is trading at $2.01, up 137% over the past year. At the same time, the price of ArcBlock has surged 3,938% to $4.22, up 5.23% in the last 24 hours. Without further ado, let’s get into the details.

One. PENDLE

Pendle is a protocol on Ethereum that creates yield markets on supported yield tokens. Enables a variety of revenue management strategies in a permissionless environment. Pendle achieves this by wrapping the yield token into a standardized yield token (SY) that is compatible with Pendle AMM.

These SY tokens are then split into primary tokens (PT) and yield tokens (YT), known as yield tokenization. PT and YT can be traded on Pendle’s AMM, but you don’t need to understand AMM to trade.

pendle price chart

Pendle brings the interest derivative markets of traditional finance to DeFi and makes them accessible to all users. This allows for advanced return strategies such as earning fixed returns on assets like stETH, betting on increasing returns, and providing liquidity without additional risk. Users can mix and match these strategies to optimize their profits. Pendle provides a platform to manage and trade yielding assets by unlocking their yield potential.

sUSDe yield rose to 37.2%.
Pendle’s sUSDe limit increased to 250 million 🫡 pic.twitter.com/msB1FfmZZE
— Pendle (@pendle_fi) May 17, 2024

The price of Pendle today is $5.26, up 6.61% in the last 24 hours. Over the past year, prices have skyrocketed by a whopping 1,071%. It shows strong performance with a trading volume of 580.70% higher than the 200-day simple moving average (SMA) of $0.778006.

The 14-day relative strength index (RSI) is 48.46, indicating neutral market sentiment. In the past 30 days, Pendle has recorded 10 green days, accounting for 33% of the period. The 30-day volatility is 14% and the liquidity ratio is 0.2633, showing high stability.

2. Live Peer (LPT)

Livepeer is the first fully decentralized live video streaming network protocol. We aim to provide a blockchain-based, efficient alternative to centralized broadcast solutions. The platform targets new and existing broadcasters and leverages blockchain to streamline video production and distribution. Livepeer introduces decentralization to improve the broadcasting environment, driven by the rapid growth of the video streaming industry.

LPT price chart

Open source platforms invite users and developers to actively improve them. Supports pay-as-you-go content, auto-scaling social video services, uncensored live journalism, and video-enabled DApps.

The Ethereum blockchain secures Livepeers through a modified Delegated Proof of Stake (DPoS) mechanism. This method avoids mining and uses staked coins for block verification. DPoS is more ecological and scalable than Proof-of-Work (PoW) mechanisms.

Livepeer Governance Update: LPT holders who stake their tokens on the Livepeer network can now vote on the latest on-chain treasury proposals. It aims to fund ongoing community development focused on bringing AI video computing capabilities to Livepeer. 👇 pic.twitter.com/pd97Jx1K72
— Livepeer (@Livepeer) May 17, 2024

The price of LPT is $19.90 today, up 5.14% in the last 24 hours and up 299% over the past year. It is trading 221.35% higher than the 200-day SMA of $6.19, and the 14-day RSI is 44.63, indicating a neutral market mood.

Additionally, 47% had positive days over the last 30 days, resulting in moderate volatility at 14%. Livepeer is attractive to investors due to its high liquidity with a market capitalization of $642.92 million and a 24-hour trading volume of $169.57 million.

three. 99Bitcoin (99BTC)

99Bitcoin Introducing the $99BTC token that embodies our commitment to crypto education. Users can earn $99BTC tokens by participating in educational content that encourages active learning. This model aims to create a knowledgeable and engaged community.

The $99BTC token, first launched on Ethereum, will be converted to the Bitcoin network via BRC-20. This move strengthens security and leverages Bitcoin’s growing developer ecosystem. Investors can benefit from staking rewards, exclusive education, and trading signals.

With USDT raised to $1,457,682.78, the $99BTC token offers an attractive value proposition at $0.00105 per token. Long-term investors can benefit from an impressive APY, currently set at a respectable 1,532%. To take advantage of these rewards, investors take positions early, recognizing the potential for significant returns.

🇸🇻 El Salvador is leading the way in sustainability. #Bitcoin Mining using the power of volcanoes! 🌋
In three years they mined 473.5. $BTC Using geothermal energy from the Tekapa volcano added $29 million. #BTC Spare. 🍃 🔋 #99Bitcoinhttps://t.co/PepIrsQGUi
— 99Bitcoins (@99BitcoinsHQ) May 17, 2024

However, the excitement surrounding the 99Bitcoins token has intensified since the massive airdrop campaign began. The $99,999 sweepstakes generated significant interest and attracted over 6,900 entrants.

Participation is simple – sign up 99Bitcoin, follow our social channels, submit your Bitcoin wallet address and share the address used for pre-sale. With the chance to be one of 99 lucky winners, excitement for the announcement on July 19 was palpable.

Visit 99Bitcoin pre-sale

4. Fast Token (FTN)

Fasttoken is an ERC-20 utility token for the SoftConstruct, Fastex and Bahamut ecosystems. SoftConstruct is a leading IT company with over 7,000 employees, 1,000 partners and one million active users. Fastex integrates multiple blockchain and crypto solutions, including Fastex Exchange, ftNFT Marketplace, Fastex Chain blockchain, and Fastex Payments.

Bahamut operates as an EVM-compatible layer 1 blockchain, providing a versatile public solution for a variety of blockchain services. We have ambitions to expand to meet evolving needs beyond Web3 infrastructure.

FTN price chart

FTN provides utilities within this ecosystem through various discounts. Users enjoy the convenience of an integrated wallet and account, streamline the registration process, and enhance security. FTN plays a pivotal role in Proof of Stake and Activity (PoSA) consensus on the Bahamut blockchain. Gas unit for staking, block verification, and cross-chain operations.

#New listing announcement
Fasttoken (FTN) is now listed. @CoinDCX.
The FTN market is now available for trading at https://t.co/97nHTMkwX5 with the following market pairs: FTN/INR.
Learn more at https://t.co/N9GeBN3mf0. pic.twitter.com/NEu5j6AleN
— Fast Token (@fasttoken_com) May 14, 2024

FTN price rose 1.62% in 24 hours to $2.01, surging 137% over the past year. It is trading 122,145.63% above its 200-day SMA of $0.001646, indicating strong performance. The 14-day RSI is 100.00, indicating that the cryptocurrency is overbought and could soon see a downtrend.

However, in the last 30 days, 57% were positive, with 17 green days. The 30-day volatility is stable at around 3%. Fasttoken has a median liquidity ratio of 0.0254, a market capitalization of $613.37M, and a 24-hour trading volume of $15.58M.

5. Arc Block (ARC)

ArcBlock solves critical problems in blockchain technology to improve performance, user experience, and cost-effectiveness. The platform addresses performance limitations by supporting high trading volumes. Additionally, no technical expertise is required, increasing user friendliness.

This makes blockchain technology transparent to users, ensuring a seamless experience similar to today’s web and mobile apps. We also reduce costs and encourage widespread adoption by creating a platform that is free to use.

ABT price chart

ArcBlock provides a comprehensive solution through the Open Chain Access Protocol, eliminating platform lock-in issues and enabling seamless integration between multiple blockchains. The protocol provides an incentive-driven marketplace for reusable services and components, creating a self-evolving ecosystem.

Additionally, it uses Blocklet, a high-level application protocol, to improve performance and connectivity to various data sources. Built for the cloud and runs natively on platforms such as AWS and Windows Azure, it provides developers with scalability.

🔥 Thank you and I’m looking forward to it. $ABT Scheduled for listing@Hotcoin Global!
As always, we want to remind our users to navigate the cryptocurrency space carefully and do everything they can to keep themselves safe through enhanced security for their wallets. https://t.co/r1XcDRqkiI
— ArcBlock (@ArcBlock_io) May 17, 2024

The price of ABT is $4.22, up 5.23% in the last 24 hours and up 3,938% over the past year. It is trading 552.69% above its 200-day SMA of $0.644543, indicating strong performance. The 14-day RSI is 46.41, indicating neutral market sentiment.

In the last 30 days, ArcBlock had 14 green days, or 47% of the total. It also has a volatility of 22% and a median liquidity ratio of 0.0238. ABT has a market capitalization of $414.61 million and a 24-hour trading volume of $9.87 million, making it an attractive investment choice.