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Cryptocurrency News Articles

Today's Biggest Crypto Gainers: POKT, ZETA, ZBU, and ADA

Oct 23, 2024 at 10:31 pm

One interesting fact about the crypto market is that top gainers often experience extreme price volatility. Some tokens can skyrocket over 1,000% in just days

Today's Biggest Crypto Gainers: POKT, ZETA, ZBU, and ADA

One interesting fact about the crypto market is that top gainers often experience extreme price volatility. Some tokens can skyrocket over 1,000% in just days, driven by social media trends and influencer endorsements. This volatility presents both opportunities and risks. As a result, both seasoned investors and newcomers are drawn to the space. In this article, we highlight today’s gainers—Pocket Network, ZetaChain, Zeebu, and Cardano. By exploring their impressive surges, we provide insights to help readers navigate the unpredictable world of cryptocurrency investing.

Biggest Crypto Gainers Today – Top ListFirst, Pocket Network rose by 4.33% and boasts a 139% annual gain. Next, ZetaChain surged 7.64%, thanks to strategic token anchoring. Meanwhile, Zeebu increased by 2.04% and has seen a remarkable 215% yearly rise as a telecom loyalty token. Finally, Cardano gained 0.30% and has appreciated by 32% over the past year, showcasing its versatile applications. Together, these tokens represent a promising pack of investment opportunities worth analyzing.

1. Pocket Network (POKT)Kicking off today’s list of top crypto gainers is Pocket Network. The token surged by 4.33% in the last 24 hours, continuing its remarkable momentum. Even more impressive, POKT has seen a 139% increase in price over the past year.

But what exactly is Pocket Network? It’s a decentralized blockchain data platform designed to serve the needs of Web3 dApps. The protocol connects over 50 blockchains to their ecosystems, providing critical data services. Powered by Proof-of-Stake (PoS), it ensures scalability and consistency when serving decentralized applications.

A key reason behind Pocket Network’s success is its unique focus on decentralizing the RPC (Remote Procedure Call) layer. Most decentralized applications rely on centralized service providers for data, which creates a vulnerability. Pocket Network solves this problem by offering a fully decentralized infrastructure, guaranteeing maximum privacy and censorship-resistance for Web3.

Did someone say AI agents on @POKTnetwork?

🤖🧑‍🍳🍳 https://t.co/OWijepl93d

— POKT Network (@POKTnetwork) October 11, 2024

In terms of utility, the POKT token is central to the network. Node operators stake POKT to earn rewards, while developers use it to access the network through the Pocket Portal. This portal makes it easy to connect to decentralized infrastructure, offering 1 million free data relays per day for developers.

Currently, Pocket Network is trading at $0.05905 with a high liquidity ratio of 0.1080. The token appears stable, with an RSI of 69.66, suggesting it may trade sideways for now. Furthermore, POKT has 17 green days out of the last 30 and trades 13.83% above the 200-day SMA. It’s also less volatile, with a 30-day volatility of just 11%. It clearly stands out as a solid option, having outperformed 68% of the top 100 crypto assets over the past year.

2. ZetaChain (ZETA)The second top gainer on today’s list is ZetaChain, with an impressive 7.64% price increase in the last 24 hours. This Layer-1 blockchain is making waves by focusing on cross-chain interoperability, solving a major pain point in the blockchain world.

Recently, ZetaChain made a bold move by permanently anchoring 1.5 billion ZETA tokens to its network. While these tokens can still be transferred to Ethereum as ERC-20 tokens, the transferable amount is now capped at 600 million. Despite this, the total supply of ZETA remains stable at 2.1 billion tokens, keeping its overall tokenomics intact.

This decision strengthens ZetaChain’s commitment to security and long-term stability. By anchoring a large portion of the tokens to the network, ZetaChain enhances its resistance to cross-chain vulnerabilities. This move also promotes stability by encouraging holders to stay invested, reducing the chance of market volatility.

To enhance security and decentralization, 1.5B ZETA tokens have been permanently anchored to ZetaChain’s native network.

While ZETA can still be transferred back to Ethereum as an ERC-20, the maximum amount that can be moved is now capped at 600M.

The total ZETA supply…

— ZetaChain (@zetablockchain) October 22, 2024

At the moment, ZETA is trading at $0.729243. With a high liquidity ratio of 2.0671, it is in a

News source:insidebitcoins.com

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