Biggest Crypto Gainers Today – Top List

Cryptocurrencies are known for their high volatility and sudden price shifts. While this has traditionally appealed to short-term traders, the market is evolving.

Cryptocurrency markets are experiencing a surge in interest, and today's top gainers are making waves in the industry. Chiliz (CHZ) is leading the pack with a 13.23% increase, driven by its innovative partnerships in the sports and entertainment sector. Nervos Network (CKB) follows closely with an 8.51% gain, showcasing the strength of its dual-layer blockchain architecture.

Here's a closer look at what's driving these cryptocurrencies and how they can impact your portfolio strategy.

Biggest Crypto Gainers Today – Top List

Chiliz, surging by 13.23%, is grabbing attention with its unique approach to fan engagement. Nervos Network, up 8.51%, stands out for its dual-layer blockchain architecture. SushiSwap, rising by 3.31%, attracts users with its AMM features and rewarding system. Kaspa, increasing by 6.69%, impresses with advancements in its GHOSTDAG protocol and high block rates.  

1. Chiliz (CHZ)

Chiliz is the digital currency for sports and entertainment, developed by a Malta-based FinTech provider. It operates the Socios platform, allowing users to partake in the governance of their favorite sports brands.

By purchasing CHZ, fans can buy fan tokens, influence club-related decisions, and engage with their clubs. Chiliz bridges the gap between active and passive fans, creating new revenue streams for sports organizations.

Recently, Chiliz partnered with Naver Pay, a mobile payment service, to expand its global services through Web3 innovations. This partnership aims to enhance user experiences in sports and entertainment. It will serve 33 million registered users and 18 million daily users in South Korea.

They plan to strengthen the fan token ecosystem, develop exclusive ticketing and payment services, and host fan-centric events. This collaboration promises to bring innovative solutions to South Korea’s sports enthusiasts.

We're excited to announce Naver Pay partners with Chiliz to enhance fan engagement and power global expansion 🤝

Naver Pay is utilized by the majority of the South Korean population with 33 million registered users and 18 million daily users.https://t.co/pCHtGpWPE3

⚡ $CHZ

— Chiliz ($CHZ) – The Sports Blockchain ⚽🏆 (@Chiliz) May 22, 2024

This partnership has positively affected the CHZ price, now $0.133912 with a 13.23% increase in the last 24 hours and a 35% rise over the past year. It is trading 69.18% above its 200-day SMA, indicating strong performance. The 14-day RSI of 44.01 suggests a neutral market stance.

The last 30 days saw 14 green days, showing positive momentum. With a 30-day volatility of 4%, CHZ remains relatively stable. The volume-to-market cap ratio of 0.3169 indicates high liquidity. No doubt, the Naver Pay partnership will further drive CHZ’s growth.

2. Nervos Network (CKB)

Nervos Network is an open-source public blockchain project. Its goal is to create a peer-to-peer crypto-economy network where users can access secure blockchain services. It features a dual-layer architecture: the base layer (Common Knowledge Base) for consensus and smart assets, and the computation layer for transactions.

The Common Knowledge Base drives the ecosystem using Proof-of-Work (PoW) and its cryptocurrency, CKByte (CKB). Developers have the capability to craft decentralized applications (dApps) that function seamlessly across multiple blockchain systems, thereby bolstering scalability and security measures.

The CKB token, deployed on a PoW blockchain, ensures security and decentralization. The network is open-source and regularly audited by third parties like CertiK. Additionally, the team holds hackathons with cash prizes to identify security flaws.

The CKB price is $0.016829, reflecting an 8.51% increase in the last 24 hours and a 408% surge over the past year. It is trading 128.38% above its 200-day SMA, which is $0.007369. The market stance is neutral, as indicated by a 14-day RSI 48.15.

Check out the latest updates to the #Nervos doc site: https://t.co/vpxOUPKA0p

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