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Cryptocurrency News Articles

Bitcoin Cash (BCH), Ronin (RON), Aptos (APT), and Theta Network (THETA) Lead Today's Crypto Market Surge

Nov 11, 2024 at 03:57 am

The crypto market is experiencing a bullish surge, with the total market capitalization reaching $2.76 trillion. Bitcoin, in particular, has been a standout performer, recently surging past $80,000 for the first time. This rally is driven by President-elect Donald Trump’s endorsement of digital assets and the expectation of a pro-crypto Congress.

Bitcoin Cash (BCH), Ronin (RON), Aptos (APT), and Theta Network (THETA) Lead Today's Crypto Market Surge

The crypto market is experiencing a bullish surge, with the total market capitalization reaching $2.76 trillion. Bitcoin, in particular, has been a standout performer, recently surging past $80,000 for the first time. This rally is driven by President-elect Donald Trump’s endorsement of digital assets and the expectation of a pro-crypto Congress. As a result, market sentiment is positive, with 95% of cryptocurrencies seeing gains in the last 24 hours. Today, Bitcoin Cash, Ronin, Aptos, and Theta Network are among the top gainers, showcasing strong growth and attracting significant investor interest.

Biggest Crypto Gainers Today – Top List

Bitcoin Cash (BCH) is leading today’s surge with a notable 15.77% increase, trading at $429.13. Ronin (RON) follows closely with a 12.44% jump, reaching $1.59. Aptos (APT) saw a significant 11.51% rise, bringing its value to $10.75, while Theta Network (THETA) rounds out the list with an 11.35% gain, now priced at $1.35. These strong gains signal prime investment opportunities among the top crypto gainers.

1. Bitcoin Cash (BCH)

Leading the pack among today’s top crypto gainers, Bitcoin Cash has soared 15.77% in the past 24 hours, now trading at $429.13. Known for its larger block size, BCH processes transactions faster and at lower fees, making it an appealing option for those seeking efficient, low-cost digital cash. With strong liquidity supported by a 0.1322 market cap-to-volume ratio, BCH is seeing heightened activity as investors show renewed interest.

Bitcoin Cash offers broad utility. In addition to peer-to-peer payments, it’s usable at merchants, enables micro-transactions like tipping, and even supports smart contracts and tokens. This extensive functionality, paired with low fees, opens new economic possibilities, especially for small-scale transactions and cross-border payments.

Technically, BCH appears stable. It’s neutral on the 14-day Relative Strength Index at 34.08, suggesting it might continue trading sideways. With 47% of green days in the last month and volatility at a moderate 4%, BCH has shown consistent growth momentum.

Long-term trends further strengthen its appeal. BCH is trading 61.22% above its 200-day simple moving average and has surged 81% in the past year, surpassing 57% of top crypto assets. These indicators position BCH as a strong candidate for investors looking for growth and versatility in the crypto market.

2. Ronin (RON)

As the second top gainer today, Ronin is drawing attention with a 12.44% price surge, currently trading at $1.59. Built as an Ethereum-compatible blockchain, Ronin is specifically optimized for gaming, boasting rapid transactions and low fees, making it ideal for in-game activities. This efficiency has earned it a top spot in Web3 gaming, attracting both users and developers in the space.

 

Backed by Sky Mavis, creators of Axie Infinity, Ronin’s ecosystem benefits from extensive gaming experience and industry insights. Sky Mavis provides advisory support and grants for games on the network, fostering a supportive environment for projects to thrive. This backing strengthens Ronin’s appeal as a secure, scalable solution for the future of Web3 gaming.

Ronin’s technical indicators are also notable. Its 14-day RSI of 71.32 indicates an overbought status that may lead to a short-term pullback. Still, it has held steady growth, seeing gains on 50% of trading days in the past month and maintaining low volatility at 7%.

Long-term performance also impresses, with RON trading over 105% above its 200-day SMA and up 101% over the past year. These stats position Ronin as a compelling choice for investors interested in the intersection of gaming and blockchain.

3. Pepe Unchained (PEPU)

Pepe Unchained has taken the meme coin market by storm, reaching over $26 million in its presale faster than anyone anticipated. This strong presale performance positions PEPU for further growth, with its appealing staking options and structured tokenomics paving the way for a prosperous future. Investors are clearly taking notice, with millions raised to support the project’s ambitious layer two blockchains.

One of the unique features driving interest in $PEPU is its staking options, offering a high annual percentage yield (APY) of 95%. This attractive rate

News source:insidebitcoins.com

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