Top Crypto Gainers Today May 07 – Tellor, Injective, KuCoin Token, Solana

In
the
ever-changing
crypto
market,
staying
updated
with
daily
news
is
crucial.
Today,
the
industry
is
increasingly
prioritizing
improving
the
user
experience
of
crypto
wallets
to
drive
broader
blockchain
technology
adoption.
In
light
of
this,
Ethereum
developers
are
gearing
up
for
the
upcoming
hard
fork,


Pectra.
They
have
been
actively
discussing
Ethereum
Improvement
Proposals
(EIPs)
to
refine
the
platform. 

This
proposal
promises
significant
improvements.
Particularly
for
externally
owned
accounts
(EOAs),
the
most
prevalent
type
of
wallet
on
Ethereum.
Among
these,
EIP-3074
stands
out,
aiming
to
streamline
wallet
usability
on
the
blockchain.
It
also
allows
batched
transactions
and
third-party
fee
sponsorship.
Now,
let’s
move
to
today’s
topic
on
outstanding
gainers
in
the
market.

Biggest
Crypto
Gainers
Today
–
Top
List

Today’s


top
crypto
gainers,
Tellor,
Injective,
KuCoin
Token,
and
Solana
have
surged
in
price.
Before
going
into
the
in-depth
analysis
of
these
tokens,
let’s
take
a
sneak
peek
at
their
price
growth
in
the
last
24
hours
and
one
year.
Tellor
rose
by
9.89%
in
the
previous
24
hours
and
732%
over
the
past
year.

Meanwhile,
Injective
saw
a
0.80%
increase
in
the
last
24
hours
and
a
significant
251%
increase
over
the
past
year.
Also,
KuCoin
Token
had
a
modest
0.35%
increase
in
the
previous
24
hours
and
a
36%
increase
in
the
past
year.
Moreover,
Solana
witnessed
a
substantial
614%
price
increase
over
the
past
year,
with
a
recent
rise
of
3.39%
in
the
last
24
hours.
Given
this
remarkable
growth,
let’s
delve
into
the
specifics.

1.

Tellor
(TRB)

Tellor
is
a
decentralized
oracle
protocol
that
fuels
blockchain
infrastructure,
delivering
crucial
off-chain
data
to
on-chain
smart
contracts.
It
is
out
to
shape
decentralized
finance
and
enable
seamless
integration
of
real-world
data
into
blockchain
applications.
Its
security
hinges
on
its
governance
contract,
employing
a
straightforward
dispute
mechanism
to
ensure
community
consensus
on
reported
data.

Tellor’s
oracle
incentivizes
data
reporters,
ensuring
valid
on-chain
data
while
disincentivizing
inaccuracies
through
disputes
and
slashing.
This
permissionless
model
fosters
flexibility
and
robustness
and
is
adaptable
to
various
blockchain
applications.
Reporters
compete
for
TRB
incentives
to
supply
data,
ensuring
permissionless
access
for
DeFi
applications.
Unique
to
Tellor,
becoming
a
reporter
requires
no
verification,
allowing
global
participation
with
open-source
software.

????
more
on
tellor
fundamentals
here:https://t.co/nNayjU8Wc8

pic.twitter.com/z9Iwv4Cwtm

—
Tellor
(@WeAreTellor)

May
3,
2024

Now,
let
us
examine
the
price
performance
of
this
gainer
in
the
market
today.
TRB
has
been
on
a
meteoric
rise,
surging
by
9.89%
in
the
last
24
hours
and
an
astounding
732%
over
the
past
year.
It
is
trading
at
86.70%
above
the
200-day
SMA
at
$53.52;
no
doubt
this
coin
is
riding
high.
However,
caution
is
warranted
as
its
14-day
RSI
is
72.72,
indicating
overbought
conditions.
Nonetheless,
with
57%
positive
trading
days
in
the
last
30
days
and
a
moderate
30-day
volatility
of
22%,
Tellor
demonstrates
potential.
Moreover,
its
impressive
liquidity
is
underscored
by
a
volume-to-market
cap
ratio
of
7.4112,
reflecting
investor
confidence
and
robust
market
activity.

2.

Injective
(INJ)

Injective
is
a
blockchain
dedicated
to
finance,
serving
as
an
open,
interoperable
layer-one
blockchain
for
next-generation
DeFi
applications.
Its
features
include
decentralized
spot
and
derivatives
exchanges,
prediction
markets,
and
lending
protocols.
INJ
stands
out
with
its
entirely
decentralized,
MEV-resistant
on-chain
order
book.
It
supports
various
financial
markets
like
spot,
perpetual,
futures,
and
options.
Moreover,
it
offers
advanced
interchain
capabilities
that
are
compatible
with
Ethereum,
IBC-enabled
blockchains,
and
non-EVM
chains
such
as
Solana.

Injective
recently
made
headlines
by
announcing
a
groundbreaking
partnership
with
AltLayer.
Together,
they’re
rolling
out
a
cutting-edge
restaking
security
framework
tailored
for
on-chain
inEVM
applications.
This
collaboration
enhances
the
finality
of
rollups,
providing
advantages
to
applications
operating
through
inEVM.
AltLayer’s
MACH
solution
implements
restaking-based
security
measures.
It
not
only
safeguards
users
from
malicious
activities
but
also
facilitates
transaction
recall.

Injective’s
ecosystem
is
growing
at
a
tremendous
speed!

More
and
more
dApps
are
coming
together
to
build
the
future
of
finance
????

https://t.co/33ul1bKA4D

—
Injective
????
(@injective)

May
6,
2024

Considering
recent
developments,
INJ’s
performance
metrics
indicate
a
positive
trajectory.
Currently
priced
at
$24.86,
INJ
has
seen
a
0.80%
increase
in
the
last
24
hours
and
a
significant
251%
increase
over
the
past
year.
Trading
125.78%
above
its
200-day
SMA,
INJ
shows
signs
of
strength,
although
its
14-day
RSI
suggests
it
may
be
overbought.
Despite
this,
with
47%
of
the
last
30
days
being
positive
and
a
30-day
volatility
of
13%,
INJ
demonstrates
resilience
and
stability.

3.

5th
Scape
(5SCAPE)

5th
Scape
is
a
unique
online
VR
gaming
platform
poised
to
redefine
user
experiences
within
virtual
environments
through
its
fusion
of
innovation
and
entertainment.
Recent
data
shows
a
steady
rise
in
VR
gaming,
placing
the
project
at
the
industry
forefront.
Thus,
5th
Scape
is
a
prime
candidate
for
explosive
growth.
Put
simply,
5th
Scape
aims
to
serve
as
the
entry
point
into
this
decade’s
anticipated
virtual
reality
revolution.

Distinguishing
itself,
5th
Scape
specializes
majorly
in
crafting
hyper-realistic
virtual
environments,
reshaping
the
gaming
experience.
Its
lineup
boasts
adrenaline-pumping
battles,
immersive
sports,
precision
archery,
high-speed
racing,
and
more,
promising
something
for
every
gamer’s
taste.
For
instance,
Cage
Conquest
offers
dynamic
combat
and
strategic
training,
while
Thrust
Hunter
delivers
heart-pounding
global
multiplayer
races.

????
Calling
all
VR
and
MMA
aficionados!
Get
ready
to
be
blown
away
as
5thScape
is
about
to
redefine
virtual
combat
with “MMA
Cage
Conquest”
–
a
game
that
thrusts
you
into
the
heart-pounding
world
of
MMA
in
VR.
????

????
Brace
yourselves
for
the “MMA
Cage
Conquest”
launch
on
the
Meta…

pic.twitter.com/MHbKgKHIxb

—
5th
Scape
(@5th_scape)

May
3,
2024

5th
Scape’s
strategy
involves
financing
its
development
through
its
native
cryptocurrency,
5SCAPE.
This
shows
its
commitment
to
pushing
the
boundaries
of
virtual
reality
gaming.
With
$5.8
million
already
raised,
there’s
an
opportunity
for
investors
to
participate
and
support
the
project’s
growth.
At
$0.00327,
buying
5SCAPE
tokens
offers
the
potential
for
substantial
gains.
Its
projected
listing
price
of
$0.01
amplifies
the
investment
opportunity.
As
the
token
integrates
into
5th
Scape’s
VR
ecosystem,
it
promises
rewards,
features,
and
upgrades.

Visit
5th
Scape
Presale

4.

KuCoin
Token
(KCS)

KuCoin
Token
serves
as
the
native
token
for
KuCoin,
which
was
established
in
2017.
It
is
a
profit-sharing
asset,
allowing
traders
to
derive
value
from
the
exchange.
Initially
an
ERC-20
token
on
Ethereum,
KCS
boasts
a
total
supply
of
200
million,
with
plans
for
a
buyback
to
reduce
this
to
100
million.
KuCoin
aims
to
elevate
KCS
beyond
a
mere
token,
intending
it
as
the
cornerstone
of
its
ecosystem
and
governance.

https://twitter.com/kucoincom/status/1787708944854774190

KCS
offers
various
use
cases
within
the
KuCoin
ecosystem.
Users
holding
more
than
6
KCS
receive
daily
dividends
from
trading
fees
while
also
enjoying
discounts
of
up
to
80%
on
trading
fees.
Moreover,
KCS
enables
participation
in
token
sales
and
serves
diverse
roles
within
the
KuCoin
ecosystem,
such
as
granting
VIP
status
and
facilitating
payments.
KuCoin
ensures
project
security
through
encryption
protocols.
These
protocols
safeguard
user
privacy
and
transaction
stability
with
a
robust
architectural
system.

????
Today’s
top

#crypto
news
on

#KuCoinMarketWatch
⤵️

????
SEC
delays
decision
on
Invesco
Galaxy
spot

#EthereumETF

????
US
crypto
super
PACs
raise
over
$100M
for
upcoming
congressional
elections

????
Hong
Kong’s
six
spot

$BTC
and

$ETH
ETFs
trade
about
HK$60.41M

More
key
news
⤵️

—
KuCoin
(@kucoincom)

May
7,
2024

For
investors,
KCS
presents
a
mixed
performance
outlook.
The
current
price
of
KCS
stands
at
$10.53,
with
a
modest
increase
of
0.35%
in
the
last
24
hours.
It
has
witnessed
a
36%
increase
in
the
past
year
and
trades
above
its
200-day
SMA.
However,
its
14-day
RSI,
currently
at
55.68,
indicates
a
state
of
neutrality,
suggesting
potential
sideways
movement.
Also,
its
low
volatility
and
liquidity
may
deter
investors
seeking
higher-risk,
higher-reward
opportunities. 

5.
Solana
(SOL)

Solana
is
a
blockchain
project
renowned
for
its
focus
on
decentralized
finance
(DeFi)
solutions.
It
leverages
blockchain’s
permissionless
nature
to
facilitate
the
creation
of
decentralized
applications
(DApps).
Solana
stands
out
due
to
its
innovative
proof-of-history
(PoH)
consensus,
enhancing
scalability
and
usability.
Developed
by
Anatoly
Yakovenko,
PoH
records
operations
and
timestamps,
enabling
lightning-fast
processing
times.

This
hybrid
consensus
model,
combining
PoH
with
proof-of-stake
(PoS),
ensures
the
security
of
the
Solana
network.
PoS
validates
blocks
produced
by
PoH,
maintaining
the
trustless
nature
of
the
blockchain.
Solana
caters
to
both
small
traders
and
institutions,
promising
low
transaction
costs
and
scalability
without
surprises.
Its
speed
and
performance
have
drawn
comparisons
to
Ethereum,
positioning
it
as
a
formidable
competitor
in
the
smart
contract
space.

https://t.co/4kiYPG8nnf

—
Solana
(@solana)

May
6,
2024

Over
the
past
year,
SOL
has
witnessed
a
substantial
price
increase
of
614%,
showcasing
its
remarkable
growth
trajectory.
It
is
currently
trading
at
$154.19,
sitting
35.65%
above
its
200-day
simple
moving
average
of
$113.68.
Despite
recent
gains
of
3.39%
in
the
last
24
hours,
the
cryptocurrency’s
14-day
RSI
stands
at
52.98,
signalling
potential
for
sideways
movement.
Its
volatility
remains
relatively
low
at
10%
over
the
past
30
days,
indicating
stability
amidst
market
fluctuations.
SOL
offers
high
liquidity,
with
a
volume-to-market
cap
ratio
of
0.1056.
Its
market
cap
is
$69.08B,
with
a
24-hour
trading
volume
of
$7.29B,
appealing
to
investors
seeking
stability
and
growth
in
cryptocurrencies.

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