Ethereum

Aragon

Loopring

Arbitrum

Ethereum Name Service

As the US inches closer to the possibility of approving Ether ETFs, the crypto market is buzzing with potential. This development mirrors the earlier approval of Bitcoin ETFs, which propelled Bitcoin to record highs. Traders are shifting strategies, anticipating significant growth in Ether and related assets.
In line with this, <a href="https://finance.yahoo.com/news/ether-jumps-lead-crypto-rally-195506912.html" rel="noopener noreferrer nofollow">Ether surged nearly 14%</a> on Monday, reaching $3,675 by Tuesday morning. Bitcoin wasn’t left out, soaring to an impressive $72,000, just shy of its March all-time high of $74,000. Bloomberg analysts have now raised the expected probability of the SEC approval to 75% from 25%. All eyes are on the SEC’s decision on a spot-Ether ETF, expected by May 23.&nbsp;
<h2 id="b-biggest-crypto-gainers-today-top-list-b">Biggest Crypto Gainers Today – Top List</h2>
With the surge in ether, it is no surprise that a significant portion of the 92% of cryptocurrencies exhibiting value appreciation in the past 24 hours are Ethereum-based tokens. Among these notable performers are Ethereum Name Service, Arbitrum, Aragon, and Loopring—tokens we’ve termed <a href="https://insidebitcoins.com/news/top-crypto-gainers-today-may-20-pendle-livepeer-fasttoken-arcblock" rel="noopener noreferrer nofollow">top gainers</a> for today.&nbsp;
ENS surged by 41.62%, ARB by 18.03%, ANT by 17.34%, and LRC by 15.59% in the last 24 hours. However, beyond mere numerical growth, their innovative projects allure discerning investors. This highlights a convergence of visionary concepts and market traction.
<h3 id="b-1-b-b-ethereum-name-service-ens-b">1. Ethereum Name Service (ENS)</h3>
Ethereum Name Service is a distributed naming system on the Ethereum blockchain. It converts human-readable addresses like ethan.eth into machine-readable codes used in wallets like Metamask. It also supports reverse conversion, linking metadata and machine-readable addresses with human-readable ones.
ENS simplifies blockchain usage by making Ethereum-based web addresses easier to access, akin to how DNS makes the internet more user-friendly. It employs a hierarchical domain structure, giving domain owners full control over their subdomains. ENS is the first service to transfer DNS functionality to the decentralized Web3.
<img decoding="async" class="aligncenter size-full wp-image-523827" src="https://insidebitcoins.com/wp-content/uploads/2024/05/ENS-Price-Chart.png" alt="ENS Price Chart" width="584" height="216" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/ENS-Price-Chart.png 584w, https://insidebitcoins.com/wp-content/uploads/2024/05/ENS-Price-Chart-300x111.png 300w" sizes="(max-width: 584px) 100vw, 584px">
ENS runs on Ethereum, secured by a proof-of-work consensus mechanism and over 10,000 decentralized nodes. This decentralization prevents hacking and ensures robust security. ENS has partnerships with wallets like Coinbase Wallet and Trust Wallet, enhancing its utility.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Big news, ENS family!
 We're thrilled to announce <a href="https://twitter.com/ensdomains?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ensdomains</a> is partnering with <a href="https://twitter.com/garypalmerjr?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@garypalmerjr</a> as a community advocate for a series of ENS Water Cooler Spaces!
 — ens.eth (@ensdomains) <a href="https://twitter.com/ensdomains/status/1790841954768703927?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 15, 2024</a>
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ENS trades at $20.59, up 41.62% in the last 24 hours. Over the past year, its price has surged by 105%. It trades 128.00% above its 200-day SMA of $8.99. However, the 14-day RSI is at 40.88, indicating neutral sentiment. In the last 30 days, 12 were positive, making up 40%, with 30-day volatility at 5%. ENS boasts remarkable liquidity, with a volume-to-market cap ratio of 0.7931, reflecting its robust trading activity.
<h3 id="b-2-b-b-arbitrum-arb-b">2. Arbitrum (ARB)</h3>
Arbitrum is an Ethereum layer-two (L2) scaling solution that uses optimistic rollups to improve Ethereum’s speed, scalability, and cost-efficiency. It leverages Ethereum’s security while offering higher throughput and lower fees by moving most computation and storage off-chain. ARB, the native token, facilitates governance, enabling holders to vote on protocol changes, fund allocation, and Security Council elections.
<img decoding="async" class="aligncenter size-full wp-image-523830" src="https://insidebitcoins.com/wp-content/uploads/2024/05/ARB-Price-Chart.png" alt="ARB Price Chart" width="584" height="214" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/ARB-Price-Chart.png 584w, https://insidebitcoins.com/wp-content/uploads/2024/05/ARB-Price-Chart-300x110.png 300w" sizes="(max-width: 584px) 100vw, 584px">
Arbitrum supports unmodified EVM contracts, enabling existing Ethereum DApps to run without code changes. It handles thousands of transactions per second with low fees and fast finality while maintaining Ethereum’s security.&nbsp;
In a unique approach, a decentralized network of validators actively stakes ARB tokens, securing the network and empowering token holders by distributing fees. This innovative system eliminates reliance on a centralized operator, fostering a democratic and resilient ecosystem. The ecosystem includes protocols like GMX, Treasure, Camelot, and Radiant Capital.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 This week in <a href="https://twitter.com/hashtag/ArbitrumDAO?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ArbitrumDAO</a> 🔵🟠
 From tracking ongoing initiatives, reviewing new proposals, and addressing raised concerns.
 Let's dive into the latest DAO news with our thread!
 🧵 1/7 <a href="https://t.co/UUPKVuXhbN" rel="noopener noreferrer nofollow">pic.twitter.com/UUPKVuXhbN</a>
 — ANDAO (💙,🧡) 🦇🔊 (@ArbitrumNewsDAO) <a href="https://twitter.com/ArbitrumNewsDAO/status/1791312289905442850?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 17, 2024</a>
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The current price of ARB sits at $1.149316, reflecting an impressive 18.03% surge over the past 24 hours. The preceding year has seen a modest 3% rise, trading at a noteworthy 10.70% above the 200-day SMA of $1.03856.&nbsp;
With a 14-day RSI of 71.26, ARB shows signs of overbought conditions. In the past 30 days, it had 11 green days, coupled with a 6% 30-day volatility. Additionally, boasting high liquidity, it maintains a robust 0.4348 volume-to-market cap ratio, indicating sustained investor interest.
<h3 id="b-3-b-b-dogeverse-dogeverse-b">3. Dogeverse (DOGEVERSE)</h3>
With over $15 million raised, <a href="https://insidebitcoins.com/visit/dogeverse" rel="noopener noreferrer nofollow">Dogeverse</a> stands out for its remarkably successful meme coin presale in 2024. Investors still have the opportunity to join the presale and purchase DOGEVERSE using various cryptocurrencies like ETH, USDT, BNB, and more. As the ICO approaches its end, Dogeverse is prepared with an innovative strategy.&nbsp;
<iframe title="Dogeverse 100X Potential Meme Coin Launching Soon - Best Crypto to Buy Now?!" width="640" height="360" src="https://www.youtube.com/embed/gWzor3FxbvI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
Dogeverse’s deployment strategy is meticulously planned, starting with its launch on Ethereum for its wide adoption and high security. Utilizing Wormhole and Portal Bridge technologies, the project aims to simultaneously extend DOGEVERSE tokens across Ethereum, Polygon, Solana, Avalanche, Base, and BNB Chain. This strategic rollout enables presale buyers to claim tokens directly on their preferred blockchain. It enhances user-friendliness and fosters inclusivity within the community.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Why limit to one when you can have it all? $DOGEVERSE begins on the secure <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> network, ensuring robust security and reliability. 🛡️💻
 🔥 Bridging gaps between <a href="https://twitter.com/hashtag/Cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cryptocurrency</a> ecosystems, we enhance liquidity, utility, and fun across the entire <a href="https://twitter.com/hashtag/Cryptoverse?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cryptoverse</a>! 🎉<a href="https://twitter.com/hashtag/AltSeason?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#AltSeason</a> <a href="https://t.co/zOg8albhry" rel="noopener noreferrer nofollow">pic.twitter.com/zOg8albhry</a>
 — DogeVerse (@The_DogeVerse) <a href="https://twitter.com/The_DogeVerse/status/1786380274797814267?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 3, 2024</a>
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The advantages of this deployment strategy are multifaceted. It offers seamless interoperability and smooth and secure experiences through innovative technologies. Additionally, it allows users to choose their preferred blockchain for token claims. By providing inclusive accessibility and empowering users to engage with <a href="https://insidebitcoins.com/visit/dogeverse" rel="noopener noreferrer nofollow">DOGEVERSE</a> on their chosen chain, the project exemplifies a true multichain spirit.
<a href="https://insidebitcoins.com/visit/dogeverse" rel="noopener noreferrer nofollow">Visit Dogeverse Presale</a>
<h3 id="b-4-b-b-aragon-ant-b">4. Aragon (ANT)</h3>
Our next gainer, Aragon, builds secure tools for launching and managing Decentralized Autonomous Organizations (DAOs). As an Ethereum-based dApp, it empowers crypto communities to unite based on shared beliefs, values, and resources. Started by the Aragon Foundation, this open-source project aims to accelerate corporate adoption of blockchain technology. The network’s native ANT token facilitates governance within the ecosystem.
<img decoding="async" class="aligncenter size-full wp-image-523833" src="https://insidebitcoins.com/wp-content/uploads/2024/05/ANT-Price-Chart.png" alt="ANT Price Chart" width="584" height="217" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/ANT-Price-Chart.png 584w, https://insidebitcoins.com/wp-content/uploads/2024/05/ANT-Price-Chart-300x111.png 300w" sizes="(max-width: 584px) 100vw, 584px">
Aragon operates as a community-run DAO, where members vote on protocol changes. The network’s open-source tools ease corporate blockchain adoption. Its dApp integrates features like accounting and governance, providing a sense of identity for companies. It encourages long-term value creation by fostering communities with similar goals. Users can customize pre-made DAO components to fit their needs.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 This week at Aragon:
 – How to create protocol-owned liquidity using the Aragon App – Grow your DAO/multisig treasury by swapping on <a href="https://twitter.com/JumperExchange?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@JumperExchange</a> and earning yield from <a href="https://twitter.com/ethena_labs?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ethena_labs</a> – Hiring for a Senior Front End Engineer
 Read more: <a href="https://t.co/M1c4SIXEa8" rel="noopener noreferrer nofollow">https://t.co/M1c4SIXEa8</a> <a href="https://t.co/p6uiddqRUn" rel="noopener noreferrer nofollow">pic.twitter.com/p6uiddqRUn</a>
 — Aragon 🦅 (@AragonProject) <a href="https://twitter.com/AragonProject/status/1791499243343200299?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 17, 2024</a>
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ANT’s current price is an impressive $9.28, marking a 17.34% surge in just the last 24 hours. Over the past year, its value skyrocketed by 169%, now trading 50.09% above the 200-day SMA of $6.20. The 14-day RSI sits at 44.76, indicating neutral momentum, suggesting stability.&nbsp;
In the past 30 days, Aragon enjoyed 16 positive trading days 53% of the time. Its 30-day volatility is a low 4%, reflecting steady performance. The market cap is $401.96M, with a 24-hour volume of $11.09M, indicating medium liquidity. This shows ANT is a stable and growing investment with strong short-term momentum, consistent performance, and balanced risk.
<h3 id="b-5-loopring-lrc-b">5. Loopring (LRC)</h3>
Loopring is a pioneering Ethereum-based token powering an open protocol for decentralized crypto exchanges. It tackles the pitfalls of centralized exchanges, including custodial risks and transparency issues. It does this by introducing a hybrid model blending elements of both centralized and decentralized exchanges.
It transforms trading by centralizing order management while executing trades directly on the blockchain. Unlike traditional decentralized exchanges, Loopring combines multiple orders into circular trades. This breaks the limitations of one-to-one trading pairs. This approach not only enhances the efficiency of order execution but also significantly improves liquidity.&nbsp;
<img decoding="async" class="aligncenter size-full wp-image-523835" src="https://insidebitcoins.com/wp-content/uploads/2024/05/LRC-Price-Chart.png" alt="LRC Price Chart" width="584" height="217" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/LRC-Price-Chart.png 584w, https://insidebitcoins.com/wp-content/uploads/2024/05/LRC-Price-Chart-300x111.png 300w" sizes="(max-width: 584px) 100vw, 584px">
However, how does Loopring ensure robust security across its network? The protocol operates on Ethereum and Neo blockchains, using their respective hash functions for security. It also plans to integrate the Qtum blockchain, expanding its network and enhancing security.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We're extremely excited to announce the launch of Loopring Portal💙
 A CEX-like trading experience with leverage + tokens not available elsewhere on Ethereum is now ported to your fingertips
 Trade <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>, <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a>, <a href="https://twitter.com/search?q=%24ORDI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ORDI</a>, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> + more, with CEX liquidity, direct from self-custody🔥 <a href="https://t.co/NbHO0tpFL2" rel="noopener noreferrer nofollow">pic.twitter.com/NbHO0tpFL2</a>
 — Loopring💙 (@loopringorg) <a href="https://twitter.com/loopringorg/status/1780587810447032395?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 17, 2024</a>
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LRC’s price today is $0.291097, with a 15.59% surge in the last 24 hours. Over the past year, it increased by 1%, trading 8.52% above the 200-day SMA of $0.268775. With a 14-day RSI of 49.93, its momentum stands at a crossroads, neither tipping towards overbought nor oversold territory. Among the last 30 days, 12 were positive, displaying a low volatility of 4%. Its market cap is $398.68M, with a substantial 24-hour trading volume of $53.01M, indicating high liquidity.
<h2 id="b-read-more-b">Read More</h2>
<ul>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/top-crypto-gainers-today-may-20-pendle-livepeer-fasttoken-arcblock" rel="noopener noreferrer nofollow">Biggest Crypto Gainers</a></li>
</ul>

Top Crypto Gainers Today May 21 – Ethereum Name Service, Arbitrum, Aragon, Loopring

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Inside Bitcoins

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