Top Trending Crypto Coins on DEXTools

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The crypto market capitalization dipped again on Wednesday after the decline seen on Tuesday. The market is down by 1.95%, while the capitalization is valued at $1.39 trillion. The immediate cause of this downward fluctuation is unknown, but traders seek further impetus to resume heavy trading.

DEXTools, as usual, trumps several crypto asset categories. The top-trending coins are inconsistent in tandem with the broader crypto market. Nevertheless, their status as top-trending cryptocurrencies remains unchanged.

Global stocks steadied around three-month highs on Wednesday. At the same time, the dollar gained support as investors moderated their earlier optimism regarding the imminent commencement of a series of U.S. interest rate reductions.

The MSCI All-World index (.MIWD00000PUS) slid 0.1%, marking its second consecutive day of decline following a drop in Wall Street’s performance. This downtrend followed the release of minutes from the Federal Reserve’s latest meeting, which offered little fresh insight into policymakers’ stance on interest rates.

The S&P 500 (.SPX) halted a five-day winning streak, declining 0.2% in the previous session. Despite chipmaker Nvidia (NVDA.O) reporting robust revenue that surpassed Wall Street estimates after the market close, its shares dipped 1.7% due to a subdued outlook for sales in China.

Nasdaq futures slumped 0.3% during European trading, while S&P 500 futures only marginally decreased by 0.1%. Anticipated light trading volumes loom over the remainder of the week owing to Thursday’s Thanksgiving holiday in the United States.

The released Fed minutes highlighted policymakers’ commitment to “proceed carefully” from this point onward. Traders did not view this as groundbreaking information, as the minutes failed to confirm whether policymakers had abandoned the possibility of additional rate hikes.

1. Beam (BEAM)

Crypto analysts observed BEAM‘s price surge by 11% within the last 24 hours, followed by a significant downturn. Despite this, the market anticipates a potential upward movement for BEAM, citing the formation of a head and shoulders pattern on the technical chart.

Based on their technical analysis, analysts emphasized the likelihood of a notable price shift for Beam. Specifically, they pointed out the formation of a head and shoulders pattern, typically indicating an impending market decline from a technical standpoint.

The analysts predicted a descent in the Beam price from its $0.0093 level two days ago to their projected target of $0.0083 within 3-4 hours. It currently sells at $0.008520. They advised traders to “go short and generate profits swiftly,” and they aimed to leverage the anticipated price decline.

The analyst’s forecast represents a substantial decrease from initial levels. Encouraging traders to take a short position, they highlighted the potential to generate profits swiftly.

BEAM is the primary cryptocurrency within the Beam gaming ecosystem, governed by the Merit Circle decentralized autonomous organization (DAO). It endeavors to unite developers and gamers in shaping the future landscape of blockchain gaming.

Always appreciate community members diving deep into what we are building 🛠️

A nice and thorough thread on the Merit Circle DAO and @BuildOnBeam https://t.co/Yd5BBUs9Sq

— Merit Circle (@MeritCircle_IO) November 21, 2023

The BEAM token serves various roles within the network, including acting as a gas token for transaction payments and interactions with smart contracts. Additionally, BEAM holders wield governance authority over the Merit Circle DAO.

The analyst’s BEAM price prognosis coincides with the escalating excitement surrounding blockchain gaming. Despite the price volatility, BEAM remains a top-trending cryptocurrency that can be trusted to recover always.

2. MAGA (TRUMP)

The MAGA (TRUMP) token experienced an extraordinary surge in value today, with its price soaring to $0.502271. Over the past 24 hours, the token witnessed a remarkable 82.25% surge and an exceptional 189.75% increase over the last seven days. Despite these dramatic gains, data regarding MAGA’s market capitalization remains available due to unreported circulating token supply.

The all-time high for MAGA (TRUMP) stands at $0.506043, recorded very recently on Nov 22, 2023, marking a marginal difference of 0.00% from the current price. Conversely, the all-time low for the token is $0.01135796, noted around a month ago on Oct 14, 2023, indicating an astonishing 4,355.40% surge from its lowest point to the current value.

Comparatively, MAGA (TRUMP) has exhibited outstanding performance among Ethereum Ecosystem cryptocurrencies, showcasing a striking 189.10% surge in the last seven days. This impressive growth has significantly outperformed the broader global cryptocurrency market, which experienced a decline of 3.20% during the same period. Furthermore, the community sentiment surrounding MAGA remains bullish, with more than 69% of users expressing positive sentiments about the token today.

$TRUMP is already leading in the polls and betting markets it was only a matter of time. pic.twitter.com/SzhxZ20Zcd

— MAGA Memecoin (@MAGAMemecoin) November 22, 2023

The substantial surge in MAGA’s value amidst recent trading volatility has drawn attention within the crypto sphere. It has remained on DEXTools’ chart for several days as a top-trending cryptocurrency.

3. Gorilla (GORILLA)

The Gorilla Token has recently emerged as a distinguished crypto project, offering a diverse range of features tailored to meet the multifaceted demands of the crypto community. This ERC20 token, operating on the Ethereum blockchain, stands out by delivering unique functionalities and prioritizing security in a crowded field of offerings.

Gorilla Token introduces its IDO Launchpad, Gorilla Pad, aimed at transforming how token projects initiate their presales. What sets Gorilla Pad apart is its zero upfront fee policy, a beneficial aspect for burgeoning projects. Equipped with essential tools like whitelists, vesting, claims, refunds, and LP locking, this platform streamlines the presale process. The dedicated Gorilla team also ensures trust and security through comprehensive doxxing, KYC procedures, and rigorous audits.

Alongside these attributes, Gorilla Pad features an affiliate program to enhance sales. The economic model involves a modest 5% tax on sales, with half reinvested in the $GORILLA ecosystem for buybacks, liquidity, CEXs, and marketing, fostering growth and bolstering the stability of the core token.

Gorilla Token ventures into cross-chain trading with Gorilla Swap, a platform facilitating seamless trading across various blockchains. This platform offers a unique stop-loss limit feature, simplifying trading for users. Furthermore, the integration of cutting-edge AI technology enables users to mirror the strategies of top traders across different blockchains. Gorilla Swap ensures a smooth transition between chains, eradicating common challenges associated with chain switching.

https://twitter.com/gorillatokenio/status/1727252170012274827?s=20

The platform’s tokenomics prioritize user trust by imposing a nominal % tax fee of 0.5%, ensuring affordability. The token also emphasizes security through a renounced contract and locked liquidity pools. These measures are fundamental in fostering investor confidence and ensuring token ecosystem stability.

The roadmap of Gorilla Token outlines strategic steps such as fair launching, listings on major crypto platforms, and extensive marketing campaigns across YouTube and Twitter. The roadmap also underscores the development of the IDO launchpad, Gorilla Swap, and a focus on NFTs, portraying Gorilla Token’s aspirations to broaden its presence in the crypto landscape.

What Might Be The Next Top Trending Crypto?

Wall Street Memes, emerging from the chaos of Reddit-driven stock market upheavals, transcends being merely a coin; it embodies a statement against the established financial titans. With a streak of rebellion, it resonates with those seeking investments that reflect their identity.

Wall Street Memes isn’t solely focused on profiting swiftly; it’s about making a statement. This cryptocurrency leverages the strength of community-driven finance, akin to the renowned Reddit stock market surges.

Blending finance with meme culture disrupts conventional investment norms. WSM presents a distinct amalgamation of humor, defiance, and potential financial growth, positioning itself as one of the alternative coins for enthusiasts appreciating a blend of satire and severe investment opportunities.

How to Prepare for Black Friday: A Shopper’s Guide to Survivalhttps://t.co/0HD5lREx4G

— Wall Street Memes (@wallstmemes) November 21, 2023

Wall Street Memes (WSM) is priced at $0.01949427, experiencing a 5.87% price decline in the last 24 hours and a 16.82% decrease in the past seven days as a result of the broader market volatility. With a circulating supply of 1.8 billion WSM tokens, the market capitalization of Wall Street Memes stands at $35.35 million. It remains a top-trending cryptocurrency, nevertheless.