Top Trending Crypto Coins on DEXTools

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While this year is ending positively, crypto investors brace for pivotal determinants shaping their strategies in the coming year. Central bank interest rate movements and the impending U.S. regulatory verdict on new Bitcoin products influence their decisions.

This year saw a resilient crypto recovery following the tumultuous events of 2022. Amidst market turbulence and a series of scandals, including the collapse of FTX and legal issues involving its CEO, Sam Bankman-Fried, industry credibility faced severe challenges.

Bitcoin, serving as the primary market indicator, showcased a remarkable rally, doubling in value and hitting a 20-month peak of $42,000 per token in November. With 2023 marking its most prosperous year since 2020 in percentage gains, Bitcoin’s performance garnered substantial attention.

However, recent market movements painted a mixed picture. Bitcoin experienced a notable intraday decline of up to 7.5% on Monday, its most substantial since August 18. While it slightly recovered to trade 3.3% lower at $42,383, the broader market echoed this downturn, with major cryptocurrencies facing declines, evident in a significant slide across an index encompassing the top 100 digital assets, marking the most substantial drop since November 22.

Critical insights into the current state of the market reflect a global crypto market cap of $1.58 trillion, witnessing a 3.03% decrease over the last day.

Contrastingly, the total crypto market volume in the past 24 hours surged to $74.02 billion, signifying a remarkable 43.98% increase. Within this volume, decentralized finance recorded a volume of $9.85 billion, constituting 13.31% of the total crypto market’s 24-hour volume. Notably, stablecoins accounted for $65.82 billion, representing 88.92% of the entire crypto market’s 24-hour volume. These figures capture the evolving dynamics within the crypto landscape, indicating both fluctuations and steadfast growth in specific sectors.

1. PowerLedger (POWR)

Amidst the numerous crypto projects presented on DEXTools, PowerLedger (POWR) stands out as an Australian-originated blockchain-based cryptocurrency and energy trading platform allowing decentralized selling and buying of renewable energy. The platform provides consumers with access to a variety of energy markets.

Like other assets taking advantage of the current bull wave in the market, PowerLedger has also surged and gained 12.20% in the last 24 hours. The latest gains have pushed it to a price of $0.396121, reflecting a substantial 41.40% increase over the past seven days. PowerLedger has a circulating supply of 430 million POWR tokens, with a total market cap of $170.50 million.

This token has an impressive historical performance with an all-time high of $1.89, recorded on Jan 07, 2018. The current POWR price is 78.77% lower than the all-time high price. Conversely, POWR’s all-time is $0.03262537. The asset’s current price is 1,130.25% higher than the all-time low.

PowerLedger’s price surged by 41.80% in the last seven days, outperforming the global crypto market’s 2.50% increase and surpassing similar Ethereum Ecosystem cryptocurrencies, which have seen a 12.70% rise. It was able to achieve this feat because of the uniqueness of its focus. Unlike other platforms that sell intangible assets, the identity of renewable energy attracts more investors to PowerLedger.

Phantom credits pose a critical challenge in #CarbonMarkets, urging a rethink in measuring carbon projects. #Blockchain MRV emerges as a promising solution for enhanced #traceability, security, & transparency. Embrace blockchain technology for #CarbonCredit integrity.🌍 pic.twitter.com/1UlYavLR6L

— Powerledger (@PowerLedger_io) December 11, 2023

While aiming to become the top-trending cryptocurrency, PowerLedger exudes positive sentiments in the crypto community. Users express confidence in the platform’s inherent abilities.

2. BTCX (BTCX)

The BTCX Token is another strong force trying to redefine the trajectory of the cryptocurrency world by spearheading innovation in staking, combustion, and presale strategies. Backed by visionary leadership inspired by Twitter’s rebranding and Elon Musk’s influence, BTCX Token secured $1.5 million in funding in the early days of its presale. It envisions a transformative leap towards the next Bitcoin era on its way to becoming a top-trending coin.

The platform’s funding success in August, valued at $10 million, underscores its commitment to addressing industry inefficiencies. Drawing from the ethos of Bitcoin’s early stages, BTCX Token sets out to revolutionize the crypto sphere, addressing volatility, inefficiency, scalability, and sustainability concerns. With influential backers and an experienced Advisory Board, BTCX Token fortifies its innovative presence and technological infrastructure.

BTCX Token introduces a pioneering combustion model, strategically controlling the supply by perpetually reducing circulating tokens. This scarcity-driven approach, aligned with industry giants’ transformative strategies, promises a stable ecosystem and value appreciation, setting a precedent for deliberate and sustainable burning mechanisms.

Innovating the staking landscape, BTCX Token offers an inclusive and simplified approach, enabling passive token earnings through disruptive algorithms. This user-centric model fosters community engagement, aligning incentives for growth and user rewards, setting a new standard in staking practices.

The Tokenomics of BTCX Token, meticulously structured with a total supply of 21,000,000 tokens, strategically allocates tokens for presale, burning, staking rewards, and liquidity. The successful presale reflects market confidence, showcasing the community’s belief in this pioneering project’s potential to address evolving market needs.

Rooted in inspiration and innovation, BTCX Token is primed to steer the next Bitcoin era, forging connections across liquidity hubs without fragmentation, ensuring relevance, resilience, and adaptability in a dynamic crypto landscape. BTCX currently sells at $0.015, attracting more investors to the Ethereum-based network.

3. DAO Maker (DAO)

DAO Maker (DAO) is making significant strides in the crypto market. It is a platform focused on revolutionizing the landscape for crypto startups by offering growth technology and Software-as-a-Service (SaaS) solutions. It simplifies venture capital acquisition for startups, facilitating participation in Initial DEX Offerings (IDOs) and guiding projects in building robust communities transformed into value-driven members of Decentralized Autonomous Organizations (DAOs) via tokens.

The platform’s cornerstone, DAO Pad, empowers retail users to engage early in digital assets and stocks, facilitating crowdfunding for budding protocols and attracting smaller-scale participants. Operating through a suite of services, DAO Maker incubates projects, fosters social mining rewards, and extends advisory support, assisting startups in navigating early-stage challenges and promoting community growth.

DAO Pad stands out as a dynamic tool for monitoring the progress of incubated projects, offering exclusive opportunities and insights. Strong Holder Offerings (SHOs), employing a lottery-based system, prioritize credible participants in token allocation, ensuring fairness and credibility. The platform’s social mining feature incentivizes community engagement, encouraging members to contribute actively to startups’ development and enhancement.

https://twitter.com/daomaker/status/1734206741678616888?s=20

Primarily oriented toward supporting crypto startups, DAO Maker addresses early-stage communication and public relations challenges. It extends marketing, SEO, and community-building services, fostering vibrant and engaged startup communities. With a focus on innovation, DAO Maker’s diverse offerings, including DAO Pad, SHOs, and social mining, underscore its commitment to nurturing the growth and success of emerging crypto projects.

At the time of this report, DAO sells at $1.20, allowing investors and traders to buy as much as they desire.

What Might Be The Next Top Trending Crypto?

Bitcoin Minetrix (BTCMTX) is one of this period’s most prominent crypto projects. It has amassed over $5 million in its ongoing presale ICO, drawing attention to its innovative “Stake-to-Mine” model, enabling users to earn BTC by staking BTCMTX tokens.

This groundbreaking approach democratizes Bitcoin mining, broadening its accessibility to a broader audience. In addition to “Stake-to-Mine,” Bitcoin Minetrix’s platform offers a staking protocol allowing users to lock up BTCMTX and gain annual yields of 117%.

The project’s inclusivity has resonated within the crypto community, evidenced by the surge of over 6,400 members in its Telegram channel, signifying growing interest in Bitcoin Minetrix’s functionality.

Only 1 day left for #BitcoinMinetrix Stage 12!

What sustainable practices do you think could revolutionize #Bitcoin mining while enhancing #Blockchain security? 🌱🔒 pic.twitter.com/shzWok0MDt

— Bitcoinminetrix (@bitcoinminetrix) December 11, 2023

Currently priced affordably at $0.0121 during the presale, BTCMTX tokens are expected to see escalating prices in the ensuing days. Post-presale, the development team plans to list BTCMTX on the open market, potentially infusing liquidity into the token.

With its innovative features, successful presale, and robust roadmap, Bitcoin Minetrix emerges as a compelling alternative to BTC amid market fluctuations, garnering attention as a project to monitor closely.

Visit Bitcoin Minetrix.