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Investors are seeking a haven amidst inflation and recession reports. Despite this, the crypto market’s indecision leaves them uncertain. Trending cryptos on DEXTools reflect assets across various categories, resilient amidst market turbulence.
With new cryptocurrencies emerging frequently, investors seek assurance in their choices. While some offer relief, others may disappoint. Hence, investors need to discern between beneficial and non-beneficial investments. Projects offering analytic and predictive services are likely to gain widespread support.
Top Trending Crypto Coins on DEXTools
For over two years, markets have been influenced by the possibility of higher interest rates. However, there has been a shift in the direction of rates recently.
In five of its last six meetings, including the one concluding on January 31, the Federal Reserve chose to keep rates unchanged, following 11 rate hikes in this economic cycle.
Now, few analysts question that the era of increasing rates is drawing to a close. Inflation, which reached 3.4 percent in December, has become increasingly manageable. Despite the recent happenings in the crypto market, some cryptocurrencies still record impressive gains. Today, they have topped the chart as the top trending crypto coins on DEXTool.
1. Dexlab (DXL)
DexLab, a decentralized exchange, aims to provide cross-chain trading, allowing users to transact at their preferred time and price. However, recent market studies reveal two main issues in existing DeFi protocols: high transaction fees and delays in execution time. DexLab plans to integrate Serum Network’s GUI with the Solana blockchain to tackle these challenges. Moreover, Solana is known for its transaction processing efficiency.
Serum, a decentralized exchange launched on Solana, offers features like swapping. In addition, DexLab leverages Serum’s GUI to provide users with visualized data analysis of DEX markets.
Deployed on Solana, DexLab aims to facilitate interoperability between blockchains for cross-chain trading. Solana’s low transaction fees and fast speed enable DexLab users to enjoy a seamless trading experience similar to centralized exchanges.
In addition, DexLab introduces features such as Swap, allowing token-to-token interoperability without involving third parties. Also, the platform maintains a decentralized automated entire limit order book, providing traders with complete control over their orders.
DexLab tokens (DXL) are interoperable with ERC-20 tokens for faster transactions. It also serves as the utility token for trading within the DexLab network.
Meanwhile, Dexlab’s price today is $ 0.009687, with a 24-hour trading volume of $ 7,667.68. Its market cap is $ 508,832, with a market dominance of 0.00%. Conversely, the DXL price surged by 15.44% in the last 24 hours.
The highest price Dexlab reached was on September 11, 2021, hitting its all-time high of $ 0.989284. However, its lowest price occurred on June 15, 2023, at its all-time low of $ 0.000749.
🪐 #JUPITERSWAP : https://t.co/rtn3FtviJY
You can now swap $JUP for $SOL. Give $JUP trading a try on Dexlab. Congratulations on the @JupiterExchange : @binance @bitgetglobal @BithumbOfficial @CoinoneOfficial listing, and stay tuned for the upcoming Dexlab Pool service. 🚀
— Dexlab 🧬 (@Dexlab_official) January 31, 2024
Since its all-time high (ATH), the lowest price reached was $0.000749, known as the cycle low. The highest DXL price since the last cycle low was $0.047530, identified as the cycle high. The sentiment for Dexlab’s price prediction is bearish despite a Fear & Greed Index showing 60 (Greed).
Furthermore, Dexlab’s circulating supply is 52.53M DXL out of a max supply of 1.00B DXL. Remarkably, its price has surged by 58% in the last year. This price increase saw the project outperform 68% of the top 100 crypto assets during this period. Moreover, Dexlab’s top-performing year was 2023, witnessing a staggering 446.44% increase in DXL’s price.
Over the last four years, Dexlab has shown an average yearly growth rate of 245.72%. Typically, Dexlab performs best in Q4, boasting an average gain of 297.96%. However, its worst performance is observed in Q2, with a loss of -58.38%.
2. Myro ($MYRO)
Myro operates as a decentralized cryptocurrency, utilizing the Solana blockchain. It emphasizes community involvement and aims to democratize cryptocurrency accessibility and engagement.
Functionality-wise, Myro offers various features, such as MYRO Merch, allowing holders to acquire exclusive merchandise. In addition, it hosts Community Events like voice chats and forums.
$MYRO tokens are actively traded on centralized exchanges, with BingX being a prominent platform. In addition, Myro’s price today stands at $ 0.061027. This upswing in price reflects a significant 24-hour trading volume of $ 38.01M and a market cap of $ 57.62M.
Furthermore, Myro experienced its peak price on January 19, 2024, reaching an all-time high of $ 0.259342. Currently, its circulating supply stands at 944.20M MYRO out of a maximum supply of 1.00B MYRO. It holds a bullish price prediction sentiment, with a Fear & Greed Index showing 60 (Greed).
Highlighted by 16 green days in the last 30 days and trading on platforms like KuCoin, Myro exhibits strong market activity and liquidity. It ranks #22 in the Solana Network sector and #383 in the Meme Coins sector. This underscores its presence and relevance within the cryptocurrency landscape.
3. TG Casino ($TGC)
TG Casino, a newly launched casino and sportsbook on Telegram, offers many games and betting options. It operates on Telegram, allowing players to access it through a bot within the messaging app. Moreover, Gaming Curacao fully licensed the platform and accepts players worldwide.
With over 300 casino games and betting options on more than 30 sports markets, TG.Casino provides ample entertainment for users. The platform successfully concluded its presale for their $TGC native token on 21 December 2023 – raising $5 million.
The token is listed on Uniswap and has recorded an impressive price increase in the last seven days, surging by a remarkable 162.4%, per Coingecko.
Furthermore, with a 99 rating on DEXTools, the project is among the top-performing tokens, with a 29% increase in the last 24 hours on DEXTools.
What Might Be The Next Top Trending Crypto
Bitcoin Minetrix ($BTCMTX) pioneers the stake-to-mine concept, allowing token holders to mine Bitcoin effortlessly. Through cloud mining, users stake BTCMTX tokens to generate mining power. This eliminates the need for costly mining equipment or unreliable cloud mining services.
Furthermore, investors stake their BTCMTX to obtain cloud mining credits, which are exchanged for mining power. The mined Bitcoin is subsequently transferred to their wallets. Despite its recent launch in September 2023, the Bitcoin Minetrix presale has already amassed over $10 million. This has sparked excitement about its potential.
With a maximum token supply of 4 billion, 70% of which is available through the presale, Bitcoin Minetrix ($BTCMTX) sets a soft cap of $17.5 million and a hard cap of $33 million. In addition, the smart contract underwent a thorough audit by Coinsult, ensuring security and reliability.
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