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What are the trending cryptos on Avalanche today? Surprisingly, it’s been an eventful weekend in the crypto market, as the market cap recorded an increase of over 2%. Besides, the trading volume also decreased significantly, which deviates from the norms. Following its recent pullback, Bitcoin’s market dominance also approached the 50% mark.
Trending Cryptocurrency Tokens on Avalanche Chain
The Avalanche chain is not left out of the weekend trends as investors continue to flock to assets in the ecosystem despite the imminent token release. This article offers a quick review of the trends in the ecosystem and a summary of a new cryptocurrency to watch. Scotty The AI presale went live recently, and the performance has been remarkable. Investors can look at the details below to glean insight into the asset’s prospect.
1. GameSwift (GSWIFT)
GameSwift is a modular blockchain network featuring gaming-optimized Layer 1 and zkEVM roll-ups tailored for specific games. In addition, developers can leverage zkEVM to reduce gas costs, enhance contract execution speed, and enable confidential computation.
The platform introduces the multichain GameSwift Platform. It offers an optimized SDK-based infrastructure for game developers to deploy dApps efficiently and securely on zkEVM. It ensures that games within the modular ecosystem are not isolated. In addition, it caters to the needs of non-crypto gamers who may be unfamiliar with blockchain technology.
GameSwift’s overarching goal is to become the preferred blockchain network for development studios. It will enable them to build and launch dedicated gaming roll-ups. These gaming roll-ups will be easily accessible to web3 and web2 gamers through the one-stop multichain platform. However, by unifying games and players, GameSwift aspires to create the world’s largest web3 gaming community.
As of today, GameSwift is priced at $1.094345. It exhibits a 24-hour trading volume of $2.85M, a market cap of $68.53M, and a market dominance of 0.00%. The GSWIFT price has increased by 6.76% in the last 24 hours.
GameSwift Platform is welcoming four new games!@RoboHero_io, @SpaceCartels, @exverse_io, and @playmythya by @Morragames are all joining our gaming family!
We're excited to support their growth in web3 and help them reach nearly ✅ 100k Platform users.
Learn more!👇 pic.twitter.com/GhaJk69d2m
— GameSwift 🎮 (@GameSwift_io) February 15, 2024
Meanwhile, GameSwift’s price history indicates its highest point on February 19, 2024, reaching an all-time high of $1.094420. The all-time low was recorded on September 26, 2023, at $0.045943. The current sentiment is bullish, with a Fear & Greed Index showing 75 (Greed), reflecting positive market sentiment and confidence in GameSwift’s potential.
2. SteakHut Finance (STEAK)
SteakHut Finance emerges as a native yield and liquidity aggregator within the Avalanche ecosystem. The token offers a comprehensive suite of tools and protocols to unlock the full potential of DeFi.
Currently, the price of SteakHut Finance (STEAK) stands at $1.74, accompanied by a 24-hour trading volume of $73,570.49. Moreover, the token has experienced a significant 10.82% price increase in the last 24 hours. Additionally, it has seen an impressive 13.61% surge over the past seven days.
However, the circulating supply data currently needs to be made available, hindering the assessment of SteakHut Finance’s market cap. Over the last seven days, SteakHut Finance has demonstrated robust performance, boasting a remarkable 14.40% price increase.
This outperformance extends beyond the global cryptocurrency market, which has seen a 6.30% increase. It also surpasses similar Avalanche Ecosystem cryptocurrencies with a 5.80% gain.
SteakHut is @CoqInuAvax aligned 🐓
We're launching a COQ pool on SteakHut V2. Provide $COQ liquidity and start farming $STEAK rewards.
🐮🤝🐓
Launching on #Avalanche 20-Feb, 10am UTC
bok bok! pic.twitter.com/L68dtTcpis
— SteakHut (@steakhut_fi) February 19, 2024
Scotty the AI integrates advanced AI with blockchain technology, aiming to enhance security and fraud detection in the crypto universe. It offers AI-powered security and fraud detection solutions, specializing in identifying suspicious transactions and security breaches.
3. Stargate Finance Token (STG)
Stargate Finance’s price history reveals an all-time high of $4.31 on April 2, 2022, but has since retraced to a price decline. Until recently, when it seemingly found its way back to its feet. The token gained attention today after it appeared on the top trending tokens on the Avalanche chain.
Highlights of the token include trading above the 200-day simple moving average and experiencing 17 green days in the last 30 days, accounting for 57% of the period. In addition, it boasts high liquidity based on its market cap and is available for trading on Binance.
Its ability to rebound from key support levels and maintain a positive trajectory indicates strong investor interest and confidence. In addition, the platform’s unique proposition as an omnichannel-native asset bridge adds further appeal, distinguishing it from other tokens in the Avalanche ecosystem.
Furthermore, as STG continues to attract attention and adoption, its upward trajectory positions it among the top-performing tokens on Avalanche. It is poised for further growth and recognition within the blockchain community.
4. Bear (BEAR)
Bear Coin on the Avalanche chain is a meme named after the co-founder’s dog, Bear. It is specifically dedicated to promoting Avalanche and its associated protocols and coins.
In the last 24 hours, the trading volume of Bear (BEAR) surged by 310.70%, putting it in the spotlight. In addition, the crypto has amassed over $50000 in trading volume in the last 24 hours, which is a remarkable feat given the recent AVAX struggle in the market.
However, there are predictions that the BEAR price might decline with the incoming token unlock, which is anticipated to reach $0.067855. Also, specific indicators show that the market is gradually turning bearish on the asset. For example, its Fear & Greed Index stands at 75 (Greed) at press time.
BEAR tokens are tradable on decentralized exchanges, with Trader Joe’s being the most popular platform. The most active trading pair, BEAR/WAVAX, recorded a trading volume of $15,322.95 in the last 24 hours.
The Bear Coin on Avax price forecast for the next 30 days projects the token to trade at $0.068789 on February 26, 2024, indicating a gain of 3.90%.
What Might Be The Next Top Trending Crypto
Scotty The AI is a pioneering crypto project combining advanced AI with blockchain technology. The project aims to enhance security and fraud detection within the crypto space.
Having raised $480,210 in its ongoing presale round, the core objective of Scotty The AI is to establish itself as a trusted figure within the crypto community. It adopts the narrative of the legendary dog Scotty, whose protective instinct helps it find its true purpose. Hence, the team aims to provide AI-powered security and fraud detection solutions to the crypto ecosystem.
The presale is live, and investors are trooping to acquire the new token. At the time of writing, SCOTTY is offered at $0.0052, a significant decrease in its actual value. At the end of the presale, investors will enjoy an ROI that is multiple times the price, given the rate at which enthusiasts troop to its offering.
🚨Stage 4 selling out fast!
Only $80k left.Stage 1 -3 closed out very early also.
⚠️ Price increases at stage 5 so don’t miss out here.
BUY $SCOTTY presale at https://t.co/zRmy4g8hfW#blockchains #memecoins #Binance #presale #Ethererum #cryptocurrency pic.twitter.com/XkVA1qg1mG
— Scotty The Ai (@ScottyThe_Ai) February 18, 2024
In summary, Scotty The AI represents a significant advancement in crypto security, leveraging AI technology to safeguard transactions and bolster trust within the crypto community.
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