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The price of SOL has tumbled by over 25% in the wake of the bearish trends in the market, and several tokens on the chain have lost significant margins. What’s unique, however, is that the Solana chain boasts some impressive assets despite the market slump. These tokens are among the top trending cryptos on the Solana chain today.
Market data shows traders have lost hundreds of millions of dollars to the recent market downturn. The network, which earned a reputation as one of the most used chains in the bull market, also experienced the impact. SOL is down to $153 after posting over a 700% price increase in the year’s first quarter.
Top Trending Cryptos on Solana Chain
Regarding the performance of assets in the market, there are undervalued assets with the potential to emerge as top performers in the coming weeks, and smog is a viable asset in that class. Its ongoing airdrop program is helping the project generate widespread traction. Ultimately, Smog is likely on track to top the list of trending assets in the coming weeks. The post provides further information about the token.
1. Ligma Node (LIGMA)
With its rapid ascent and innovative features, the Ligma token is making waves in the Solana blockchain community. As a Solana RPC node service, Ligma offers unparalleled speed and reliability, facilitating seamless communication among decentralized applications (dApps), bots, and other services within the Solana ecosystem. This unique service has attracted attention for its ability to execute transactions swiftly, catering mainly to botters looking for efficient solutions.
One of Ligma’s standout features is its commitment to affordability. All nodes are internally hosted and exclusively available to customers. This focus on providing cost-effective solutions sets Ligma apart in the competitive world of RPC node services.
Meanwhile, Ligma’s price has increased by a remarkable 26.01% in the last 24 hours. It reflects investor enthusiasm following the announcement that Ligma will oversee its Solana validator. This validator empowers stakers to earn from fees while enabling node users to access upgraded services.
Ligma Dashboard is now Live!
Migrate your node plans from the Telegram Bot to our Official Dashboard.
• Purchase your Plans
• Manage your Plans
• IP Auth for Pro & God Plans👉 View Dashboard: https://t.co/ZACcPFx1FZ
— LigmaNode (@LigmaNode) April 12, 2024
Moreover, LIGMA tokens are tradable on decentralized exchanges, with Raydium emerging as the preferred platform for Ligma Node trading. This accessibility ensures that investors and users can easily participate in the Ligma ecosystem.
With its recent announcements and price surge, Ligma’s innovative approach to RPC node services positions it as a promising player in the Solana blockchain space. As the project continues to evolve and expand its offerings, it remains one of the trending tokens on Solana to watch.
2. Nova Finance (NOVA)
Nova Finance is revolutionizing the DeFi landscape with its programmable asset framework. Nova offers users a simplified approach to accessing decentralized finance without the need for complex financial skills. With Nova, users can create customized portfolios of assets to automatically generate returns through various yield strategies while executing advanced investment strategies like dollar-cost averaging and take-profit calls.
This innovative synthetic asset empowers cryptocurrency experts to program assets to follow intricate investment strategies. It, in turn, enables them to create portfolios that less experienced users can easily follow and invest in.
In addition, Nova’s user-friendly approach aims to democratize DeFi. Thus, it makes the services accessible to a broader audience and fosters financial inclusivity in the digital asset space.
Timing the purchas of crypto tricky. In using an Nova’s on-chain investment algorithms you can stick to your plan and become objective in what you buy & sell.
— NOVA (@NovaFinance_) April 10, 2024
In terms of performance, Nova Finance has shown impressive growth over the past year, with its price increasing by 310%. It has outperformed 86% of the top 100 crypto assets, including Bitcoin and Ethereum, and is currently trading above the 200-day simple moving average. This bullish sentiment is reflected in the Fear & Greed Index, which stands at 72 (Greed), indicating positive market sentiment.
Furthermore, NOVA tokens are tradable on centralized and decentralized crypto exchanges, providing users with flexibility and accessibility. AscendEX (BitMax) is the most popular exchange for trading Nova Finance. It offers a seamless trading experience with the most active trading pair, NOVA/USDT.
Meanwhile, with a recent increase in trading volume, Nova Finance demonstrates growing market activity and investor interest.
3. Artrade Token (ATR)
Artrade—a pioneering platform in the art market—has revolutionized how traders exchange art by implementing cutting-edge security measures. With a focus on authenticity and traceability, Artrade ensures that every art piece exchanged on its platform is genuine.
Moreover, by adopting blockchain technology, Artrade has brought unprecedented transparency to art transactions. This innovation provides stakeholders with an auditable record of each transaction, fostering trust and confidence among buyers and sellers.
Furthermore, Artrade has integrated NFT technology to address liquidity challenges in the art market. The NFT technology allows direct and secure transactions between art enthusiasts, collectors, and creators, enhancing overall market liquidity. The platform’s user-friendly app provides a seamless experience for NFT creators and investors. It helps to eliminate high minting fees, commissions, and environmental impact associated with traditional NFT marketplaces.
Artrade’s business model initially involves providing NFC chips for free, with plans to transition into a paid service for artwork creation. This transition may generate revenue for the platform. Last year, Artrade recorded a remarkable 873% increase. This impressive performance surpassed 95% of the top 100 crypto assets, including Bitcoin and Ethereum.
Minuit's works are still available on our marketplace 🎨
Artrade is proud to partner with brilliant artists in our marketplace 🫶
You can find the artworks at a 40% discount compared to physical galleries.
Check out this amazing trailer! 👇 pic.twitter.com/sr6QTafsF0
— Artrade (@ArtradeApp) April 12, 2024
With its unwavering commitment to security, transparency, and liquidity, Artrade sets a new standard for art exchange platforms. Artrade propels the art industry toward a future where art transactions are redefined by prioritizing trust and decentralization. As the platform continues innovating and evolving, it is poised to shape the art market’s future significantly.
What Might Be The Next Top Trending Crypto
Most meme coins launched in the first quarter barely survived the quarter before they fell into irrecoverable losses. However, SMOG was listed among the best-performing assets in Q1 and continues its journey towards peak performance.
At the moment, the general performance of cryptocurrencies is subpar, and the SMOG also bears the impact. Notwithstanding, there are speculations that the funding inflow would likely rotate into meme coins, and investors holding sector assets stand a chance of receiving impressive ROI.
The bearish outlook tests smog’s month-long upbeat performance. Today, the price of the token declined by over 12%. While SMOG may have posted significant value loss, it is not an isolated occurrence. The double-digit loss is widespread across the crypto market. Thus, the dip is primarily an advantage for purchasing more units of assets with upside prospects.
Due to the ongoing congestion on the #Solana network resulting in 70-80% of the transactions failing, we're postponing the $SMOG Airdrop Season 1 until the Solana network congestion has alleviated to a manageable level.
This approach ensures that…
— SMOG (@SMOGToken) April 11, 2024
Again, SMOG’s ongoing airdrop suggests the project can maintain its growing visibility. The airdrop program has completed season 1 and launched the season too recently. Traders and designed investors still have the chance to participate.
Nevertheless, the transaction failure has led to an adjustment in the season 1 timeline. The details of the airdrop are available on the project’s Twitter handle. Investors can find other essential information about Smog on the project’s website.
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