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The crypto market is at the weakest investors have seen in recent times. Traders with open positions in the significant cryptos and several altcoins have lost millions of dollars to liquidation in the last 48 hours. Thus, there are widespread uncertainties in the crypto market.
However, the market is witnessing the resilience of some assets as they show price actions that defy the overall market outlook. This article analyzes the top trending crypto coins on DEXTools, offering insight into their current market trends.
Top Trending Crypto Coins on DEXTools
Similarly, today’s post gives an overview of Sponge V2, focusing on the opportunity presented by its move towards a play-to-earn initiative and the crypto market outlook. Generally, the price decline in the crypto market provides a chance to ride the wave back to its peak. Therefore, below is an insight into the price action of Sponge, which can allow investors to capitalize on the trend.
1. Virtucloud (VIRTU)
Virtucloud excels among the trending crypto coins on DEXTools today. The token is currently priced at $0.031835 with a 24-hour trading volume of $131,892 and a market cap of $3.18 million. It recorded an impressive surge of 36.13% in the last 24 hours, ranking it above other projects on Dextools. This surge brings the token closer to its all-time high of $0.045369, achieved on April 8, 2024. Conversely, its lowest recorded price of $0.017775 occurred on April 12, 2024.
In addition, the token’s primary objective is to democratize advanced cloud computing through its innovative node architecture. The project team is dedicated to ensuring the accessibility of this technology to all, thus bridging the digital divide.
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— Virtu Cloud (@VirtuCloud) April 12, 2024
With a circulating supply of 100 million VIRTU tokens out of a maximum supply of the same, Virtucloud currently holds the #3139 ranking in the Ethereum (ERC20) Tokens sector. Moreover, the token is trading near its cycle high, indicating bullish market sentiment.
Furthermore, Virtucloud boasts high liquidity based on its market cap, with over 2000 holders. The Fear & Greed Index reflects a sentiment of greed at 72, suggesting investor optimism.
2. Flozo Game Token (FGT)
According to its website, Flozo Games Token (FGT) is pioneering cryptocurrency integration with interactive gaming experiences. It offers users a platform to engage in various mini-games and multiplayer competitions while earning rewards in FGT. The token’s unique feature includes distributing 1% of every transaction proportionally to FGT holders, incentivizing token holding, and providing passive income to investors.
The platform hosts a diverse range of engaging and interactive mini-games in which players compete against each other to win a portion of the 1% tax wallet. These games aim to provide users an enjoyable and rewarding gaming experience while contributing to the platform’s growth.
Flozo Games plans to introduce multiplayer games, allowing users to compete against each other in real-time across various game genres. This expansion is expected to drive increased volume and contribute to the growth of the tax wallet, further enhancing the token’s utility and value proposition.
Meanwhile, the live price of Flozo Games Token is $0.001397, with a 24-hour trading volume of $39,907.36. The token has experienced a significant increase of 41.69% in the last 24 hours, reflecting growing interest and activity within the community.
Although the token may be worth considering, given its performance over time, investors and traders must exercise caution due to its market cap of $138.79K and liquidity of $77.11K. As the platform continues to evolve and introduce new features, investors may find value in closely monitoring its performance and growth trajectory.
3. Aping (APING)
$aping claims to be the world’s pioneer in live, interactive meme coins, offering players a unique and engaging experience. With the ability to purchase $aping for interaction during the stream, users actively participate while contributing to the token’s ecosystem. Also, each $aping spent during the stream is permanently burned, reducing the total token supply and potentially increasing its scarcity over time.
In addition, a key feature of Aping is its allocation strategy, with 50% of tokens dedicated to liquidity provision, 25% to the community, 10% to production, and 15% to early contributors. This distribution ensures a balanced ecosystem with incentives for various stakeholders, fostering community engagement and growth.
Moreover, $aping is valued at $0.00000000572. The token has experienced a remarkable 12.26% increase in the last 24 hours. This upswing indicates growing interest and demand for the token. With a market cap of $222.87K and 1.60K holders, $aping demonstrates a promising level of market activity and community involvement.
Furthermore, the token’s availability on decentralized exchanges, particularly on Orca, highlights its accessibility and ease of trading. The most active trading pair is APING/SOL. They recorded a trading volume of $297.38 in the last 24 hours, indicating investor interest and liquidity.
In the last hour, we've climbed to become the 3rd most rising 📈 coin among the recently added coins on CoinMarketCap.
We will be back before you know it!#bnb #flozogames #flozo #gamefi #crypto pic.twitter.com/EcDMWmzBkI
— FlozoGames (@FlozoGames) April 13, 2024
Meanwhile, the unique concept of live, interactive meme coins combined with the token’s deflationary mechanism and strategic tokenomics make $aping a compelling choice for investors seeking innovative opportunities in the cryptocurrency space. As evidenced by its bullish sentiment and increasing popularity on Dextools, $aping stands out as one of the top trending tokens.
What Might Be The Next Top Trending Crypto
Degen investors are known for timing the dip as the best buying time for maximum profit. Hence, the crypto market might see an unexpected surge in the activities of degen investors. The best indicator to watch out for is the increasing trading volume and value of meme coins.
Due to the widespread downturn in the crypto market, SPONGE’s trading volume and price are at their lowest. Nevertheless, the dip is ideal for buying the asset before euphoria.
Absorbing that weekend damppp 💦$SPONGE #PEPE #WIF #MemeCoin pic.twitter.com/m4GT4uQgCd
— $SPONGE (@spongeoneth) April 13, 2024
Moreover, the Sponge V2 play-to-earn game is still the winning narrative. The initiative would drive the next phase of the project’s rally. However, only degen investors who get in at the trough of the downturn stand a chance to ride the wave back to the peak. With the team now focusing on the drive for further utility, investors can expect to earn significant returns on investment upon price increase.
Furthermore, Doge Day is another critical event to watch out for, particularly in the meme coin space. Due to the Doge Day event, meme coins are expected to come to the limelight. Hence, the opportunity to earn marginal returns on investment would present itself.
Ultimately, degen investors and traders should prioritize SPONGE in the coming days as it presents an opportunity to earn notable returns. The details of the project’s tokenomics, staking, and buyback moves are provided on its website.
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