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The meme culture remains the relevant narrative in the crypto market, and coins in the category remain among the top trending cryptocurrencies across several chains and networks. Besides their trending status, memecoins have also ranked as some of the highest gainers in the market in recent times, notwithstanding the bear pressure in the market.
Today, the top trending crypto on the DEXTools is equally dominated by memecoins, with a handful of Utility tokens and coins from other sectors appearing on the list. The article covers some of these cryptocurrencies’ price actions and market data, helping investors streamline their market research.
Top Trending Crypto Coins on DEXTools
The article equally offers helpful information to investors and promotes a promising cryptocurrency presale. Today’s post includes details of the WienerAI presale offering, sharing critical updates on the funds raised by the platform and how investors can take advantage of the offer.
1. Singularity DAO (SDAO)
SingularityDAO creates a unique space within the decentralized finance (DeFi) sector. It combines advanced artificial intelligence (AI) and sophisticated financial strategies to create a distinctive ecosystem.
At the heart of SingularityDAO are DynaSets. These are dynamically adjusted baskets of tokens, unlike traditional static investment pools. DynaSets actively manage crypto asset collections using long- and short-term trading strategies, including leverage.
What sets SingularityDAO apart is its integration of AI into the DeFi space, offering a fresh approach to portfolio management. The AI systems analyze market conditions and adjust the composition of DynaSets accordingly, aiming to optimize investors’ returns.
Meanwhile, the price of SingularityDAO (SDAO) is $0.3605, with a 24-hour trading volume of $554,049. This marks a 1.82% price increase in the last 24 hours, though the price has declined by 0.75% over the past week. With a circulating supply of 91 million SDAO, the token has a market cap of $32,833,422.
Versatility of SingularityDAO migration contracts
SingularityDAO migration contracts are natively very versatile, allowing for the migration between any two contracts using any conversion ratio.
As see here with the recent $ASI @ASI_Alliance Phase 1 token merger, these… https://t.co/Lk31v2hhZz
— SingularityDAO (@SingularityDAO) July 2, 2024
SingularityDAO’s price has declined 0.60% in the past week. This underperformance contrasts with the broader cryptocurrency market, which has risen 7.00%. Similarly, it underperforms compared to other Ethereum Ecosystem cryptocurrencies, which have seen a 12.70% increase.
Consequently, the trading volume of SingularityDAO (SDAO) has surged to $554,951 in the last 24 hours. This represents a 38.80% increase from the previous day, indicating a recent rise in market activity.
2. Polymath (POLY)
Polymath is making significant strides in the blockchain industry by providing technology to create, issue, and manage security tokens. They spearheaded the creation of the ERC 1400 standard for security tokens on Ethereum and have deployed over 200 tokens using their Ethereum-based solution.
Recognizing the limitations of existing blockchains in meeting regulatory requirements, Polymath developed Polymesh. This institutional-grade blockchain is designed specifically for regulated assets. Polymesh addresses critical challenges in identity, compliance, confidentiality, governance, and settlement, thus streamlining antiquated processes and enabling new financial instruments.
Meanwhile, Polymath (POLY) ‘s price stands at $0.05467. The token experienced a significant decline in value, with a 24-hour price change of -25.41% and a 7-day price change of -6.58%.
Moreover, Polymath has a circulating supply of 900 million POLY, giving it a market cap of $49,128,916. In the last 24 hours, Polymath (POLY) recorded a trading volume of $13,242.14. This marks a 0.20% increase from the previous day, indicating a recent rise in market activity. Despite the current price decline, this uptick in trading volume suggests growing interest and engagement with the token.
Furthermore, Polymath’s innovative approach and focus on regulated assets position it as a critical player in the blockchain space. Polymesh’s development demonstrates its commitment to addressing the needs of capital markets and providing solutions for compliance and governance challenges.
While the recent price decline is notable, the increase in trading volume could indicate a potential recovery or growing investor interest. Polymath’s strong foundation and continuous innovation may drive future growth and stability in the market.
3. Efinity (EFI)
Efinity, developed by Enjin and built on Polkadot, represents the next generation of blockchain for digital assets. This platform focuses on the rapidly growing world of non-fungible tokens (NFTs).
Efinity is designed to cater to the needs of traders and gamers, allowing them to create, distribute, transfer, sell, and buy NFTs with ease. The project’s primary goal is to simplify user experience and digital asset governance while removing barriers to entry into the NFT space and decentralized gaming.
Furthermore, the Efinity Token (EFI) powers the entire ecosystem. It prioritizes generating, transferring, and purchasing tokens using inter-chain protocols, lowering transaction fees.
Regarding incentives, EFI rewards on proof-of-work blockchains with NFT functionality go to miners who create and trade tokens. This approach helps form a robust community around the token.
Moreover, Efinity (EFI) is $0.05007, with a 24-hour trading volume of $8,168.55. This marks a 0.65% price decline in the last 24 hours and an 8.49% decline over the past seven days. With a circulating supply of 87 million EFI, the token is valued at a market cap of $4,347,941.
Imagine owning a legendary sword that unlocks new powers across interconnected game worlds.
On August 27th, 2024, the Enjin Multiverse opens—bigger, brighter, and more alluring than ever.
Read the full article: https://t.co/SwXtvdBLIj
The boundaries between realms will shatter… pic.twitter.com/u3Yh92yzYT
— Enjin (@enjin) July 5, 2024
However, Efinity has seen a significant price decline of 8.50% in the last seven days. This performance is underwhelming compared to the global cryptocurrency market, which is up 7.50%, and similar Ethereum ecosystem cryptocurrencies, which are up 12.70%.
Moreover, Efinity’s (EFI) trading volume has decreased by 53.10% in the last 24 hours, signaling a recent fall in market activity. Despite these recent challenges, Efinity remains a crucial player in the NFT space, driven by its innovative approach and commitment to improving the digital asset.
What Might Be The Next Top Trending Crypto
The crypto market is about to witness the advent of a new AI project with a high ROI prospect. The WienerAI team recently launched the presale offering of the WAI token, which takes advantage of the growing popularity of two distinct sectors of the crypto market.
Rather than sticking to the AI narrative, it blends the AI narrative with the memecoin culture. Hence, the team and the project’s community have a dual approach to pushing its popularity and appeal.
WienerAI sports the Sausage Doge mascot, which appeals more to memecoin lovers and is a narrative prevalent in the crypto market now. It also spots the AI-powered trading bot to ensure the project has sustainable utility. The bot targets traders of all levels, including beginners and expert traders. According to the project’s presale page, the AI bot works within the Telegram platform. Intending users can find more details of its features and functions on the WienerAI presale page. The page also offers information on participating in the WAI token presale offering.
That feeling when you got into the WienerAI presale on time … pic.twitter.com/uBIcQevxud
— WienerAI (@WienerDogAI) July 11, 2024
As of this writing, the WAI token is on sale for as low as $0.00073, and investors have only 16 days left to take advantage of the discounted price. This is an opportunity to secure a bag of the token ahead of its exchange listing to increase the potential ROI from the listing rally. As stated on its website, WAI also provides stalking opportunities to investors, with over 4 Billion WAI tokens already staked. Further information about WAI staking and the associated APY is available on the project’s website.
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