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Surprisingly, the first 24 hours of the ETH ETF’s arrival coincide with Mt. Gox’s decision to move another round of bitcoins to creditors. The bearish news has overshadowed the monumental arrival of the ETF, creating a mixed feeling in the crypto market.
While investors await the impact of the ETF news on the market, attention is drawn to the top trending cryptocurrencies on the Avalanche chain. Today’s article explores the price action of Xana, Shrapnel, and VAPE, highlighting the price movement of the tokens in the last 24 hours.
Trending Cryptocurrency Tokens on Avalanche Chain
Another crypto token that’s equally gaining attention is the 99Bitcoins. The project came into the limelight through the presale offering of the 99BTC token. The details of the project’s presale are included below.
1. Xana (XETA)
XANA, an EVM-based blockchain infrastructure and DApps platform designed for the metaverse has seen notable activity in its token, XETA. Today, the price of XETA stands at $0.008235, with a 24-hour trading volume of $5,609,401.64.
Over the last 24 hours, XETA’s price increased by 4.30%. However, it has experienced a -2.56% decline over the past week. XANA’s current market cap is $20,063,308, supported by a supply of 2.4 billion XETA tokens.
XETA has underperformed over the last seven days in the broader cryptocurrency market, showing a -2.60% decline. This starkly contrasts the global cryptocurrency market, which saw a 4.50% rise. Additionally, XETA lagged behind similar Ethereum Ecosystem cryptocurrencies, which have increased by 12.70%.
XETA tokens are traded on several centralized exchanges. The most active trading occurs on MEXC, with the XETA/USDT pair recording a trading volume of $194,101 in the last 24 hours. Other popular exchanges for XETA trading include KuCoin and Bitget.
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Introducing $XETA Utility②✅Capital Gains
・The capital gains of XETA tokens are directly linked to the growth in profitability of the #XANA platform.
・There is a mechanism where the value of the token increases as the platform succeeds and its user base expands.… https://t.co/415DydMHDs pic.twitter.com/hKTIIusPEn
— XANA (@XANAMetaverse) June 6, 2024
XETA’s trading volume increased by 16.30% from the previous day, signaling a recent rise in market activity. This uptick in trading volume may indicate growing interest and engagement with the token.
In summary, while XANA’s XETA token has shown some recent positive movement, it has underperformed compared to the broader market and similar assets. The increase in trading volume suggests potential future interest, making it a token to watch in the coming days.
2. Shrapnel (SHRAP)
Shrapnel, an innovative game that merges blockchain technology with a first-person extraction shooter experience, is creating a buzz in the gaming world. In 2038, players are in a post-apocalyptic scenario following an asteroid collision with the moon.
As members of the Mercenary Extraction Force (MEF), players collect valuable substances from meteorites while navigating intense military combat. The game emphasizes strategy, skill, and perseverance, offering a progression system that rewards long-term engagement.
Behind Shrapnel is a team of seasoned professionals from the gaming and blockchain industries, whose combined expertise has shaped Shrapnel into a compelling and award-winning game, earning six industry accolades.
Meanwhile, the Shrapnel (SHRAP) token is priced at $0.1063. Over the past 24 hours, the token has experienced a 5.07% increase in value, with a trading volume of $1,808,031.43. However, it has faced a -6.77% decline over the past week. With a circulating supply of 570 million SHRAP, the market capitalization is $60,141,578.
Despite its innovative approach and robust development team, Shrapnel is underperforming compared to the broader cryptocurrency market, which has risen by 4.30%, and the Ethereum Ecosystem cryptocurrencies, which have seen a 12.70% increase. Additionally, the trading volume for Shrapnel has decreased by -22.30% in the last 24 hours, indicating a fall in market activity.
✦ STX3.1 Missions ✦
Complete missions for SHRAP rewards, weapon skin fragments (Hazard Pay Shotgun) and a Wildcard 🙌
➜ START: June 24 (Mon), 11am PST
➜ END: June 28 (Fri), 6pm PSTMore details TBA! pic.twitter.com/XPNq1RxWyS
— SHRAPNEL 🔺 STX3.2 July 25-30 (@playSHRAPNEL) June 6, 2024
While Shrapnel’s unique blend of gaming and blockchain technology positions it well for future growth, its recent market performance suggests some challenges. The token’s underperformance relative to the broader crypto market and Ethereum-based cryptocurrencies could be a concern for investors.
Despite these hurdles, Shrapnel’s potential remains significant, driven by its innovative gameplay and experienced development team. Investors should monitor future developments and market trends to assess its long-term viability.
3. VAPE (VAPE)
VAPE is the governance and utility token for VaporDEX, a decentralized exchange on the Avalanche network. Holding VAPE allows users to participate in governance decisions related to VaporDEX and the VAPE token itself while providing access to various value experiences within the VaporDEX ecosystem. The token economy is designed to adapt and grow along with the ecosystem, making VAPE an integral part of this evolving platform.
Currently, VAPE is priced at $0.4067 with a 24-hour trading volume of $1,979.15. In the last 24 hours, the token has experienced a 1.54% increase in value. However, over the past week, VAPE has seen a 1.52% decline. This recent performance lags behind the global cryptocurrency market, which has risen by 4.40% in the same period, and other cryptocurrencies in the Avalanche Ecosystem, which have increased by 5.80%.
Furthermore, VAPE tokens can be traded on various decentralized exchanges, with VaporDEX being the most popular platform for these trades. The most active trading pair on VaporDEX is VAPE/USDC, which has recorded a trading volume of $92.05 in the last 24 hours.
While VAPE’s recent price performance shows some decline, its integral role within the VaporDEX ecosystem positions it well for future growth. The token’s ability to facilitate governance participation and access unique value experiences makes it a valuable asset for users within the ecosystem.
Despite recent underperformance compared to the broader cryptocurrency market and other Avalanche Ecosystem tokens, VAPE’s potential for adaptation and growth remains strong. Investors and users should monitor the evolution of the VaporDEX ecosystem to understand VAPE’s long-term prospects.
What Might Be The Next Top Trending Crypto
Even though Avalanche posts some of the top trending cryptocurrencies in the market today, investors looking to make money from the market should look for projects that could become trending assets in the future.
99Bitcoins is an upcoming project to watch, particularly for investors looking beyond the bull market. When the bull run ends, utility and sustainable value become core values of crypto investing.
The project aims to deliver crypto knowledge to users worldwide and ensure they gain financial benefits from doing so. Through the 99BTC token, the crypto community can increase their awareness of the industry and earn ROI by holding a token.
In addition, 99Bitcoins offers consistent signals to investors and traders to help with trading success. With the signals, traders can increase their edge in the market. The platform also offers consistent news updates, particularly on evolving trends in the crypto market.
$SOL is showing strong bullish momentum with $32M in short positions recently liquidated. 🫣
This support is reinforced as the market anticipates the launch of spot Ether ($ETH) ETFs, which could positively impact #Solana's price movement.#99Bitcoins #Crypto #BTC pic.twitter.com/K5SPw4wDPS
— 99Bitcoins (@99BitcoinsHQ) July 24, 2024
At the time of writing, investors can purchase the 99Bitcoins token at $0.0015. The presale discount is offered for a limited period, and as the project approaches the milestone, the price increases.
Hence, purchasing the token early helps investors get in at a fair price and increases the chance of earning substantial ROI. The project’s website provides a step-by-step guide on how to participate in the presale, and investors can also find information about the project and its progress on the 99Bitcoins social media platforms.
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