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News of liquidation is again headlining the crypto market as crypto assets record fresh price declines over the Weekend. Many major crypto tokens, including BTC, ETH, and SOL, were not spared in the current phase of bear pressure.
Moreover, several altcoins suffered nearly 30% price decline in the last 24 hours. Amidst the bear sentiment in the market, a handful of tokens on the Base chain posted positive price action today, and this post gives a quick analysis of their price action.
Most Trending Cryptocurrency on Base Chain Now
At the same time, the article covers the presale offering of the 99bitcoins token. The project is wrapping up the ongoing presale program on the 6th of August. Hence, this article presents a quick summary of the project’s value proposition and presale program.
1. Cardano on Base (ADAB)
Developers within the base ecosystem, like Solana, are often adventurous, exploring innovations in the crypto market. A recent trend within the network is the replication of existing crypto projects on the Base chain.
One of the recent projects that’s trending today is the Cardano on Base. The Cardano chain network that owns the ADA token is one of the largest blockchain projects globally.
The base version of the project, however, has a relatively smaller presence. Nevertheless, ADAB is gradually gaining traction, and DEXTools reports a total holder count of 15,600 and a circulating supply of 750 million tokens at press time.
Due to its relatively new status, the market data available regarding the project is quite minimal. Hence, it’s hard to assess the market value of the project accurately.
Nonetheless, a look at its charts suggests that the overall price trend is declining, which means it’s struggling to sustain the buying pressure it received at the outset. On the other hand, DEXTools’ ranking shows that the project is among the top trending tokens on Base today, which suggests that investors are paying attention to the project again.
Smart whales loading up $ADAB because they know we build! 🎉 We are happy having you on board! 🐈 ROARRR 👇 https://t.co/iRUvrNC1iP
— $ADAB CTO (@CardanoBaseCTO) August 5, 2024
Ultimately, the team may find novel ways of attracting new buyers and getting the price back to the upside. Investors who are enthusiastic about the base chain can keep the token on their watchlist to see how the price and market data evolve in the coming weeks.
2. Litecoin on Base (LTCB)
Another project on the base chain that’s replicating existing crypto projects within the Base ecosystem is the LTCB token. The project is rebuilding the popular BTC fork, Litecoin, within the Base network.
LTCB reportedly has over 6600 holders, according to DEXTools, and it has completed over 45,000 transactions, as seen on Basescan. The project reports a total token supply of 84 million, which is the same value as its circulating supply.
Despite the growing popularity of the Base chain, Litecoin on Base is apparently underperforming by several metrics. The project seems to have a faceless team as its social media platforms are sparsely populated with fresh content, and other key metrics that could boost investors’ confidence are missing from its online platforms.
However, DEXTools reports LTCB as one of the trending cryptocurrencies on the base chain today, which implies that it’s one of the tokens to watch. A look at the tokens chart shows the bullish candles with significant volatility. This suggests that buyers are increasingly coming into the market for LTCB tokens. The token also posted a double-digit percentage increase in price today, cementing the argument that it might stall its current dump and switch to an uptrend in the coming days.
Nevertheless, LTCB might need to do more than post-green candles and price increases if it hopes to sustain the current price action. There might be a need for further branding and improved marketing to boost investors’ confidence in the project.
3. Poe (POE)
Poe is a meme coin project that’s built on the Base chain. According to the project’s website, it’s a community-driven decentralized project with an ambition of rising to the status of one of the most significant meme crypto in the market.
Today’s market data reflects the project’s bold mission and ambition. DEXTools reports over 50% increase in the price of POE in the last 24 hours, which comes against the bearish sentiment in the crypto market. With investors looking for assets to hedge their gains, it’s clear why upcoming projects like POE are seeing an influx of funds.
Basescan shows that POE has over 61195 holders and a circulating supply of 1 billion tokens. Also, according to Basescan, POE has completed over 95,608 transactions since its inception. While the project’s holder count is quite substantial, the transaction count apparently does not correlate to the holder count. The reported value may become questionable with further research.
Ultimately, Poe’s chart are showing signs of potential recovery as more green candles appear amidst the overall downtrend. The change in trend sentiment could signal potential strength for the token, and investors can include POE on their watch list to see how its trend unfolds in the coming weeks.
What Might Be The Next Top Trending Crypto
99Bitcoins may be an initiative that would launch the world to the next phase of evolution in the educational sector. With its innovative approach to learning, the world is about to witness a new level of disruption in the education space.
The project’s pioneering the Learn-to-Earn initiative. The concept aims to reward learners for participating in knowledge acquisition. Specifically, it equips crypto investors and traders with knowledge of the industry and effective trading strategies.
Along with the educational resources, the 99Bitcoins project also offers consistent signals to traders. However, access to the trading signals is only provided to holders of the 99BTC token.
Only 1 day left until the end of the $99BTC presale! 🚨
Get your tokens before it's too late. #Presale ends on August 6th at 9:30 AM UTC.
Buy and stake now for over 600% rewards! 🔥
Join now 👉 https://t.co/9aJ5rE5LY3#99Bitcoins #Crypto #BTC #Airdrop pic.twitter.com/Pusxej6v5h
— 99Bitcoins (@99BitcoinsHQ) August 5, 2024
At the time of writing, investors await the opportunity to claim their purchased tokens. However, the claim will commence on the 8th of August. Likewise, the team recently announced the 6th of August as the closing date for the presale offering of the 99BTC token.
Along with the announcement of the closing date, the 99BTC team also released the announcement that token holders can now stake their tokens for an APY of 672%. The chance to stake tokens for more gains offers interesting opportunities to early investors. The details of the staking offer and other critical information can be found on the project’s presale website.
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