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The overall atmosphere in the crypto market remains calm today as assets move into the consolidation phase of price action following yesterday’s expansion. BTC finds support at the $60k price level, and ETH posted a marginal increase of about 7% today.
The shift in price data suggests that the market may have an eventful movement in the coming weeks. Meanwhile, the most trending cryptocurrencies on Polygon today are among the top gainers in the market. Many of the cryptos within the chain have outperformed the market by a wide margin in the last 24 hours.
Notwithstanding the consolidation in the crypto market, presale tokens are making noteworthy moves. Today’s post covers the presale of the PlayDoge, an upcoming meme coin project. PlayDoge has raised over $6 million through the presale offering of the PLAY token, and the opportunity to participate in the presale is still open to all. The summary of all that investors need to know about the project is included below.
1. CULO (CULO)
Culo has a price of $0.051221 today, giving it a 24% increase on the price the market saw 24 hours ago. Besides the pumping price of Culo, the token also recorded a volume increase of over 251%. Arguably, the growing visibility of the token may have accounted for the increase in the trading volume.
On the other hand, the token’s chart suggests that its price has maintained an upside for nearly 7 days. Since it kicked into price recovery a few days back, it has kept the path until the time of writing.
More importantly, the CULO is working towards launching a multi-chain debut, and substantial results have been achieved in that regard. It, therefore, accounts for the sustained uptrend seen on its chart. Even though CULO is trending and gaining traction, it’s yet to achieve a CEX listing, creating a drawdown for its investor appeal.
Memes are here to stay as well…
Mass adoption will come via MEME’s
SUPPORT THEM ON YOUR CHAIN..💎💎☔️☔️☔️☔️☔️☔️☔️@CULOEXPERT https://t.co/ryEgmoAkV1— $CULO (@CULOEXPERT) August 1, 2024
Regarding sustainability, Culo is in the memecoin category. Projects in the category are particularly notorious for experiencing diminishing returns over a long period. Sadly, Culo has yet to show a clear path to sustained growth through its road map or marketing message. Hence, investors may have to research the project further to understand its core value proposition.
Overall, the trending status of the CULO app puts it in a position to attract more investors over the coming months. For the sake of tracking the project’s progress, investors can include Culo on their watchlist to see how the price evolves over the coming days.
2. METAL (METAL)
Today, METAL trades against WMATIC trade at over 50% increase in margin. The facts behind the sudden increase in METAl’s price are relatively unknown as the news surrounding the project is hardly bullish. Nonetheless, the project’s data suggest that there’s a substantial increase in its intraday trading volume, which is up by nearly 100% today.
The volume pump reflects the trending status of the token as it sits among the top five trending cryptocurrencies on the Polygon network today. In addition to increasing volume and improving price, METAL also recorded a market cap increase, giving it a valuation of $6.07 million at press time.
Generally, METAL, which also goes by the name Badmat Robot, is a GameFi project designed to provide an immersive, entertaining, and rewarding experience to users. The shift in market sentiment towards GamFi trends gives METAL and its investors a chance to earn substantial returns in the long run.
While METAL and its investors may be having a great day today, thanks to the trending status of the asset, its long-running bearish trends throw shade on the moment. A glance at the METAL chart reveals weeks of downtrend.
Thankfully, the price action of the token found support for the recent double-bottom formation that appears on the chart, a signal trend reversal. Nevertheless, it needs to be clarified if the project can attract the liquidity it needs to maintain the structure. Elsee, META investors may be plunged into a fresh round of price decline.
In the end, even though the project made it to the trending list today, it’s hard to ascertain if it will continue the trend in the coming weeks. Investors looking at the token for investment opportunities may have to watch the current trend take shape before making a decision.
3. FrontFanz (FANX)
There’s an apparent divergence between the FANX chart and its social sentiment. While the project is gaining popularity, the market data shows further value decline. FrontFanz makes the top five spot on the Polygon trending list today, with over 30% price increase and a boost in its trading volume.
FrontFanz DEXTools data shows that the holder of the token count increased by about 10% recently, which may have accounted for the project’s trending status. The FrontFanz project is described as a Web3 subscription platform that allows users access to cutting-edge live streams and video subscriptions.
The project’s market cap at press time is sub-million-dollar, which signifies that it cannot dominate the SocialFi sector at the moment. Generally, social media and communications-related projects on the blockchain have underperformed the crypto market. This puts FrontFanz and its community in a spot where they might be forced to swim against the tide to reach success.
However, as its price action picks up, in line with an overall improvement in the sector’s performance, FrontFanz might unlock its potential. In the meantime, investors should keep the project on their radar as its price evolves over the coming weeks.
What Might Be The Next Top Trending Crypto
Play-to-earn is one of the initiatives that gave the crypto market the initial hype it needed to capture the global market. However, combining P2E with GameFi is the recent game changer. One of the projects gaining massive traction in the new space is the PlayDoge token. Most meme coin projects focus on achieving critical mass by attracting sizable communities. Play Doge, on the other hand, blends utility with community-driven values.
The project aims at delivering a fun and engaging experience to the crypto ecosystem without compromising the long-term value of its underlying asset. Most meme coin projects often fizzle out as soon as the community value structure fails to provide the liquidity to keep the project alive. PlayDoge, however, comes with a built-in gaming experience, allowing users to have fun. The game also allows PLAY holders to build their reserve of PLAY tokens.
PLAY is the native cryptocurrency of the PLAYDoge project. Investors can purchase the token on presale at $0.00527. At the time of writing, the presale program has raised over $6 million, and thousands of investors are joining the community on its social media platforms. Generally, the apparent success of the presale program gives off the immense potential of the in the long run.
Accumulating the token on presale gives investors the opportunity to own a sufficient amount of Play ahead of the exchange listing. The details of the new project and how to participate in the presale offering of PLAY are available on its presale website and official Twitter handle.
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