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Meme crypto projects dominate the top trending cryptocurrencies on Ethereum today. This trend suggests a possible shift in market interest towards meme coins. Moreover, the sideways trends of major crypto projects make investors seek opportunities for substantial ROI.
Meanwhile, ETH recently responded to market movements after weeks of stalled performance. Similarly, the tokens within the network lead the gainers’ list on DEXTools today, with many assets posting four-figure percentage gains.
Top Trending Cryptos On Ethereum
Today’s post covers the performance of the tokens within the Ethereum network, mostly the top trending cryptocurrencies on the Ethereum Chain. It also provides an analysis of the presale offering of the MGMES token.
1. MAGA AGAIN (MAGAA)
Make America Great Again is a phrase popularised by the former president of the United States, Donald Trump. MAGA, an acronym derived from the Make America Great Again phrase, has been widely used by several memecoin. A crypto project pushing the boundaries of the phrase is the MAGAA.
According to its DEXTools coin page, it’s the brainchild of an experienced crypto crew who wishes to support the Donald Trump movement. Despite the slow market condition in the meme coin sector, the MAGA Again project has seen significant adoption. At the time of writing, Dextools reports that the project has nearly 4,000 holders.
Extremism is dangerous and leads to loss of freedoms. Western civilization is falling apart because it has drifted too far to the left. For the sake of the world, we need a course correction.
You don't have to love Trump to see he is the only option. https://t.co/6slw4ijprv
— $MAGAA (@MAGAAtoken) August 10, 2024
In addition to its progressive adoption, Maga Again boasts an 182% price increase in the last 24 hours. Its trading volume increased by over 398% today, putting it among the top trending cryptocurrencies on the Ethereum chain. MAGAA is valued at over $22 million in market cap today. Arguably, it’s among the fastest-growing meme coins on the market.
The token has achieved $1.72 million locked liquidity, implying it might be gearing up for a CEX listing. At the time of writing, there is no information about the intention. However, a successful CEX listing would likely unlock the next level of MAGAA value.
For its drawdown, the token’s circulating supply is pegged at 1 billion dollars, equal to its total supply. Despite the token’s growing influence and holder count, trading activity remains relatively low, with 81k reported transactions on DEXTools.
2. Meta Monopoly (MONOPOLY)
Once in a while, crypto tokens, particularly meme coins, pump aggressively to give Degen investors a chance to earn a substantial reward on their investments. Meta Monopoly falls into these categories today. The project recorded an over 100% price increase today as it climbs to the top trending cryptocurrency on the Ethereum chain.
Meta Monopoly is described as a cutting-edge digital platform with a vision to harness the Play-to-Earn sector of the crypto market. Although the project shares a name with the popular Hasbro brand, it is not affiliated with it.
Meta Monopoly extends its DeFi activities beyond its native cryptocurrency. It also offers a uniquNFTft asset with the Ticker MMNFT. However, the NFT wing of the project is relatively less popular than the MONOPOLY token. DEXTools ranks the project among the top trending on the Ethereum chain today after it posted a nearly 50% increase in price.
According to DEXTools, Meta Monopoly has a market cap of $24 million and a locked liquidity pool of $154k. Given the project’s liquidity, it might be a while before investors see a Meta Monopoly CEX exchange listing.
Meta Monopoly’s trending status notwithstanding, investors considering the token for an investment opportunity may have to wait until it achieves critical mass for sustainable growth before making a decision. More importantly, the token’s price chart reveals that it would likely switch to a trend reversal as it trades at an established resistance level.
3. Neiro (NEIRO)
Meme coins generally outperform the crypto market by a wide margin, particularly the popular ones. According to DEXTools, Neiro is one of the top trending crypto meme coins now, boasting over 15 thousand holders. The project came into the limelight, positioning itself as the sister to the popular meme projects Doge and Kabosu.
Neiro’s performance has been quite remarkable. It attained over $256 million in market cap within a few weeks of its debut. Usually, most trending memecoin goes into oblivion before making a quarter-billion market cap. At its current pace, many crypto enthusiasts anticipate Neiro’s becoming the Pepe of this season.
The coin achieved over $22 million in trading volume in the last 24 hours. While today’s volume is 22% lower than yesterday’s, the current retrace from the ongoing run shows holders are willing to hang onto their tokens for further upside. Moreover, the token has seen an improved volatility rating, with DEXTools data ranking at 3.54. Hence, holders may expect lesser price fluctuation in the coming weeks.
From its market data, it’s clear that the project is primed for an upside. The Neiro’s chart reveals a break out of its consolidation phase. It implies that if the overall crypto market outlook remains favorable, investors might see a continued upside for the emerging token.
However, there are equally higher chances of a momentary pullback before the token reaches for more gains. Investors should keep the token on their watchlist, especially as it gears up for centralized exchange listing.
What Might Be The Next Top Trending Crypto
The coin targets meme coin enthusiasts and degen investors. It promotes the Olympic narrative. However, The Meme Games Olympics aims to showcase the strengths of existing meme coin projects. It features a lineup of popular memes, including Pepe, Brett, Wif, and older projects like Doge.
Participants in the games select their preferred meme project to enter the competition. However, the chance to participate is only open to MGMES holders. Participants can take advantage of the presale opportunity to purchase the token at a discount.
Thankfully, the presale offer comes with a 25% bonus, and the details of how to take advantage of the opportunity are provided on the project’s presale website. Participants receive a 25% bonus if their preferred meme crypto emerges victorious. According to the leaderboard, Pepe tops the chart with 81 wins.
Also, The Meme Games offers presale investors a chance to stake their tokens for an opportunity to earn up to 589%. Investors can find details of the staking offer and duration on the project’s official website.
Similarly, the project’s social media outlets, particularly the Twitter handles, are regularly populated with project-related updates. Hence, investors should participate on the platform for further details.
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