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The odds of finding a profitable token to invest in are very slim for investors without market insights. In fact, the odds are lower than placing a winning bet in the casino. However, experienced traders use special strategies while looking at top trending cryptos on GeckoTerminal to attempt to lower those odds and improve their chances.
Recent market analysis has shown that some tokens have witnessed a spike in their trading activities. This trend suggests investors have seen the potential of these tokens and are accumulating them in larger quantities. Therefore, we analyze some trending Cryptos on GeckoTerminal, the reasons why they are trending, and why investors should consider adding them to their watchlist.
Trending Cryptos on GeckoTerminal Today
This article analyses a presale token that has been predicted to increase by over 500% upon its launch. The token – Base Dawgz is a multi-blockchain platform that completely simplifies the process of “jumping” between several blockchains. We will explore how this “Base jumping feature has made the token a formidable player in the crypto market.
Meanwhile, Symmetry is transforming portfolio management by revolutionizing the way users create, manage, buy, and sell crypto indices and actively manage funds. Also, Neiro Ethereum has defied recent market volatility to become the 15th largest meme token by market cap. Will Neiro sustain its current momentum? This analysis will provide a comprehensive breakdown of this and other market trends.
1. Matrix Chain (MTC)
Matrix Chain is a decentralized network protocol developed to address several traditional blockchain limitations. It provides a scalable, efficient, and secure platform for a wide range of blockchain applications. The project’s mission is to create a decentralized infrastructure that can support a wide range of use cases, such as financial services, supply chain management, and gaming networks.
The platform uses a sharding mechanism to divide its network into smaller shards. By sharding or dividing the transaction into several bits, the protocol ensures that transactions are processed faster and more efficiently. Moreover, the Matrix Chain is compatible with other blockchains and protocols. This interoperability makes it easy for users to transfer assets and information between several chains.
Furthermore, the project shows a strong commitment to transparency and security by leveraging a Proof of Stake (PoS) consensus mechanism. It has also passed several rigorous audits by top security experts and audit firms like Cyberscope and TrustCova. The audit process meticulously reviewed all aspects of the platform, including source code, smart contracts, and consensus mechanisms, which confirms that Matrix Chain adheres to the highest security standards.
🌟 Step into a new era with Matrix Smart Chain!
As we launch Matrix Smart Chain, the first 500 Validators will enjoy exclusive future benefits, paving the way for innovation and growth.
Don’t miss this chance to be part of something revolutionary. The future awaits! 🚀 pic.twitter.com/r8eic8oryU
— Matrix Chain Official (@Matrixchain_no1) August 22, 2024
At the time of writing, MTC’s market price is $0.003739, indicating a 17% increase over the previous day. This value has been sustained, as its 12-hour price chart shows it is still up 13%. Investors have shown their faith in the project, as evidenced by a 75% score on the Fear and Greed Index metric.
The recent price growth can be attributed to several announcements on the MTC’s Twitter account last week. First, the team touted a formal agreement it was working to finalize with an Asian firm. Its proposed entry into the Asian market could open doors for wider adoption of the token, which could make the token fly even higher.
2. Base Dawgz (DWAGZ)
Investors and Analysts can’t stop talking about Base Dawgz right now. The project shatters the meme coin barrier to offer users several innovative features. It sprung into the market as a multichain token available on Ethereum, Solana, Base, BSC, and Avalanche.
The Layer-2 Base token leverages Wormhole and Portal Bridge to allow users to transition seamlessly across multiple blockchains. This interoperability allows it to easily bridge across some of the most active and liquid networks in the Web3 ecosystem. The platform’s rate of adoption has demonstrated signs that it will overshadow the success of its predecessor, Brett.
Meanwhile, investors do not have to wait until launches to start making high ROI because anyone who buys and stakes DAWGZ during its ongoing presale phase will unlock access to an 803% APY. Investors have rushed to latch onto this juicy opportunity, which is evident in its presale funding, which has generated almost $3 million at the time of writing.
GM $DAWGZ and welcome to a new week!
We are so close to reaching $3M! Just a small push and we'll be there 🪂 pic.twitter.com/PS9UGfwhMb
— Base Dawgz (@BaseDawgz) August 19, 2024
However, investors have to act quickly by buying the token right away to enjoy these special offers. The price has also been structured to increase as the presale progresses. For investors that want to buy the token today, DAWGZ is currently available at $0.008173, but this will increase in 3 days.
3. ANON (ANON)
ANON is an innovative crypto project built to provide anonymous and secure transaction services to users. The platform offers a privacy-focused alternative to other existing decentralized protocols by leveraging advanced cryptographic techniques to hide users’ identities and transaction details. This unique solution has attracted the attention of big market players who are accumulating large quantities of tokens.
Furthermore, the token uses strong cryptographic algorithms to protect users against hacking and other security threats. ANON prioritizes user privacy by deleting transaction data and making it difficult to trace funds. The project also aims to improve transaction speed and efficiency through cutting-edge technological advancements.
Meanwhile, the ANON token has recently broken out of a long-term resistance level, which analysts have interpreted as a signal for the beginning of a bullish trend. The token opened its trading value at $0.005843. This price indicates it has risen by over 37% in the last 24 hours. This spike in value is also accompanied by a trading volume growth of 48% to demonstrate renewed interest in the token.
🧊 We will soon introduce the Market tab, where you will find new features like Pre-sales, Pre-market and Trade.
🎱 In the Trade section, you will be able to trade game items, and in the Backpack and Laboratory sections, you can manage them in various ways.
🟠 The long-awaited… pic.twitter.com/Fjk0DkTnar
— Anon (@anonclub8) August 9, 2024
Although an RSI of 70 indicates that ANON is overbought, it also suggests strong upward momentum. The token is currently trading above its 50-day and 100-day moving averages, further assuring its holders that its bullish uptrend will be sustained. Analysts have predicted that the token would break above the $0.00937 price level this month if the bulls manage to hold on to the $0.00678 support level.
4. Neiro Ethereum (NEIRO)
Neiro Ethereum is a new meme coin inspired by a Shiba Inu named “Neiro.” Atsuko Sato spearheads the project. Coincidentally, Sato is the same woman who owned Kabosu, the Shiba Inu that inspired the original Doge meme. The token quickly gained widespread virality after the founder of Ethereum donated some of his $NEIRO to charity and burned the rest.
Meanwhile, NEIRO launched on Ethereum after a series of Neiro-themed meme coins appeared on Solana. While these Solana-based coins struggled to dominate the Neiro meme, Neiro Ethereum quickly gained widespread adoption and became the 15th biggest meme coin by market cap. Within days, $NEIRO on Ethereum established itself as the leading token in the Neiro meme space.
Although NEIRO is trending due to the recent token donation and burning, it is also making waves due to its market performance. The token broke out of a long-term resistance level that saw it flip over 100% this week. It has maintained a steady grip on this profit as it posts a 13% uptick over the last 24 hours at $0.00003918. Moreover, its RSI is slowly creeping toward a mark of 60 to suggest the beginning of what could be a bullish trend.
Therefore, because Neiro Ethereum has become the 15th-largest meme coin by market cap, it is likely to remain an important meme coin for years to come. Investors might crave a small part of their portfolio for the tokens. Some analysts believe it might hit $1 in the future. While farfetched, a $1 price corresponds to a market cap of $1 billion, which might be possible for the token if it maintains its current momentum.
5. Symmetry (SYM)
Symmetry is a decentralized infrastructure platform for Crypto Indices and Actively Managed Funds. The protocol leverages the Solana blockchain and the Symmetry Engine to offer its users a wide range of functionalities. Some of the services it provides include on-chain funds, indices, and multi-token liquidity pools. It also facilitates liquidity routing between indices and decentralized exchange (DEX) aggregators.
Furthermore, Symmetry provides public APIs that allow other DeFi projects to integrate Symmetry’s products seamlessly. Fund managers can create and oversee funds composed of multiple tokens. These funds can be reweighted, rebalanced, and refiltered based on custom rules set by the manager. Users, on the other hand, can craft their own actively managed funds or indices, as well as trade funds created by other users or protocols.
Meanwhile, the token is exchanging hands today at $0.004332. Despite a significant dip in its value, it still has a healthy 59% increase over the previous week. Analysis of its 4-hour chart also shows that it has broken out of the 24-hour dip to begin posting green candlesticks. SYM is also trading 47% higher than its 100 Simple Moving Average (SMA) to demonstrate its long-term sustainability.
ℹ️ Symmetry allows you to create, manage and trade baskets of tokens. These Symmetry baskets function as "portfolios of tokens".
1. Swap any Token for Beyond LST
2. Enjoy a high APY on your SOL through the LST basket
3. Farm Symmetry's S2 which is still ongoing… pic.twitter.com/XOv7sbM3HY— fabiano.sol (@FabianoSolana) August 4, 2024
Consequently, the introduction of the Symmetry User Interface signifies a significant shift in DeFi. It is revolutionizing how users interact with and manage their crypto portfolios. As the platform gradually releases its complete range of features, it is set to attract more investors. Therefore, it is advisable to jump on the train before the token skyrockets.
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