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Since incorporating Bitcoin into its financial strategy in April 2024, Japanese company Metaplanet has seen its stock soar by 443.2%, outperforming other major assets. This dramatic rise is mainly attributed to the firm’s decision to adopt cryptocurrency, which has boosted investor confidence and driven higher demand for its shares.
Meanwhile, Aerodrome, a decentralized exchange (DEX) operating on the Ethereum-based Base layer-2 network, has surpassed $1 billion in total value locked (TVL). DeFiLlama data shows that the protocol’s TVL increased by 22% over the past week, pushing it beyond the $1 billion milestone. Additionally, the price of AERO, Aerodrome’s native token, has jumped by 50% within the same period. Meanwhile, tokens within specific blockchains have also witnessed rallies. This article curates the trending cryptocurrency tokens on Avalanche Chain today.
Trending Cryptocurrency Tokens on Avalanche Chain Today
The current price of Lucky Coin (LUCKY) stands at $100.98, with a market cap of $78.45K and a 24-hour trading volume of $2.44K. BloodLoop is a 5v5 hero shooter set in a futuristic, dystopian world, offering intense third-person combat gameplay.
PHARAOH (PHAR) is currently valued at $39.278, reflecting a 7.71% increase over the last 24 hours. Meanwhile, Pepe Unchained (PEPU) is gaining traction in the crypto space, having raised over $17 million through its presale. In addition, Bitwise has submitted a filing with the SEC for the launch of an XRP-focused ETF.
1. Lucky Coin (LUCKY)
The live price of Lucky Coin (LUCKY) is currently $100.98, with a market capitalization of $78.45K and a 24-hour trading volume of $2.44K. Over the last 24 hours, the coin has experienced a slight decrease of 1.25%. The circulating supply stands at 776.97 coins, which is also the total maximum supply.
The market showed minimal activity during this time, with only one volume unit recorded. This suggests low liquidity or infrequent trading. A sudden green candlestick highlighted a notable upward movement in price, signaling a 1.75% gain. However, this was quickly followed by two small red candles, indicating a mild price retracement or correction. This shift suggests that after the initial upward push by buyers, sellers attempted to bring the price back down, although it remained relatively stable at around 0.03833 USD.
After this price spike, there seems to be a period of sideways movement, suggesting possible consolidation. This phase may indicate that the market is adjusting to the new price level, with traders likely waiting for additional data or signals before making their next move.
The sharp price increase, despite the low trading volume, points to limited liquidity. As a result, even a small number of trades can have a significant impact on price movements. The current consolidation period suggests some uncertainty in the market, as traders may be cautious about the next price direction.
Further market data shows the coin has a liquidity pool of $28.8K and 789 holders. The volatility stands at 0.0846, while total transactions have reached 11.23K. In the liquidity pool, 554.74 WAVAX and 142.66 LUCKY are held, with 18.36% of the total supply pooled.
2. BloodLoop Shard (BLS)
BloodLoop is a 5v5 hero shooter that combines intense third-person combat with a futuristic, dystopian setting. The game features teams of heroes, each with unique abilities, allowing players to experiment with various strategies and playstyles. Set in a world where factions battle for dominance, it aims to offer an engaging experience for fans of tactical shooters.
Developed by veterans from industry-leading studios such as Crytek, Ubisoft, and Activision, BloodLoop blends innovative elements with familiar mechanics. Its objective is to provide a fresh yet accessible experience that can appeal to both newcomers and seasoned players.
On the market side, the BloodLoop Shard (BLS) token currently holds a live price of $0.230, with a market capitalization of $5.34 million. In the past 24 hours, the trading volume saw a modest increase of 16.73%, with $2.93K worth of transactions. BLS has a circulating supply of 23.25 million out of a total of 350 million coins. With 7,170 holders and a total market cap of $80.50 million, the token’s current supply represents about 6.64% of the maximum.
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— BloodLoop🔺 | Hero-Shooter (@BloodLoopGAME) September 30, 2024
Recent price action shows some volatility, with a notable increase of 1.88%. Earlier, the price surged from $0.215 to $0.230, likely driven by buying interest. However, a period of slight correction followed, stabilizing the price. Trading volume remains low, which may lead to higher price fluctuations due to lower liquidity. The current price movement reflects cautious optimism, as seen in the balance between green (buying) and red (selling) candlesticks on the chart.
3. PHARAOH (PHAR)
PHARAOH (PHAR) is currently priced at $39.278, showing a 7.71% rise in the past 24 hours. With a market capitalization of $719.97K and a daily trading volume of $20.24K, the token has seen notable activity. Out of its maximum supply of 113.45K, around 18.33K PHAR coins are circulating, accounting for 16.15% of the total. The number of holders has reached 5.18K, indicating a growing interest in the token.
Liquidity for PHARAOH is reported at $492.1K, with assets pooled between 9.87K WAVAX and 6.18K PHAR. The token has a moderate volatility index of 0.0411, suggesting the possibility of price fluctuations. The total number of transactions, currently standing at 20.36K, points to active engagement, though the relatively low daily volume could impact short-term price movement.
We’ve just surpassed $82M trade volume in Epoch 41 which is a new all time high for a single epoch!
Thank you to everyone for being a part of this incredible journey. Every trade strengthens Pharaoh and the AVAX ecosystem.
Remember, with 72% of fees flowing back to vePHAR… pic.twitter.com/32TRryDxAX
— Pharaoh on AVAX (@PharaohExchange) October 2, 2024
Looking at the BLS/USD pair’s price action through a candlestick chart from DEXTools.io, we observe some volatility. The current price sits at $0.2300, reflecting a 1.88% increase. The most recent candle opened at $0.2257, reaching a high of $0.2300, indicating slight upward movement. Earlier in the chart, a series of green candlesticks signaled a bullish trend, pushing the price from around $0.215 to $0.2300. This rally was followed by red candlesticks, suggesting a brief correction or profit-taking after the initial surge.
What Might Be The Next Top Trending Crypto?
Pepe Unchained (PEPU) is gaining attention in the crypto market, largely due to its successful presale, which has already raised over $17 million. The project distinguishes itself by building a Layer-2 network specifically designed for meme coins. This network aims to offer faster transactions and lower fees compared to Ethereum while also maintaining a strong focus on security
One of the most notable aspects of Pepe Unchained is its “Pepe Frens with Benefits” initiative, a developer grant program aimed at fostering the creation of decentralized apps (dApps), NFTs, and DeFi tools. By focusing on attracting developers early on, the project is positioning itself to launch with a variety of practical applications. Consequently, this approach could help Pepe Unchained carve out a place in the highly competitive Layer-2 space.
For investors, the project also offers an attractive 125% annual percentage yield (APY). Moreover, tokens are currently priced at $0.00991, and speculation about potential listings on major exchanges is further fueling interest. While specific details regarding these “Tier-1” listings have yet to be released, the hints are creating anticipation among investors.
The Breaker of Chains strikes again!
$17M raised 🏗️ pic.twitter.com/dTpGIkooRO
— Pepe Unchained (@pepe_unchained) October 2, 2024
Additionally, another factor contributing to the project’s momentum is the growing interest of larger investors. For instance, recent purchases of 23 ETH and 10 ETH by so-called “crypto whales” suggest increasing confidence in its potential. This trend is often viewed as a positive signal for emerging projects like Pepe Unchained.
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