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Bitcoin has achieved a significant milestone in the cryptocurrency market, with its market capitalization exceeding that of Ethereum, its nearest competitor, by over $1 trillion. As of this report, Bitcoin is trading at $68,366, with a total market cap of approximately $1.35 trillion. In contrast, Ethereum is priced at $2,647, resulting in a market cap of around $318.68 billion. This means that Bitcoin currently leads Ethereum by $1.03 trillion, representing more than four times Ethereum’s market value.
According to James Check, a lead analyst at Glassnode, the existing gap of over $1 trillion between Bitcoin and Ethereum marks a record spread—indicating that such a disparity has never been observed in the history of these cryptocurrencies. Meanwhile, tokens within several networks have also witnessed rallies. This article curates the top trending crypto coins on DEXTools.
Top Trending Crypto Coins on DEXTools
MINO is currently priced at $0.000625, with a market capitalization of approximately $852.86K. Meanwhile, Pal (PAL) is trading at $0.0139, boasting a market cap of $9.13 million and a 24-hour trading volume of $1.51 million.
Recent price fluctuations for $ROAR indicate a significant change in market trends. In other developments, Pepe Unchained (PEPU) has successfully surpassed $20 million in its presale. Additionally, Bitcoin has increased by 9%, marking its strongest week in over a month.
1. Mino (MINO)
MINO currently trades at $0.000625, with a market capitalization of $852.86K. In the past 24 hours, the trading volume surged to $3.38M and a price increase of 25,004.03%. MINO has a circulating supply of 1.00B coins, with no additional coins expected, as it has already reached its maximum supply of 1.00 B.
When analyzing the MINO/USD chart in a 15-minute timeframe, several key price trends emerge. The price opened around $0.0006068 and gradually climbed to $0.0007927, representing a 30.63% rise over the observed period. Moreover, the price reached a high of $0.0008874 and dipped to a low of $0.0004788, highlighting notable volatility. A sharp bullish rally pushed the price close to $0.0012; however, this was followed by a correction, which caused a downward movement in the later candles.
The candlestick patterns further reflect this price action. Initially, the market experienced a phase of consolidation, with small candles signaling limited volatility. However, around midday, a bullish trend emerged, marked by larger green candles that showed strong buying pressure. This was soon followed by a correction phase, where a series of red candles indicated selling pressure, likely as traders took profits or shorted the asset.
ALREADY MORE THAN 500 $MINO HOLDERS 🐕$MINO SHIBA ARMY IS GROWING 🦴https://t.co/5fxRNHMEU6 🐾 pic.twitter.com/RCEOyYfxtm
— $MINO (@minoshib) October 20, 2024
Market sentiment appeared to be bullish during the initial part of the session, likely driven by positive market developments or increased demand. However, the correction in the latter part of the chart suggests a short-term reversal, likely due to profit-taking or a natural market adjustment after the rapid price increase.
2. Pal (PAL)
Pal (PAL) is changing hands at $0.0139, with a market cap of $9.13 million and a 24-hour trading volume of $1.51 million. It has witnessed a significant 10,306.67% increase in trading activity over the past day. The circulating supply of PAL is 1 billion tokens, which also represents the maximum supply.
Initially, PAL’s price experienced a rapid rise, starting at $0.009171 and peaking at $0.009762. This sharp increase suggests a strong bullish trend driven by heightened buying pressure. However, this momentum was short-lived, as the price quickly dropped to $0.008625. Currently, it has slightly recovered to $0.009181, though it remains near the session’s low.
During the price surge, trading volume spiked significantly, with 127,964 tokens exchanged. This indicates that a large number of traders entered the market, fueling the initial rise. Furthermore, even as the price declined, the trading volume stayed high. This suggests that many sellers were likely taking profits or reacting to what could have been an overbought condition.
In terms of candlestick patterns, the initial green candle reflected strong buying activity. However, this was soon followed by several red candles, signaling a steady decline as sellers began to dominate the market.
Overall, market sentiment initially appeared bullish, likely driven by positive catalysts or large buy orders. Nevertheless, the sharp sell-off indicates a quick shift to bearish sentiment, possibly due to profit-taking.
3. $Roar (ROAR)
The recent price movement of $ROAR shows a notable shift in market dynamics. Initially, the price spiked to 0.00992, accompanied by a significant surge in trading volume. Additionally, there was a remarkable 12,066.05% increase in the last 24 hours, indicating strong buying interest. Tall green candlesticks marked the early price action. This pattern reflected upward momentum with minimal resistance from sellers. This initial bullish sentiment was likely driven by market optimism or a positive event. Such factors encouraged buyers to push prices higher in a short period.
However, this surge was soon followed by a large red candlestick, signaling a bearish reversal. This suggests that buyers were quickly exhausted. Consequently, sellers aggressively took over, wiping out much of the earlier gains. The trading volume remained above average, although it slightly decreased during the second half of the session. This indicates that while selling pressure was still present, it was gradually weakening.
The market attempted to stabilize after the sharp drop. However, the alternating green and red candles between 14:00 and 16:00 showed that the overall trend remained bearish. The absence of a strong rebound further pointed to low confidence in a potential reversal. In summary, sellers continued to maintain control, and bearish sentiment dominated the market.
What Might Be The Next Top Trending Crypto?
Pepe Unchained (PEPU) has recently achieved a notable milestone by surpassing $20 million in its presale. This layer-2 meme coin aims to distinguish itself from competitors and establish a lasting presence in the cryptocurrency market.
The presale is gaining momentum, raising hundreds of thousands daily, with the total now around $21 million. Investors can acquire PEPU tokens at a fixed price of $0.0112, and the presale accepts various payment methods, including ETH, USDT, BNB, and credit or debit cards.
Once the presale concludes, Pepe Unchained plans to list PEPU on an Ethereum-based decentralized exchange (DEX), with token claims expected to go live simultaneously. Meanwhile, 7.5% of the total supply of 8 billion tokens has been allocated for initial liquidity, and 10% of the supply is reserved for future marketing efforts.
The project’s smart contracts have undergone thorough audits by Coinsult and SolidProof, which reported no significant issues. This action may enhance investor confidence, as reflected in the project’s social media growth, with over 50,700 Twitter followers and more than 10,000 Telegram subscribers.
Pepe keeps on BUILDING!
$21M raised. Momentum increasing! 🐸🐸🐸 pic.twitter.com/3c8pvDEsvU
— Pepe Unchained (@pepe_unchained) October 20, 2024
Pepe Unchained is also developing a dedicated layer-2 network called Pepe Chain, which promises faster transactions and lower fees compared to Ethereum. Additionally, PEPU holders will have access to a “double staking” app, allowing for annual yields of around 107%.
The team is encouraging innovation by offering grants to developers for new projects on Pepe Chain, aiming to foster growth in its ecosystem. Overall, Pepe Unchained seeks to create an efficient and accessible environment for meme coin traders.
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