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Short liquidation is on the rise as Bitcoin breaks above $44k today. Sadly, Ethereum trades below the $2500 range, causing many to doubt the probability of the much-anticipated altcoin season.
Nevertheless, the Ethereum chain remains one of the leading ecosystems for Dapps and crypto project launches. Investors continue looking into the most trending cryptos on the Ethereum chain for investment opportunities, hoping to capitalise on market movements or hedge their gain.
Most Trending Crypto on Ethereum Chain Today
From today’s market data, Bitcoin Inu, MOROS Net, and YES rank as some of the top trending tokens in the Ethereum ecosystem, and eTukTuk holds its spot as one of the presale projects to watch. Below is a quick overview of the market trend and the data. It also provides a quick update on the eTukTuk presale performance and where it might be.
1. Bitcoin Inu (BTCINU)
Bitcoin Inu has much in common with Bitcoin besides the layer one chain, price, dominance and utility. The project aims to create a memecoin that traces the Bitcoin trends without prioritising its infrastructure. Plus, it exists on the Ethereum chain.
Unfortunately, Bitcoin Inu’s recent performance is after a massive price decline. In the last 24 hours, BTCINU recorded a 37% increase in price and over 126% rise in its trading volume. The trend validates that it might be on track to bringing back the glory days of Bitcoin as it promised. The number of transactions also agrees with the claims as it crossed the 22,000 mark with its number of holders above 4050.
BTCINU is preparing to become the next SHIB! 👑
Join now, before it’s too late! ✅#memecoin #shib #shibainu pic.twitter.com/6PrkOFbm69
— BTCINU (@btcinucoin) February 7, 2024
Will Bitcoin Inu hold its spot as one of the top performers in the Ethereum ecosystem? It is hard to predict how the Bitcoin Inu trend will turn out, given that the overall crypto market conditions are generally fair. The BTC gains primarily influence the positive sentiment in the market.
Thus, investors have to watch the BTCINU trends for confirmation of its price actions. Conversely, the dwindling interest in memecoins is also a factor to consider when considering the long-term prospects of assets like the BTCINU.
2. MOROS Net (MOROS)
For the past 48 hours, MOROS has continued its bullish moves, with its price rising by over 500% in the last 24 hours. Surprisingly, during the previous 24 hours, it recorded over 3800% increase in trading volume, which is a deviation from what it’s seen since its launch. The sudden rise in volume may suggest increasing interest in the project.
Generally, Moros Net is taking a liberal stand in the cryptocurrency industry, focusing on providing unbiased access to crypto transactions. It claims it doesn’t discriminate or track the motive behind transactions executed on its network. Hence, the project assumes it will return crypto to its fundamental, which is to foster anonymous transactions.
Its improving price and transaction volume also indicate that investors gradually noticed its trend. Moros Net has an acclaimed $160,000 locked liquidity, and there are claims that the project already amassed 2107 holders as of press time. The value reveals an addition of about 300 holders in the last 24 hours. Its market cap also climbed to over $1.7 million in the period.
On the other hand, there’s a need to cautiously approach the project and its token as there’s an overall decline in the activities across its social media platforms. If the community fails to drive its growth, MOROS may end up with an unintentional rug pull. But today, it remains one of the most trending cryptos on the Ethereum Chain.
3. YES (YES)
Every once in a while, we see projects trying to rethink an aspect of cryptocurrency. YES is a more recent attempt to reimagine crypto NFTs. It claims it’s working on the ERC-20/NFT hybrid protocols. However, the target is focused on Memes, hence the name MFT (Meme Fungible Tokens).
However, it caught investors’ attention today after it printed over 400% gains in price and a 59% increase in trading volume. From the information on the YES medium page, the YES team might be a group to watch as it comprises a group of individuals with experience in the industry. They’re also known for their aggressive approach to visibility, having pushed their past project, Polydoge, to the top spot on the Polygon channel.
Check out the newly listed tokens! Are any of these on your watchlist or portfolio?$DOGPET, $YES, $RUG, $ANON, $COFFEE, $SMOG, $DEVVE, $COSMIC@dogpet404 @Yesmft @rugged_dot_art @anon_ethereum @coffeeclub_app @SMOGToken @DevveEcosystem @Cosmic_erc404#Ethereum #Solana #MEME… pic.twitter.com/QIV57vxrgc
— Bitget Wallet 🩵 (@BitgetWallet) February 8, 2024
YES may hold its spot as one of the top trending tokens on the Ethereum chain, as data from this chain shows a 5% increase in holders over the last 24 hours. It’s also recorded over 21609 transactions as of the time of writing. In addition, its recent listing on Bitget might also keep its price on the uptrend for most of the coming days.
4. Non-Playable Coin (NPC)
The non-playable coin is a new small-cap crypto in the Ethereum ecosystem, and its value is on a dramatic rise. The project reached the top of the trending list today after printing over a 70% price increase in the early hours of the day. It also has a trading volume increase of over 450% as of the time of writing.
The NPC pump is not unexpected, as the token recently completed its migration to BASE from Sushiswap. The movement may have accounted for the persistent pump’s price, which has spanned 14+ days.
Aaaand we're live on @aerodromefi!
We have successfully migrated our liquidity from Sushiswap v2 to Aerodrome. You can now trade $NPC on the leading DEX on Coinbase's L2 @base.
Since we have been whitelisted, simply search "NPC" on Aerodrome to trade. Transaction fees are just… https://t.co/ej4kwyMMo0 pic.twitter.com/q1Ed1Eqmn4
— NPC (@NonPlayableCoin) January 26, 2024
At the current pace, NPC might maintain its weekly trend as the number of holders is also rising. From its etherscan data, there’s been a 2% change in the number of holders over the last 24 hours, bringing the total to 1538. The growing number may continue to pressure its price, forcing it into a protracted uptrend.
What Might Be The Next Top Trending Crypto?
The eTukTuk team is reigniting the drive to leverage blockchain technology to solve real-world problems. While most crypto solutions tackle finance-related issues, the team aims to solve transportation challenges in developing and first-world countries.
The project approaches the transportation problem using blockchain technology and Artificial intelligence. It invites investors to become a part of the vision through its presale offering of the TUK token.
8/
Ready to join the journey toward greener urban living?
Share your thoughts on these eco-friendly cities and let's inspire positive change! 🌟✨
— eTukTuk (@eTukTukio) February 7, 2024
Interestingly, it offers the token at a presale discount of $0.0265. Sadly, there is no time to waste as the price is currently inflationary. Investors who miss the discount window will have to purchase the token at a higher price in the next thirteen days.
The eTukTuk and its tokenomics details are contained on its presale page. Also, investors can find a more detailed white paper stating everything about the project.
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