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Prices across the crypto market hold steady today after a week-long price volatility. Similarly, investors’ market sentiment is gradually improving, as revealed by the Fear/Greed index. In addition, Ethereum might see some upside in the coming weeks as the token shows strength around the $2600 level.
While prices are improving marginally across the market, the top trending cryptos on DEXTools are posting starting price movements. Today’s post explores the price and market data of these tokens.
Most Trending Cryptocurrencies on DEXTools
The article covers the reasons behind their market movement. Also, it offers insight into how each token’s price may move in the coming week. Apart from the update on trending crypto tokens, investors will also find the details of the ongoing PlayDoge presale.
1. Pooku (Pooku)
Pooku is a new meme coin project that’s currently working its way up the ranks. The project’s mascot, which is also a dog, is dubbed the brother of Dog With Hat. According to the project’s website, the inspiration for launching Pooku comes from the success of Dog With Hat. With its current market data, Pooku is likely demonstrating some impressive potential.
The token’s price is up by over 50% today, which may have pushed the token to the DEXTools trending list. Thanks to its increasing price, it boasts an average market cap of over $56 million.
However, its substantially large circulating supply and future token may threaten the long-term sustainability of the value. Further, drawbacks may also result from the current holder count, which means the project may lack the critical mass needed to continue the push towards the upside. DEXTools records show that Pooku only had 2000 holders at the time of writing.
Technical analysis of the POOKU token apparently displays a potential reversal of its current up trend. This implies that the current trending status of the project may not exceed the weekend. While there may be some potential ahead of the project, its past performance reveals some weaknesses in the project’s price action. To stay on the safer side, it’s best to track the project’s progress for a few more days before considering any bias.
2. DuckyDuck (DUCKY)
DuckyDuck is another coin on the DEXTools trending crypto today. In the last 24 hours, the project has seen gains of over 100%, and it’s among the top gainers today. DuckyDuck is a Solana-based meme coin crypto that’s aimed at raising a community of degen investors and building mutual wealth for its holders and community members.
According to the project’s website, the mascot, which features a fancy duck, is described as the secret friend of Pepe, Andy, Brett, and Landwolf. The DuckyDuck project is also named among Matt Furies’s Boys Club Legacy.
At press time, Ducky has a valuation of $5.6 million in market cap. Today, its trading volume is about 50% of the value of its market cap, giving its holders some confidence in the project.
Furthermore, Ducky reportedly has over 5.6k holders, according to DEXTools data. It also has a circulating supply of 199.83 million tokens. With the limited supplies, DUCKy may be able to deliver the much-needed value pump.
As the project works towards becoming a household brand, investors should keep an eye on the trends as it unfolds. The crypto price chart also shows visible upthrust, which is currently confined to a consolidation trend. A break out of the consolidation would likely ignite the next phase of its upward rally. However, investors need to keep an eye on the breakout as the chances of breaking below are also high, given the overall crypto atmosphere.
3. BluePEPE (BLUEPEPE)
Many crypto projects have attempted to replicate the success of the popular meme crypto, PEPE. Many of these projects even adopt its name. BluePEPE is a more recent example, with the PEPE identity plastered all over its brand.
Within a short time on the market, BluePEPE has gained traction, which is often the hardest part of succeeding in the meme coin category. DEXTools reports that the project has over 4 thousand holders. The growing influence of the project has given it the visibility it needs to get on DEXTools trending crypot list for today. In addition to being a trending crypto token, The BluePEPE token is also among the top gainers, attaining over 600 times its value in the last 24 hours.
Besides its growing price, BluePEPE also has a measurable increase in market cap, realising approximately $1.7 million, according to DEXTools data. With a circulating supply of 100 million tokens and its current price, BluePEPE might face a steep hurdle on its path to an increased valuation.
Again, the project has an additional flaw that might result in a server drawback in the future. The number of BLUEPEPE token holders is below 1000. Consequently, BLUEPEPE may lack the critical mass it needs to drive further value gains. It may further result in resistance to its performance in the future. Ideally, investors waiting to get into BLUEPEPE need to examine its progress in the coming days before making a decision.
What Might Be The Next Top Trending Crypto
Gaming is one of the core drivers of crypto growth. The gaming sector is one of the fastest-growing niches in the crypto entertainment sectors. One of the projects tapping into the Play-to-Earn market is the PlayDoge project.
The project aims to provide users worldwide with a blockchain-based gaming and entertainment experience. To achieve its ultimate goal. The project launched the presale offering of its token, PLAY.
At press time, PLAY has raised over $6 million, and it now has thousands of investors on the waiting list and across its social media platform. The presale program allows investors to purchase PLAY for as low as $0.00527. The offer is live on the project’s presale website with a detailed guide on how to buy.
More importantly, early participants can participate in the staking offer, allowing holders to stake their tokens for 77% P/A. The offer is available on the Ethereum and Finance Smart Chain. Investors can also follow the link on the project’s website to acquire further details. cConstantupdates are equally available on PlayDoge social media platforms.
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