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SUI, the native token of the Sui blockchain, has experienced a significant rise of over 330% in the past two months, earning praise from Cardano founder Charles Hoskinson for the success of the Sui team. This rally marks SUI’s second-largest bull run, and market analysts predict it could climb an additional 162%, potentially reaching $4.56.
While Bitcoin has seen strong gains, 42 other cryptocurrencies have outperformed it this year, with meme coins leading the way. According to data from Lookonchain, eight of the top ten highest-performing tokens are meme coins, many of which are built on Ethereum. Hence, This article curates the most trending cryptocurrencies on Ethereum.
Most Trending Cryptocurrencies on Ethereum
Bitcoin Cat (SASHA) is currently valued at $0.000427, with a market cap of $445.77K. Komari (KOMA) is trading at $0.00355, holding a market capitalization of $333.99K and a 24-hour trading volume of $1.09M.
Generational Wealth (IGW) is priced at $0.000001, boasting a market cap of $892.90K and a 24-hour trading volume of $857.19K. Meanwhile, Pepe Unchained (PEPU) has gained notable attention in the crypto space following its successful presale and developer grant initiative. Additionally, the introduction of spot crypto ETFs has led Bitwise to reconsider its fund offerings.
1. Bitcoin Cat (SASHA)
Bitcoin Cat (SASHA) is currently trading at $0.000427, with a market capitalization of $445.77K. Over the past 24 hours, the coin has seen a significant trading volume of $6.44M, reflecting a notable 15,354.39% increase in activity. The circulating supply of SASHA coins is 1.00B, which aligns with the maximum supply.
The price action of Bitcoin Cat (SASHA) began with a strong upward trend, evidenced by a series of green candlesticks. This bullish momentum pushed the price to a high of $0.0004634. The upward movement suggests strong buying activity, potentially driven by positive market sentiment or external catalysts. However, after reaching this peak, the price began to slow, indicating that the initial surge was losing momentum.
Following the bullish run, the price entered a consolidation phase. During this period, it fluctuated between red and green candlesticks, signaling market indecision. This phase can often be attributed to profit-taking by early buyers or traders waiting for new market signals. Despite some fluctuations, the price remained within a narrow range, reflecting a lack of strong upward or downward pressure.
The trading volume fluctuated throughout the observed period, with notable spikes during the initial bullish trend and slight increases during the price decline. Despite these changes, overall volume remained relatively stable. The current volume of 18.492K reflects ongoing market interest in the SASHA trading pair, suggesting that traders remain engaged despite the price fluctuations.
2. Komari (KOMA)
Komari (KOMA) trades at $0.00355, with a market cap of $333.99K and a 24-hour trading volume of $1.09M. This marks a significant 9,714.90% increase in trading activity over the past day. KOMA has a circulating supply of 95 million coins, which represents the maximum supply available.
The price opened at $0.003555, reached a high of $0.003544, and a low of $0.003544 before slightly declining by 0.30% to settle at $0.003544. During this period, the trading volume remained very low, with only 50 units exchanged.
Early in the day, the price experienced a sharp downtrend. The chart shows a significant drop from $0.003555 to below $0.002700, driven by strong selling pressure. This rapid decline indicates a steep loss in value.
Around 15:00, a bullish rebound occurred, with the price making a strong recovery. It rose to $0.004200, which indicates renewed buying interest or a shift in market sentiment. Large green candles reflected this upward momentum. Nevertheless, after hitting this intraday high, the market saw a minor retracement, likely due to profit-taking by sellers. Despite this pullback, the price did not return to earlier lows, suggesting that the bullish sentiment still held some strength.
$KOMA live now on @coingecko, go add it to your watchlist.https://t.co/t14HOldu93
Which will be next?” pic.twitter.com/JKVHx9dZ5l
— KomaShiba (@KomaShibaETH) October 5, 2024
Toward the end of the session, the price found stability near $0.003544, which is close to its opening value. This stabilization suggests that the market found a new equilibrium after experiencing swings in both directions earlier in the day. Throughout the session, trading volume remained low, with only 50 units traded. This low volume points to limited market activity, which may have contributed to the larger price swings.
3. Internet Generational Wealth (IGW)
Generational Wealth (IGW) currently stands at $0.000001, with a market capitalization of $892.90K and a 24-hour trading volume of $857.19K. Over the past 24 hours, the price has seen a significant increase of 11,842.82%, with a circulating supply of 888.81B IGW coins out of a total supply of 888.81 B.
In terms of price movement, the IGW chart on a 15-minute timeframe initially shows low volatility between 08:00 and 09:00. During this period, the price remained within a narrow range, reflecting consolidation and limited trading activity. However, by 09:30, there was a noticeable upward trend, with the price steadily climbing above $0.065 by 11:00. This shift indicated a gradual increase in buying interest as the day progressed.
Following this steady rise, the price experienced a brief dip around 11:00 due to some selling pressure. Despite this, the upward momentum quickly resumed, and from 12:00 onwards, larger green candles on the chart indicated aggressive buying. This surge pushed the price higher, reaching an intraday peak of $0.051012 by 15:00, reflecting positive sentiment in the market.
Toward the end of the session, around 17:00, the price stabilized near $0.051004. This period of stabilization suggests that buying and selling pressures balanced out, leading to a more neutral market phase. The price consolidation at this level could indicate the formation of a base for further movement. However, the direction of the price in upcoming sessions will depend on future market activity.
What Might Be The Next Top Trending Crypto?
Pepe Unchained (PEPU) has recently garnered attention in the crypto world, largely due to its successful presale and developer grant program. The project has raised $17.5 million and plans to launch a Layer-2 network tailored for meme coins. This network aims to offer faster transaction speeds and lower fees compared to Ethereum while focusing on security.
To support its ecosystem, Pepe Unchained has introduced a developer grant initiative named “Pepe Frens with Benefits.” This program encourages the creation of decentralized applications (dApps), NFTs, and DeFi tools, providing resources to developers ahead of the platform’s launch. This strategy aims to build a solid foundation of practical applications, which is crucial in the competitive Layer-2 space.
On the investor front, Pepe Unchained has attracted significant interest with its APY of 123%. Currently, tokens are priced at $0.00992, and endorsements from market experts have increased the project’s visibility. The project has also caught the attention of crypto whales, with large investments such as 23 ETH and 10 ETH purchases.
The Breaker of Chains strikes again!
$17M raised 🏗️ pic.twitter.com/dTpGIkooRO
— Pepe Unchained (@pepe_unchained) October 2, 2024
Such activity often reflects increased confidence in the project and is generally seen as a positive indicator of future growth. As such, Pepe Unchained is positioning itself as a notable player in the meme coin space, combining technical development with growing investor interest.
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