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Institutional investors are increasingly directing funds toward Ethereum (ETH) due to its prominent role in decentralized finance (DeFi), stablecoins, and tokenization. As a well-established blockchain with continuous development, Ethereum is emerging as a key element in the long-term strategies of institutional investors.
Although newer platforms like Solana and Sui are gaining popularity, Ethereum’s dominance in critical applications positions it as a strong contender for long-term investment. According to Bitwise CIO Matt Hougan, Ethereum remains the sole viable choice for major institutions seeking exposure to a public blockchain platform. Hence, This article curates the most trending cryptocurrencies on Ethereum.
Most Trending Cryptocurrencies on Ethereum
MUDBONE is currently valued at $0.0000004, with a market capitalization of $193.24K. Meanwhile, Motherlode (MOTHERLODE) is priced at $0.000163, with a market cap of $170.19K. Baby Kabosu, a cryptocurrency inspired by the Doge meme, has a current price of $0.000163 and a market cap of $50.64K.
The Flockerz (FLOCK) presale, which began in early September, has attracted notable interest, raising over $836,000 so far. Additionally, Bitcoin has surged by 9%, marking its best weekly performance in more than a month.
1. MUDBONE (MUDBONE)
MUDBONE is currently priced at $0.0000004, with a market cap of $193.24K. Over the past 24 hours, the token has seen a significant trading volume of $70.02K, marking a notable 13,966.09% intraday price rise. The total circulating supply of MUDBONE stands at 420.69B coins, which also represents its maximum supply.
At the beginning of the observed period, MUDBONE was priced at 0.064002 and has since risen to 0.064593, reflecting a short-term increase of 14.75%. The price ranged between 0.064002 (low) and 0.064593 (high), showing steady growth. Recent market data suggest a bullish trend is emerging, with increased momentum following earlier price fluctuations.
The token’s trading volume reached 1.129K, indicating substantial market participation. Notably, the rise in volume coincided with the price increase, which suggests that buying interest is driving the upward movement. In contrast, during periods of price decline, trading volume was lower, implying that selling pressure lacked significant strength.
Furthermore, the chart initially showed a downtrend, with early red candles indicating some selling pressure. However, these declines were minor and were followed by small green candles, signaling market uncertainty. Between 02:00 and 06:00, the price consolidated with minimal movement, indicating a balance between buyers and sellers.
2. Motherlode (MOTHERLODE)
Motherlode (MOTHERLODE) is currently priced at $0.000163, with a market capitalization of $170.19K. Over the past 24 hours, the trading volume has surged to $1.43M, representing a significant 4,274.83% increase in activity. The circulating supply of MOTHERLODE coins is 1.00B out of the total maximum supply of 1.00 B.
Looking at the MOTHERLODE/USD chart in a 15-minute timeframe from DEXTools.io, several key trends can be observed. The price initially opened at $0.0001679 and gradually rose to the current price of $0.0001754, reflecting a 4.47% increase. Throughout this period, the highest price point recorded was $0.0001754, while the lowest reached $0.0001706. After an earlier decline in price, there are now signs of stabilization, with a slight upward recovery beginning to emerge.
In terms of trading volume, certain segments of the chart display strong activity. For instance, volume peaked at 635 units during the early part of the session, indicating heightened market participation. However, as the price started to decline—particularly between 01:30 and 04:30—there was a notable increase in volume, signaling significant selling pressure. As the price began to stabilize in the latter part of the chart, trading volume decreased, which suggests that traders are being more cautious and waiting for clearer market signals.
3. Baby Kabosu (BabyKabosu)
Baby Kabosu, a cryptocurrency inspired by the well-known Doge meme, is currently valued at $0.000163, with a market cap of $50.64K. Its 24-hour trading volume has recently surged to $758.74K, with a notable 1,670.50% price increase. The coin has a circulating supply of 420.69M, which matches its total supply, suggesting no new coins are expected to enter circulation.
The price opened around $0.0001054 but has since decreased to $0.0001042, marking a slight 1.16% decline. Over the observed period, Baby Kabosu’s price fluctuated between a high of $0.0001054 and a low of $0.00009844. This price movement points to a general downtrend, with no strong signs of recovery at this time.
In terms of trading volume, the activity remains moderate, with participation recorded at 735. While this indicates market interest, it is not substantial enough to drive significant price changes. As the price has dropped, volume levels have also decreased. This decline in volume suggests reduced selling pressure; however, the overall sentiment continues to lean bearish.
Moreover, early volatility is evident, with both buying and selling pressure visible. After 07:00, a series of consecutive red candles highlight a consistent downward movement. Although there are occasional green candles and brief consolidation phases, these lack the strength to reverse the negative trend.
Top #4 Daily Gainers at Dextools pic.twitter.com/GLRLRAs3qL
— $BABYKABOSU (@BabyKabosuETH) October 18, 2024
Overall, the market sentiment remains bearish. Sellers continue to dominate, and the absence of strong buying interest suggests a continuation of the current downward momentum. While there are moments of pause or consolidation, they do not indicate a substantial shift toward recovery. It will be important to watch how the market evolves, especially if trading volumes change, which could signal potential shifts in sentiment.
What Might Be The Next Top Trending Crypto?
The Flockerz (FLOCK) presale, launched in early September, has garnered significant attention, raising over $836,000 to date. The project features a distinctive vote-to-earn model, where token holders actively participate in governance decisions through FlockTopia, its decentralized system.
The development team’s emphasis on decentralized governance allows the community to vote on critical project decisions, including feature implementation, marketing strategies, and token burns. Participants are rewarded with FLOCK tokens for engaging in the decision-making process. This reward system encourages long-term involvement and promotes a community-focused environment.
Flockerz’s presale model is also gaining traction due to its dynamic pricing and attractive staking rewards. Early investors benefit from a staking annual percentage yield (APY) exceeding 2062%, with the potential to significantly grow their holdings. However, the APY reduces as more investors stake their tokens, incentivizing early participation. Currently, the FLOCK token is priced at $0.005793, and there is no minimum investment, making it accessible to a wide range of investors.
Soaring higher, side by side with the flock. Join us for the flight of a lifetime! pic.twitter.com/IHxPKsdkET
— Flockerz (@FlockerzToken) October 12, 2024
Security concerns have been addressed through audits by SolidProof and Coinsult, both of which found no significant issues with the project’s smart contract. Additionally, 10% of the token supply has been allocated to liquidity, reducing the risk of a rug pull and minimizing slippage during trading.
The roadmap highlights a strong focus on community growth and marketing in its initial stages. Later phases include listing on decentralized exchanges (DEXs) and the full rollout of the FlockTopia DAO. Experts view these developments positively, comparing Flockerz’s potential to other community-driven meme coins like Moo Deng. They predict the project could achieve substantial growth.
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