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Several blockchain networks experienced notable growth in August, with some reporting strong revenue numbers. Ethereum ranked second in monthly revenue, bringing in $34.8 million. Although this was about half of Tron’s earnings, Ethereum continues to play a key role in decentralized applications and transactions, sustaining its market presence.
Given Ethereum’s performance, other ecosystem tokens have seen price increases. This article curates the most trending cryptocurrencies on Ethereum.
Most Trending Cryptocurrencies on Ethereum
Vader is a liquidity platform that combines an algorithmic-collateralized stablecoin, USDV, with liquidity pools supported by synthetic assets. Telos (TLOS) provides various Web 3.0 scaling solutions, utilizing zero-knowledge (zk) technology to power real-world applications.
HILO simplifies crypto predictions with an easy up/down mechanism for forecasting token prices. The Mega Dice (DICE) presale is gaining momentum and attracting significant investor interest. So far, DICE, the native token of Mega Dice Casino, has secured over $1.8 million in funding. Meanwhile, Bitcoin is approaching $60,000 as consumer sentiment reaches a four-month high.
1. Vader (VADER)
Vader is a liquidity platform that merges an algorithmic-collateralized stablecoin, USDV, with liquidity pools enhanced by synthetic assets. The stablecoin, USDV, is issued when VADER tokens are burned and acts as the settlement asset within its liquidity pools.
Moreover, the protocol’s liquidity incentives actively mitigate impermanent loss, making these pools more attractive to capital providers. Additionally, Vader enables the acquisition of Protocol Owned Liquidity through bond sales. Synthetic assets, created from liquidity pool shares, allow single-sided staking, removing the risk of impermanent loss.
Vader trades at $0.00002291 following a 214.05% intraday increase. The price has risen by 23% in the past year, reflecting its positive trend. Furthermore, the protocol exhibits high liquidity relative to its market cap. Price prediction sentiment remains bullish, with 26 technical indicators showing positive signals, while only 4 show bearish trends.
Vader saw its strongest performance in 2021, with a 772.86% price increase. In contrast, 2022 was its worst year, experiencing a sharp 99.96% decline. Despite this volatility, the average annual growth over the past four years is 215.77%. The protocol performs well in the fourth quarter, with an average gain of 260.24%. However, it struggled in the second quarter, with an average loss of 67.67%.
Its all-time high of $0.132069 occurred on January 5, 2022. The lowest price, $0.00006174, was recorded in August 2024. Vader shows both growth potential and risk, with sharp price fluctuations.
2. pTokens TLOS (TLOS)
Telos (TLOS) offers a range of Web 3.0 scaling solutions, using zero-knowledge (zk) technology to drive real-world applications. A key feature is SNARKtor, a decentralized protocol for recursive proof aggregation. It consolidates multiple transaction proofs into one, boosting blockchain scalability, efficiency, and privacy. This improves cost-effectiveness and security, making the system more accessible for mainstream use.
Telos zkEVM, a Layer 2 solution, builds on this technology to enable scalable SNARK verification. It protects user data while ensuring regulatory compliance and provides trustless interoperability between systems.
The Telos Zero layer forms the network’s foundation, focusing on governance and security. It supports block production and provides decentralized protection for millions of users across different blockchain platforms.
— The Telos Foundation (@HelloTelos) September 7, 2024
TLOS trades at $0.204, indicating a 34.05% increase in the recent intraday session. Moreover, it has shown significant price growth, rising by 223% over the past year. Hence, TLOS has outperformed top crypto assets, including Bitcoin and Ethereum. The market sentiment is bullish, with multiple technical indicators signaling positive trends.
Telos continues to trade well above its 200-day simple moving average. Overall, Telos delivers a scalable, efficient, and secure platform for Web 3.0 applications. Its use of cutting-edge ZK technology, strong developer community, and positive market performance make it a key player in the blockchain space.
3. HILO (HILO)
HILO offers a straightforward approach to crypto predictions using a simple up/down mechanism for token price forecasting. One of its key features is eliminating liquidation risk, which allows users to hedge against volatile markets more effectively. In addition, HILO provides bidirectional access to tokens that lack perpetual futures listings, offering more flexibility for traders.
Moreover, HILO has expanded its offerings with a feature called “Real-life Predictions.” Blockchain technology allows users to predict real-world events such as social events, politics, and sports. By introducing this, the platform enhances the $HILO token’s utility, increases demand, and boosts user engagement. As a result, this broader scope of predictions is likely to drive greater liquidity and foster stronger community involvement.
Alongside its prediction features, HILO offers revenue sharing through the UNCX platform, providing a reliable staking mechanism. While other platforms rely on minting new tokens, HILO’s system bases its Annual Percentage Rate (APR) on actual revenue generation.
The migration of $HILO V1 tokens to V2 is now officially closed. V1 tokens will be gradually balanced and liquidated to support V2 liquidity, which will continue to grow steadily.
If you didn’t migrate your tokens purchased before the migration went live on August 28th, please… pic.twitter.com/4ws45wWE9A
— HILO (@HILOtoken) September 14, 2024
Regarding price trends, HILO is currently valued at $0.038498, having seen a 51.41% rise in the past 24 hours. Additionally, the token has experienced 16 green days over the last 30 days, indicating a degree of stability. Predictions for the near future suggest that HILO will see modest growth, with the price expected to reach $0.038481 tomorrow.
The token may rise further in the coming week, with a potential increase of up to 36.90%, reaching $0.052679. Looking further ahead, projections for 2024 suggest that HILO could trade between $0.038481 and $0.181439, which could mean a 371.30% increase if it hits the upper target.
What Might Be The Next Top Trending Crypto?
The Mega Dice (DICE) presale is gaining traction, showing considerable potential as investor interest rises. DICE, the native token of the Mega Dice Casino, has raised over $1.8 million so far. A recent $20,000 contribution from a whale investor has contributed to this growth. As the presale nears its conclusion, the project is approaching the $2 million mark. With a current price of $0.116056, an increase is expected soon. Moreover, many expect the project to mirror the success of GambleFi tokens like Rollbit.
The excitement partly comes from Mega Dice’s established position in the crypto gambling space. The platform operates on the Solana blockchain and has 10,000 active users. It also boasts a monthly betting volume of $50 million, positioning it ahead of several competitors. It is unusual for a well-established platform to hold a presale, making this event stand out.
The platform offers staking opportunities with over 7 million tokens staked. This comes with an annual percentage yield (APY) of 298.6%, and 28% of the token supply is locked.
BREAKING: $DICE Presale Extended by 1 More Week! 🚨
You heard it right—$DICE presale has been extended until September 29th, 8pm CET!
This is your final chance to get in on the leading #GameFi token on Solana before trading goes live! 🚀Buy now: https://t.co/Pk6R16oOKk 🚀
🗓️… pic.twitter.com/jIpIskAMpM
— Mega Dice Casino (@megadice) September 13, 2024
Mega Dice has implemented several strategies to engage users. It features a “Refer & Earn” program, allowing users to earn a percentage of spending from referrals. The project has also launched a $2.25 million airdrop campaign in three phases. $DICE holders benefit from staking rewards tied to the casino’s revenue.
Additionally, the platform offers exclusive NFTs to VIP players. A 25% referral commission further encourages user involvement. Mega Dice is easily accessible via Telegram, where users can connect their TON wallet through a bot. Meanwhile, the presale has been extended by a week to September 29, allowing more investors to enter the project.
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