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Macroeconomic policies in both the U.S. and Japan have fueled bullish momentum for Bitcoin. The cryptocurrency’s price surged this week following interest rate announcements by the Federal Reserve and the Bank of Japan. After the U.S. Fed decided to cut interest rates, Bitcoin saw an increase of over 11% by the week’s end, breaking past $62,000 for the first time in September.
Despite Bitcoin’s rally, 42 other cryptocurrencies have performed better than Bitcoin this year, with meme coins taking the lead. Lookonchain data shows eight of the top ten outperforming tokens are from the meme coin category. As expected, some of these tokens are Ethereum-based. Hence, This article curates the most trending cryptocurrencies on Ethereum.
Most Trending Cryptocurrencies on Ethereum
DOGE—The Department of Government Efficiency—has become a notable meme within the cryptocurrency community. Zegent, on the other hand, offers a range of AI-powered tools to improve efficiency when navigating Web3. The platform is progressing according to its roadmap, with Phase 1, which included a beta launch, already completed.
Meanwhile, NYX Cipher is positioning itself as a unique platform for crypto research, providing users with tools that transform social media data into actionable insights. Pepe Unchained (PEPU) is quickly gaining traction in the crypto world thanks to its successful presale and developer grant program. Meanwhile, Bitcoin records a 5.5% weekly gain post-rate cut as MicroStrategy increases its BTC holdings.
1. Department Of Government Efficiency (DOGE)
DOGE—The Department of Government Efficiency—has emerged as a noteworthy meme in the cryptocurrency space. Initially, it started as a humorous take on government inefficiencies. However, it has become a movement gaining significant traction within crypto culture.
This meme, built on humor and satire, has grown beyond its origins. While many coins claim to be community-driven, few capture as much attention as DOGE. Key figures in the meme coin space, such as Doge Designer and Sir Doge CEO, have supported its rise and helped DOGE gain visibility on social media. What began as a playful jab symbolizes how internet culture and financial systems intersect.
Endorsements from prominent individuals like Elon Musk, known for influencing the cryptocurrency market, have further boosted DOGE’s profile. Musk described DOGE as the “next evolution of efficiency.” This and mentions from public figures like Donald Trump have pushed the meme beyond crypto circles and into broader public awareness.
The live price of DOGE is $0.0121, and its market cap is $11.85M. The coin’s 24-hour trading volume is $5.24M, reflecting a 21.09% increase in the last 24 hours. DOGE has a circulating supply of 979.13 million coins, which matches its maximum supply.
In terms of market data, DOGE has shown considerable activity. Its liquidity stands at $808K, with volatility at 6.49%. Community trust remains strong, with a high approval rate of 99.4%.
DOGE has moved beyond its meme status to become an influential player in the crypto world. It is driven by community support and strategic endorsements. However, as with any meme coin, its long-term value remains uncertain.
2. Zegent AI (ZGEN)
Zegent provides a suite of AI-powered tools designed to enhance efficiency in navigating Web3. Its browser-based agents offer support for various tasks. For instance, the Etherscan agent simplifies blockchain transaction analysis, while the trading agent delivers real-time market insights. Additionally, the Twitter agent evaluates sentiment data, helping users stay informed.
The platform’s development is progressing steadily, following its roadmap. Phase 1, which involved the beta launch, has already been completed. Currently, Phase 2 is underway. This phase includes the release of the V2 extension and Web3 payment integration. Moreover, more features, agents, and utilities are planned. Looking ahead, Phase 3 will introduce a staking contract, while Phase 4 focuses on expanding the platform’s ecosystem with new functionalities.
In terms of tokenomics, Zegent follows a well-structured distribution model. A significant portion of tokens—85%—is allocated to the liquidity pool. Another 10% is reserved for staking and ecosystem rewards, while 5% is allocated to marketing. Importantly, there are no fees for buying or selling transactions, which makes it attractive to potential users.
We're thrilled to announce a significant change in our tokenomics:
Buy/Sell Tax Reduced to 0% Forever
Marketing and kol's 5%
Ecosystem and rewards 10%
Additionally 16% of supply BURN 🔥🔥🔥Stay tuned for more updates on our V2 release and web app launch!$ZGEN #ZegentAI pic.twitter.com/jLUUdy97bM
— Zegent (@ZegentAI) September 21, 2024
As of the latest data, the circulating supply of ZGEN tokens stands at 837.01 million, representing 100% of the total supply. The current market cap is around $411.78K. Moreover, the 24-hour trading volume has surged to $559.31K, reflecting a notable increase in activity. Regarding liquidity, the pool holds 13.44 WETH and 68.23 million ZGEN tokens, representing approximately 8.15% of the total pooled supply.
3. NYX CIPHER ($NXCP)
NYX Cipher is positioning itself as a distinctive crypto research platform. It offers users a tool that streamlines social media information into actionable insights. This feature promises to reduce research time by 90%, potentially increasing productivity tenfold. As a result, it could be especially useful for investors seeking quicker and more informed decisions.
The platform’s $NXCP token provides several utilities for holders. While the current Dapp is free for all users, future access to many features will require holding $NXCP tokens or subscribing to a paid plan. Additionally, token holders will gain exclusive features that will not be available to paying users.
One of the core utilities tied to the token is revenue sharing. NYX Cipher plans to distribute 50% of its revenue to $NXCP token holders. This presents an opportunity for passive income, particularly as the platform grows. NYX Cipher aims to expand in the crypto space by offering tools that cater to a wide audience.
Regarding market performance, $NXCP is currently priced at $0.00425, with a total market cap of $361.25K. The token has seen a significant surge in trading volume over the past 24 hours. Specifically, trading volume increased by 1,826.33%, reaching $860.21K. With 100 million tokens, 100% of the supply is in circulation.
The project has also shown notable activity, with over 3,300 transactions completed. Liquidity for $NXCP is $116.17K, with 16.08% of the total supply pooled and 22.67 WETH. The token’s volatility rate is 7.40, indicating that price fluctuations are to be expected.
What Might Be The Next Top Trending Crypto?
Pepe Unchained (PEPU) is rapidly gaining attention in crypto due to its presale success and developer grant program. The project is positioning itself as more than just another meme coin, having already raised $14.4 million. It plans to launch a Layer-2 network specifically designed for meme coins, offering faster transactions and lower fees than Ethereum while maintaining a strong focus on security.
To further boost its ecosystem, Pepe Unchained is actively offering developer grants, known as “Pepe Frens with Benefits,” to attract creators. This initiative encourages the development of dApps, NFTs, and DeFi tools, ensuring the platform is ready with practical applications upon launch. The project aims to hit the ground running by supporting developers during the presale, which is crucial in the increasingly competitive Layer-2 market.
In addition to its technical goals, Pepe Unchained continues to attract growing investor interest. Currently, tokens are available at $0.00982 with support from market experts, further boosting their visibility. Moreover, speculation about possible listings on major exchanges is building momentum. Although the team has not confirmed specific names, they have hinted at “Tier-1” exchanges, raising expectations for significant market performance upon launch.
14M
Riding the L2 wave! Big thanks to the community for the continued support! We are growing so fast! pic.twitter.com/EjlPQLZxjm
— Pepe Unchained (@pepe_unchained) September 20, 2024
Furthermore, large investments from crypto whales have added credibility to the Pepe Unchained project. Recent large transactions, such as 23 ETH and 10 ETH buys, signal growing confidence from major investors. Such whale activity often indicates positive sentiment and can be seen as a bullish sign for the project’s future.
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