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The trend in the crypto market remains the same as asset prices maintain their overall consolidation. However, the early hours of today saw many altcoin prices pump by a significant margin, which has restored the anticipation of an altcoin season to the crypto market.
Tokens within the Polygon network are among the top gainers today. This post covers the price action of the top trending crypto coins on the Polygon chain. It presents the price outlook of a handful of the tokens and shares insight into key determiners of their future prices.
Most Trending Cryptocurrencies on Polygon
In addition to analyzing trending cryptos on the Polygon chain, today’s post equally covers the presale offering of the MGMES token. The project has raised over $300k towards the launch of its native cryptocurrencies. Below is a brief overview of its core value and presale performance.
1. Affyn (FYN)
The Affyn project is out to provide a blockchain-powered Metaverse project where users participate in a free-to-play game. Even though the games are free, according to the project’s website, users still have a chance to earn while participating. The project rewards players with its naive cryptocurrency, the FYN token, and the token equally serves as the native currency of the games. Also, the project team recently announced its interest in the artificial intelligence sector.
The project is one of the top trending cryptocurrencies on the Polygon network today, posting gains of over 50% in the last 24 hours. It equally achieved a DEXTscore of 99, depicting investor interest in the project. At the time of writing, the token’s price is $0.0164. It has a trading volume of about $200k and a market cap of $4.1 million. However, the project’s trading volume is down by about 22% today compared to what it recorded in the last 24 hours.
We are thrilled to reaffirm our partnership with @AITECHio at this opportune time as we announce our strategic pivot to prioritize artificial intelligence (AI) within the Affyn ecosystem.@AITECHio, pioneers in environmentally friendly high-performance computing, are set to… pic.twitter.com/012pdQaQaM
— Affyn Official (@AffynOfficial) August 12, 2024
Furthermore, Affyn’s game features give it some level of hype in the market. The game is said to have geolocation capabilities and AR machines. According to its website, these features allow users to interface better with the gaming experience.
Besides its native cryptocurrencies, Affyn also offers tradable NFTS, which users can exchange within the game environment or on NFT exchanges. Being a utility token increases the chance of FYN sustaining its price increase over the coming days.
2. DOGAMI (DOGA)
Dogami is described as the platform that’s out to revolutionize how the crypto community interacts with web3 games. The project is built around the 3D dog avatars equipped with special powers.
According to DOGAMI, the project is backed by VC and reputable investment companies like Ubisoft and Animoca Brands. With such backing, the project’s chance of success appears promising.
The project further states that it would create a Web3 franchise where participants can participate in interactive experiences. It further stated that the platform’s first product is the Dogami Academy, where players train their dogs and engage in an obstacle game. Participants are rewarded with a DOGA token. The game is reportedly available on the Android and iOS platforms.
✨ SUMMER UPDATE PREVIEW! 👀
Get ready for the ultimate challenge with our new dual-skill obstacles! The breakable wall will test your mastery of Might and Instinct skills at the same time.
Can you handle it? Stay tuned! pic.twitter.com/tx95i3AqLu
— DOGAMÍ (@Dogami) August 9, 2024
In addition to appearing on the top trending cryptos on the Polygon chain, DOGAMI also posted a price increase of over 40%. The new token has a price of $0.004534 today and a trading volume of $1 million. According to DEXTools, the project has acquired over 2.16k holders and is on track to achieve over $3 million market cap.
Furthermore, the DOGAMI brand works on several other projects, including gaming IP, comic books, a mainstream TV series, toys, and more. There are claims that Dogami is on track to becoming one of Polygon’s most promising gaming platforms. Hence, investors may include the project on their watch list to track its evolution.
3. Crypto Trading Fund (CTF)
Crypto Trading Fund (CTF) is a new DeFi project that connects traders and investors to passive income opportunities through blockchain technology.
The project reimagines the approach to earning in the crypto market. Rather than focusing on creating fund pools, it provides intermediary services, connecting its community participants to trading opportunities that they may not otherwise know about
CTF ranks among the top trending cryptocurrencies on DEXTools today, posting gains of about 30%. The price increase brings the token’s value to $1.26 and its market cap to $157 million. Likewise, DEXTools reported trading for CTF today below the $100k mark, considerably lower than it saw yesterday. The increasing price for the token without a commensurate increase in trading volume indicates a reduction in investors’ confidence.
Further drawbacks that investors may need to consider when researching the CTF token is the number of holders. Data from the Polygon Scan platform shows the project has 3.3k holders despite its market cap valuation of $150 million. This disparity in the number of holders and market cap threatens the project’s long-term sustainability.
With its high valuation, CTF risks facing hurdles when it begins to work towards improving the value of its native cryptocurrency. While the project’s value proposition appears attractive, the delivery system is flawed. These facts are evident in the gaps found in its market data. Investors can keep an eye on its trend as it unfolds.
What Might Be The Next Top Trending Crypto
The Meme Games may be one of the best crypto investments, as it capitalizes on the ongoing Olympic vibes. The project features a narrative of popular meme coin projects participating in a comic competition, where the community members who select the winning meme coin receive a 25% bonus.
It features tokens like the popular PEPE, BRETT, and other major meme cryptos in the competitors’ lineup, with each participating meme possessing defined features and skill sets. The details of the competition layout are available on the project’s presale website.
However, the chance to participate in the competition is only open to MGAMES token holders. Currently, intending participants and long-term investors can purchase the project’s token through its official website, as it’s on presale for a discounted price of $0.00925.
Investors who take advantage of the discount get the token much cheaper than others who come in later. Besides the discount, the MGMES token includes a 25% bonus to investors who purchase through the presale program.
Furthermore, the community has an ongoing staking program for early investors. Generally, most presale investors must wait until the project is fully launched to benefit from investors. MGMES holders can participate in the staking offer to start earning on their tokens as soon as they’re purchased.
The project’s website contains a detailed breakdown of the staking offer and how investors can participate. Additional instructions on becoming a part of the growing community are available on the project’s official Twitter handle, and investors can join the platform for more details and content updates.
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