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The Polygon chain leads the layer two crypto category in innovation and efficiency. Recently, It announced a collaboration with OKX exchange, which led to the launch of the X Layer network. The mainnet launch of the X Layer resulted in an OKB price surge as it posted significant gains in the last 48 hours.
Similarly, there’s been a rise in the visibility of the asset in the Polygon ecosystem. Therefore, this post explores the market data of the top trending holdings in the network. It also highlights how increasing visibility affects their short and long-run price.
Next Cryptocurrency to Explode
The lingering crypto bear market is threatening the return of the bull market. Older cryptop projects suffer the most impact as they lose the marginal gains they’ve amassed in the bull run. However, the trends are slightly different with presale cryptocurrencies. Projects in the category have recorded an increased influx of funds as investors seek emerging crypto opportunities. Hence, this post scrutinizes the performance of the Slothana project to see how investors can take advantage of its impressive presale performance.
1. Defy (DEFY)
DEFY is a blockchain mobile game designed for play-and-earn experiences. The token immerses users in a metaverse, blending virtual and physical realms. It combines casual code-breaking gameplay with augmented reality (AR) adventures to give users a unique gaming experience.
DEFY’s current price is $0.0006363. The token recorded a 66.78% increase in the last 24 hours and a 33.77% increase in the past week. Despite reaching its all-time high of $0.021782 in August 2022, DEFY hit its all-time low of $0.000360 on April 14, 2024.
With a 34.30% price uptick in the last seven days, DEFY outperforms the global cryptocurrency market, which is down by -10.70%. It also surpasses similar tokens in the Polygon Ecosystem, up 0.00%.
DEFY tokens are tradable on both decentralized and centralized exchanges. Quickswap is the preferred exchange, with the DEFY/USDC.E pair recording a trading volume of $17,734.88 in the last 24 hours.
In 2023, DEFY experienced its top-performing year despite a price drop of -22.53% from $0.007265 to $0.005628. Conversely, 2022 saw the worst performance, with a significant price decline of –66.56 % from $0.021727 to $0.007265. Over the last three years, DEFY has exhibited an average yearly growth rate of -44.55%.
Historical data reveals that DEFY tends to perform best in Q4, boasting an average gain of 4.70%, while Q1 typically witnesses the poorest performance, with an average loss of -54.27%. Also, these trends offer valuable insights into DEFY’s historical price movements, aiding investors in their decision-making process.
Currently, DEFY has 5.28K holders and a circulating supply of 2.50 billion tokens. This data suggests growing interest and activity in the token within the crypto community.
2. Farcana (FAR)
Farcana is a free-to-play 3rd-person arena shooter set on Mars, featuring innovative abilities and a Web3 economy. With Unreal Engine 5 powering its gameplay, players immerse themselves in intense 4v4 combat, competing for Bitcoin rewards in the Farcana Metaverse. Further, the game lore revolves around factions battling to control Infilium, Mars’s most potent energy source.
Farcana’s price today is $0.116999, with a 24-hour trading volume of $1.51M and a market cap of $38.98M. Despite experiencing fluctuations, its price has seen a 1.01% increase in the last 24 hours. With a circulating supply of 333.14M FAR out of a maximum supply of 5.00B FAR, Farcana ranks #32 in the Gaming sector.
The game’s liquidity, valued at $200.18K, and its large holder base of 93.17K contribute to its prominence. Meanwhile, Farcana is traded on three cryptocurrency exchanges, offering ample opportunities for investors to engage with the token. In addition, Farcana’s price history indicates resilience, with its current value standing significantly higher than its all-time low recorded on February 10, 2024.
Furthermore, Farcana leverages its unique features and immersive gameplay to attract players and investors. Its integration of AI solutions and wearables from Farcana Labs enhances the gaming experience, setting it apart in the growing blockchain gaming on the Polygon network.
3. Pearl (PEARL)
PEARL serves as Polygon’s primary liquidity layer, focusing on RWAs and facilitating value generation within the DeFi ecosystem. With a user-owned model, it encourages collective contributions from protocols and investors, establishing itself as a premier AMM in the decentralized economy.
Pearl rewards liquidity providers for optimizing trading conditions. In addition, vePEARL, an ERC-721 NFT, offers voting power to users who lock their tokens, enabling participation in governance decisions.
Trading PEARL tokens is common on decentralized exchanges like PearlFi V1.5, with active pairs such as PEARL/USDC.E. Recent trading volume surges and market activity indicate growing interest in the token.
Pearl is the first CLAMM with rewards calculations on-chain, providing transparency for all Divers 🤿
Rewards are allocated based on the amount and duration of active liquidity provided, encouraging sustained and strategic participation.
Experience transparent, secure, and… pic.twitter.com/Kcf57m90P4
— Pearl (@PearlFi_) April 5, 2024
Despite recent price declines, PEARL maintains a bullish sentiment within its community and a rising market cap, valued at $35.80M today. Its unique features, active trading, and growing popularity position it as a worthwhile investment on the Polygon network, standing out among trending tokens.
What Might Be The Next Top Trending Crypto
Slothana is about to join the ranks of newly listed cryptocurrencies as the community braces up for exchange listing. The team hinted at the upcoming exchange listing in a post on its official Twitter handle. However, the listing date is yet to be announced.
🚀 Hold onto your branches, Slothana faithful! 🌿 We're gearing up to drop some major news: the official launch date is on the horizon! ⏰ Get ready to mark your calendars and set your alarms, because a countdown timer will soon grace our site. Let the hype for the Slothana…
— Slothana (@SlothanaCoin) April 14, 2024
The plan is to airdrop the SLOTH token to investors’ wallet addresses as soon as the project goes live on exchanges. The success of its presale is noteworthy. Thus, SLOTH is not a cryptocurrency to look down on, as it has the potential to outperform several meme coins that came before it.
Similarly, the project’s team clarified that investors still have a chance to purchase the SLOTH tokens at the presale price. The offer closes as soon as the token is listed on exchanges. Presently, investors can secure 10000 SLOTH tokens for 1 SOL.
The project boasts over 19000+ community on its Twitter handle. As a result, it has the population of potential users to provide the initial price pump. Usually, investors who get into projects early enough earn the most ROI from the initial pump. The anticipation of SLOTH is approaching the climax, and investors seeking additional information can check its social media platforms and presale page for more details.
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