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Crypto price action in the past few days has been quite unpredictable. With the wide fluctuation of BTC prices between pump and dump lately, investors are considering a more conservative approach to investing. The disturbing price movement is not localised to BTC alone. Several altcoins have posted double-digit price movements to the upside and downside in the last 24 hours.
The Polygon network is among the networks with a considerable number of gainers and losers today. Today’s post analyses the market data of a few top trending tokens on the Polygon chain in the last 24 hours. Priorities are given to tokens with price gains to back their increasing traction.
Most Trending Cryptocurrencies on Polygon
And when it comes to traction, one of the fastest-growing crypto presale projects is the Mega Dice token. Thanks to the casino sector, the presale offering of the DICE token has seen a fund inflow of up to $1.6 million, and this article covers the details of the presale offering of the token. It also shares information about the project and all that it offers the crypto community.
1. Wisdomise (WSDM)
Earlier in the year, crypto-based AI projects dominated the market. Tokens like FET, AGIS, and many other cryptocurrencies in the category recorded significant price pumps that outperformed the market by a wide margin.
However, with the current price correction, only a handful of AI projects are topping the gainers’ list. Wisedomise defies the trend today by appearing on the list of top gainers on the polygon chain. The project recorded a substantial price pump of over 50% in the last 24 hours, and at the time of writing, it is one of the top trending cryptocurrencies on the Polygon chain.
Wisdomise is an AI-powered trading and signal platform designed to give investors and traders better trading outcomes. The platform offers traders several AI-based trading services. Some of the ones outlined on its website include market scanners. The scanner allows users to receive updates on trending viable crypto projects without having to go through the rigour of combing through an endless list of price data.
Is the crypto market recovering from the recent crash?
This is the chatbot's insight:
"The crypto market shows signs of recovery, but significant volatility and potential for further dips remain, suggesting a cautious outlook for investors."
What do you think?
Even if you… pic.twitter.com/W8A6MAhR6F
— Wisdomise AI (@wisdomise) August 6, 2024
Other tools reported by the project include the signaler, which is designed to offer investors updates on price data and trading opportunities. There are claims that the platform offers auto trading services to users. Nevertheless, this post can not validate the claims since the project is exclusively available to the WSDM token holders.
At press time, WSDM has a market cap of $4.5 million, as reported by DEXTools. It is also reported to have over 5.6k holders. Despite being a relatively new project, WSDM posted a trading volume of over $100k today, giving it the boost in visibility it recorded today. As the week unfolds, investors might see an evolving performance of the WSDM token.
2. Patriot Pay (PPY)
Many investors assume that DeFi would be one of the sectors that would lead the next leg of the crypto bull run. The facts of these claims are becoming quite evident with the impressive price action of the established DeFi projects like Aave and SNX and more recent projects like the Patriot Pay.
Patriot Pay is the rebranded FJB token with a new vision of providing payment solutions to users through blockchain technologies. Following its rebrand, the FJB tokens have been migrated to the PPY token with a ratio of 1:1.
Today, PPY posted a price of $0.0001255, achieving an increase of over 40% against its price in the last 24 hours. Furthermore, DEXTools data shows that the new project has achieved a market cap of $5 million despite its recent rebranding.
However, PPY has an uphill journey ahead when it comes to valuation. With a total supply of 40 million tokens, It’ll take a while before holders see a substantial pump in the value of the asset unless the team and community put in the work to promote the token.
Notwithstanding, the visibility generated from its improving price action and the presence of the token on the trending list could give it the fuel it needs to unlock the traction it needs for further upside. In the meantime, investors can include the PPY token on their watchlist to track the performance in the coming days.
3. GOON (GOON)
Polygon network is one of the most versatile layer 2 platforms on the Ethereum chain. Hence, it’s easy to find projects from almost all sectors of the crypto market being deployed on the chain.
The Polygoons project aims to build a social layer for the polygon Agglayer community. The project’s website aims to provide visibility to the Polygon network and all the services Polygon offers.
At press time, GOON has over 1685 holders, and Polygonscan reports over 46000 completed transactions, which is a decent start for a project that’s only a few days on the market. The project’s market cap is equally impressive, valued at $2.78 million, despite the 1 billion token supply.
Projecting the prospect of the GOON token is quite challenging since the market data available regarding the project are relatively negligible. Nonetheless, GOON’s chart shows potential for further upside, and the growing number of holders stepping into the project also shows that it might be able to sustain its increasing price.
Moreover, the social networking space of the crypto market is still evolving. Hence, as the project achieves critical mass, investors might further see its potential and tag along with its growth. Thus, GOON should be on investors as it maintains its status as one of the trending tokens on the polygon chain.
What Might Be The Next Top Trending Crypto
The casino is one of the industries with a natural moth, and participants often jump hurdles to take part in their favourite games. Interestingly, it is also among the fastest-growing crypto sectors, with a handful of projects leading the race.
Thanks to the Telegram ecosystem, blockchain-based casino projects now find a readily available market for their products and services. This accounts for the fast success of the Mega Dice token.
The project launched the presale offering of the DICE token, and within weeks of the presale offering, it achieved nearly $1.6 million in presale funding. Besides seeing impressive traction from investors, Mega Dice equally saw a surge in social engagement, particularly among investors on its waiting list.
The Mega Dice brand is known for its success in the casino sector. Before coming to the crypto ecosystem, Mega Dice has built a successful online casino business with thousands of monthly users.
Its foray into the blockchain is an opportunity for crypto investors to become a part of the Brand’s success. According to the Mega Dice website, the platform records over $50 million in monthly wagered amounts, giving it the liquidity it needs to drive the brand towards greater success.
Currently, DICE is available to investors, and it’s priced at $0.105266. The window to take advantage of the ongoing presale discount is gradually drawing to a close. The countdown shows that it’s about 12 days until the next price increase.
Also, the presale offering of the Mega Dice token comes with a staking opportunity, which allows investors to earn more Dice tokens on the staked asset. The details of the staking offer are available on the project’s presale page, and further information is constantly posted on the project’s Twitter handle.
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