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The crypto market is embarking on a price retrace as assets trade at much lower prices than yesterday. Even though Bitcoin made several attempts to cross the $68 mark in the last 24 hours, its price remains relatively below the $64k level.
The Polygon network is gradually gaining traction and restoring its place as one of the top-ranking layer 2 networks. Today, the top trending tokens on the Polygon chain have outperformed the crypto market by a significant margin. This article covers the price action of these tokens, highlighting the factors that have contributed the most to each crypto coin’s giants.
Most Trending Cryptocurrencies on Polygon
The article also shares insight into the crypto presale market, particularly the WienerAI project’s presale offering. The project raised an impressive $7 million within a few weeks of its presale program, making it one of the best-performing presales in recent times. Hence, the post presents an overview of the project and the presale of the WAI token.
1. PERI Finance (PERI)
PERI Finance, a decentralized cross-chain synthetic issuance and derivative exchange protocol on the Polkadot network, is making headlines. This innovative protocol provides unlimited liquidity, allowing users to access traditional financial products and crypto assets effortlessly. By addressing issues such as high GAS fees, slow transaction speeds, and vulnerabilities like front-running and flash loans, PERI Finance offers a robust solution using Layer2 with OVM (Optimistic Virtual Machine).
The price of PERI Finance (PERI) currently stands at $0.263. Moreover, this marks a 16.88% price increase in the last 24 hours, showcasing strong momentum. Furthermore, the 24-hour trading volume reached $72,733.97, reflecting increased market interest. Over the past week, PERI’s price surged by an impressive 198.13%, bringing its market cap to $3,550,915 with a circulating supply of 14 million PERI.
Comparatively, PERI Finance’s recent performance is remarkable, especially compared to the broader cryptocurrency market. While the global market saw a modest increase of 2.90%, PERI Finance outperformed significantly. In addition, it has outshined similar Polygon Ecosystem cryptocurrencies, which showed no notable growth.
Loving the 90.22% APY 😍🤩
Passive income is real! 🔥
Stake now! 👉 🌐https://t.co/tQ6Lt2WXn4— PERI Finance (@PERIfinance) July 20, 2024
Moreover, the trading volume for PERI Finance over the past 24 hours highlights a 33.70% increase, indicating a surge in market activity. This rise in volume suggests growing investor interest and confidence in the token.
2. Ecet Token (ECET)
Evercraft Ecotechnologies (ECET) is dedicated to promoting and realizing exceptional projects in decarbonization and environmental technologies. The company focuses on reducing greenhouse gas emissions, efficiently utilizing resources, and producing environmentally friendly high-tech materials. Moreover, Evercraft Ecotechnologies prioritizes the protection and preservation of the environment.
Meanwhile, Evercraft Ecotechnologies (ECET) ‘s price is $0.06102. This marks a 2.84% price increase in the last 24 hours, indicating some positive movement.
However, ECET experienced a -14.57% price decline over the past week. This performance contrasts sharply with the global cryptocurrency market, which saw a 3.00% increase. Similarly, compared to other Polygon Ecosystem cryptocurrencies, which showed no notable growth, ECET has yet to perform.
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— Evercraft Ecotechnologies (@evercrafteco) July 23, 2024
In addition, ECET’s trading volume in the last 24 hours reached $50,436.14. This represents a significant -60.90% decrease from the previous day, signaling a recent fall in market activity. The drop in trading volume suggests reduced investor interest and participation in ECET.
Evercraft Ecotechnologies remains committed to advancing environmental technologies and reducing greenhouse gas emissions despite the recent downturn. The company’s dedication to environmental preservation and resource efficiency positions it well for future growth, even amid current market challenges.
3. Finance Vote (FVT)
Finance Vote, a decentralized Finance (DeFi) governance platform, is making waves in the cryptocurrency market. The platform, designed to introduce quadratic voting technologies and price discovery mechanisms, is pushing prediction markets and decentralized autonomous organizations (DAOs) into new territories.
Furthermore, users of Finance Vote can earn tokens for accurate price predictions and participate in governance decisions, positioning the platform as a key player in DeFi 2.0. Currently, the price of Finance Vote (FVT) is $0.002073.
Over the past 24 hours, FVT has seen a staggering 268.03% price increase, accompanied by a trading volume of $1,688,124. Additionally, over the last seven days, the token’s price has surged by 332.62%. With a circulating supply of 200 million FVT, the market cap now stands at $424,349.
Regarding market performance, Finance Vote is significantly outperforming the global cryptocurrency market, which has only risen by 3.10% in the same period. Moreover, it surpasses other cryptocurrencies within the Ethereum ecosystem, which have seen an average increase of 12.70%.
— finance.vote | SBT Prediction Market (@financedotvote) July 23, 2024
The trading volume of FVT has seen a remarkable increase as well. Over the past 24 hours, the volume has risen by 30,642.40%, signaling a substantial rise in market activity and interest in the token.
What Might Be The Next Top Trending Crypto
The future of the crypto market hinges on the ability of innovators, teams, and token creators to think outside the box. By standard, the market would lean towards projects with proven utility and the ability to solve real-world problems. However, this does not imply that the crypto market would see fewer degen investors. This means that investors would be more interested in investing in projects with stable crypto assets.
Hence, upcoming crypto projects like WienerAI have taken a different approach to ensuring investors find the best of utility and degen investing. They blend meme culture and utility outlook, giving them a unique appeal.
With the Sausage mascot, the project attracts meme coin investors and taps into the community-driven trends of meme coin value. The AI-backed trading bot provides valuable services to traders and crypto investors. These dual features help the project secure its long-term value and protect investors’ funds.
The WAI token is currently on presale, and investors can purchase it at a discount. The current price is pegged at $0.00073, and investors have until July 31st to take advantage of the discount.
Walking into the new week like a true Wiener 🌭 pic.twitter.com/QrKctKTFhL
— WienerAI (@WienerDogAI) July 22, 2024
The WienerAI team and community have put the odds of success on their side, particularly with the thousands of people across the WienerAI social media platforms and its investor community. Also, the substantial amounts it’s realized through its presale program give it enough resources to see the project through to success. Presale investors can find further details and guidance on the project’s presale website and official Twitter hand.
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