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The fresh pullback from the $70k level signals renewed bearish sentiment in the crypto market despite the euphoria of the recent Bitcoin conference. The price of BTC made its first attempt to reclaim the S70k price this quarter but encountered a major sell-off, particularly signifying the gradual return of the bears.
While they anticipate a clear direction for the giant cryptocurrency, investors are turning the altcoins market for viable investment opportunities. The top trending cryptocurrencies on the Polygon chain are among the top on investors’ watchlists, and this article details the market data for each project.
Most Trending Cryptocurrencies on Polygon
Meanwhile, the presale offering of the WienerAI project native cryptocurrency, WAI token, ends tomorrow, 31st of July. The project’s presale program can pass as one of the most successful this quarter, with over $8 million raised so far. The project details and the token’s presale offering are included in today’s post.
1. Stader (SD)
Stader (SD) is a non-custodial platform that empowers users to participate in the staking economy across multiple blockchains like Ethereum, Polygon, and BNB. By staking their crypto assets, users can earn rewards without relinquishing control of their holdings. With a robust user base of over 85,000, including individuals and institutional investors, Stader has established itself as a prominent player in the liquid staking landscape.
At the heart of Stader is the SD token, a multifaceted asset that underpins the platform’s operations. SD token holders can actively participate in governance decisions, influencing the platform’s trajectory. Additionally, the token can be utilized in liquidity mining programs, offering users the potential to earn additional rewards. Meanwhile, holding SD tokens is a prerequisite for those aspiring to become node operators on Stader’s ETHx network.
Making $SD more sustainable!
The first $SD buyback shall go live on July 31, 2024.
$150k worth of $SD will be bought from the open market.
More details here.
— Stader Labs (@staderlabs) July 25, 2024
On the other hand, the SD token has recently exhibited remarkable price performance. It has surged by 11.8% in the past 24 hours, outpacing the broader cryptocurrency market and its Polygon ecosystem counterparts. This upward momentum is further evidenced by a staggering 391% increase in trading volume over the same period, signaling heightened investor interest.
Investors can explore centralized exchanges such as OrangeX, Bybit, and Gate.io to acquire SD tokens. As Stader continues to expand its reach and solidify its position in the market, the SD token’s value proposition and its recent price appreciation make it an intriguing asset for those seeking exposure to the burgeoning liquid staking sector and the dynamic Polygon ecosystem.
3. GENIUS AI (GNUS)
GNUS AI is a pioneering platform that combines federated learning with decentralized GPU mining to create a secure and private environment for artificial intelligence and machine learning. This innovative approach allows for collaborative AI development without compromising data privacy. GNUS tokens can be traded on various blockchain networks as a multi-chain project.
The GNUS token is the lifeblood of the GNUS AI ecosystem. Currently trading at $5.297, it boasts a market capitalization of $4.37 million. What’s truly remarkable is the token’s performance in the past 24 hours, with a staggering 160.74% price surge. This explosive growth has propelled GNUS into the spotlight, making it one of the hottest tokens in the market.
Investors can acquire the token through the DEXTswap platform to capitalize on the GNUS frenzy. By trading GUNS/WETH pairs, users can participate in this exciting project. DEXTools, a trusted platform for trading and managing digital assets, provides a secure and efficient environment for GNUS transactions.
The recent surge in GNUS token price and trading volume is a testament to the growing interest in decentralized AI and the potential of the GNUS platform. As the project continues to gain traction, the GNUS token is poised to become a major player in the cryptocurrency market.
3. Legends of Elysium (LOE)
Play-to-earn project Legends of Elysium (LOE) is making waves in the crypto world today. This fantasy project combines classic card game mechanics with NFT ownership, allowing players to truly own their in-game assets. But what’s grabbing attention is the recent surge in LOE’s price and trading activity.
LOE’s price currently sits at $0.0499, boasting a staggering 393.33% increase in the last 24 hours. This jump has placed LOE among the hottest tokens on the Polygon network today. The trading volume has also spiked, reaching $337,826 on the last day, a 60.70% increase from the previous day. This surge in activity suggests growing interest in the project.
Development of the desktop version of Legends of Elysium is going according to plan – early prototype is already up and running! We're currently hard at work testing and debugging it.🛠️
Get ready for @Steam this Fall! It's going to be amazing.⚔️
🔸PLAY NOW… pic.twitter.com/9mc98YZlNE
— Legends of Elysium (@LegendsElysium) July 29, 2024
Legends of Elysium offers a unique gameplay experience that blends strategy and ownership. The game’s “Stake & Borrow” mechanism allows NFT owners to earn passive income while others can borrow the NFTs for their decks. This innovative feature adds another layer of utility to the LOE token.
Investors looking to buy LOE can head to centralized exchanges like Bitget, MEXC, and Gate.io. These platforms offer trading pairs like LOE/USDT, making it easy to acquire the token. Alternatively, users can buy LOE directly through the DEXTswap platform.
While LOE is experiencing a positive trend, it’s important to remember that the cryptocurrency market is volatile. Investors should always conduct their research before making any investment decisions.
What Might Be The Next Top Trending Crypto
WienerAI is about wrapping up the presale offering of the project’s cryptocurrency, the WAI token. Given the amount of funds invested in the project, the WAI token has a great chance of becoming one of the top-performing assets in the crypto market.
While the team has not yet announced the token’s launch date, the update on the project’s website and its social media handle highly the 31st of July as the last day investors would have a chance to purchase the token at the current discounted value.
WienerAI is making final calibrations!
The presale ends in just 2 days. This is your last chance 🤖🚀 pic.twitter.com/ieHkhv4Bsk
— WienerAI (@WienerDogAI) July 29, 2024
The project, which focuses on providing trading services to traders and investors in the crypto market, has a lot of unique selling points. One of its strengths, apart from its pronounced utility, is its appeal to the meme culture.
With its Sausage Doge mascot and Sausage community, the WienerAI project aims to drive up the value of the token through mutual efforts. Meme Crypto has demonstrated the power of the community towards giving the crypto projects its initial pump, and WAI currently has thousands of members across its social media platform. Hence, the chance of seeing the initial pump is relatively high.
Furthermore, the WienerAI project pushes the boundary of its value proposition by allowing investors to stake their holdings ahead of the project’s launch. The gains on the staked tokens are redeemable upon token launch. Investors can find information about other benefits and values offered by the WienerAI project on the project’s website and social media platforms, particularly WienerAI’s official Twitter handle.
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