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The Polygon network currently boasts a remarkable uptrend in prices as the trending tokens in the ecosystem generate increasing activities. As of yesterday, the number of active addresses on the chain peaked at over 1.1 million. Thus, the price of POL is up significantly.
However, the surge in price is not localized to the Polygon ecosystem alone; Bitcoin has recorded a price increase of over 8% in the last 24 hours. Apparently, the crypto bull market is in full swing.
Most Trending Cryptocurrencies on Polygon
While the bull trend rages on, it’s best to step back and understudy new projects that afford investors the chance to take sizeable returns on investment. SPONGE made the news recently as one of the cryptocurrencies to watch this quarter after its dramatic debut on the Polygon chain. Below is a summary of its recent performance and its outlook in the bull market.
1. Voxies Token (VOXEL)
Voxies (VOXEL) is an engaging 3D turn-based tactical RPG game. Also, the token draws inspiration from classic titles of the 1990s and 2000s. It incorporates contemporary elements to offer players a unique gaming experience. The game offers two playing modes – Exploration and Battling – featuring RPG mechanics.
Voxies (VOXEL) is currently priced at $ 0.282186, with a 24-hour trading volume of $ 45.84M. Its market cap is $ 33.09M, with a market dominance of 0.00%.
Moreover, in the last 24 hours, VOXEL experienced a 4.31% increase in price, contributing to its overall positive performance. The token reached its all-time high of $ 4.74 on December 16, 2021, and its all-time low of $ 0.123601 on June 15, 2023.
Despite the current bullish sentiment, indicated by a Fear & Greed Index at 79 (Extreme Greed), VOXEL has a circulating supply of 117.26M. It is out of a maximum supply of 300.00M, suggesting potential for further growth.
Over the last year, the token has seen a yearly supply inflation rate of 28.59%, creating 26.07M VOXEL. Trading above the 200-day simple moving average and being listed on Binance add to its appeal.
As the native utility currency of Voxie Tactics, VOXEL enables players to acquire in-game items, including weapons and armor. With a unique feature, players can obtain VOXEL tokens within the game and exchange them in the secondary market.
In terms of historical performance, 2023 was a standout year for Voxies, witnessing a 42.04% increase in price. Conversely, 2022 experienced a notable decline of -95.45% from $ 3.61 to $ 0.164268.
The average yearly growth over the last four years is -8.75%. Voxies tend to perform best in Q4, showing an average gain of 20.37%. However, Q2 reflects its weakest performance with a -61.95% loss.
2. Proxies (PRXY)
Proxy, rebranded as BTC Proxy, is an institutional-grade Bitcoin DeFi bridge to the Polygon and Ethereum networks. Furthermore, its primary role is to enable decentralized tokenization of Bitcoin, focusing on serving multinational institutions. The platform recently migrated its contract address from Proxy to BTC Proxy to reflect its focus on Bitcoin integration.
Meanwhile, users can effortlessly trade and manage their assets across different blockchains by utilizing the Proxy Relay. This bridge allows for the seamless transfer of Bitcoin to Ethereum or Polygon, eliminating the need for centralized exchange systems.
Despite the promising features outlined in its whitepaper, BTC Proxy acknowledges challenges within the Ethereum ecosystem. These challenges include a robust, permissionless, and decentralized bridge for Bitcoin transfers.
Proxy (PRXY) is currently valued at $ 0.114751 in terms of price performance. It boasts a 24-hour trading volume of $ 112,541 and a market cap of $ 53,981.
The distribution contributes to the token’s high liquidity, as reflected in its market capitalization. This liquidity provides ample opportunity for trading and exchanging the token within the market.
BREAKING:
The number of #BTC on balances of investment funds hit a new ATH. pic.twitter.com/dxjeMQMqkN
— BTC Proxy (@BTC_proxy) February 26, 2024
Analyzing its yearly performance, 2022 emerged as Proxy’s top-performing year, witnessing a 14.30% increase in price. Conversely, 2021 saw a significant decline of -99.51%, highlighting the token’s volatility.
On average, Proxy has experienced a yearly growth rate of -29.43% over the last four years. The token typically exhibits its most robust performance in Q2, demonstrating an average gain of 96.81%. Conversely, its weakest performance is often observed in Q3, showing a loss of -36.71%. These insights provide valuable context for investors considering Proxy as part of their portfolio diversification strategy.
3. Turnup (LFG)
The TurnUp token (LFG) is integral to the TURNUP platform, representing the world’s pioneering Web3 social gaming ecosystem. In this innovative environment, players can immerse themselves in various instant games and join dynamic guilds. Also, they can acquire valuable assets, all within a Web3 social graph framework.
The token aims to create an inclusive and decentralized gaming community supported by a robust infrastructure and tools suite. The LFG token is the in-game currency, facilitating various utilities such as mission unlocking, club boosts, and NFT purchases.
https://twitter.com/GoTurnUp/status/1762081031815922043?s=20
With impressive price performance, including a recent 41.10% increase, LFG tokens are actively traded on decentralized exchanges like Uniswap V3 (Polygon). It reflects TURNUP’s growing popularity and appeal within the gaming and cryptocurrency communities, showcasing its potential for growth and adoption.
4. Affyn (FYN)
Affyn is at the forefront of developing a blockchain-powered Metaverse project featuring a free-to-play, Play-to-earn mobile game. Affyn seamlessly blends gaming enjoyment with blockchain technology, leveraging geolocation capabilities and augmented reality mechanics.
The FYN token is the designated blockchain utility token, enabling players to utilize earned tokens in virtual and real-world scenarios. It establishes a cohesive closed-loop economy, enhancing the overall gaming experience and providing tangible benefits to players.
Proud to be recognized as an OG in the space and yes the gold rush has only just begun 🚀 Thanks @paulbarrontv for the feature! 🙏🏼 https://t.co/QfWEwUFpQU
— Affyn Official (@AffynOfficial) February 27, 2024
As of the latest update, Affyn’s market performance showcases a current price of $ 0.044301, with a notable 49.47% increase in the last 24 hours. The token’s market cap is $ 11.25M, contributing to a market dominance of 0.00%. Affyn has demonstrated robust performance, with a 36% increase in the last year, outperforming 50% of the top 100 crypto assets during this period.
In addition, it has maintained trading above the 200-day simple moving average, reflecting its stability and positive trend. Affyn has experienced 21 green days in the last 30 days, indicating a bullish sentiment and trading near its cycle high.
What Might Be The Next Top Trending Crypto
Sponge V2 emerged as a new iteration of the $SPONGE meme coin, marking a significant milestone in 2023 as it surged from a $1 million market cap to nearly $100 million. Thus, its remarkable performance underscores the coin’s resilience and potential for further expansion.
At the core of Sponge V2 lies the innovative Stake-to-Bridge model. This feature offers $SPONGE holders a seamless transition to V2 by staking their V1 tokens. This strategic approach not only streamlines the shift but also rewards loyalty, as staked V1 tokens are locked in for four years, promising a minimum APY of 201%.
Today, SPONGE is outperforming most cryptocurrencies in the market, with over 21% gains in the last 24 hours. The dynamic price action presents an opportunity to earn some reward in the bull market. Thankfully, the project also has some upcoming utility features that would increase the demand for the token. In the end, SPONGE market data reveals that early investors will take a big win on their investment if it keeps up the current price action.
Don't forget about the upcoming #SpongeV2 Play-to-Earn game! 👀
Stay tuned for updates. 🧽$SPONGE #Crypto #Altcoins #100x #Web3 #AltSeason #Binance pic.twitter.com/Z51MSmKqVF
— $SPONGE (@spongeoneth) February 21, 2024
Sponge V2 holds significant upside potential for future growth as it forges ahead. Also, it is poised to solidify its position as a prominent player in the evolving landscape of meme coins and blockchain projects.
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