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Despite the significant decline in the prices of crypto assets today, AVAX has retained a large part of its recent gains. As of the time of writing, its price remains above $50, which is quite close to a major resistance level. The overall outlook of tokens in the Avalance ecosystem is quite promising.
However, the top trending tokens on the Avalanche chain hold the key to the future of the token. The list below provides a general overview of Avalanche-based projects gaining traction and receiving fund inflow.
Most Trending Cryptocurrency Tokens on Avalanche
Besides highlighting established crypto projects, the news piece also offers an update on the progress of Bitcoin Minetrix. The project’s token, BTCMTX, is currently on presale. Investors can own the back of the token before it is listed on exchanges. A step-by-step overview of how to participate is also included below.
1. Kalao Token (KLO)
Kalao (KLO) is an emerging non-fungible token (NFT) ecosystem built on the Avalanche (AVAX) blockchain. It is designed to accelerate the adoption of virtual reality (VR) technology within the NFT space.
Moreover, KLO’s mission is to provide a fully decentralized, scalable, low-cost NFT marketplace that integrates seamlessly with real-world applications. By combining VR technology with decentralized finance (DeFi) capabilities, Kalao allows users to create, sell, purchase, and collect NFTs and exhibit their collections in personalized 3D NFT galleries.
Kalao (KLO) currently trades at $0.005404 with a 24-hour trading volume of $251,956 and a market cap of $1.00M. It showcases a significant -26.66% decrease in the last 24 hours. Despite its recent price decline, Kalao has experienced fluctuations. Its highest price was recorded on November 3, 2021, at an all-time high of $1.836640. However, it was lowest on October 13, 2023, at an all-time low of $0.000944.
The current sentiment surrounding Kalao’s price prediction is bearish, alongside a Fear & Greed Index indicating extreme greed at 83. Kalao boasts a circulating supply of 185.32M KLO out of a maximum supply of 500.00M KLO, positioning it at #79 in the Metaverse sector.
Despite its fluctuating performance, Kalao exhibits resilience, trading above the 200-day simple moving average and maintaining high liquidity based on its market cap. Analyzing its yearly performance, Kalao witnessed its best year in 2021 with a price drop of -20.77%. Meanwhile, 2022 marked its worst year, with a significant price decrease of -98.80%.
2. Colony Token (CLY)
Colony ($CLY) is a community-driven accelerator within the Avalanche ecosystem, propelled by its native token, $CLY. It facilitates the growth of early-stage projects on Avalanche by providing funding and liquidity to DeFi protocols within the network.
In addition, Colony actively purchases and stakes Avalanche (AVAX) and tokens from upcoming subnets. They also acquire select Avalanche projects to construct an Index.
Presently, Colony is valued at $0.322747, with a 24-hour trading volume of $136,809, reflecting an 8.88% increase in the last 24 hours. The highest recorded price for this asset occurred on December 12, 2021, reaching an all-time high of $2.77. Conversely, its lowest was observed on January 1, 2023, at $0.033739.
Despite market fluctuations, Colony exhibits a bullish price prediction sentiment, complemented by an Extreme Greed index of 83. Moreover, Colony has showcased significant growth in recent times.
By market cap, it ranks #333 in the DeFi Coins sector and #309 in the Binance Smart Chain sector. Meanwhile, its remarkable performance includes a 583% increase in the past year, outperforming 89% of the market.
Exciting times in the @avax #DeFi ecosystem as diversity takes center stage! At @colonylab, we take pride in actively contributing to this vibrant landscape, exploring the varied yield opportunities that #Avalanche has to offer!🔺
82 days ago, Colony provided ~$184K (AVAX/USDC)… pic.twitter.com/jyl6mEfQ8O
— COLONY 🔺 (@Colonylab) March 5, 2024
Its top-performing year was 2023, witnessing a 571.62% surge in price, while 2022 marked a -97.48% decline. With an average yearly growth rate of 147.98%, Colony excels in Q4, with an average gain of 101.47%, while Q2 typically sees a -24.23% loss.
3. Crabada (CRA)
Crabada is a Play-to-Earn game built on Avalanche. It offers its CRA governance token, which can be earned by staking and playing the game during the incentive period.
Currently, Crabada is priced at $0.001714, with a 24-hour trading volume of $5,716.57. Its market cap is $610,153, and its dominance is 0.00%. Over the last 24 hours, the CRA price has seen no change.
On November 22, 2021, Crabada reached its peak price of $2.81. In contrast, its cycle low of $0.000216 occurred on October 11, 2023. Since then, the highest price has reached $0.006596 (cycle high).
In addition, the current sentiment toward Crabada’s price prediction is bearish, accompanied by an Extreme Greed index of 83. Crabada’s circulating supply is 355.98M CRA out of a maximum supply of 1.00B CRA. Moreover, there has been a yearly supply inflation rate of 39.07%, creating 100.00M CRA in the last year.
Regarding market cap ranking, Crabada holds the #100 position in the Gaming sector. Highlighting its performance, Crabada has experienced 21 green days out of the last 30 days, accounting for 70%.
Furthermore, the most remarkable year for Crabada was 2021, when its price increased 191.38%. Conversely, 2022 marked the worst performance, with a -99.49% drop. On average, Crabada has shown a yearly growth rate of 15.36% over the last four years. Typically, the token performs best in Q4 with an average gain of 300.94% and worst in Q2 with a loss of -83.64%.
What Might Be The Next Top Trending Crypto
Bitcoin price dipped by over 7% in the last 24 hours, and many investors consider this an opportunity to load a back of the Giant crypto coin. With 80% of Bitcoin holders holding tightly to their coins, one will unlikely get enough to buy before the bull market peaks.
What is #BTCMTX all about?
🔗 #BTCMTX is a decentralized cloud mining platform that tokenizes the process, allowing anyone to mine $BTC.
🛡️ Ensuring a safe and transparent experience.
Tackling a major concern by eradicating the risk of third-party cloud mining scams. pic.twitter.com/ubS2eLmLL6
— Bitcoinminetrix (@bitcoinminetrix) March 10, 2024
Thankfully, Bitcoin Minetrix is out to ensure no one is exempted from the benefits of the bull markets. With as little as $10, anyone with the BTCMTX token can start their own personal Bitcoin mining operation. It is all powered by a cloud computing service, and it is decentralized. The power to govern the platform is in the hands of the community. And, unlike the prevalent mining operations, its energy requirements are not as significant.
The halving month would likely launch a new phase of the crypto market. We’ve seen the Bitcoin spot ETF launch the current bull market. It is believed that the halving would take the market to its peak before it starts a decline to the bottom.
If these predictions are true, it shows that the time to take advantage of the market is now. There is no better way to position oneself for the incoming opportunity than to join a revolutionary Bitcoin mining opportunity. The price of the BTCMTX token and the procedure involved in the presale offering are available on the projects page.
Visit the Bitcoin Minetrix Presale
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