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Ethereum has been on a sideway trend since the start of Q2. The asset’s price has been barely chained for several days now, preferring the low range in most cases. However, the network hosts some of the best-performing crypto assets. Many of the tokens built on the chain are recording increasing prices and marginal changes in trading volume.
Thus, the ETH might post price recovery in the coming weeks if activities within the network maintain their current pace. This post covers the performance of the top trending cryptocurrencies on the Ethereum chain today.
Most Trending Cryptos on Ethereum Chain
In addition, today’s post includes highlights of the crypto projects to watch. 99Bitcoins presale recently debuted, and it raised over $400k in a few days. The growing investors’ interest in the project and its learn-to-earn concept gives it a noteworthy uniqueness. Thus, the post explores what the team and platform have to offer the crypto community.
1. Open Custody Protocol (OPEN)
The Open Custody Protocol (OPEN)—formerly Qredo— is revolutionizing how applications connect to custody solutions, making it easier for developers to manage keys securely. This innovative approach, Keychain Aggregation, simplifies complex processes and reduces risks.
OPEN has demonstrated significant market activity, with a trading volume of over $2 million in the last 24 hours. Further, according to data from Etherscan, its remarkable price increase of 132% indicates that it is gaining traction in the market. Despite a slight decline in price over the past week, its recent surge in trading volume indicates growing investor interest.
With a market cap of $33 million, OPEN demonstrates substantial market potential. Its circulating supply of 700 million tokens further solidifies its position as a promising investment opportunity.
The token’s modular and decentralized custody primitive aligns well with the increasing demand for versatile solutions, especially with the rise of tokenization of Real-World Assets (RWAs). The token’s market activity and social media following, boasting over 77,000 Twitter followers, reflect strong community support. The token’s trading volume has increased by 237.70% in the last 24 hours, suggesting heightened market activity and investor confidence.
Important update regarding QRDO rebrand to OPEN in KuCoin https://t.co/l7q9d1UJZv
— Open Custody Protocol (former Qredo) (@OpenCustody) April 16, 2024
As a token built on the Ethereum Chain, OPEN ranks high among other trending tokens. Thus indicating its potential for further growth and adoption within the blockchain ecosystem. Considering its innovative approach to custody solutions and growing market activity, OPEN presents itself as a worthwhile investment opportunity for investors.
2. Efinity Token (EFI)
Efinity, developed by Enjin on the Polkadot network, is set to revolutionize the NFT space, focusing on scalability and accessibility. With a recent private sale raising over $18.9 million, the platform is gearing up for significant development. Unlike its counterpart, JumpNet, which focuses on compatibility, Efinity aims to handle scalability, boasting an impressive 700 to 1,000 forever free transactions per second (TPS).
One of the most exciting features of Efinity is its integration with Enjin Coin (ENJ), which introduces staking opportunities for users. By staking their ENJ tokens, users can earn rewards paid out in EFI, the native token of the Efinity platform. NFTs held in wallets will also be auto-staked, giving owners a passive income stream for holding Enjin-based items.
EFI is valued at $0.08238 and has a market cap of $7.06 million. The token saw a 14% increase in price in the last 24 hours, indicating growing investor interest. Furthermore, the trading volume surged 103.20% in the same period. Thus, growth signals increased market activity.
Meanwhile, Efinity boasts a community of over 16,000 holders, indicating strong support and interest. It is positioned to become a significant player in the NFT space, offering its users unique utility and earning opportunities.
3. Not Financial Advice (NFAI)
Not Financial Advice (NFAI) is a decentralized Hedge Fund experiment leveraging neural net technology for trading decisions on decentralized platforms. With a 133.91% price increase in the past week, NFAI has significantly outperformed the global cryptocurrency market and similar tokens within the Ethereum ecosystem.
Despite its relatively low price of $0.03964, NFAI boasts a market cap of $3,376,569 and a circulating supply of 85 million tokens. Moreover, the project aims to generate profits from leverage trading. These proceeds will fund further development and reward holders through buybacks, burns, and an upcoming stacking module.
NFAI tokens are tradable on decentralized and centralized exchanges, including popular platforms like Uniswap V2, V3, and BitMart. The most active trading pair, NFAI/WETH, recorded a trading volume of $57,249.34 on Uniswap V2 in the last 24 hours, which indicates significant market activity.
With over 2,000 holders, NFAI has amassed a dedicated community following. It presents a worthwhile investment for investors interested in experimental hedge fund strategies and neural net technology in cryptocurrency.
What Might Be The Next Top Trending Crypto
Technology has been very instrumental in the evolution of education. However, the next iteration of education is being invested with the help of blockchain technology. 99Bitcoins is incentivizing learning engagement through its native cryptocurrency, 99BTC.
The platform is pioneering the crypto Learn-to-Earn initiative. It offers to reward users for acquiring adequate knowledge of the industry through its courses and learning programs. The native cryptocurrency of the platform, 99BTC, makes it possible.
Token holders won’t only have access to proprietary knowledge of the industry. They also have a market edge over their counterparts. For one, adequate knowledge of cryptocurrency and its underlying technology is essential to success in space.
However, the 99BTC token has additional benefits besides granting access to exclusive learning resources. Some benefits include exclusive crypto signals offered to traders who hold the 99BTC token and access to a growing community of like-minded learners.
According to the presale website, the 99Bitcoin platform has been involved in educational services since 2013. They have the competence to ensure that learners are adequately informed and provided with suitable knowledge.
Now that 99Bitcoins is getting into crypto, users can expect some of the best experiences. 99Bitcoins is built on the BTC-20 platform. Hence, investors are about to own a token that belongs to one of the fastest-growing crypto ecosystems in the world.
Barely days after the presale offering launch, 99bitcoins have raised over $460 thousand. At the current rate, the presale might be over before the end of the week. Thus, it is best to take the necessary action to get involved before the chance elapses.
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