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The crypto price discovery continues unabated, and prices have failed to settle for a specific direction. Price action in the crypto space is worsened by the growing influence of regulators and the recent failure of the Fed to achieve the anticipated rate cut. Worst still, the fear of an impending crypto winter has forced several investors into unwarranted pessimism.
The price decline across the market equally affects the top trending cryptocurrencies on the Ethereum chain. This article shares insight into the price action of some of these crypto tokens. The price directions of these coins have moved widely between sudden boom and bust, resulting in increasing dilemmas among investors.
Most Trending Cryptos on Ethereum Chain
While many investors believe it’s best to lay back until the crypto market returns to a more favorable atmosphere, the 99Bitcoins project suggests otherwise. The project’s presale offering of the 99BTC token has attracted substantial interest from Crypto investors. At the time of writing, the project has amassed over $2.2 million amidst the down-trending price movement in the crypto market. Further information about the project and its crypto presale is contained in the post.
1. Enjin (ENJ)
Enjin Coin—a cryptocurrency designed for virtual goods—is revolutionizing the gaming industry. Enjin Coin aims to reduce high fees and fraud commonly associated with the transfer of virtual goods.
Moreover, Enjin Coin is an ERC20 token with smart contract capabilities. Also, it is one of the first projects testing the Raiden Network, Ethereum’s version of the Lightning Network. This allows for faster and more efficient transactions.
In addition, the Enjin platform offers developers a public API and software development kits (SDKs), enabling the creation and management of virtual goods. These tools allow developers to create custom currencies for their platforms backed by Enjin Coin, bringing the benefits of blockchain technology—such as speed, cost-efficiency, and security—to the gaming world.
Meanwhile, Enjin Coin has a price of $0.1963, with a 24-hour trading volume of $17,246,803.39. The price has slightly increased by 0.51% in the last 24 hours but has declined by 15.02% over the past seven days. With a circulating supply of 1.5 billion ENJ, Enjin Coin’s market cap stands at $288,105,148.
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Consequently, investors can trade the Enjin Coin on several centralized crypto exchanges. Bitunix is the most popular exchange for Enjin Coin, with the ENJ/USDT pair having a trading volume of $171,153 in the last 24 hours. Other popular exchanges include Deepcoin and Binance.
Enjin Coin is poised to transform the gaming industry by offering a secure, efficient, and cost-effective way to manage virtual goods. With its robust technical features and growing market presence, Enjin Coin is a cryptocurrency to watch in the gaming sector.
2. Parallel (PAR)
Parallel, a multifaceted platform within the cryptocurrency ecosystem, is gaining attention for its diverse functionalities across digital collectibles and broader crypto finance. The platform boasts a digital collectible marketplace with over 37,000 assets available for borrowing, underscoring its significant presence in the digital asset and NFT market.
In addition to its digital collectibles platform, Parallel features PAR, an overcollateralized and decentralized EURO-pegged stablecoin issued via the Mimo protocol. PAR operates across multiple blockchains and is backed by a diversified portfolio of robust collaterals, including conservative, decentralized, and productive assets.
This stablecoin serves various purposes, such as generating yield and leveraging price movements and yield opportunities. It also provides liquidity while acting as collateral within decentralized finance (DeFi) applications.
Meanwhile, Parallel (PAR) is priced at $1.02 with a 24-hour trading volume of $654,907.89. This reflects a modest 1.18% increase over the past day and a 1.83% increase over the past week. With a circulating supply of 2.2 million PAR tokens, the platform holds a market capitalization of $2,286,241.
Despite market fluctuations, PAR has shown resilience, outperforming the broader cryptocurrency market’s recent downturn with a 1.80% increase in the past week, while similar stablecoins experienced marginal declines.
PAR tokens are actively traded on decentralized exchanges, with Uniswap V3 (Ethereum) emerging as the most favored platform. The PAR/USDC trading pair on Uniswap V3 recorded a trading volume of $547,216 within the last 24 hours, underscoring strong market liquidity. Other prominent exchanges for PAR include Curve (Polygon) and Uniswap V3 (Polygon), reflecting its broad availability and trading accessibility across different blockchain networks.
3. Decentralized Eternal Virtual Travelers (DEVT)
The DEVT token is an ERC-20 governance token for the DeHorizon metaverse, making headlines with its recent market performance. With a total supply of 300 million tokens, DEVT holders can stake their tokens to join the DeHorizon DAO and participate in governance decisions. A burn mechanism will soon be introduced, which will help DEVT maintain a stable deflation and enhance token value.
DEVT is priced at $0.001849. In the past 24 hours, the token’s trading volume soared to $609,278.35. This signals a significant price increase of 239.78%. Meanwhile, DEVT’s price has surged by 229.27% over the past week.
DEVT has outperformed the broader cryptocurrency market with a 7-day price increase of 210.70%. However, the global market saw a slight decline of 2.00%. Compared to other cryptocurrencies in the Ethereum ecosystem, which rose by 12.70%, DEVT’s performance stands out.
Furthermore, DEVT is available for trading on both decentralized and centralized exchanges. The most popular exchange for DEVT is Uniswap V3 (Ethereum), where the DEVT/USDC pair saw a trading volume of $36,530.71 in the last 24 hours. Other notable exchanges for DEVT include Bybit and Uniswap V2 (Ethereum).
Moreover, the token’s 24-hour trading volume has skyrocketed to $608,716, representing a 776.10% increase from the previous day. This substantial rise in market activity indicates growing interest and confidence in DEVT.
What Might Be The Next Top Trending Crypto
99Bitcoins presale came to the limelight after it popularized the Learn-to-earn concept. The initiative turns the traditional education model on its head by rewarding users financially and with adequate knowledge.
With the 99Bitcoins platform, traders and crypto enthusiasts will gain access to relevant industry knowledge and participate in a community of like-minded investors. Right now, the platform’s social media outlet is arguably one of the most engaged in the crypto education niche.
Investors on the waitlist are constantly fed with hands-on news and reports of the current trends in the crypto market. These updates are aimed at helping investors make swift decisions in the face of a changing market environment.
Additionally, 99Bitcoins provide exclusive access to trading signals, which provides an increased advantage to traders and investors, particularly amidst widespread uncertainties in the crypto market. The signals are available to holders of the 99BTC tokens.
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Presently, the token price is $0.0011, a discounted price resulting from the ongoing presale offer. The project website shares more information about the project and its road map.
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