Top Trending Crypto Coins on DEXTools - Ethereum Name Service, Token, Asap Sniper Bot

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The crypto market is currently going through the weekend effect as it is not taking a decisive position. Although there are gainers and losers and there are really top trending cryptos on DEXTools, it can hardly be said for now that the sentiment is in a particular direction.

The global economic conditions are somehow helping the market to gain traction as they have done throughout the week. Central bank policies and stock market shocks sent investors who have more cash to expend to find a safe haven in crypto.

Other factors also serve as catalysts to improve the crypto market’s position. The most prominent of them are the new innovations coming out of several crypto projects. As projects are improving their scalability and security, investors’ appetite for those assets increases. The general feeling is that some of them become less risky with the improvement of their internal programs.

How the general crypto market will play out this weekend depends a lot on the impact of impending policies like rate hikes on the psyche of investors. If they desperately want to run for cover, the crypto space is where some of them will find some comfort as the days unfold.

1. Ethereum Name Service (ENS)

The crypto market is constantly witnessing battles for dominance between several projects. It can get really intense as the ecosystem keeps introducing new innovations that push the boundaries of technology. In all these, Ethereum is the go-to place for those who want to build decentralized applications. It attained this status because of its high-level smart contracts and dynamic ecosystem.

Ethereum Name Service is a platform that makes crypto addresses active on Ethereum’s blockchain. ENS, as it is referred to, is open, as well as extensible.

ENS was first created under the Ethereum Foundation. It later grew and became an autonomous outfit in 2018. It has a special position as the pioneer of Domain Name Services to Web3’s decentralized platforms.

Ethereum addresses are simplified by the ENS for people to understand them. For example, it changes long addresses with the eth extension into familiar codes that are used on platform wallets like MetaMask. In the final analysis, ENS plans to enhance the comprehension and accessibility of Web3. Just the way DNS makes the internet user-friendly.

ENS is built on 2 smart contracts. It registers domains and important information about resolvers, owners, and caching. The resolver aids translation between domain names and readable addresses on machines. It goes ahead to make sure there is a perfect match between websites, users, and addresses.

These remarkable features set ENS apart and it makes sure there are lots of investments coming its way from excited investors. The platform is set to yield more returns if the market recovery is consolidated. Being associated with Ethereum puts ENS in the right position to be one of the top trending coins in the market.

2. Token (TOKEN)

TOKEN is an ambitious crypto asset that was built on Ethereum’s blockchain. There is a highly connected and passionate team behind the project. It is driven by the idea of building a strong community and then setting up TOKEN as the lead currency on Ethereum’s mainchain.

Hot Pairs on DEXTools

The TOKEN project is committed to revolutionalize the means of launching and managing tokens launched on the Ethereum network. This platform’s approach includes the implementation of innovative and new features like the Liquidity Pools, as well as renounced ownership. The way TOKEN makes sure it has a secure and stable ecosystem is by burning those Liquidity Pools. It prevents liquidity from getting out and adding up to the overall value of tokens.

Renouncing ownership, on the other hand, demonstrates the platform’s commitment to decentralization which lets the community have absolute control to make decisions over the asset’s future.

Top trending cryptos have the common attribute of solving problems and wanting to resolve the challenges seen on their host platforms. Investors who wish to join the revolution should invest in TOKEN now.

3. Asap Sniper Bot (ASAP)

This is a digital asset with a current market capitalization of $3 million and a trading volume of $970,655 in the last 24 hours. Asap Sniper Bot is a new global crypto asset with an urge to attract investors. It currently sells at $0.005386.

Investors who have an appetite for new crypto assets and wish to try it out ASAP should do so. It has not been tested by the deep waters of the market instability and no one really knows how it would fair. However, it can also become one of the top trending cryptos if given the benefit of the doubt.

4. Compound (COMP)

Compound (COMP) is a decentralized finance lending protocol that lets the platform users earn a certain level of interest on cryptocurrencies when they deposit those assets into one of many pools that the platform supports.

Users receive cTokens anytime they deposit their cryptocurrencies into such pools that Compound supports. The individual’s stakes are represented by the cTokens they earn and they can be used to get back the cryptocurrencies they deposited into the pool when they are ready.

When a user deposits ETH, for example, they receive cETH. The exchange rate of the underlying cryptocurrencies to the cTokens increases over time. That means users get to redeem more of the underlying assets that they staked when they wish to withdraw. That is the platform’s method of distributing interests.

On the other hand, users can also take a loan from the platform. They can secure loans from the platform after they have first deposited collateral. The loan borrowers can get out of Compound depending on the collateral they put up. For now, it varies between 50% to 70%. The interest rates also vary based on borrowed assets. At the same time, borrowers may face liquidation automatically if their collateral is below a certain maintenance level.

The Compound mainnet was launched in 2018. Since then, the platform has gained a lot of popularity and it recently gained a total value locked of $800 million.

What Might Be The Next Top Trending Crypto?

The crypto market continues to do well with presale tokens, however. The momentum a project like AiDoge gathered during its presale did not diminish even at the end of the presale and while the community waited for the Claims and Launch date. As soon as AI was listed on exchanges, the buying momentum picked up sharply again. Notwithstanding that presale sold out completely.

Such is the nature of projects that the wider crypto community believe in and they want to do business with. The issue of investor confidence in a project goes beyond the rosy time of the project by when it seems to hit the rocks momentarily.

A project like yPredict is in the good books of the market and it has received a lot of goodwill since its presale began. The presale has now raised over $1 million while selling at $0.0445.

The predictive platform will not only offer the market accurate predictions generated by artificial intelligence, but it will also give users the opportunity to offer their own predictions.

Investors who like to see a future where the crypto market is led by information and investors make better-informed decisions should invest in yPredict. The platform guarantees rich investment returns when it hits crypto exchanges and the price rises. Invest in yPredict now while the presale is on.

Visit yPredict.