Top Trending Crypto Coins on DEXTools

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At the time of this report, the crypto market capitalization is down by 0.16% over the last 24 hours. Although it started Saturday morning with close to a 1% gain, the market corrected a few hours ago. The market may have a long weekend as the traders have taken a break from finding the top-trending cryptocurrency.

Investors find themselves at a crossroads regarding the potential timeline for global interest rate reductions, a factor exerting pressure on the dollar, especially during a traditionally complex period of the year. This places immense significance on forthcoming inflation data. Concurrently, China deliberates on its growth prospects, adding another layer of uncertainty to the economic landscape.

In Dubai, world leaders convene for a summit addressing climate change. However, consensus on strategies or funding to combat this issue remains to be established, casting a shadow over any immediate resolutions.

The dollar is on track to mark its most feeble monthly performance in a year, currently reflecting a 2.7% decline. Speculation surrounding a swift pivot towards Federal Reserve rate cuts in the upcoming year has steered investors towards undervalued Treasuries. Consequently, yields have witnessed their most significant drop in a month over the past four years, leading to a surge in stock prices (represented by . SPX) at the dollar’s expense. The timing of these concurrent movements poses a challenge for the greenback.

Historically, December tends to be a challenging month for the dollar’s performance. Data since 1973 reveals an average December loss of 0.9% for the dollar. However, the currency typically recuperates these losses in January, boasting an average gain of 0.98%.

Statistically, a sustained decline over three or even two consecutive months is improbable. Out of 16 instances when the dollar has fallen in November and December, only four occasions have seen a continuation of the decline into the subsequent January.

1. Froge (FROGE)

The Froge token (FROGE) has witnessed a meteoric rise across DEX markets following a mention by OpenAI President Greg Brockman on Twitter, prompting traders to speculate that this ETF token could be the next top-trending coin.

Recent months have showcased a surge in explosive movements among tokens traded on DEX platforms, with several moon-shot tokens such as APX, SAMBO Bot, Baby Meme, TIME, ROCKY, and IO gaining significant attention.

The remarkable surge in FROGE’s value stems from meme narrative sentiment sparked by OpenAI President Greg Brockman’s image post on Twitter. As the shared photo indirectly endorsed the meme, DEX markets swiftly reacted, propelling the Froge token into the latest moon-shot territory.

At present, the FROGE token is trading at a market price of $0.0000000007720, signifying a staggering 24-hour change of +5,530% as it aims to consolidate newfound gains following the surge prompted by the Brockman tweet.

The rally commenced on November 23 at midnight, witnessing an overwhelming surge of over $16.2 million in volume and attracting over 200 holders, fueling an impressive rally. This surge established a robust support zone between $0.0000000004675 and $0.000000000800, which is currently posing as a supply zone for consolidation attempts.

With the FROGE token’s market cap at $5 million (toward the upper end for short-lived meme coin runs), momentum may wane from this point onward, mirrored by a shift in transaction balance showing 65% sell pressure. However, despite the sell-pressure, FROGE exhibits signs of resilience, defending the consolidation move above the support zone effectively depicted on the chart.

https://twitter.com/FrogeVIP/status/1728399085663666617?s=20

Moreover, bullish sentiment could strengthen owing to positive actions by the token contract developer, resulting in price action safeguarded by $771,000 in locked liquidity.

From the current standpoint, FROGE eyes an upside target at $0.000000001225 (a potential +60%), while downside risk could see it drop to $0.000000004675 (a possible -38%). This positions FROGE with a reward ratio of 1.56, a presentially reasonable entry point despite the inherent high-risk nature of DEX trading.

2. Veil (VEIL)

VEIL (VEIL) also has good reports today. It sells at $0.00554477, with a 24-hour trading volume of $331.97. This marks an impressive 32.97% surge in the last 24 hours and an outstanding 150.82% increase over the past seven days. With a circulating supply of 130 million VEIL tokens, the market cap for VEIL stands at $745,820.

The highest recorded price for VEIL (VEIL) stands at $0.510369, documented on April 25, 2019, over four years ago. Comparatively, the current trading price represents a significant 98.90% decrease from the all-time high. Conversely, the lowest recorded price for VEIL (VEIL) was $0.00009990, noted on April 7, 2021, over two years ago. The current price showcases an extraordinary increase of 5,496.24% from the all-time low.

Over the past seven days, VEIL (VEIL) has demonstrated remarkable performance, exhibiting a staggering 150.80% surge, surpassing the global cryptocurrency market, which reported a 3.70% increase. Moreover, compared to similar Privacy Coins cryptocurrencies, VEIL (VEIL) has outperformed, with its counterparts showing a 2.40% increase in the same period.

Community sentiment towards VEIL (VEIL) as a top-trending cryptocurrency remains notably bullish, with more than 100% of users expressing positive sentiment and confidence in the cryptocurrency’s current trajectory and potential future performance.

3. Pepe (PEPE)

The Pepe coin has not been on the good side of the market lately; nevertheless, it is fast becoming a symbol of doggedness. The token showed resilience after experiencing slight losses earlier in the trading session on November 25. As of the latest update, Pepe Coin observed a notable 4.44% surge, trading at $0.000001125 on November 25. Moreover, its trading volume over the last 24 hours surged by 25.79% to reach $66.02 million.

The highest recorded price for Pepe Token (PEPE) is $0.02967233, documented on August 29, 2023, approximately three months ago. The current trading price reflects a significant 92.55% decrease from the all-time high. Conversely, the lowest recorded price for Pepe Token (PEPE) was $0.00121133, noted on September 27, 2023, about two months ago. The current price showcases a noteworthy increase of 82.38% from the all-time low.

Over the past seven days, Pepe Token (PEPE) has witnessed a price decline of -13.80%, indicating an underperformance when compared to both the global cryptocurrency market, which reported a 3.70% increase, and similar Ethereum Ecosystem cryptocurrencies, which exhibited a rise of 12.70% in the same period.

The community sentiment towards Pepe Token (PEPE) remains notably bullish, with over 100% of users expressing positive sentiment and confidence in the cryptocurrency’s current trajectory and potential future performance.

What Might Be The Next Top Trending Crypto?

yPredict operates as an innovative crypto research platform leveraging artificial intelligence to furnish users with data-backed insights and analytical metrics, empowering informed decision-making in trading. Offering comprehensive market analytics, research tools, and price prediction capabilities, yPredict seeks to transform the approach of crypto traders toward the market.

🚀 Exciting News in the Crypto Space! 🌐 Investors are buzzing around yPredict (YPRED) as its presale approaches the finish line, having raised a staggering $5 million! 📈🚀

🤖 yPredict is set to revolutionize crypto analytics, making advanced insights accessible to all traders… pic.twitter.com/P9nr3OGvmx

— yPredict.ai (@yPredict_ai) November 25, 2023

At its core, the yPredict ecosystem revolves around the YPRED utility token, featuring a total supply of 100 million tokens, with 80% earmarked for the presale phase.

Positioned as a next-generation trading research and analysis platform, yPredict harnesses AI to give novice and seasoned crypto traders data-driven insights. It meticulously analyzes an extensive array of data points, encompassing ghost patterns, sentiment analysis, technical indicators, blockchain transactions, and alternative data, to generate actionable trading signals.

As outlined in the project’s documentation, yPredict’s primary objective is to construct a platform utilizing AI capabilities to predict crypto prices and offer sophisticated analytics.

The YPRED token stands as the linchpin of the yPredict ecosystem, steering the development of state-of-the-art AI tools intended for various industries. The token will become a top-trending cryptocurrency when it launches on crypto exchanges.

Visit yPredict.

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