Top Trending Crypto Coins on DEXTools

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BlackRock, the world’s largest asset manager, recently restructured its proposal for a spot Bitcoin exchange-traded fund (ETF), aiming to facilitate the involvement of Wall Street banks. The revised application introduces a novel redemption model allowing banking behemoths such as JPMorgan and Goldman Sachs to generate new shares in the fund using cash instead of cryptocurrencies.

The innovative redemption mechanism, termed “prepay,” grants authorized participants (APs) from central banks an avenue to circumvent constraints barring direct holding of Bitcoin or cryptocurrencies on their balance sheets. APs can now transfer cash to a broker-dealer, which converts it into Bitcoin, enabling their participation in the fund. Notably, Coinbase Custody stands as the designated custody provider for the ETF in BlackRock’s scenario.

In related market updates, the global cryptocurrency capitalization currently stands at $1.55 trillion, marking a 2.20% decrease within the last day. Over the preceding 24 hours, the total crypto market volume amounted to $69.02 billion, indicating a decline of 13.42%. The decentralized finance sector accounts for $7.61 billion, constituting 11.03% of the total crypto market 24-hour volume. Furthermore, the importance of all stablecoins now stands at $61.73 billion, representing 89.45% of the entire crypto market’s 24-hour volume.

Bitcoin’s dominance currently rests at 52.11%, experiencing a slight uptick of 0.18% over the last 24 hours. Despite recent market fluctuations and declining volume, this shift underscores Bitcoin’s resilient position within the broader cryptocurrency landscape.

1. GROK (GROK)

While changes occur rapidly in the cryptocurrency sphere, traders have recently sparked considerable attention by gaining about $2.5 million in profits, marking a staggering 6,102% gain, through their transactions involving Grok (GROK), a meme-based cryptocurrency emerging as a contender against established tokens like Dogecoin (DOGE) and Shiba Inu (SHIB).

Grok, introduced as a new AI Chatbot positioned to rival tech giants like Microsoft’s Copilot, Google’s Bard, and OpenAI’s ChatGPT, was unveiled by Elon Musk’s AI venture, xAI, on November 4, 2023.

Announced as a chatbot aiming for a more lighthearted and less politically charged demeanor, Grok boasts a distinctive wit tailored for users seeking humor in their AI interactions. Setting itself apart with its real-time worldly knowledge, Grok integrates with Elon’s social media platform X, allowing it to address bold and unconventional queries often sidestepped by other AI systems. Currently in its early beta phase after three months of development, Grok anticipates rapid evolution through user feedback and engagement.

xAI’s overarching goal behind Grok’s creation is to fashion AI tools that aid humanity in pursuing knowledge and comprehension. Grok aspires to be a versatile research assistant, catering to users from diverse backgrounds and viewpoints. Now, Grok is exclusively accessible to X Premium+ subscribers within the United States.

Grok will have an AMA with the team from @HTX_Global live on their website December 14th, 1AM UTC! 🚀

There will be a giveaway from HTX for the AMA – subscribe now or you can join once the interview is live! https://t.co/wrrZ790QEF

— Grok Project | Parody (@Grok_Project) December 13, 2023

According to reports from The Daily Hodl and Lookonchain, traders reaped substantial profits. They did this by strategically timing their transactions with GROK. Inspired by Grok AI, a chatbot on Elon Musk’s X platform, this token has witnessed a remarkable surge. Its value with traders was leveraging its fluctuations on Gate.io, a cryptocurrency exchange.

The traders’ strategy involved purchasing GROK at a low entry point. It occurred soon after trading commenced, and portions of their holdings were offloaded as the memecoin surged. Presently, the trader maintains possession of nearly 70 million Grok tokens.

At the time of reporting, GROK is trading at approximately $0.01325711. It has a market cap of $84.66 million, highlighting its evolving stature. It is also moving to remain a top-trending cryptocurrency permanently.

2. GHOSTDAG (GDAG)

GhostDAG is equally trending high on DEXTools, sustaining its gains for several days. The platform’s recent announcement intensified this. The forum said it had invested $880,000 in miners to enhance the Kaspa (KAS) mining facility. The project aims to democratize large-scale institutional-grade mining by raising $1 million for the KAS Miner setup. Surpassing expectations, it gained over 1 million organic impressions in 14 days, remaining $120,000 short of its ambitious goal.

GhostDAG is actively evolving the Kaspa mining facility into a top-tier solution. Ethereum miners can utilize the GDAG ERC-20 token to mine KAS and access rewards seamlessly without leaving Ethereum. Early KAS supporters foresee it becoming one of the top 5 cryptocurrencies.

The acquisition of $880,000 worth of miners is a strategic move by GhostDAG.org. Their goal is to boost mainstream adoption of KAS and attract more users to the platform, intending to raise awareness among Ethereum users. It will also make GDAG one of the most trending coins in the market for a long time.

Following an infrastructure upgrade, processing power now stands at 490.2 Th/s, generating $300,000 in monthly revenue through PoW rewards. New elements include 53 IceRiver KS3M and 3 Bitmain KS3 devices for GhostDAG.org and GDAG token holders. Furthermore, 10 IceRiver KS3M devices are allocated to Blocktools.org, and 14 are sourced from third-party customers.

3. Mind (MND)

The price of Mind has shown a marginal 0.01% rise over the past week. Within the last hour, there was a negligible 0.00% change, with the current value resting at $0.0000000000 per MND. However, Mind remains 99.90% below its all-time high of $0.00000002.

Mind, crafted to aid individuals battling depression and mental illnesses, fosters a supportive community. It unites young people to discuss mental health, aiming to eradicate associated stigmas openly. Leveraging music’s dynamic power, the Mind team seeks to offer hope and solidarity to sufferers.

The project aspires to provide a musical avenue for mental stability, detailed in its whitepaper. Additionally, it plans to establish an autonomous music recording label, collaborating globally. The music industry generates over $20 billion annually, and Mind targets a fraction to aid millions in distress.

Mind – Forum

Launching December 18.

Join the official forum, the hub for development insights and community engagement for Mind.

— Mind (@MindLanguageAI) December 12, 2023

Mind commits 80% of record sales profits to mental health and suicide prevention charities. The remaining 20% fuels Mind Coin burning, heightening its value. Burning involves sending tokens to an exclusive account, augmenting shareholdings as the label expands.

Transactions incur a 1% redistribution to holders, steadily increasing Mind Coin holdings for users. It, thus, pushes it to become a top-trending cryptocurrency.

What Might Be The Next Top Trending Crypto?

Meme Kombat (MK) is working hard toward a bullish breakthrough when it launches on exchanges. MK, an Ethereum-based game, pits famed meme characters like Doge and Wojak in battles determined by sophisticated AI.

If you could have anything added to the Meme Kombat Telegram or even the Discord that is coming soon? What would it be? pic.twitter.com/mCWJ8HIgDa

— Meme Kombat (@Meme_Kombat) December 12, 2023

Gamblers use MK tokens to bet on match outcomes, earning substantial 295% APY staking rewards. Meme Kombat’s unpredictable battles offer thrilling entertainment for meme coin enthusiasts beyond wagering.

An upcoming discounted presale of MK tokens precedes their Uniswap launch in January. Experts foresee considerable growth for Meme Kombat in 2024, coupling memes and gaming.

The roadmap teases future Meme Kombat seasons with new characters, modes, and features. Coinsult’s audit ensures robust smart contracts, bolstering Meme Kombat’s reliability and security.

Visit Meme Kombat.