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The sentiment in the crypto market swings between optimism and bearish sentiment as the price of assets continues on a downward trend. Bitcoin price takes a further nose dive as it trades below the $64k level. On the other hand, the top trending cryptocurrencies on DEXTools are showing impressive performance, with some assets posting double-digit gains today.
One downside of the widespread bearish sentiment in the crypto market is that promising assets quickly lose their luster. Investors have seen the value of several tokens go up in smoke since the anticipated Bitcoin halving pump failed to materialize.
Top Trending Crypto Coins on DEXTools
However, the presale trend has emerged to restore the hopes of investors. Several presale projects that were recently launched have raised hundreds of thousands within a short time. Today’s update includes an overview of the Slothana presale. This project raised millions of dollars in presale and is currently on track to make its first appearance on Decentralized exchanges.
1. Riku (RIKU)
Riku is a new memecoin that’s recently listed on the Uniswap exchange. The project builds on the Chinese dragon story as a symbol of strength and the vibrancy of its community. According to its website, the project is raising a community of passionate crypto enthusiasts focusing on building sustainable wealth.
It does not promise a specific financial benefit, as the disclaimer on its website emphasizes that the RIKU token has no particular utility. However, RIKU is available on several exchanges, meaning users can swap or exchange it for other cryptocurrencies.
At the time of writing, RIKU has over two thousand holders worldwide, a relatively sizable number for a new crypto project. Moreover, it made an appearance on the DEXTools trending cryptos list. Thus, it’s assumed that the token is gaining increasing market traction.
Riku has relatively encouraging market data, indicating that the project has the potential to evolve into a valuable token in the long run. For example, DEXTools data shows that RIKU now has over $600k market cap. The project’s liquidity is also valued at $124.03K, which is impressive for the newly listed memecoins.
The blue dragon on #base is ready.$Riku @RikuBased #CTO at 500K with ATH of 5M
Dev, artist, community working together and #buiding_on_base
A hidden gem, #small_but_mighty$wif $bonk $brett $peezy $boge $mochi $toshi #riku pic.twitter.com/VPOiMGjLkW— RIKU🐉😊 (@RikuBased) April 27, 2024
In addition, Riku’s social media platform hints at a growing number of NFT holders. This means that the project is gradually extending the dragon footprint into other sectors of the crypto market.
With that, it can retain its identity as a trending cryptocurrency to watch. Overall, the emerging blockchain-based dragon project has a future ahead of it, and investors should watch the trend.
2. Grok (GROK)
Grok is an established name in the crypto market after its successful performance during the memecoin season. At the season’s peak, GROK had a market cap of $148 million and a price of $0.29. The project has gained increasing interest from investors, as many believe it has the potential to outperform the market in the future. Grok earns its name from the popular Twitter AI project, which came into the limelight.
The project leverages the popularity of AI to earn community interest and attract degen investors. Impressively, the strategy has yielded results for the community, and the project has consistently appeared on the top trending list on DEXTools. Despite the overall price dump in the crypto market, GROK’s performance has been quite different.
Currently, each GROK token is priced at $0.014. With the growing attention to the project, it might see a further price increase. Also, the project’s fundamentals position it for further upsides, which implies that it has the potential to make more appearances on the trending list this week.
In the last 24 hours, Grok is back on the DEXTools’ trending cryptocurrency list after it posted gains of over 16% today. The token’s trading volume remains relatively stable. It topped 90 million trading volume yesterday, 100% of its current market cap.
Moreover, there are over 19 thousand GROK token holders at press time, and the project has completed over 300 thousand transactions, according to Etherscan. Investors should pay attention to the GROK trend as the project has the potential to outperform other cryptocurrencies in the memecoin category.
3. Pandora (PANDORA)
Pandora is listed as one of the top trending cryptocurrencies on DEXTools today and appears on the hot pair list. The project came into the limelight as the bull market kicked into full strength earlier in the year with a price surge.
Fundamentally, Pandora is one of the groundbreaking narratives of the year. The project leverages Ethereum’s recent upgrade, popularizing the 404 token standard. It allows NFTs to function both as meme coins and cryptocurrencies. At full potential, the development would open the door for a new trend in the memecoin and NFTs sector, allowing both categories to cross-operate.
However, the future of this trend is currently threatened by the declining enthusiasm in the crypto market. The market is yet to see the narrative fully unfold. On the other hand, there is anticipation of an incoming altcoin season, which may lead to the maturation of several crypto narratives. Ultimately, Pandora and assets in the 404 class may still have time in the crypto market.
Meanwhile, the token recorded over 23% price pump in the last 24 hours and an increase of 8% in trading volume. Apart from appearing as a trending token and hot pair on DEXTools, it also appears on the list of top crypto gainers today. With the rotation of funds into the altcoins market, investors might see assets like the PANDORA token making substantial gains.
What Might Be The Next Top Trending Crypto
Investors have realized that cryptocurrency’s future depends on the success of the memecoin crypto category. Primary cryptocurrency’s failure to reach its full potential in this bull run has inspired several investors to invest in assets that promote a genuine interest in cryptocurrencies. Generally, the value of meme cryptos has increased consistently over the week.
🌅🌿 As the sun rises on the final day of the Slothana presale, the savannah stirs with anticipation. Behold, the dawn of a new era is upon us! 🦁🚀 Today, we bear witness to the rise of Slothana, destined to rule over the memecoin masses with wisdom and slothful grace.
Gather… pic.twitter.com/zVp9FKyMPX
— Slothana (@SlothanaCoin) April 28, 2024
In addition, the new crypto project, Slothana, has recorded a dramatic increase in popularity. The project, which entered the crypto scene with a dramatic performance, ended up raising about $10 million through the presale offering of its token SLOTH.
An update on the project’s website recently hints that SLOTH investors may receive the pleasant surprise of an exchange listing later in the week. Nevertheless, investors have a short window to participate in the ongoing presale as the project rounds off the presale offering of its crypto token.
The SLOTH token is currently offered on presale at 10000 SLOTH to 1 SOL. Investors can get the token through the project’s website, and the token will be airdropped to the participant’s wallet as soon as the listing date is announced. Further details of the project and its presale are available on its social media handle and website.
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