Top Trending Crypto Coins on DEXTools

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Amidst the recent economic downturn and the recent crisis in the Middle East, investors are increasingly seeking refuge from the turmoil. Many are turning to cryptocurrencies as a potential haven, but the inherent volatility of these digital assets keeps them on edge. Despite the turbulent economic climate, the top trending coins on DEXTools are proving to be remarkably resilient.

In an environment where developers create new cryptocurrencies daily, traders are constantly in search of reassurance for their investment choices. While some digital assets offer the promise of recovering past losses, others may need to meet expectations. This underscores the importance for investors to have the ability to distinguish between profitable and less promising cryptocurrencies.

On the stock market front, Canada’s primary stock index declined on Friday, relinquishing some of its weekly gains. Concerns about the potential expansion of the Middle East conflict dampened risk appetite, even as resource shares enjoyed a boost from rising commodity prices.

The S&P/TSX composite index on the Toronto Stock Exchange ended the day down 37.38 points, equivalent to a 0.2% decrease, settling at 19,462.86. Despite this daily setback, it managed to secure a 1.1% gain for the week, putting an end to three consecutive weeks of decline.

Meanwhile, in the United States, the S&P 500, a key benchmark, also experienced a decline. This came in response to Israel’s announcement of ground operations inside the Gaza Strip, marking a significant shift in their approach to Hamas fighters following their recent deadly actions in Israel.

Mike Archibald, a portfolio manager at AGF Investments, commented on the situation, saying, “There’s definitely a flight to safety when we look at oil and gold over what may happen next in the Middle East.”

Within the Toronto market, the technology sector faced a 1.8% decline, while the heavily weighted financials sector experienced a 0.8% decrease.

1. Illuminati (ILUM)

The recently introduced coin, Illuminati, was launched on the Binance network and is presently available for trading on various exchanges, including PancakeSwap, ParaSwap, and 1Inch (BSC). The current price of the token stands at $0.0000000047, with a market capitalization of $4,739. This represents a significant volume in the cryptocurrency market.

The ILUM token actively circulates on both decentralized and centralized exchanges. In the past 24 hours, there have been no transactions involving this token just yet. Additionally, out of the total token supply, 1,000,000,000,000 tokens have been burned.

You can readily acquire this coin on any of the exchanges above, and it’s noteworthy that the transaction fees for selling and buying the token are both set at 0%. Therefore, for the most cost-effective exchange, PancakeSwap is recommended, although traders should exercise caution due to the identification of a HoneyPot.

Furthermore, it’s worth noting that the liquidity pool for ILUM currently stands at $0 on PancakeSwap. However, it has considerable potential to become a top trending cryptocurrency as it is the usual practice for traders to flock to new crypto assets.

Once ILUM entirely makes its mark, traders will traditionally buy the token and save it for a rainy day. Interested investors are encouraged to leap, but adequate research should precede it.

2. BarnBridge (BOND)

The decentralized autonomous organization governing the decentralized protocol, BarnBridge, recently ended the voting process to address the potential demands of the United States Securities Exchange Commission (SEC).

The voting came to a unanimous decision on October 12. The decision favors complying with the SEC’s potential requests and being prepared to pay fines if necessary. Tyler Ward and Troy Murray were selected as the DAO’s special delegates to engage with the regulatory body. Concurrently, Douglas Park retains his role as the DAO’s legal counsel and will execute the final order on behalf of BarnBridge. Additionally, voters have given their consent for the DAO’s treasury to sell any permissible tokens if the need arises.

It’s important to note that there is no available information about the specific orders the SEC may have issued to BarnBridge, and the SEC initiated its investigation into the DAO in June 2023, prompting BarnBridge to halt all activities and close its liquidity pools immediately. In an address to the members, Ward refrained from disclosing the details of the SEC’s investigation due to its confidential nature.

The price of BarnBridge’s native token, BOND, has seen a gradual increase since then. It reached its all-time high of $185.7 in October 2020 before descending again. At the time of this report, the token is valued at $5.34. It sold at $1.67 on Thursday after the vote. This steady increase will soon take BOND to the moon, where it will become the most trending cryptocurrency.

pic.twitter.com/ChsjBuGEzM

— BarnBridge (@Barn_Bridge) July 7, 2023

In 2021, BarnBridge introduced its “SMART Exposure” application, which allows users to automatically rebalance the weighting between assets in a specific ERC-20 token pair, providing a passive means of maintaining the desired asset allocation.

Notably, in November 2022, the SEC initiated administrative proceedings against the first legally recognized DAO in the US, the American CryptoFed DAO. The SEC cited deficiencies in the Form S-1 registration statement filed by American CryptoFed, including the absence of critical information such as audited financial statements and comprehensive business and management details.

3. Helio (HAY)

Helio Protocol operates as a decentralized over-collateralized lending and liquid staking platform within the Binance Smart Chain (BNB) ecosystem. At its core, HAY serves as the native stablecoin of the protocol, backed by an over-collateralization of BNB and redeemable for an equivalent value of US $1 in BNB.

Dear #HelioGuardians,

We have heard from the @Galxe team that they have regained control of their website and a compensation recovery plan is underway. If you have been affected, please stay tuned to their updates on their official platforms. 🤓

As a result, we will slowly… https://t.co/7npBlmYXnV pic.twitter.com/b968ocsGdu

— Lista DAO (@lista_dao) October 8, 2023

Its utility spans multiple purposes, including enabling users to borrow the token with a collateral ratio of approximately 152% (equivalent to around a 66% loan-to-value ratio) by pledging BNB as collateral on the platform. Additionally, HAY can be utilized in liquidity mining on LP DEXes and as a medium of exchange for transferring value in the exchange of goods and services.

A vital aspect of the Helio Protocol’s vision is its commitment to complete decentralization. This endeavor will be further advanced with the launch of its Decentralized Autonomous Organization (DAO) following the Token Generation Event (TGE) of its governance token, HELIO.

At its core, Helio Protocol’s primary objective is to introduce a novel form of digital currency in the form of HAY that is characterized by both capital efficiency and decentralization.

What Might Be The Next Top Trending Crypto?

YPRED tokens are poised to serve a multitude of functions within the yPredict platform. Holders of these tokens will have the capability to utilize them for analyzing various coins and gaining access to data-driven metrics. Furthermore, these tokens will play a pivotal role in subscribing to predictive models available in the yPredict Marketplace.

🚀 Explore the future of crypto trading with #YPredict! 🤖

Harnessing AI and ML, we empower traders with data-driven insights for smarter decisions and bigger profits. Our platform invites AI enthusiasts to monetize predictive models too. 💰

Pattern recognition, sentiment… pic.twitter.com/mKyf59qM6z

— yPredict.ai (@yPredict_ai) October 11, 2023

The marketplace itself is envisioned as a hub where financial data scientists can offer their predictive models through a subscription-based service.

YPRED tokens will also grant their holders the power to participate in the decision-making processes within the yPredict ecosystem. What sets yPredict’s staking pools apart is their unique approach; these pools will source liquidity from 10% of every new user’s YPRED deposit. This innovative approach is designed to foster community involvement in decision-making.

The forthcoming phases of yPredict’s development will concentrate on solidifying its core offerings and fostering community growth, slated for the second and third quarters of 2024. Additionally, there are long-term plans to enhance and expand the platform, commencing in the first quarter of 2024 and extending beyond.

Essentially, yPredict is diligently crafting a suite of tools and platforms with the ultimate aim of assisting traders in the complex task of price prediction. While the impact of these upcoming features is yet to be determined, they represent a promising approach to address a challenge commonly encountered by traders in the community.

Visit yPredict.