Top Trending Crypto Coins on DEXTools – Level Token, SGO, XRP

The crypto market experiences the rise and fall of several cryptocurrencies very often. It, therefore, requires rapt attention to keep track of events. The tables of trending crypto on DEXTools provide traders and investors the chance of following up on their investments and poach new prospects. 

There are currently more than 10 top trending cryptos on DEXTools but we will examine just a few of them. We will discuss their performance vis the general crypto market and the prospects some of them hold.

1. XRP (XRP)

Ripple’s XRP (XRP) is trending at the top on DEXTools and it comes as no surprise that is happening right now. XRP is currently trending at #1 and this can be attributed to a number of factors.

The crypto market has been expecting the promised end to the long-draw lawsuit. From all available information, the case is likely to end in Ripple’s favor. This result will resonate throughout the crypto world as it would vindicate Ripple. The US Securities and Exchange Commission’s new lawsuit against Binance and Coinbase will also be affected by the legal outcome.

XRP currently sells at $0.5308 and its 24-hour trading volume is $384.35. In the same way, its market capitalization is $147.34.

Another reason XRP is doing exceptionally well today is that the “Hinman documents” in the lawsuit with the SEC have been unsealed today. The documents are believed to contain important arguments regarding the case.

The Hinman documents are related to communications held within the SEC concerning a speech by the Commission’s former director, William Hinman. In the said speech, Hinman was quoted to have said that based on his understanding, ETH and its decentralized structure cannot be classified as securities.

Hinman did not consider Bitcoin to be a security too. He believes that applying the Federal securities laws’ disclosure regime to the resale and offer of Bitcoin won’t add much value.  

2. FistToken (FIST)

The FistToken (FIST) network is one built on the Binance blockchain. The network’s native asset, FIST, currently sells at $0.00863. While at that, the asset is listed on only one exchange and in six active markets. Its 24-hour trading volume is now at $297,000 while its market capitalization is $1.71 million.

FIST also serves as the governance asset of the FstSwap ecosystem. FstSwap is the protocol of a decentralized exchange built on the Binance Smart Chain. As of the time of this writing, it has 200 million units of its token in market circulation.

FistToken is a newborn token and certain sectors of investors consider it quite risky to trade at this stage. Nevertheless, the stride it has made so far makes it a token to buy and do business with. The coming months will give more clarity on its direction based on investors’ appetite.

3. HELLO (HELLO)

HELLO (HELLO) has been brandished as the future of the crypto market and the entertainment world together. It is a Web3 ecosystem that was built around the excellent production of exclusive television shows, NFTs, live events, and games. It will also be a platform to incubate and distribute those ideas.

The platform was founded by the Hollywood director, Paul Caslin. HELLO Labs, is now pioneering a new path in the crypto world by bringing crypto and entertainment together. The HELLO token holders will have access to get the platform’s increasing offers as a lot more IP addresses get created. 

In May, HELLO Labs entered a partnership with BKEX, a cryptocurrency exchange. According to the announcement, BKEX will be the official search partner of HELLO’s program. HELLO Labs is coming up with a television show styled after Shark Tank where it hopes to fish for crypto ideas. The show is also co-produced by CoinMarketCap and it is scheduled to begin airing later this year.

In HELLO Lab’s specific announcement, it said the show will be a mixture of America Got Talent and Shark Tank put together into a Web3 show. 

The HELLO token is currently up by 1.89% and trading at $0.03237. This climb reveals that it is gaining traction and more investors are buying into it by the day.

4. Level Token (LVL)

Level Token (LVL) is trading at an average price of $4.46 and it has a trading volume of $1 million in the last 24 hours. This amounts to a 5.60% rise from its position in the previous 24 hours. It is also a 15.20% drop in the asset’s value from the last 7 days. LVL currently has a market circulation of 6.6 million and its market capitalization is well over $27.5 million. 

Level Token is issued by Level Finance which is a decentralized finance platform. The Level Finance platform does not just contain the LVL token but also a decentralized crypto trading platform built on the BNB chain. 

The token gives access to users to get rewarded by the platform. The exchange, on the other hand, provides exposure to a wide range of perpetual trading contracts among a lot of crypto pairs. Users can always get access to the platform because of its decentralized nature.

For now, however, LVL tokens can only be bought on PancakeSwap. It is where users can buy the tokens with WBNB which they can get when they swap BNB tokens for Wrapped-BNB on PancakeSwap.

Unlike most other cryptocurrencies, LVL cannot be mined. Users can only earn it as a reward for making liquidity available on Level Finance. Furthermore, users can also earn it by staking.

5. Disney (DIS)

The Disney (DIS) token is issued by Miningtw Technology Company Ltd. and it is a meme coin used as a reward, economic model, gift, deflation mechanism, or for interaction. It first surfaced in Hong Kong this year.

The token is a digital coin that is used to represent fractional ownership of Walt Disney shares. It is built on the Ethereum blockchain and it used the network’s ERC-20 standards. The tokenized stock has become valuable as it gives investors exposure to be part of Walt Disney without really buying Disney shares at the stock exchange. Importantly, the token is equally valuable because it possesses a good track record for outperforming S&P 500.

Walt Disney is a buoyant company and it has displayed a lot of potential over the years. But DIS holders need to be fly aware that the company stocks are volatile. They have a propensity to go through significant price changes anytime in the future. It is, thus, expedient to carefully consider investments.

A valid reason to invest in the DIS token is that Walt Disney is a well-known global company. It also has a long history both in the stock and in the entertainment world where its impact is mostly felt. The token gives ample opportunity to investors to gain from the company’s profits in the future. This will come as they equally enjoy the dividends of liquidity and security.

6. Profit Blue (BLUE)

Another top trending coin is Profit Blue (BLUE). It has become one of the most prominent features in the cryptocurrency community. The platform is popular for giving much-needed market analyses, as well as market predictions, especially about Bitcoin.

It has successfully leveraged its expert opinions to build a large following of traders who look up to the platform for trading and investment guidance. Furthermore, Profit Blue gained much popularity for its Bitcoin bearish position which was a stand-alone opinion at the time it was given.

The platform now seeks to build on its success and consolidate it with its BLUE cryptocurrency in the crypto market. Its aim s to give traders with a different market opinion a unique investment opportunity. More specifically, it provides an investment alternative to those traders who disagree with Profit Blue’s position on Bitcoin. BLUE will then draw another set of traders who need other investment options.

What Might Be The Next Top Trending Crypto?

While the coins on DEXTools might look absolutely good to investors, there is yet an opportunity to buy some tokens before they make it to the mainstream of the crypto market. These are assets still on presale that have not been listed on exchanges yet.

Ecoterra (ECOTERRA) is one such and it has caused stirs in the market since its presale began. The project has raised more than $5 million while currently selling at $0.00925.

It provides an opportunity for investors to have a stake in new tokens before their price increases when they get to the open market.