Top Trending Crypto Coins on DEXTools

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U.S. Senator Elizabeth Warren is spearheading the introduction of the Digital Asset Anti-Money Laundering Act. It aims to curb concerns surrounding the purported misuse of digital currencies in illicit activities.

Warren’s bill targets financial transgressions, including money laundering, ransomware attacks, sanctions evasion, drug trafficking, elder fraud, and other illicit practices facilitated by cryptocurrencies.

The proposed legislation seeks to bolster regulatory oversight by enforcing stringent reporting requisites. This includes extending the responsibilities mandated by the Bank Secrecy Act (BSA), demanding Know-Your-Customer (KYC) requirements, and necessitating reports on transactions linked to unhosted wallets. These measures aim to foster greater compliance within the digital asset ecosystem and close existing regulatory gaps.

Senator Warren’s vocal opposition to digital assets has been evident, expressing a strong stance in favor of regulating cryptocurrencies due to their perceived involvement in funding illicit activities. The expanding support for the Digital Asset Anti-Money Laundering Act underscores the potential for increased regulatory scrutiny within the crypto space.

The global crypto market cap currently stands at $1.58 trillion, marking a 0.51% increase over the last day. Within the past 24 hours, the total crypto market volume surged to $79.68 billion, depicting a 12.45% rise. DeFi contributes $9.66 billion, constituting 12.12% of the crypto market volume. Meanwhile, stablecoins account for $73.57 billion, representing 92.33% of the entire crypto market’s 24-hour volume. Bitcoin’s dominance presently rests at 51.87%, experiencing a 0.58% decrease over the day.

1. MetaBot (MBOT)

MetaBot (MBOT), a recently unveiled cryptocurrency, debuted on December 9, 2023, entering the market with an initial price of $0.00001520. At the time of this report, MetaBot is valued at $0.000279, showcasing a 24-hour trading volume of $938.00.

While running on the Ethereum (ETH) chain, MetaBot has gained attention as one of the trending coins. While its current valuation remains relatively modest, the dynamic nature of crypto tokens mandates real-time monitoring for accurate information.

The MetaBot token is available for trading on Uniswap V3, Uniswap V2, and ParaSwap exchanges, priced at $0.01261. The platform is a robust news hub, offering traders dependable information crucial for informed trading decisions. Providing real-time pricing data alongside additional insights such as gain, 24-hour volume, transaction count, and more, DEXTools proves invaluable for traders considering significant investments in MBOT.

https://twitter.com/MetaBOT_erc/status/1734430264632173033?s=20

Ranking #490 in the DeFi Coins sector and #436 in the Binance Smart Chain sector concerning market cap, MetaBot demonstrates potential within the cryptocurrency space. Its recent price surge of 8.99% within the last 24 hours indicates a promising trajectory for this emergent token.

To stay updated with the latest MetaBot data, traders are encouraged to watch the trending performance on DEXTools. They should also do their research about the latest top-trending cryptocurrency.

2. Beam (BEAM)

Beam (BEAM) follows MetaBot on our list of the top-trending coins today. Beam is a groundbreaking decentralized finance platform committed to revolutionizing user privacy within the cryptocurrency landscape. Distinguished by its use of two blockchain protocols, LelantusMW and Mimblewimble, Beam strives to amplify transactional anonymity and address balances and user identities. Developed from the ground up in C++, the Beam blockchain prioritizes user address confidentiality, empowering users with complete control over their privacy.

As of February 2021, Beam boasts a maximum supply of 262.8 million tokens, with 81.97 million currently in circulation. The platform leverages the Equihash proof-of-work algorithm, chosen for its data-handling capabilities, to fortify network security and integrity. Additionally, Beam supports diverse transaction types, including escrow, atomic swaps, and time-locked transactions. The platform hinges on the Mimblewimble protocol, ensuring full confidentiality across all network transactions.

Beam’s arsenal includes a Virtual Machine facilitating confidential decentralized applications (dApps) using WebAssembly (WASM) execution. Contract Shaders manage business logic, while App Shaders handle presentation layers, simplifying wallet integration.

Designed to eliminate user data mismanagement, Beam aims to provide a secure, reliable transaction platform. The platform supports private stablecoins, non-fungible tokens (NFTs), and automated market makers (AMMs) and envisages future developments encompassing lending, oracles, sidechains, and wrapped assets. Beam’s blockchain enables seamless creation, transaction, and trading of assets, ensuring indistinguishability from regular Beam transactions. Additionally, Beam houses a Uniswap-like AMM for Beam and its Confidential and Bridged Assets.

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Recent market movements show Beam experiencing a 34.64% decline in the past seven days. However, there has been a 10.70% increase in the last 24 hours, juxtaposed with a 2.19% decrease in the past hour. Presently, BEAM is priced at $0.ing at 96.07% below its all-time high of $3.18. It also has a circulating supply of 148.15 million tokens.

Beam’s strategic emphasis on privacy-focused DeFi transactions underscores its ambition to redefine user privacy while forging ahead with innovative and inclusive crypto-based financial solutions.

3. Gelato Network Token (GEL)

Gelato is another platform exhibiting changes at this time. It has seen a 7.48% increase over the past seven days and a significant 12.11% surge in the last 24 hours, although it observed a minor 0.33% drop in the past hour. Currently valued at $0.40 per GEL, Gelato stands at 90.70% below its all-time high of $4.25. The circulating supply of Gelato presently stands at 109.95 million GEL.

Gelato operates as a platform focused on facilitating transaction execution at predetermined times. As a decentralized automation protocol, Gelato leverages smart contracts on the Ethereum blockchain alongside executor infrastructure services, enabling users to automate transactions seamlessly. The platform addresses the sophistication, reliability, and centralization prevalent in DApps, offering automated smart contract executions.

Decentralized finance (DeFi) applications on public blockchains, particularly Ethereum, lack inherent automation due to limitations within the Ethereum Virtual Machine. Gelato’s platform aims to bridge this gap by providing an underlying infrastructure. This infrastructure offers developers access to a decentralized network of bots capable of monitoring off-chain protocol states and executing specific transactions based on predefined conditions.

Gelato’s journey commenced with the release of its whitepaper in September 2021, and the token launch followed suit on September 13, 2021. The platform’s co-founders, Hilmar Orth, and Luis Schliesske, boast a background in finance and have co-founded a previous blockchain startup focused on enabling European companies to leverage smart contracts for exploring new business models. Their collective expertise culminated in the creation of Gelato, which aims to empower the development of automated DApps. Both Orth and Schliesske bring extensive experience from their work with various startups.

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Gelato’s novel approach to leveraging automation within DeFi applications demonstrates its commitment to addressing key hurdles and paving the way for more sophisticated, reliable, and decentralized transaction execution in the evolving landscape of decentralized finance.

What Might Be The Next Top Trending Crypto?

TG.Casino, a pioneering Telegram-based casino platform, offers users a secure, Know Your Customer (KYC)-free gambling experience, tapping into the burgeoning Telegram-web3 narrative. This trend has recently witnessed the meteoric rise of various cryptocurrencies like Toncoin.

Amidst this surge, crypto casino projects are witnessing remarkable demand, notably due to their distinct advantages over traditional casinos.

Launching on Telegram presents TG.Casino with unique advantages, notably a seamless user interface, end-to-end encryption, and access to the platform’s colossal user base of over one billion.

Distinguishing itself in the field, TG.Casino is one of the few licensed Telegram-based casinos. Recently passing a team-KYC audit and a smart contract audit, the platform assures users of its commitment to regulatory compliance and security.

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Currently, TG.Casino is conducting a presale, offering the TGC token that unlocks substantial user benefits. These perks include a generous 25% cashback on losses, complimentary rewards, up to 200% rakeback, exclusive game access, and more.

An innovative buyback mechanism incorporated by TG.Casino involves repurchasing TGC tokens from the market, allocating a portion of the casino’s revenue. Subsequently, 40% of the repurchased tokens will be burned, with the remaining 60% dedicated to staking rewards.

Recent updates from the team revealed impressive platform metrics, with over 2450 active players wagering over $30 million, culminating in $3.7 million in net deposits. These statistics underscore the platform’s burgeoning demand and the exceptional value it provides to users.

The presale has already raised over $3.7 million and continues to gain momentum. Notably, the team secured a recent investment of 14 ETH, equivalent to $31,000, indicating robust interest and confidence in the platform’s growth trajectory.

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