Top Trending Crypto Coins on DEXTools

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DEXTools has a number of trending cryptocurrencies, even though the crypto market strives to overcome its downward trend. The abundance of daily gainers and their substantial gain percentages on DEXTools serve as a promising indicator that brighter days are on the horizon for the crypto market.

The prominent pairs featured on the charts involve tokens paired with others, often in their wrapped form, and reveal their connections to the market. This not only offers them significant growth potential but also broadens their appeal to potential investors, creating more opportunities for purchases and investments.

The top trending coins yesterday were also relatively poor. Trading activities are keeping the market together through the storm.

In global business, Mexico issued a decree on Wednesday aimed at providing tax incentives to companies that choose to relocate their operations to Mexico. The target of these incentives includes significant export industries such as car manufacturing and semiconductors, a move that received cautious approval from economists.

The primary purpose of these incentives is to attract companies looking to shift their offshore operations closer to their customers, a strategy commonly referred to as “nearshoring.” This shift has become more attractive in the aftermath of supply chain disruptions in Asia caused by the COVID-19 pandemic.

Deputy Finance Minister Gabriel Yorio, in a post on X, outlined that these incentives would be applicable to ten sectors of the economy. These sectors encompass the production of batteries, engines, fertilizers, pharmaceuticals, medical instruments, and agribusiness, among others.

President Andres Manuel Lopez Obrador has expressed his belief that Mexico should capitalize on industry trends seeking to reduce dependence on China. Nevertheless, critics have argued that his administration needs to be more active in offering precise and compelling incentives to encourage investment in the country.

1. Pond Coin (PNDC)

Pond Coin (PNDC) is trading at $0.00000133 today, and its 24-hour trading volume has reached $1.07 million. In the past day, the price has surged by 5.09%, offering a glimmer of optimism, although the past week has witnessed a decline of 16.66%. Unfortunately, the current market capitalization for Pond Coin remains undisclosed, as the circulating supply of PNDC tokens has yet to be reported at the moment.

Looking at the historical performance of Pond Coin, the highest price it achieved was $0.00000297, recorded on September 2, 2023, roughly a month ago. In comparison, the present price reflects a -54.95% decrease from its all-time high.

Conversely, the lowest recorded price for Pond Coin was $0.000000819212, observed on August 18, 2023, around two months ago. Presently, the price stands at a 63.58% increase from its all-time low.

When examining its price performance against its cryptocurrency peers, Pond Coin has experienced a 16.20% decrease over the past seven days. This performance falls short of the global cryptocurrency market, which has seen a 2.80% decline. Additionally, compared to other cryptocurrencies within the Ethereum Ecosystem, Pond Coin lags, with its peers having enjoyed a 12.70% increase.

Over 8,000 unique swappers on D🤝X.

We are rapidly growing! 📈

Join the Crypto 2.0 Revolution, now.https://t.co/jiZ5iLLtYB pic.twitter.com/JRwtQHkohL

— Pond Coin (@Pond0x) October 10, 2023

Regarding market sentiment, the community is currently bullish about Pond Coin (PNDC), with over 100% of users expressing positive sentiment toward it today. This crowns all the events as PNDC remains one of the most trending cryptocurrencies.

2. THORChain (RUNE)

On October 5th, ThorChain’s (RUNE) transaction volume hit an impressive $355 million, marking a record high. However, this surge wasn’t the only noteworthy event on the network. Over the last five days, the volume on the ThorChain network surpassed an astonishing $1 billion.

The upswing in transaction volume can be attributed to the increasing number of exploits that have occurred in recent months. According to the pseudonymous Twitter user “banban,” much of this heightened volume was not legitimate. Instead, hackers were exploiting ThorSwap routers to convert stolen funds. To provide context, ThorSwap serves as the primary interface for all ThorChain transactions and operates as a multichain decentralized exchange aggregator.

Banban further revealed that an additional 114 exploiter addresses associated with the FTX and CoinEx hacks were responsible for a staggering 95.7% of the swaps on the network.

Four days before this revelation, Lookonchain reported that the entity draining the FTX wallet had transferred Ethereum worth millions of dollars through 13 different addresses.

The significant increase in ThorChain’s transaction volume can be attributed to the entity using the network to facilitate the conversion of coins into Bitcoin.

Dynamic Max Anchor Slip has been activated.

* What Is It?
* What Does It Do?
* What Happens Next?

clue: streamers

🧵 pic.twitter.com/IZXgHPqA9f

— THORChain (@THORChain) October 12, 2023

While RUNE now sells at $1.51, its 24-hour trading volume today is $117,430, with a market capitalization of $3.12 million. The recent achievement still places it up as a top trending cryptocurrency.

3. Tamadoge (TAMA)

Tamadoge (TAMA) is currently priced at $0.00809161, and its 24-hour trading volume has reached $1.39 million. In the past 24 hours, the price has increased by 1.51%, offering a glimmer of positivity, although over the past week, there was a decline of 7.06%. With a circulating supply of 1 billion TAMA tokens, Tamadoge boasts a market capitalization of $8,513,239.

In terms of daily trading activity, the trading volume for Tamadoge (TAMA) in the last 24 hours stands at $1.39 million, indicating a 5.30% increase from the previous day, signaling a recent uptick in market activity.

Looking at its historical performance, the highest price ever recorded for Tamadoge (TAMA) was $0.194446 on October 4, 2022, approximately one year ago. The current price reflects a significant 95.82% decrease from its all-time high.

Conversely, the lowest recorded price for Tamadoge (TAMA) was $0.00601458, noted on August 18, 2023, about two months ago. The price has risen by 35.25% compared to the all-time low. These factors give lots of hope that TAMA will keep being atop trending cryptocurrency.

🎃🎃🎃 https://t.co/NUCPdzcWrY

— TAMADOGE (@Tamadogecoin) October 11, 2023

The market capitalization of Tamadoge (TAMA) stands at $8.51 million, and it is ranked at the 940th position on CoinGecko today. Market capitalization is determined by multiplying the token price by the circulating supply of TAMA tokens, of which 1 billion are currently available for trading.

The community is quite bullish regarding market sentiment, with over 96% of users expressing positive sentiment toward Tamadoge (TAMA) today.

What Might Be The Next Top Trending Crypto?

The Bitcoin Minetrix (BTCMTX) presale has now raised over $1 million, drawing a swarm of investors eager to benefit from its high Annual Percentage Yield. The speed of its achievement is why it has steadily been a top trending cryptocurrency from its early days.

Big News 📢#BitcoinMinetrix has raised over $1,000,000! pic.twitter.com/LYmTgxfH51

— Bitcoinminetrix (@bitcoinminetrix) October 11, 2023

This project has ambitious plans to bring a revolution to the cloud mining sector by eliminating prevalent scams and ensuring full transparency within the industry.

As a result of the passive rewards and the potential for long-term value appreciation, investors are racing to secure their positions in this project as early as possible.

Bitcoin Minetrix employs a distinctive stake-to-mine concept, which has led many to believe that it holds the potential for significant returns, with some anticipating gains of up to 50x in this cloud-based staking and mining solution.

The presale for BTCMTX is experiencing a surge in investor interest, driven by the promise of high APY returns and the innovative stake-to-mine concept.

Bitcoin Minetrix is a pioneering project designed to facilitate Bitcoin mining through a cloud-based mining ecosystem. Its overarching goal is to tokenize and decentralize the entire cloud mining sector, making it accessible to everyday users.

Given its rapid ascent to the $1 million milestone, early supporters of the Bitcoin Minetrix project have high hopes that it will disrupt the landscape of Bitcoin mining, combining two of the most prominent themes in the crypto world: staking and mining. This unique approach offers an entry point for individuals seeking to earn Bitcoin (BTC) passively.

Visit Bitcoin Minetrix.