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The crypto market is not having the best start to the week, as it has plunged by 1.22% today. There was minimal trading in the last 24 hours due to low appetite among investors.
A few tokens, however, hold their positions as top-trending cryptocurrencies. The coming days of the week are expected to unveil new developments and create opportunities for the market to rise.
Major stock markets in the Gulf experienced declines in early trade on Monday, mirroring the downward trend in oil prices.
The catalyst for the Gulf region’s financial markets, oil prices, declined as Brent approached the $80 per barrel mark. Investors awaited the upcoming OPEC+ meeting later in the week, anticipating an agreement to limit supplies into 2024.
Last week witnessed a sharp drop in prices after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, collectively known as OPEC+, postponed a ministerial meeting to November 30. This delay aimed to resolve discrepancies in production targets for African producers.
In Saudi Arabia, the benchmark index (.TASI) decreased by 0.2%, led by a 0.3% decline in the oil giant Saudi Aramco (2222. SE) and a 0.7% drop in the auto rental firm Lumi (4262. SE).
Meanwhile, the index (.FTFADGI) witnessed a 0.3% decline in Abu Dhabi. Dubai’s primary share index (.DFMGI) also faced a 0.2% downturn, mainly influenced by a 1.4% decrease in the leading lender, Emirates NBD (ENBD.DU).
However, amidst these market movements, the United Arab Emirates plans to escalate its flagship Murban crude exports in early 2024. This initiative aligns with a new OPEC+ mandate and redirects barrels to the global market due to refinery maintenance, as data from Reuters indicate.
Top Trending Crypto Coins on DEXTools
The Qatari benchmark (.QSI) retreated by 1%, potentially extending losses for a third consecutive session. This decline was notably impacted by the performance of petrochemical maker Industries Qatar (IQCD.QA).
1. QSTAR (Q*)
The price of QSTAR (Q*) is $0.00064032 today, witnessing a remarkable surge of 114.01% in the last 24 hours. While the broader market is experiencing a downturn, Q* aims to become a top-trending coin. However, data regarding its circulating supply and market cap remains unavailable.
The highest price ever paid for QSTAR (Q*) was $0.00084130, recorded recently on Nov 27, 2023, just about 2 hours ago. The price reflects a decrease of approximately 24.73% from this peak value.
The lowest price observed for QSTAR (Q*) occurred at $0.00006774, noted on Nov 25, 2023, merely a day ago. The current price represents a significant surge of 834.79% from this historical low.
Over the last seven days, QSTAR (Q*) has shown a price increase of 0.00%, indicating an underperformance compared to the global cryptocurrency market, which has shown a 0.50% increase. Moreover, when contrasted with similar cryptocurrencies within the Ethereum Ecosystem, Q* lags, as others in this category exhibit a robust surge of 12.70%.
https://twitter.com/Qstarerc20/status/1728373980891938963?s=20
Today’s sentiment surrounding QSTAR (Q*) is overwhelmingly bullish, with more than 88% of users expressing a positive outlook for the cryptocurrency. This positive sentiment aligns with the significant surge in the token’s price and could indicate a favorable market reception and confidence among the community members towards QSTAR (Q*).
While the price performance over the last seven days might show some comparative underperformance, the recent volatility and fluctuations in price, especially considering the all-time high and low figures, suggest an eventful and dynamic period for Q* traders and investors.
2. LiquidLayer Token (LILA)
LiquidLayer (LILA) is trading at $1.51, boasting a substantial surge of 22.32% in the last 24 hours and an exceptional surge of 580.71% over the past seven days. The cryptocurrency possesses a circulating supply of 6.8 million LILA tokens, translating to a market capitalization of $9.98 million.
The highest price ever paid for LiquidLayer (LILA) stands at $1.95, noted recently on Nov 26, 2023, approximately 22 hours ago. The price registers a decline of roughly 22.60% from this record high.
The lowest price observed for LiquidLayer (LILA) hit $0.03444199 on Oct 28, 2023, around one month ago. The current price reflects a remarkable surge of 4,285.11% from this lowest point.
Over the past seven days, LiquidLayer (LILA) has showcased an impressive surge of 580.70%, surpassing the performance of the global cryptocurrency market, which has seen a 0.60% increase. Additionally, when contrasted with similar cryptocurrencies within the Ethereum Ecosystem, LILA has significantly outperformed as others in this category show a surge of 12.70%.
Today’s sentiment among the community regarding LiquidLayer (LILA) remains overwhelmingly bullish, with more than 83% of users expressing a positive outlook for the cryptocurrency. This substantial positive sentiment aligns with the remarkable surge in the token’s price, indicating strong confidence and optimism among the community members towards LiquidLayer (LILA) as a top-trending cryptocurrency.
The exceptional surge in price over the last seven days, combined with the substantial difference between the all-time high and low figures, reflects a period of significant volatility and notable growth potential for investors and traders engaged with LiquidLayer (LILA).
3. DEXTools (DEXT)
Unlike the previous assets, DexTools (DEXT) is currently trading low. It sells at $0.542161, encountering a 6.17% price decline in the last 24 hours and a 10.88% decrease in the past seven days. With a circulating supply of 89 million DEXT tokens, DexTools holds a market capitalization of $48.46 million. Despite its decline, it is one of the promising top-trending cryptocurrencies today.
The highest price ever recorded for DexTools (DEXT) is $0.940315, registered on Mar 09, 2021, over two years ago. The price reflects a decrease of approximately 42.34% from this historical high.
DexTools (DEXT) experienced its lowest price at $0.00001117 on Jun 19, 2020, over three years ago. The current price showcases a significant surge of 4,855,211.84% from this all-time low figure.
Over the past seven days, DexTools (DEXT) displayed a price decline of 10.90%, indicating an underperformance compared to the global cryptocurrency market, which has observed a 0.60% increase. Similarly, unlike similar cryptocurrencies within the Ethereum Ecosystem, DEXT has underperformed, as others in this category exhibit a robust surge of 12.70%.
Hey $DEXT Community. 👋
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— DEXTools (@DEXToolsApp) November 23, 2023
Today’s sentiment within the community regarding DexTools (DEXT) appears mixed, with more than 50% of users expressing a negative outlook for the cryptocurrency. This divergence in sentiment suggests a level of uncertainty or concern among a portion of the community regarding DexTools (DEXT).
The recent price decline and relatively subdued performance compared to peers might influence this mixed sentiment among investors, and traders engaged with DexTools (DEXT).
What Might Be The Next Top Trending Crypto?
TG.Casino, a rising star in the crypto sphere, recently garnered significant attention by securing close to $3 million in funding during its ongoing presale. This surge in funding has sparked interest among crypto enthusiasts and significant investors, positioning TG.Casino as a potential sensation in the GameFi realm.
Operating within the renowned messaging app Telegram, TG.Casino offers distinct advantages over competitors like Rollbit. It provides a KYC-free gaming environment, granting users complete anonymity to partake in casino games and earn rewards. Beyond its gaming offerings, this Telegram-based casino is compatible with staking, boasting an impressive over 200% APY for passive income generation.
Adding to its appeal, the project employs a buyback mechanism, utilizing a portion of daily profits to acquire TGC tokens from exchanges. Subsequently, 60% of these tokens contribute to staking rewards, while the remaining 40% undergoes progressive burning. New users are welcomed with a generous 150% match deposit bonus and free spins to enjoy their preferred games on the platform.
https://twitter.com/TGCasino_/status/1726605371891204340
TG.Casino continues to captivate crypto enthusiasts and traders due to its compelling use case and the growing movement of significant investors into its ecosystem. The native token, TGC, is essential for accessing the platform’s top offerings. TGC holders enjoy a 25% net cash-back on losses and exclusive benefits, amplifying their gaming experience. The platform’s staking mechanism has attracted early buyers, with nearly 18 million TGC tokens already locked in staking pools.
This Telegram-based casino has garnered substantial support from industry analysts and investors, evidenced by its explosive success during the presale. Since its launch, TG.Casino has raised over $2.6 million, surpassing the halfway mark of its $5 million hard cap. Notably, the presale experienced an exceptional $300,000 inflow in a single day, underscoring its value proposition within the crypto casino industry.
With a total supply of 100 million TGC tokens within TG.Casino’s ecosystem, 40% is allocated to the presale, while 20% each is designated for liquidity pool and staking rewards. Additionally, 16% is allocated for airdrops, and 4% is reserved for affiliate rewards.
As interest grows among crypto enthusiasts and significant investors, TG.Casino exemplifies the promising potential of GameFi in the dynamic crypto landscape. This burgeoning crypto project has just begun its upward trajectory, signaling an exciting journey ahead. Investors are advised to consider the prospects and brace themselves for a potential GameFi revolution with TG.Casino.
Visit TG.Casino.
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