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Top Trending Crypto Coins on DEXTools – Wootrade Network, Pond Coin, Injective

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Wootrade Network WOO
Wootrade Network WOO

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The global cryptocurrency market surged by 4.45%, reaching a market cap of $1.61 trillion. It is experiencing a 7.99% decrease in overall trading volume, with stablecoins dominating at 90.40% of the $65.15 billion 24-hour volume.

Bitcoin’s dominance climbed to 52.14%, marking a marginal daily increase. Bitcoin’s rise has aided the crypto market for weeks, making it easy for top-trending coins to emerge.

In other news, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), emphasized the urgent need for cryptocurrency regulation. She said this has become urgent due to potential threats to financial stability. The statement was made during her keynote at a Seoul digital currencies conference. Addressing concerns, she highlighted that high crypto asset adoption risks macro-financial resilience. It potentially impacts monetary policy, capital flow management, and tax collection due to volatility.

Top Trending Crypto Coins on DEXTools

During a panel discussion on digital currency development, Georgieva highlighted that policymakers have a choice: either actively engage and contribute to its enhancement or risk being excluded as digital currency advances, as it is an inevitable progression. She emphasized a widespread eagerness among nations to exchange knowledge, especially a keen interest in gleaning insights from emerging markets, singling out India as a notable example due to its robust digital public infrastructure.

1. Wootrade Network (WOO)

The first asset meeting our criteria of a top-trending cryptocurrency today is WOO Network’s WOO token. It is an innovative amalgamation of Centralized Finance and Decentralized Finance services designed to amplify market liquidity and operational efficiency for participants. Employing cutting-edge blockchain technology, the network provides a gateway for traders, exchanges, institutions, and DeFi platforms to access unparalleled liquidity and swift trade execution at minimal or zero costs.

Integral components like WOO X, a centralized exchange (CEX), and WOOFi, a diverse suite of DeFi solutions. And Wootrade, a high-performance liquidity pool, collectively enriches the ecosystem. The network’s native token, WOO, serves as a pivotal utility asset, facilitating diverse functions within the network and fostering engagement within the broader blockchain community.

WOO price chart

Throughout 2023, WOO showcased a varied performance. Initially breaking the $0.20 mark in January, it soared to a peak of $0.3462 by mid-April. However, subsequent events, including the SEC’s actions against major platforms like Binance and Coinbase, led to a downturn. WOO plummeted to a low of $0.1542 in June but recovered to $0.2653 by early July. By late August, its value settled around $0.1825 and continued a fluctuating trend. By November 8, 2023, WOO experienced an upswing, reaching $0.263, with approximately 1.7 billion tokens circulating out of a total supply of 2.2 billion, positioning it as the 85th-largest cryptocurrency by market capitalization at around $462 million.

Various price predictions surfaced for WOO’s future value. Bitnation suggested a potential value of $0.9204 by 2025, while DigitalCoinPrice forecasted $0.91 for the same period. was relatively conservative, projecting a value of $0.49 for Woo Network in two years. For longer-term projections, estimated a potential value of $3.27 by 2030, DigitalCoinPrice anticipated $2.69, and Bitnation’s prediction stood at $2.24 by the turn of the decade.

These forecasts present a spectrum of predictions, painting a picture of potential growth and value trajectories for WOO Network, although these projections remain speculative, subject to market dynamics and evolving trends.

2. Pond Coin (PNDC)

PondCoin (PNDC) maintains a price of $0.00000146 today, witnessing a 5.30% surge in the last 24 hours while encountering a 20.10% decline over the past week. The circulating supply data for PNDC tokens still needs to be reported, hindering an accurate market cap evaluation.

PNDC price chart

Traded on centralized and decentralized exchanges, PondCoin finds popularity on MEXC, notably through its most active trading pair, PNDC/USDT, which recorded a trading volume of $269,117 within the last 24 hours. Uniswap V3 and Uniswap V2 on Ethereum also present alternative options for PNDC trading.

Despite a 19.80% decrease over the last seven days, PondCoin’s performance falls short compared to the global cryptocurrency market’s 1.30% rise and trails behind similar Ethereum ecosystem cryptocurrencies, which have surged by 12.70%.

The community sentiment leans bullish, with over 83% of users expressing optimism about PondCoin (PNDC) today. Integrating PNDC with MetaMask allows users to monitor token holdings and engage in decentralized exchange trading. To include PNDC in MetaMask, users can import the token by copying its contract address (0x423f4e6138e475d85cf7ea071ac92097ed631eea) manually or utilize CoinGecko for a one-click addition if they have installed MetaMask’s Chrome extension.

3. Injective (INJ)

Injective has experienced an extraordinary 254% surge in market capitalization over the last two months. The INJ token set a new pinnacle early on Thursday, surpassing the $32 mark.

The soaring interest in Artificial Intelligence, driven by innovations like GPT4 and an intensified focus on AI-centric narratives, is the primary impetus propelling Injective’s remarkable price upswing.

INJ price chart

Recent data from DEXTools unveils that the current total market capitalization of the AI sector in the cryptocurrency realm stands at an impressive $8 billion. Experts anticipate a continual uptrend in the AI sector due to escalating demand and the widespread adoption of Artificial Intelligence in various enterprise applications.

Injective (INJ), an AI-centric project, has achieved a staggering 254% surge in market capitalization over the last two months, primarily fueled by significant developments within prominent Artificial Intelligence entities such as the American Artificial Intelligence Research Organization and the increasing embrace of GPT4.

INJ reached a new all-time high early on Thursday, soaring to a peak of $32.16 before slightly retracing to $31.73 at the latest update.

Santiment data highlights that the supply of the AI token on crypto exchanges has plummeted to its lowest level over the past year. Additionally, substantial net outflows of INJ tokens from these platforms suggest a significant departure of INJ tokens, further bolstering the positive outlook for Injective, as indicated by the corresponding chart trends.

As of the latest report, INJ’s price has surged by nearly 8% within 24 hours. The sustainability of this upsurge in the DeFi token remains a point of interest, awaiting further market developments.

What Might Be The Next Top Trending Crypto?

Bitcoin Minetrix (BTCMTX) is a presale project shaking up the landscape of cryptocurrency mining through its groundbreaking “stake-to-mine” concept. It is set to redefine traditional mining paradigms. This innovative approach offers investors a unique twist by enabling them to earn returns through staking, a method that not only enhances accessibility but also facilitates passive income generation.

The standout feature of Bitcoin Minetrix lies in its impressive Annual Percentage Yield (APY), boasting an astounding 314%. This enticing APY provides investors with a lucrative opportunity to accrue substantial returns on their staked tokens, particularly in today’s investment climate, where traditional options offer comparatively lower returns, such a high yield becomes increasingly appealing.

Positioning itself as a forward-thinking solution, Bitcoin Minetrix contributes significantly to the expansion and democratization of the cryptocurrency ecosystem. Its user-friendly design caters to both seasoned crypto enthusiasts and newcomers, ensuring accessibility for all. By emphasizing a high-yield, secure, and user-accessible mining option, Bitcoin Minetrix emerges as a pioneering project within the cryptocurrency mining sphere.

Visit Bitcoin Minetrix.

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