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Despite the rising price of BTC, the funding rate apparently remains negative. This situation suggests that traders are becoming more incentivized to open long positions rather than shorts. The push into the $67k region has triggered hundreds of millions in liquidation, and there is a possibility of further short squeeze ahead.
Likewise, the news of an impending ETH ETF is acting as a catalyst in the altcoins market. However, there’s an apparent stall in the recent pump, resulting in momentary price consolidation across the market. Nevertheless, the top trending cryptocurrencies on DEXTools see increasing buying activities, which gives them an overall upward price momentum.
Top Trending Crypto Coins on DEXTools
From the presale circle, upcoming cryptocurrencies are also among the top trending assets to watch this season. The presale offering of 99BTC headlined the market recently as the project raised $2.5 million towards its Learn-to-Earn initiative. Today’s article sheds some light on the project’s progress and offers insight into what investors should expect.
1. World Record Banana (BANANA)
The World Record Banana (BANANA), a meme coin based on the Solana blockchain, is making waves in cryptocurrency. Representing a community-driven effort to make this banana the world’s most famous banana, BANANA has captured the attention of traders and investors alike.
Today, the price of BANANA is $0.00002197, reflecting a remarkable 10.89% increase in the last 24 hours. Over the past week, its performance has been spectacular, with the price soaring by 468.97%. Consequently, this incredible rise has positioned BANANA as one of the top-performing tokens on DEXTools today.
Compared to the broader cryptocurrency market, which is up by 8.50% this week, BANANA’s growth stands out. Moreover, it is also outperforming similar Solana-based cryptocurrencies, which have seen a 16.20% increase over the same period. This significant price jump highlights the strong bullish sentiment within the community towards World Record Banana.
BANANA tokens are actively traded on decentralized exchanges. The most popular exchange for buying and trading BANANA is Raydium. The BANANA/SOL trading pair has recorded a trading volume of $578,513 in the last 24 hours. This marks a staggering 2,120.00% increase in trading volume from the previous day, signaling a surge in market activity and interest.
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— World Record Banana (@TheViralBanana) July 20, 2024
Furthermore, the community’s enthusiasm for World Record Banana is evident. As traders flock to Raydium, BANANA has cemented its place atop the trending coins on DEXTools today. The token’s price performance and increased trading volume highlight its growing popularity and potential in crypto.
2. ELF Wallet (ELF)
ELF Wallet is a sophisticated digital wallet that supports the aelf blockchain ecosystem. Users must interact with aelf’s decentralized finance (DeFi) features and services. This wallet is not just for storing cryptocurrencies but also acts as a gateway to various DeFi applications and tools within the aelf ecosystem.
One of the key features of ELF Wallet is its multi-signature functionality. This enhances security for transactions and treasury management. The multi-signature feature is particularly useful for organizations and groups.
Furthermore, ELF Wallet serves as a multifaceted tool within the cryptocurrency ecosystem. It enhances the user experience in decentralized finance (DeFi) and beyond. Its primary function is to create wallet addresses and encrypted private keys. These are necessary for sending and receiving Ethereum and its related tokens.
Meanwhile, the live price of ELF Wallet is $0.000831, with a 24-hour trading volume of $208,384. The price is updated in real-time. Unfortunately, ELF Wallet is down 170.61% in the last 24 hours. Despite this, it remains a trending coin on DEXTools. The circulating supply is also unavailable, with a maximum supply of 2,000,000,000 ELF coins.
In conclusion, ELF Wallet is a crucial tool for users within the aelf blockchain ecosystem. Despite its recent price drop, ELF Wallet continues to be a significant player in the DeFi space, offering users a comprehensive and secure digital wallet solution.
3. Sentre (SNTR)
Sentre Protocol has emerged as a comprehensive decentralized finance (DeFi) platform and decentralized application (dApp) store. Leveraging the capabilities of the Solana blockchain, this protocol facilitates a wide array of financial activities, including swapping, staking, borrowing, lending, investing, and earning with cryptocurrency. Moreover, it offers users a seamless experience in accessing and utilizing various decentralized applications, all within a single ecosystem.
Today, the price of Sentre (SNTR) is $0.00369. This represents a staggering 138.33% price increase in the last 24 hours. Over the past week, SNTR’s performance has been even more impressive, with a price increase of 224.73%. With a circulating supply of 170 million SNTR, Sentre is valued at a market cap of $643,617.
This dramatic price increase of 225.30% in the last seven days places Sentre (SNTR) among the top-performing tokens. It is outperforming the global cryptocurrency market, up 8.60% this week. Additionally, it is outperforming similar Solana ecosystem cryptocurrencies, which have seen a 16.20% increase over the same period. Hence, this notable price jump highlights the strong bullish sentiment towards Sentre.
Furthermore, the trading volume of Sentre (SNTR) is $139,324 in the last 24 hours. This represents a 2,640.40% increase from one day ago, signaling a recent rise in market activity. As a result, the token’s price performance and increased trading volume underscore its growing popularity.
As traders flock to decentralized exchanges, Sentre (SNTR) has cemented its place atop the trending tokens on DEXTools today. In summary, Sentre Protocol (SNTR) is not just another DeFi token but a rising star in the cryptocurrency market.
What Might Be The Next Top Trending Crypto
In recent times, investors have become more savvy about their choices of crypto assets. While there are a significant number of degen investors in the market, projects with proven utility have received more attention from investors. These projects have shown themselves to be a better store of value than assets in other sectors of the crypto market.
The 99Bitcoin project is one of the latest projects with a unique value proposition. It offers to disrupt the established learning system and give the crypto market a way to earn financial benefits while learning about the market and industry.
99Bitcoins has been in the education space for several years and has established a reputation as a trusted learning platform. It supports millions of subscribers across its email list and hundreds of thousands on its user base.
The platform’s arrival in the crypto space affords investors an opportunity to learn about the market and better position themselves to benefit from market trends. It offers training programs and trading signals to investors, particularly holders of the 99BTC tokens.
Cboe Global Markets has filed a request with the SEC to list ETFs tied to #Solana.
The SEC has 240 days to approve or deny the application from VanEck and 21Shares. If approved, these would be the first ETFs linked to Solana, the fifth largest #Cryptocurrency.#99Bitcoins #SOL pic.twitter.com/XVJKr7G26k
— 99Bitcoins (@99BitcoinsHQ) July 21, 2024
The token is currently available on presale at $0.00114, and the opportunity to grab the discounted value is open for 24 hours. Early investors get the chance to buy at a much lower price and gain substantial ROI as the project goes live.
Also, the community is regularly updated on market news, making it one of the best platforms for helping investors adjust the market trend before it impacts asset prices. Further details about the 99BTC project, its benefits, and other essential information are available on the project’s website.
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