Top Trending Crypto Coins on DEXTools - Wrapped Ether, Quadrant Protocol, Nakamoto.Games

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Today, DEXTools features show outstanding crypto assets generating momentum across various cryptocurrency exchanges. These tokens capture the attention of the global crypto community not only because they feature on DEXTools. They also do so because they have unique and compelling attributes.

We delve into an analysis of the top trending coins, presenting valuable insights to assist our readers in making more informed decisions within the market. We also follow up on our previous reports.

The global stock market is on its longest losing streak in two years. This downturn was further exacerbated by the anticipation of oil prices surging to $100 per barrel, heightening concerns surrounding persistently high global interest rates.

There was a brief pause in the US Dollar strength in the money markets. Wednesday’s decline in US crude oil inventories caused concerns about another possible supply-side shock. This development is coming exactly when the global economy can least afford it.

Most Trending Crypto Today – Top List

US crude oil prices rose to $95 per barrel, a level not seen since August 2022, while Brent crude prices were edging higher in early London trading, following their recent climb to a one-year high of $97.69.

These macroeconomic developments have huge impacts on the crypto market. They determine investors’ confidence and which assets become the most trending cryptocurrencies.

1. Wrapped Ether (WETH)

Wrapped Ether (WETH) is a tokenized version of the cryptocurrency Ethereum (ETH). Wrapped tokens are digital assets that mirror the value of the original cryptocurrency and can be changed back to the initial coin at any time. Almost all leading blockchain networks have their equivalent of wrapped tokens. These tokens operate on a mechanism similar to stablecoins, where dollar-pegged stablecoins can be redeemed for fiat currency.

The primary issue addressed by wrapped tokens is the limited interoperability between different blockchain networks. Native coins from one blockchain cannot be directly used on another blockchain. For instance, you cannot use Bitcoin on the Ethereum network, and Ethereum’s native Ether cannot be utilized on the Bitcoin or Avalanche blockchains. Wrapped tokens resolve this problem by tokenizing the original cryptocurrency and adhering to the token standard of the specific blockchain.

On Ethereum, most fungible tokens adhere to the ERC-20 standard, established in 2015. This standardization introduced a consistent set of rules for tokens on the Ethereum network, simplifying the launch of new tokens and making them comparable. Core functions that all ERC-20 tokens must adhere to include totalSupply, balanceOf, transfer, transferFrom, approve, and allowance. However, Ether itself does not comply with the ERC-20 standard. Wrapped Ethereum, or WETH, was developed to enhance interoperability between blockchains and enable the use of Ether in decentralized applications (dApps).

Wrapped tokens, including WETH and WBTC, enable tokens to exist on multiple blockchain networks. For example, an investor who wants to hold Ether but use it on the Avalanche blockchain would utilize Wrapped Ethereum, maintaining price exposure to ETH without relying on the Ethereum network.

This practice enhances blockchain networks’ liquidity and capital efficiency, as assets can be wrapped and deployed across various chains. Bitcoin is especially popular for this purpose, as it is considered a “safe haven” asset in the cryptocurrency world. Investors can retain their Bitcoin while utilizing it for yield farming or other DeFi activities through wrapping. Additionally, wrapping tokens can lead to reduced transaction times and lower fees, particularly in the case of Ethereum, which faces high gas fees. Wrapping Ethereum on another blockchain allows for lower-cost trading.

2. Nakamoto.Games (NAKA)

Nakamoto Games (NAKA) has seen a price increase today, currently at $0.584718. Over the past 24 hours, it has experienced a 4.42% price increase, although it has declined by -0.24% in the past 7 days. Nakamoto Games has a circulating supply of 65 million NAKA tokens, resulting in a market capitalization of $38,101,837.

If you’re interested in purchasing Nakamoto Games, you can do so on centralized cryptocurrency exchanges. BingX is among the most popular crypto exchanges where NAKA is traded, with the NAKA/USDT trading pair showing a trading volume of $88,382.46 in the last 24 hours. Other options for selling NAKA include MEXC and KuCoin.

Nakamoto Games (NAKA) has seen a recent increase in daily trading volume, with a trading volume of $4,861,239 over the past 24 hours, marking a 2.80% rise from the previous day.

The all-time high for Nakamoto Games (NAKA) occurred on October 30, 2021, when it reached $6.71. The current price is 91.26% lower than this all-time high. On the other hand, the all-time low for NAKA was recorded on September 28, 2022, at $0.050412, and the current price stands at 1,062.55% higher than this all-time low.

Nakamoto Games (NAKA) currently holds a market capitalization of $38,101,837 and is ranked at #450 on CoinGecko. Market capitalization is calculated by multiplying the token’s price by its circulating supply, which in the case of NAKA is 65 million tokens available for trading.

📢 Nakamoto Games: Pioneering Growth and Innovation 📢

Our commitment to expanding the $NAKA Ecosystem has never been clearer. This week, we made significant strides by integrating our whole state-of-the-art ecosystem with @telegram, providing unparalleled access to a user base… pic.twitter.com/ZZkpXOqs1H

— Nakamoto.Games (@NakamotoGames) September 28, 2023

The fully diluted valuation (FDV) of Nakamoto Games (NAKA) is $105,538,308, representing the maximum potential market cap if all 180 million NAKA tokens were in circulation. However, it may take several years for this fully diluted valuation to be realized, depending on the token’s emission schedule.

The market sentiment surrounding Nakamoto Games today is predominantly bullish, with over 95% of users expressing positive opinions about NAKA.

3. Quadrant Protocol (eQUAD)

The price of Quadrant Protocol (EQUAD) has also increased today. It sells at $0.00955379 at the time of this report. Over the past 24 hours, it saw a modest price increase of 0.40%, although it has declined by 4.67% in the past 7 days. Quadrant Protocol supplies 540 million EQUAD tokens, resulting in a market capitalization of $5,188,492.

For those interested in buying EQUAD tokens, they are available on various exchanges. Uniswap V2 (Ethereum) is one of the most popular exchanges for buying and trading EQUAD, with the EQUAD/WETH trading pair showing a trading volume of $20,586.58 in the last 24 hours. Other notable options include OpenOcean and ProBit Global.

Regarding daily trading volume, the Quadrant Protocol has experienced a significant increase, with a trading volume of $21,340.54 over the past 24 hours. This represents a substantial rise of 2,109.10% compared to the previous day, indicating recent heightened market activity.

The all-time high for the EQUAD token was seen on December 28, 2022, when it reached a price of $0.059844. Currently, the price is 84.03% lower than this all-time high. On the other hand, the all-time low for EQUAD was recorded on November 26, 2019, at $0.00014214. The current price is significantly higher, marking a 6,621.60% increase from the all-time low.

Quadrant Protocol (EQUAD) holds a market capitalization of $5,188,492 and is currently ranked #1128 on CoinGecko. Market capitalization is calculated by multiplying the token’s price by its circulating supply, which in the case of EQUAD is 540 million tokens available for trading.

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— Quadrant (@exploreQuadrant) September 21, 2023

The fully diluted valuation (FDV) of Quadrant Protocol (EQUAD) is $9,552,016, representing the maximum potential market cap if all 1 billion EQUAD tokens were in circulation. However, it may take several years for this fully diluted valuation to be realized, depending on the token’s emission schedule.

In terms of price performance compared to its peers, Quadrant Protocol (EQUAD) has experienced a decline of -4.70% in the last 7 days. This performance places it behind the global cryptocurrency market, which has seen a 0.10% increase and is also underperforming compared to similar Polygon Ecosystem cryptocurrencies, which have remained relatively stable with a 0.00% change.

The market sentiment surrounding Quadrant Protocol today is predominantly bullish, with over 100% of users expressing positive opinions about EQUAD.

What Might Be The Next Top Trending Crypto?

Launchpad XYZ (LPX) has garnered continuous attention in recent months, positioning itself as a leading contender to become the quintessential Web 3 dashboard of the future. Its features have been compelling, catering to a wide spectrum of traders, from novices to seasoned experts, as they navigate the dynamic crypto market.

One of the standout features offered by Launchpad XYZ is its provision of high-quality data about utility tokens. This encompasses a comprehensive set of metrics surrounding liquidity, analyst insights, personalized indicators, and potential arbitrage opportunities. This wealth of information empowers traders to make well-informed decisions.

Moreover, Launchpad XYZ introduces innovative revenue-sharing models, fractionalizing tangible assets, and self-custody, effectively equipping traders with all the essential tools they require. The platform consolidates disparate applications into an intuitive interface, streamlining the trading process for maximum efficiency.

A noteworthy highlight is the platform’s real-time updates on prospective Web3 investments. This invaluable feature enables investors to stay at the forefront of the industry, discovering emerging projects and concepts before they gain widespread recognition. Additionally, a select group of private investors can receive exclusive alerts from the platform regarding cryptocurrency presales.

Morning Fact!

Did you know? Over $1.8 million has been raised in the $LPX presale! 🚀🔥#LaunchpadXYZ #Presale #Web3

— Launchpad.xyz (@launchpadlpx) September 28, 2023

Furthermore, LPX token holders gain exclusive access to promising NFT releases identified by Launchpad XYZ, with the potential to replicate the success of highly profitable projects such as the Bored Ape Yacht Club (BAYC). Notably, early supporters of BAYC NFTs acquired them for under $200 and later sold them for millions, exemplifying the substantial profit potential within the NFT market.

In addition to these initiatives, Launchpad XYZ is diligently working on establishing a decentralized exchange capable of facilitating basic trades and specific perpetual contracts. This development will enable traders to engage in leverage trading and short sales, expanding their trading horizons. LPX token holders are set to enjoy the added benefit of reduced trading fees on the Launchpad XYZ exchange, further enhancing the utility and intrinsic value of LPX tokens.

The LPX project has experienced remarkable success thus far. For those interested in participating, prompt action is advisable. The LPX token is currently priced at $0.0445 per token, with the listing price at $0.0565.

Visit Launchpad XYZ.