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The market is relatively calm today as investors are turning to altcoins for potential opportunities. Despite the XRP-led crypto pump in the last 24 hours, ETH remains unmoved in its consolidatory trend. BTC, however, made a quick recovery from the $54k dump back to $57.
On the other hand, Avalanche maintains its status as one of the fastest smart chains, but the price of the AVAX token fails to reflect its utility. Nonetheless, tokens within the network are making up for the underperformance of AVAX, and this post provides an analysis of the top trending cryptocurrencies within the network.
Top Trending Cryptocurrency On Avalanche
Furthermore, crypto opportunities abound in the crypto presale category. This post also includes an overview of the Mega Dice presale. It offers investors insight into the project’s potential and how to participate in the token presale.
1. Landwolf (WOLF)
Landwolf is one of the top trending crypto tokens on the Avalanche chain today. The project adopts the popular character, which also goes by the name Landwolf.
There are speculations in the crypto community that Landwolf is the Avalanche network’s mascot. However, there is no proof to substantiate the claims. Generally, Landwolf is one of the fastest-growing crypto tokens in the memecoin category, contending with assets like BRETT, COQINU, and PEPE, among others.
The crypto market saw substantial price improvement today, and the price of Landwolf also increased significantly in the last 24 hours. Besides being one of the most trending crypto coins on Avalanche, WOLF is equally among the top gainers with over 25% increase in price.
So tall so handsome and so skilled. These #Olympic2024 games are an easy target for a top alpha predator like $WOLF. #Basketball too easy, time to move to another sport$AVAX #LANDWOLF pic.twitter.com/KV4Z2RyQJY
— LANDWOLF 🔺 (@LANDWOLFONAVAX) August 5, 2024
It boasts a volume increase of about 10% and a market cap of over $4 million. According to Snowscan data, WOLF has over 11,592 holders as of the time of writing. Similarly, its circulating supply is reportedly pegged at 690 billion tokens.
While the considerably large supply may affect the potential of the token in the long run, its growing investor count gives it the support it needs to expand substantially over time.
In the meantime, WOLF is recording progressive growth as the prices of crypto tokens improve.
2. BENQI (QI)
BENQI is one of Avalanche’s most popular utility-based projects. It provides a non-custodial liquidity market and liquid stacking protocol to DeFi users worldwide. The project taps into Avalanche’s high-speed Smart contract network. The platform mainly offers lending, borrowing, and other key DeFi functions.
Today, BENQI is among the top trending cryptocurrencies on the Avalanche chain as it makes its way back from a long downtrend. The token posted over 50% giants today, bringing it back to its price earlier in the month.
If QI maintains its current uptrend, there are chances it’ll reclaim the $0.12 level, perhaps heading for the month’s high. At the moment, QI battles the resistance at $0.12, implying that investors should observe the token’s performance before making key decisions.
Do more with BENQI partner @MonroeProtocol!@JMY0x recently discussed Monroe's formation and move to @avax.🎙️ https://t.co/YK8FsShrFy pic.twitter.com/hDeJb1qBcw
— BENQI🔺 (@BenqiFinance) August 6, 2024
On the other hand, the market data of QI suggests that the project has the potential to attract participation from investors. DEXTools info shows that QI has a market cap of about $57.68. Similarly, its trading volume increased by 48% today, giving it a total volume of $2.8 million.
Furthermore, data gathered from the project’s website shows that users have borrowed over $91 million from the platform, and it boasts over $249 million in total supply. The liquidity on the platform gives investors a level of confidence in the project’s sustainability. Investors looking towards the DeFi sector should keep the QI token on their watchlist, particularly as it makes its way towards price recovery.
3. COQINU (COQ)
COQINU has achieved impressive gains in recent times. The price of COQ recently pumped by nearly 100%, putting the popular meme coin crypto on investors’ watchlist.
Today, COQ ranks as one of the most trending crypto tokens on the Avalanche chain after it posted gains of over 30%. The token price increase apparently capitalises on the recent BTC pump, which is evident in its chart. The token has broken through its immediate resistance, which gives it a more bullish set-up. Hence, the days ahead might see COQ pushing for further upside.
Additionally, DEXTools data shows that the market cap of COQ has crossed the $94 million mark, positioning it as one of the meme coin cryptos to watch. It boasts over $50 million trading volume at press time, and the liquidity rating on DEXTool also sits above $$2 million.
COQ market data further suggests that the token has a chance to push the boundaries to the upside. Apparently, investors looking at the memecoin sector would identify the token’s potential and seek to participate. Nevertheless, the uncertainties in the market may affect the price trends. With that, it’s best to keep COQ on a watchlist pending the time the current price narrative is fully developed.
What Might Be The Next Top Trending Crypto
Mega Dice retains its investors’ appeal as the project promises investors a chance to have exceptional casino experience within the blockchain environment. Interestingly, it’s keeping up its promises.
Generally, Mega Dice is an established brand in the crypto casino space with several years of wagering services under their belt. Many reviewers have ranked the platform as one of the fastest-growing in the space.
It boasts thousands of users from different countries and millions in monthly revenue. With such competence and experience behind the Mega Dice project, it’s easy to see the potential to deliver on its promises to investors.
Moreover, the project has already started keeping its promises to investors. Recently, the staking plan was introduced, allowing token holders a chance to earn returns on their assets. With that, holders may not have to wait until the DICE token is fully launched before reaping the benefits of the opportunity.
Another added value that Mega Dice promises its holders is the opportunity to participate in the $2.5 million airdrop offer. The opportunity to participate is open to all investors. However, early investors will likely earn priority spots on the list.
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How To Enter:
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2. Place real money… pic.twitter.com/CD4XggBKTG— Mega Dice Casino (@megadice) July 26, 2024
The project launched its presale program a few weeks back, and the opportunity to purchase DICE at a discount is still available. Investors who intend to participate only have 10 days to take advantage of the current discount stage.
At the end of the grace period, prices are bound to increase. The details of the DICE token’s presale offering and a highlight of how investors can participate are available on the project’s website.
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