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DWF Labs is preparing to launch its synthetic stablecoin product, which is expected to arrive between late 2024 and early 2025. The upcoming stablecoin will offer investors appealing annual percentage yields (APYs), varying based on the specific asset type.
Meanwhile, Render (RNDR) and Algorand (ALGO) have shown signs of reversing previous downtrends, indicating a potential bullish shift. RNDR, in particular, has seen an upward trend after breaking a significant downtrend line. Its price, now at $6.11, has experienced a notable rise, reflecting increased bullish sentiment among traders.
In other developments, SUI, the native token of the Sui blockchain platform, has achieved a significant milestone by reaching over $900 million in total value locked (TVL). According to the Altcoin Buzz podcast, SUI has surged by 60% in the last month, pushing its price above $1.60. As such, tokens across several blockchains are witnessing price rallies. This article focuses on the top trending cryptos on Solana Chain today.
Top Trending Cryptos on Solana Chain Today
Nitno is a blockchain tech company dedicated to enhancing the Solana ecosystem. Dogs of Elon (DOE), a community-led project, has demonstrated perseverance despite facing two rug-pull incidents. PopDog is a meme token on the Solana network, built around a community-driven storyline that promotes dogs as being better than cats.
Mega Dice is preparing for a notable market debut with its $DICE token launch in five days, following a presale that secured $1.8 million. Meanwhile, Harris has committed to promoting innovation in digital assets during a fundraiser in New York City.
1. Nitno (NTN)
Nitno is a blockchain technology company focused on strengthening the Solana ecosystem. It provides various API endpoints, modules, and software kits. These tools streamline development for teams and individual developers. Nitno’s offerings allow the creation of high-performance solutions, making it easier for developers to build efficient software on Solana.
Nitno stands out through its use of comprehensive blockchain code models. This strategy supports development across Telegram, Discord, and Twitter bots. Nitno simplifies development for various applications by offering a unified API. This flexibility appeals to both developers and investors.
🔵 Nitno on #Solana
The Nitno token is an ecosystem/utility token designed for use within the #Nitno ecosystem. Created for a specific purpose, Nitno serves as a currency usable across all Nitno-based/supporting products and is exclusively available on the #Solana blockchain. The… pic.twitter.com/gvulJ15oMN— nitno (@nitnodotorg) September 23, 2024
At press time, Nitno’s live price is $0.000405. It has a market cap of $149.49K and a 24-hour trading volume of $672.08K. Notably, its volume saw a 3,222% increase over the last day. The circulating supply is 364.30M NTN, with a maximum supply of 470.00M.
Nitno has 479 holders, and its liquidity is valued at $31.1K, covering 99% of the market cap. With a volatility rate of 21.53%, Nitno holds 107.12 SOL and 38.14M NTN in its pool. This represents 8.11% of the total supply. The platform has recorded 5,601 transactions, with a balanced split between buys and sells.
2. Dogs of Elon (DOE)
Dogs of Elon (DOE) is a community-driven initiative that has shown resilience after enduring two rug-pull incidents. In response to these challenges, the project shifted towards a decentralized model, placing full control in the hands of its community. Without centralized leadership, DOE focuses on growth and setting clear milestones.
The project’s progress depends heavily on active participation from its community members, who are encouraged to contribute to its development. Notable achievements include a verified NFT collection on OpenSea and the anticipated release of a Web3 game, which aim to increase the project’s potential. For regular updates, joining the DOE Telegram channel is recommended.
Beyond community efforts, DOE has also expanded onto the Solana blockchain. The token was initially launched on Pump.fun, where it quickly reached its bonding curve. A subsequent burn of 65% of the total supply followed, and the token is now listed on Raydium. This development reflects the project’s continuous evolution and the strong support from its members.
As of now, the price of the Dogs of Elon token is $0.00964, with a market capitalization of $3.51 million. The 24-hour trading volume is $3.47 million, reflecting an 87.83% increase in daily trading. The current circulating supply is 350 million DOE tokens out of a maximum of 350.24 million.
1/ The journey of DOE began in 2021 on the ETH chain with a massive campaign, involving countless influencers, CoinMarketCap promotions, and more. It had all the makings of a major project and hit 250 Mil MC. But things took a turn…
— Dogs of Elon (@dogsofelon) September 19, 2024
Historically, the token peaked at $0.707044 on November 9, 2021, while its lowest price was recorded at $0.00004046 on January 25, 2023. Short-term predictions suggest the price will likely remain stable at $0.000176 tomorrow, with potential growth of up to 39.55% over the coming week. The following week, the price could increase by another 15.91%, between $0.000246 and $0.000285.
3. PopDog (POPDOG)
PopDog is a meme token on the Solana network, designed with a community-driven narrative that positions dogs as superior to cats. The project stands out by aiming to compete with the abundance of cat-themed tokens on the Solana blockchain. Completely managed by its community, PopDog is focused on building a fun, meme-centric environment.
PopDog’s price is $0.00732, and its market capitalization is $7.27 million. Its 24-hour trading volume has increased by 190.94% and currently stands at $1.97 million. The token has a circulating supply of 993.70 million, representing its maximum supply.
Liquidity is $321.1K, while the pooled Solana (SOL) is around 1.08K. 22.12 million POPDOG are pooled, making up about 2.22% of the total supply. PopDog has a growing base of holders, currently numbering 8.95K.
POPDOG top 10 @dexscreener 👀
Only project on first page that’s been around months not days.
9 months to be exact 💪🐶 pic.twitter.com/uHjRWKB4Yh
— $POPDOG (@POPDOGsolcoin) September 24, 2024
PopDog’s price volatility is notable, currently measured at 6.16. The token has experienced 17 green days out of the last 30, with price volatility of 28.04%. Predictions suggest that the price could rise by 227.79% over the next year, reaching $0.02545 by October 2024. Short-term projections estimate no change tomorrow, while the price might rise by 39.51% to $0.010832 by the end of this week.
The token is expected to trade between $0.010832 and $0.012553 for the following week, with a potential 15.89% increase. Current market sentiment is bullish, and the Fear & Greed Index shows a neutral reading of 54, indicating cautious optimism.
What Might Be The Next Top Trending Crypto?
Mega Dice is poised for a significant market entry with the upcoming launch of its $DICE token in just five days, following a presale that raised $1.8 million. Positioned within the GambleFi space, Mega Dice has established a solid footing in the crypto casino market, attracting considerable attention before its exchange debut.
The platform currently boasts 10,000 active users who collectively wager $50 million. Its expansive range of games and sportsbook events ensures a wide variety of options for its user base, making it an attractive hub for online gamblers. With the introduction of the $DICE token, users can access additional benefits, such as exclusive rewards, giveaways, and in-game bonuses.
Mega Dice plans to introduce futures trading with up to 1,000x leverage to attract more users. Given the risk tolerance of many online gambling enthusiasts, this feature could resonate well with its user base. This could differentiate Mega Dice from other platforms and enhance its appeal to a broader audience.
6 days until we launch $DICE on Raydium! The final countdown is ON.
Are you ready for takeoff? 🚀 #CryptoPresale #DEXLaunch
https://t.co/OAOjOqjZec pic.twitter.com/H1s5UaK1o5
— Mega Dice Casino (@megadice) September 24, 2024
As $DICE prepares for its exchange listing in five days, there is speculation that the token could see a significant price increase, with some analysts predicting a potential 100x rise in value. However, this will depend on market demand once trading begins. At the initial offering price of $0.116056, investors may find this an attractive entry point, but market forces will ultimately shape its trajectory.
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