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The recent influx of funds into the crypto market pushed the prices of cryptocurrencies to their peak. However, investors are worried that the fund inflow was a bull trap intended to force liquidity into the market. While these claims appear speculative, the price consolidation that trails the bitcoin halving attests to the possibility that major cryptocurrencies are already priced in.
Nevertheless, tokens in the Solana network post widely different price actions. For example, the top trending cryptocurrencies on the Solana chain have significantly surged in the last 24 hours. This article highlights the details of their market data and shares insight into the potential of each token.
Top Trending Cryptos on Solana Chain
As the price of BTC nears its peak, the altcoin seasons are gradually unfolding. Tokens in the category are gradually witnessing marginal price increases. However, these bull markets will be different from the previous ones. Presale cryptocurrencies in the market will influence the trend in the coming months. Thus, this article explores the presale offering of the 5th Scape project, which is out to redefine how humans interface with the digital world. The 5th Scape project aims to create one of the largest networks of Virtual Reality devices known to humans. We’ll share the details later.
1. Solcex (SOLCEX)
SolCex stands out as the pioneer centralized exchange on the Solana blockchain, offering a secure and user-friendly platform for trading digital assets. Its emphasis on user experience and security makes it an attractive option for new and experienced traders. With a diverse selection of cryptocurrencies for trading, including popular assets like Bitcoin and Ethereum, SolCex enables users to diversify their portfolios and seize market opportunities.
Additionally, its focus on education ensures that users have access to the resources they need to make informed trading decisions. The token’s community is bullish following the recent partnership with Kenzo Labs, which shows the platform’s effort to become the main centralized exchange for Solana.
We are happy to announce partnership with @kenzo_Labs 🔥#SolCex is aiming to be the main centralized exchange for @solana $SOLCEX https://t.co/CGSNqjK0Xx
— SolCex (@SolCex_Exchange) April 23, 2024
Recent data indicates positive momentum for SolCex, with the live price of $0.003034, reflecting a notable increase of 35.20% in the last 24 hours. The surge in trading volume, coupled with robust liquidity ($121.55K) and market capitalization ($3.03M), underscores the growing demand for SolCex tokens. As one of the trending tokens on the Solana blockchain, SolCex is positioned to continue its growth and become a prominent player in the cryptocurrency market.
2. Samoyedcoin (SAMO)
Samoyedcoin ($SAMO) has emerged as a standout memecoin within the Solana ecosystem. It draws inspiration from the lovable Samoyed dog breed and honors prominent figures like Sam Bankman-Fried, CEO of FTX. Currently priced at $0.008248, with a 24-hour trading volume of $7.16 million, Samoyedcoin boasts a market cap of $30.17 million and a market dominance of 0.00%.
Over the past 24 hours, the SAMO price surged by 28.90%. Its highest price of $0.236987 was recorded on Oct 28, 2021, and its lowest price, $0.001111, was seen on Apr 29, 2021. This significant price increase of 109% in the last year highlights its strong performance compared to other top 100 crypto assets.
The time has come to announce the champions on @SuperteamEarn for the $SAMO Intern contest! 👑🚀
We've select our top 5 winners, all of which did a stellar job of detailing what would make them a great 🐶 intern!
Please give it up for our winners! 🏆🧵 https://t.co/SOEwsM5UbA
— Samoyedcoin (SAMO) (@samoyedcoin) April 18, 2024
Furthermore, SAMO’s highest peak was $0.236987 on Oct 28, 2021; its lowest was $0.001111 on Apr 29, 2021. Over the last year, SAMO has seen a remarkable 109% increase, outperforming 53% of the top 100 crypto assets. With consistent growth averaging 705.57% annually over four years, SAMO demonstrates strong potential.
With trading activity on 15 exchanges, including Kraken and OKX, Samoyedcoin exhibits high liquidity, with a trading volume of $7.14 million in the last 24 hours. Moreover, the remarkable statistics establish Samoyedcoin as a promising investment choice within the Solana network. It captures the interest of experienced traders and newcomers venturing into the crypto domain.
3. Cat in a Dog World (MEW)
Mew, the feline protagonist in a world dominated by canines, is on a mission to save the crypto world from other dog coins. Priced at $0.006657, Mew boasts a 24-hour trading volume of $246.28 million and a market cap of $591.69 million, with a market dominance of 0.02%.
Over the past day, Mew has surged by 33.01%, indicating significant investor interest. Its highest recorded price was $0.009878 on Mar 31, 2024, while its lowest was $0.000966 on Mar 27, 2024.
Meanwhile, Mew holds the #9 position in the Meme Coins sector and #3 in the Solana Coins & Tokens sector. This indicates its strong market presence. Traded on 19 exchanges, including KuCoin and Bybit, Mew saw $246.43 million worth of exchanges in the last 24 hours, showcasing its robust liquidity.
👀👀
🐈📍🐕🌎✨ https://t.co/43xityofSl
— MEW (@MewsWorld) April 23, 2024
The data highlights Mew’s distinct standing in the crypto market, indicating its potential as an attractive investment. With active trading and widespread availability on exchanges, Mew presents an enticing opportunity for portfolio diversification and capitalization on market trends.
What Might Be The Next Top Trending Crypto
5th Scape is one of the upcoming crypto projects to watch. It combines a range of emerging tech to create the future of entertainment. It’s a blockchain-based project working towards creating a global VR network. The initiative provides access to unparalleled entertainment and gaming experiences that are accessible from anywhere in the world.
Besides focusing on entertainment and VR networks, the 5th Scape project aims to give users access to decentralized VR hardware. At the same time, this is a part of the 5th Scape long-term plans, it aims to reduce the control of giant tech companies over the industry. Moreover, the fear of spying and privacy has prevented the widespread adoption of VR technology. With the 5th Scape in the industry, the industry may see a new wave of experience democratization.
5th Scape currently offers the 5SCAPE token on presale. The token serves as the native cryptocurrency of the project, providing access to all its features and benefits. With the presale offering, investors can own the token before the project debuts.
Currently, the 5SCAPE token is offered at a discounted price of $0.00376 at the time of writing. According to the presale page, 5SCAPE will be listed at 0.01, which provides instant 205% returns to investors who get in early. Sadly, the price won’t remain discounted for long. Thus, urgency is essential in this case. Further details of the project and its crypto presale offering are available on its website.
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