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Banks in Asia, North America, and Europe are gearing up to conduct live trials using SWIFT for digital asset and currency transfers. This development marks a significant step toward the broader acceptance of digital assets and currencies in mainstream finance.
Meanwhile, TRON is seeing a sharp increase in transactions and on-chain activity, positioning itself as a prominent blockchain network. It currently handles over 8.1 million transactions per day, outpacing both Bitcoin and Ethereum in daily transaction volume. Meanwhile, tokens across other blockchains are posting price increases. This article focuses on the top trending cryptos on Solana Chain today.
Top Trending Cryptos on Solana Chain Today
FINE is currently trading at $0.190, giving it a market capitalization of $19.90 million. Pochita’s Father (WOOLY) is valued at $0.0104, with a market cap of $114.62K and a 24-hour trading volume of $2.72 million. The recent price action of Moodeng’s Friend (PongPang) reflects a dynamic yet cautious market sentiment.
Meanwhile, Pepe Unchained (PEPU) has gained significant traction in the crypto space, particularly due to its presale, which successfully raised $17.3 million. Additionally, Bitwise has filed with the SEC to introduce an XRP ETF.
1. This is Fine (FINE)
FINE trades at $0.190, with a market capitalization of $19.90 million. Over the past 24 hours, trading volume has surged to $3.01 million, reflecting a significant 54,338.49% increase. The circulating supply of FINE remains at 100 million coins, which is the total maximum supply.
When analyzing the 15-minute candlestick chart for the FINE/USD trading pair on the RAY exchange, the price behavior reveals a few distinct patterns. Initially, the session opened at $0.1957, with a notable upward movement pushing the price to a high of $0.2053. This price increase was followed by a slight pullback, dropping to a low of $0.1867. However, the current price now stands at $0.2019, showing a 3.16% gain. After this initial surge, the price has generally held above the $0.2000 mark, indicating a phase of consolidation.
The volume during the price spike also increased, reaching 108.156K units, which likely contributed to the early rise. Following this, the overall volume has remained steady, indicating sustained market interest. Buyers and sellers appear to be active throughout this period, which suggests that trading activity has been relatively consistent.
In terms of candlestick patterns, the chart initially displayed strong bullish momentum, with a series of green candles driving the price higher. After this upward movement, there was some bearish pressure, evident in the red candles that followed, likely due to profit-taking. Despite these corrections, the price stabilized above the $0.2000 level, suggesting the formation of a short-term support point.
2. Pochita’s Father (WOOLY)
Pochita’s Father (WOOLY) is changing hands at $0.0104, with a market cap of $114.62K and a 24-hour trading volume of $2.72M. This marks a significant 15,071.27% increase in trading activity, suggesting heightened market interest. The circulating supply is 10 million WOOLY coins, with no additional supply beyond this cap.
In terms of price action, WOOLY began with a bullish phase, as reflected by a series of green candlesticks pushing the price upward. However, this momentum was interrupted by a bearish trend, with selling pressure causing a price drop. The token found support around $0.01008 and has since entered a consolidation phase, with its price hovering near $0.01040, a 2.78% increase.
The trading volume remains relatively low at 1.193K, indicating subdued market activity during this period. The higher volume seen earlier in the session correlates with the higher volatility, while the recent reduction in volume aligns with the consolidation phase.
https://twitter.com/WOOLYCTO/status/1841945971401621594
Overall, the trend appears neutral to slightly bearish, as the price has stabilized near $0.01000. The slight uptick towards the chart’s end lacks sufficient volume to indicate a strong recovery. While price movement suggests market stabilization, the absence of significant trading activity leaves the short-term outlook uncertain.
3. Moodeng’s Friend (PongPang)
The recent price movement of Moodeng’s Friend (PongPang) paints a dynamic yet cautious market scenario. Currently priced at $0.000144, with a market cap of $134.03K and a 24-hour trading volume of $538.52K, the asset has seen a notable 1,600.68% increase in trading activity over the past day. With a circulating supply of 999.42 million PongPang coins, liquidity sits at $39.8K, and the total number of holders stands at 406, reflecting a relatively stable user base.
At the beginning of the observed period, the price exhibited a bullish trend. Opening at $0.0001615, it peaked at $0.00026, driven by consecutive green candles that indicated a strong buying interest and increased market participation. However, this upward momentum was short-lived. The price quickly reversed, falling to $0.0001395, a decline largely attributed to selling pressure, possibly from traders taking profits after the initial surge. This reversal marked a significant shift from the earlier upward trend, highlighting the volatility of the market.
Following the sharp decline, the price entered a consolidation phase, with smaller red and green candles suggesting some level of stabilization. However, there were no clear signs of a strong recovery during this period. The trend remained bearish, with lower highs and lows reflecting ongoing uncertainty or a generally negative sentiment among traders. Despite the momentary stabilization, the price struggled to reclaim its earlier highs, further contributing to the cautious outlook.
What Might Be The Next Top Trending Crypto?
Pepe Unchained (PEPU) has garnered notable attention within the crypto community, primarily due to its successful presale, which raised $17.3 million. As an emerging project, it is being positioned by some as a potential breakthrough in the meme coin space, especially with its upcoming blockchain launch.
The core focus of Pepe Unchained is to develop a Layer-2 network specifically designed for meme coins. The goal is to offer a platform that operates 100 times faster than Ethereum, optimized for meme coin transactions. Additionally, the network will provide tools like a block explorer and Ethereum bridging, enhancing usability for both creators and traders.
Currently, PEPU tokens are priced at $0.00991, with the price expected to rise as the presale progresses. The project has allocated 40% of its token supply to presale investors and plans to set aside 10% for marketing. A further 7.5% will be reserved for liquidity when PEPU is listed on a decentralized exchange (DEX), which has generated further interest.
The Breaker of Chains strikes again!
$17M raised 🏗️ pic.twitter.com/dTpGIkooRO
— Pepe Unchained (@pepe_unchained) October 2, 2024
One feature that stands out is the double staking protocol, offering an estimated 124% annual return for token holders. This has attracted significant participation, with over 1.28 billion PEPU tokens already staked.
Additionally, Pepe Unchained has introduced the “Frens with Benefits” program to encourage blockchain developers to contribute to its Layer-2 network. Grants, managed by the “Pepe Council,” will begin distribution in Q4 2024. The project’s timing also aligns with favorable market conditions, as recent interest rate cuts have generated optimism in the broader crypto market. This could potentially benefit PEPU’s listing on the DEX and contribute to its growing momentum.
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