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Trending cryptocurrencies make up the bulk of the best-performing assets today. Generally, the crypto market is undergoing a distribution phase. Investors have seen a consistent swing in asset prices between the mid and lower price ranges, making it relatively difficult to make informed investment decisions.
However, contrary to the trends in the crypto market, the price of trending tokens on the Avalanche chain is demonstrating upbeat performance. This article explores the price action of Ample forth Security, Step App, and and Platypus, some of the network’s top-ranking assets.
Trending Cryptocurrency Tokens on Avalanche Chain
At the same time, today’s post makes a special mention of the WienerAI project. The project recently kicked off the presale offering of the WAI token, and in a few weeks, it raised over $1.4 million. The performance of the token’s presale stands out amidst the widespread pessimism in the crypto market. Below is a brief insight into what sets the project apart and why it’s gaining substantial traction.
1. Ample forth Security (AMPL)
Ampleforth (AMPL) is an Ethereum-based asset with a unique approach to its circulating supply. Unlike traditional cryptocurrencies, AMPL operates on an algorithmically adjusted supply mechanism. This mechanism makes it resistant to supply inflation and independent from other digital assets, notably Bitcoin.
With AMPL, token holders own a fixed fraction of the total circulating supply, ensuring that their percentage ownership remains constant despite fluctuations in supply. This feature makes AMPL an attractive option for portfolio diversification, providing investors with a non-correlated asset to hedge against market volatility.
Additionally, thanks to its stable and reliable supply adjustment mechanism, AMPL can serve as reserve collateral for decentralized finance (DeFi) applications. The project compares itself to gold’s historical role as base money, suggesting its potential significance in the emerging digital economy.
Ampleforth SPOT/USDC vault earning +5000% APY with FORTH rewards!
🥳 Amplers rejoice
To earn:
1. Deposit into the vault: https://t.co/0UK5SFwPDY
2. Stake LP tokens at https://t.co/xJdPwVSiZV pic.twitter.com/A1boE1h32m
— Charm (@CharmFinance) May 7, 2024
Currently, AMPL is priced at $1.30, with a notable 29.12% price increase in the past seven days, indicating positive market sentiment. In addition, the token is available for trading on various centralized cryptocurrency exchanges. These exchanges include popular platforms like KuCoin, enhancing its accessibility and liquidity for investors.
2. Step App (FITFI)
Step App (FITFI) is a unique project built on the Step protocol for FitFi (Fitness Finance). It offers users a novel way to engage with fitness activities and earn rewards. The FitFi ecosystem integrates fitness quests and player-versus-player challenges within a gamified metaverse. This encourages users to immerse themselves in physical activities while interacting with others through their metaverse avatars.
The app bridges the gap between the virtual and real worlds through augmented reality technology. It turns fitness into a social experience where individuals can compete and win rewards.
In addition, the Step App economy operates on gaming principles, incorporating features such as staking, liquidity rewards, buybacks, and burns. The ecosystem utilizes two tokens: FITFI, the governance token fueled by ecosystem fees, and KCAL, the in-game token used for purchasing NFTs and driving the game’s economy. FITFI holders participate in governance decisions, while KCAL facilitates in-game transactions and incentivizes user engagement.
Step App’s global objectives include continuous user growth, retail sales expansion of Step Metaverse, and attracting athletes and influencers as brand ambassadors. The app provides income-generating avenues, such as microtransactions and staked play using FITFI tokens.
👟 Big Marketplace News: Move-To-Earn with Nike!
Get ready to supercharge your #MoveToEarn journey with exclusive @Nike offers on #StepApp!
Step App users can now seize fantastic deals on Nike athletic footwear, apparel, equipment, and accessories in our Marketplace. Elevate… pic.twitter.com/VgZAihdNB3
— Step App | The Future of Fitness (@StepApp_) May 2, 2024
Moreover, users can participate in tournament gaming and NFT sales through the marketplace. In addition, a commission is charged on all transactions within the NFT marketplace, contributing to the platform’s revenue stream.
Furthermore, Step App (FITFI) is priced at $0.007445 with a 24-hour trading volume of $4,584,376.14. This indicates a notable price increase in the past 24 hours and seven days. The token’s performance surpasses that of the global cryptocurrency market and similar Avalanche ecosystem cryptocurrencies. A notable increase in trading volume indicates heightened market activity.
3. Platypus (PTP)
Platypus Finance (PTP) introduces an open, single-sided StableSwap trading system, offering lower slippage, higher scalability, and improved user experience. As a pioneer in Avalanche DeFi, the project seeks to differentiate itself from Ethereum forks by innovating and challenging the status quo.
In addition, Platypus aims to address liquidity fragmentation and enable synthetic assets and algo stablecoins through its unique StableSwap design. By doing so, it positions itself as a leading DEX in the Avalanche ecosystem.
PTP currently trades at $0.01083, with a 24-hour trading volume of $38,485.23. Its price has increased 5.47% over the last 24 hours and 4.81% over the past 7 days. Despite global cryptocurrency market trends, PTP has outperformed, demonstrating resilience and potential for growth within the Avalanche ecosystem.
PTP tokens are tradable on both centralized and decentralized exchanges. MEXC is the most active PTP/USDT trading platform, with a trading volume of $28,995.84 in the last 24 hours. Other popular exchanges include CoinEx and Trader Joe’s.
The recent increase in trading volume, reaching $38,478.34 in the last 24 hours, signifies growing market activity and investor interest in Platypus Finance. As the project strives to redefine DeFi and establish itself as the dominant StableSwap on Avalanche, its innovative approach and competitive performance position it as a promising player in the decentralized finance landscape.
What Might Be The Next Top Trending Crypto
Artificial Intelligence technology and narrative find more acceptance in cryptocurrency than in any other industry worldwide. Hundreds of crypto projects have surfaced with various AI-based utilities and narratives in the past two quarters of the year.
A recent project in this category is WienerAI. It offers a unique blend of artificial intelligence, memecoin, and trading bot. The platform currently offers its native cryptocurrency, $WAI, on presale at a discounted price of $0.0000705. The presale offering of the token has seen widespread embrace among degen investors, with about $1.4 million raised since the start of the presale offering.
How staking your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq
— WienerAI (@WienerDogAI) May 9, 2024
Also, WienerAI allows WAI presale investors to stake their tokens even before the exchange listing. Consequently, early investors can start growing their WAI bag ahead of the listing date. Moreover, the staking offer is not the only value that early investors benefit from participating in the presale.
The project’s presale offering uses an inflationary price model. With that, the token’s price increases consistently until the listing date. Buying early means investors get instant ROI on the token’s value upon listing. Other benefits of the token and the WienerAI project are detailed on its official presale page. It provides detailed guidance on how investors can tap into crypto opportunities ahead of other traders, primarily through the AI bot feature.
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