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The price of AVAX has traded relatively sideways since the token release in February. However, there are clear indications that the performance of the top trending tokens on the chain may trigger its return towards the upside. In the last 24 hours, a surge in activities across the network has resulted in over 10% increase in price.
Avax is approaching its highs from last quarter, and many investors are predicting that the present rally could lift the token’s price to as high as $60. The details of its prospects and other market data to watch are revealed in the post.
Trending Cryptocurrency Tokens on Avalanche
Also, upcoming crypto projects are positing similar trends to the ones observed in the Avalanche chain. While these tokens are still in the works, the team and community are demonstrating remarkable commitment to the future of the projects. Below is a quick overview of one of the upcoming cryptos that will likely make the top trending list upon listing, owing to its presale performance.
1. Axial Token (AXIAL)
The newly introduced crypto coin, Axial, operates as a decentralized finance protocol on the Avalanche network. It is a self-contained application and a core liquidity hub for value-pegged assets within the ecosystem.
Furthermore, the Axial Token, currently priced at $0.000430, displays stability, with a 0.00% change in the last 24 hours, signaling resilience. With a circulating supply of 44.84M AXIAL out of a max supply of 365.00M AXIAL, the token is limited in the market. Despite this, it has witnessed a commendable 63% price increase over the past year.
In addition, Axial’s mission centers around fostering decentralization and facilitating liquidity for pegged assets. Its consistent performance above the 200-day simple moving average and 21 green days in the last 30 days affirm its positive trend.
While past years have shown fluctuations, the bullish sentiment, as indicated by the Fear & Greed Index at 82 (Extreme Greed), hints at investor confidence. Meanwhile, the historical data suggests Axial could be an interesting investment within the decentralized finance landscape. Thus, it offers potential stability and growth opportunities.
With a decrease of -7.00% in the last seven days, Axial Token (AXIAL) is performing below the global cryptocurrency market. However, the global cryptocurrency market has seen a 3.70% increase. It also lags behind similar Avalanche Ecosystem cryptocurrencies, showing a 5.80% increase.
AXIAL tokens are available for trading on decentralized exchanges. The most active trading pair, AXIAL/WAVAX, has recorded a trading volume of $613.04 in the last 24 hours.
2. AvaBot (AVB)
AvaBot is dubbed the first Avalanche-based sniping bot on Telegram. The project offers trading experience on Avalanche from within the telegram environment. AVB is the native token of the AvaBot and allows holders access to every platform feature.
At the time of writing, AVB had a price of $33, owing to the growing demand for its services. In the last 24 hours, the token’s value has increased by over 40%, putting it on the list of one of the top gainers on the chain.
🔺 IMPORTANT NOTICE!! 🔺
Avabot is taking a significant leap in security by implementing account abstraction.
This move is aimed at further safeguarding our users' assets and enhancing overall trading security$AVB $AVAX #AVAX pic.twitter.com/MqLjRtvb02
— AVABOT 🔺 – TELEGRAM TRADING BOT ON AVALANCHE ❄️ (@AVABOTSNIPE) February 20, 2024
Furthermore, the token appeared on the DEXTools trending list today after posting significant gains and earning more reputation as one of the tokens to watch on the chains. Interestingly, the growing visibility of the token has equally led to an increase in the number of holders.
According to Snowtrace, AVB has over 1200 holders at the moment, and the increasing holders are giving it the push it needs to activate further price rallies. Consequently, we might see the token on the trending or gainers list more frequently in the quarter, particularly as AVAX returns to the uptrend.
3. Janus Network (JNS)
Janus Network is a private blockchain designed for gaming and NFTs to facilitate communication between various subnets. As the number of subnets grows, the need for seamless communication among projects arises.
In addition, Janus Network tackles this challenge by integrating NFTs from various subnets into a cohesive subnet. This integration facilitates seamless buying, selling, management, and NFT trading through the NYX Protocol.
The current price of Janus Network stands at $0.057988, with a 24-hour trading volume of $2,180.00. Janus Network achieved its peak price on Nov 5, 2022, hitting an all-time high of $0.493262. Conversely, its lowest price was observed on Oct 6, 2022, amounting to $0.014232.
Despite fluctuations, Janus Network has experienced notable growth. The top-performing year was 2022, witnessing a 44.07% price increase. This growth underscores the potential of Janus Network, particularly in Q4, where it typically performs best, showcasing an average gain of 110.29%.
Janus Network (JNS) has experienced a decline of -3.60% in the past seven days. This downtrend indicates underperformance compared to the global cryptocurrency market, which has seen a 4.00% increase.
In addition, JNS tokens can be traded on decentralized and centralized exchanges, with Trader Joe’s being a popular choice for trading pairs. The recent surge in trading volume indicates increasing market activity, reflecting growing interest in Janus Network’s capabilities.
What Might Be The Next Top Trending Crypto
Bitcoin investors are currently having the best time in the history of cryptocurrency, with the giant coin tearing past its high all-time values. However, history is being made on the other side of the digital currency world. The new cryptocurrency project, Green Bitcoin, is hatching a plan that might revolutionize how blockchain-based projects approach the concept of climate change.
https://youtu.be/oKoBeqVAX6M?si=tKixf8Jo3NmDzfsk
Generally, the idea is to leverage blockchain technology for environmental sustainability. It introduces the green staking initiative, which allows users to stake their GBTC for a 100% APY. With that, the platform can create a never-ending value loop that rewards the community and ensures the team continues to further the vision towards achieving a safe environment for all.
Part of the initiative is to use the Proof-of-Stake model, which makes the Green Bitcon a blend of the Bitcoin and Ethereum models. Its novel approach to blockchain technology makes it a much cheaper alternative in terms of energy consumption.
$3 MILLION RAISED!
A massive milestone for the Green Bitcoin community. Green Bitcoin is still in presale–Get yours now! pic.twitter.com/46Jj7r0PDU
— GreenBitcoin (@GreenBTCtoken) March 10, 2024
Presently, the native cryptocurrency of the project, GBTC, is available on presale, and over $3 million has been raised so far. The team and its growing community of investors initially set the hard cap milestone to $3 million.
However, the growing demand for the project’s token has necessitated the increase to $7. Thus, there’s still room for investors who want to get on board before it’s listed on exchanges.
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