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Bitcoin and Ether experienced declines of up to 5% on Wednesday, driven by fresh worries about a potential U.S. economic slowdown and expectations surrounding upcoming data that could impact the Federal Reserve’s interest rate choices. Nonetheless, some tokens, including Monero (XMR), have seen a significant upward trend in the recent intraday session. This price increase is attributed to a recent series of bullish trends.
Meanwhile, tokens within specific blockchains have also witnessed rallies. This article curates the trending cryptocurrency tokens on Avalanche Chain today.
Trending Cryptocurrency Tokens on Avalanche Chain Today
BloodLoop is a 5v5 hero shooter that combines well-known third-person shooter mechanics with distinctive game modes. The Husky token is a community-led initiative backing merchandise, NFT collections, and other projects. LODE provides a digital ecosystem to transform monetary systems by merging precious metals like gold and silver with blockchain technology. The Meme Games is a cryptocurrency project tied to the 2024 Paris Olympics, standing out as the sole meme coin with an Olympic theme. Bitcoin has bounced back after an overnight sell-off, briefly dipping its price below $56,000.
1. BloodLoop Shard (BLS)
BloodLoop is a 5v5 hero shooter that blends familiar third-person shooter mechanics with unique game modes. The game focuses on faction-based combat, where players control heroes with distinct abilities, offering a range of playstyles and strategies. The gameplay is designed to be accessible, balancing innovation with a traditional shooter experience.
Developed by industry veterans from companies like Crytek, CI Games, and Ubisoft, BloodLoop stands out with its web3 integration powered by a proprietary SDK. This ensures seamless blockchain elements, such as gas fee-free transactions within its subnet, without disrupting the user experience.
A key feature of BloodLoop’s economy is using $BLS, the native token. It serves various purposes, including in-game crafting, asset trading, character upgrades, and tournament participation. $BLS also acts as the gas token for BloodLoop’s subnet, anchoring the game’s economic ecosystem. NFTs are used as in-game skins, adding another layer to the economy.
Our team is gearing up for the Tokyo Game Show 2024, perfecting BloodLoop for the spotlight! Our biggest booth yet, featuring life-sized game prop replicas, exclusive builds, and thrilling NFT & Unique Skin competitions. 🚀
Join our Discord Townhall on Sept 4 at 12 PM EST for… pic.twitter.com/IgnhfWa3Bh
— BloodLoop🔺 | Hero-Shooter (@BloodLoopGAME) September 3, 2024
Currently, $BLS has a market cap of $12.99M and a circulating supply of 23.25 million tokens out of 350 million. The liquidity is $7.78K, and the 24-hour volume is $666.03, indicating moderate market activity. The token’s volatility is 0.0855, and its circulating supply is 6.64%.
In summary, BloodLoop offers a well-rounded mix of gameplay innovation and web3 integration, providing players with a smooth, immersive experience. While its economic model is still evolving, its structure shows potential for sustainability and player engagement.
2. Husky (HUSKY)
The Husky token is a community-driven project built on the Avalanche blockchain. It was stealth-launched on May 12, 2021, with locked liquidity and a fixed supply. The design excludes team allocation and minting functions, ensuring decentralization. Husky is the project’s core, supporting merchandise, NFT collections, and other initiatives.
Soon after the launch, the Husky.space website went live on May 22, 2021. Three days later, on May 25, Husky sold its first merchandise. This included an Avalanche and Husky-branded hoodie and an exclusive NFT collector’s edition shipped worldwide.
In June and July 2021, Husky introduced several liquidity incentives. ELK Finance, Olive.cash, and TraderJoe launched farming opportunities for Husky-AVAX liquidity providers. These incentives helped increase token liquidity and boosted user participation.
By August 2021, Husky expanded further. The project released a bridge to Binance Smart Chain (BSC) and listed the token on platforms like Nomics, CoinGecko, and CoinMarketCap. At the same time, Husky launched its second line of merchandise, the red Avax Collector Cap.
Get your bae some @AvaxHusky curls 😘 https://t.co/V3abHxBaGm
— HUSKY🔺 (@AvaxHusky) August 31, 2024
September 2021 marked significant changes for the project. Husky rebranded and relaunched its website, adding more features and community-focused content. Additionally, Husky introduced its first NFT collection, created by artist L$30. This helped the project diversify into the NFT space.
Financially, Husky’s market value is $2.97 million, and liquidity is $74.27K. The circulating supply remains at 87.61 trillion tokens, held by over 10,000 individuals. The token price has seen moderate growth, although its volatility remains low.
Overall, Husky has made continuous progress. The project has built a strong foundation with liquidity partnerships, merchandise, and NFTs. Although still small within the Avalanche ecosystem, its community-focused approach and steady development suggest further growth potential.
3. LODE Token (LODE)
LODE offers a digital ecosystem to reshape monetary systems by integrating precious metals like gold and silver with blockchain technology. The platform provides three main assets: LODE Tokens, AGX Coins, and AUX Coins, each serving a specific function.
LODE Tokens support LODE’s operations and reward holders with a proportional share of the profits, including a 10% premium on the sale of AGX and AUX Coins. These tokens do not provide ownership rights but offer returns from both liquidity pools and any yield generated by the platform.
AGX Coins are backed by physical silver, with each coin representing one gram of investment-grade silver stored securely in vaults. Similarly, AUX Coins represent digital gold, where each coin corresponds to one milligram of vaulted pure gold. Both coins are fully backed and redeemable for their respective precious metals.
The platform promotes accessibility and affordability, highlighting low fees and ease of use. Stability is a key feature, as the coins are backed by tangible assets, offering protection from inflation. Security is ensured through blockchain technology, and users benefit from transparency in transactions.
LOD3 AIRDROP EVENT ANNOUNCEMENT
Hey LOD3 fam! 🚀
Ready to level up and make some noise? LOD3 DAO has something exciting for you in the LODEwallet—your all-in-one ride for acquiring, storing, swapping, and staking Digital #Silver and #Gold. And guess what? Staking LODE Tokens… pic.twitter.com/BeaOQauhmt
— LOD3 (@LODE_one) September 4, 2024
The LODE ecosystem covers the entire value chain, from acquiring and refining metals to tokenizing them for use on blockchain networks like AVAX, Binance Smartchain, and Syscoin. The system also includes inventory management, proof of reserves, and payment tools such as the LODE Wallet and LODE Card, making it a comprehensive solution for digital transactions.
With over 15,700 active members across 171 countries, the platform is growing, though it may still be early in its development. It aims to bridge traditional precious metals with modern digital finance.
What Might Be The Next Top Trending Crypto?
The Meme Games is a cryptocurrency initiative linked to the 2024 Paris Olympics. It distinguishes itself as the only meme coin with an Olympic theme. By blending popular meme characters with a gamified reward system, the project has attracted attention from crypto investors. It has raised over $421,000 in its presale phase, with a goal of $1 million.
Time’s ticking! ⏳ Only 3 days left until the Meme Games presale ends!
Choose your meme champion and secure a 25% bonus if they win before the #Presale closes! 🔐
Hurry, the clock stops on September 8th at 10 AM UTC! 🔥
Join now! 👉 https://t.co/6oUlx6rUVU pic.twitter.com/qji1kKwmpr
— The Meme Games (@MemeGames2024) September 5, 2024
The token supply is capped at 2.024 billion, with 38% set aside for presale, 9.3% allocated for game rewards, 10% for staking, and 15% for marketing. The remaining 20% is divided between liquidity and project funds. This distribution aims to support long-term growth and incentivize holders to retain their tokens.
A unique aspect of the project is its equal odds system, where each meme character has an equal chance of winning. If an investor’s chosen character wins, they earn a 25% bonus on their MGMES holdings. Investors can also purchase tokens multiple times and select different characters to boost their chances of gaining rewards.
The project offers staking options, with a current annual return of 459% and its current price pegged at $0.0094. However, this rate may change depending on how many participants stake their tokens. This staking feature allows investors to accumulate tokens before MGMES is listed on exchanges after the presale.
The presale, which ends September 8, 2024, coincides with the final day of the Paralympics. Following this, the token is scheduled to launch on decentralized exchanges on September 10, 2024.
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