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Analysts have confirmed the onset of an uptrend in the crypto market, following notable breakouts among leading cryptocurrencies. Notably, Bitcoin (BTC) has surpassed a downward trendline on the weekly chart, which had been in place since its all-time high in March. In addition, signs of an impending bull run have been detected among major altcoins.
Amid this rally, 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
Seedworld’s SWORLD token is currently priced at $0.00472, marking a notable 173.34% increase over the past 24 hours. Meanwhile, Husky (HUSKY) is valued at $0.0000000199, with a market capitalization of $1.75M. Bear (BEAR), on the Avalanche network, is trading at $0.000000331, with a market cap of $139.54K and a 24-hour trading volume of $4.33K.
FreeDum Fighters has launched its presale, drawing attention due to its political themes and promising high staking rewards. Bitcoin has dropped to the $65,000 level, continuing to lose ground after last week’s gains.
1. Seedworld (SWORLD)
The SWORLD token is part of the Seedworld ecosystem, a user-generated content (UGC) gaming platform where users can create, explore, and monetize unique virtual worlds and experiences. Seedworld provides tools that enable users to design games, assets, and environments without requiring coding skills. The platform also allows players to build economies and trade assets and actively shape the future of the system, combining creative freedom with a decentralized economy for creators, players, and investors.
Seedworld’s SWORLD token stands at $0.00472, reflecting a significant 173.34% increase in the last 24 hours. With a market capitalization of $10.73 million and a 24-hour trading volume of $1.75 million, the token has attracted notable interest. Its circulating supply is 2.18 billion out of a total maximum supply of 19.49 billion, which is worth noting when considering long-term value.
The SWORLD/USD pair showed a clear upward trend, starting from early morning, around 7:00 AM, when the price began at $0.0032. It gradually climbed to a peak of $0.004728 later in the day. Despite a slight correction toward the close, the price settled at $0.004677, maintaining most of its earlier gains.
Just some math:$SWORLD market cap now = 7M
Average UGC world in web3 = 800M
Avg ATH of UGC worlds in web3 = 8B
Top UGC world in traditional = 26B— Seedworld (@SeedworldMeta) October 24, 2024
Trading volume increased as the price climbed, suggesting growing investor interest. Notably, volume surged between 10:00 AM and 3:00 PM, supporting the price rally. Temporary pullbacks, particularly between 12:00 PM and 1:00 PM, were accompanied by lower volumes, indicating potential profit-taking or brief consolidation.
The chart revealed primarily bullish candles, signaling strong buying momentum. Short red candles during the uptrend indicated brief corrections, but buyers quickly absorbed these. The consistent formation of higher highs and lows suggests an overall positive market sentiment during this period.
2. Husky (HUSKY)
The current price of Husky (HUSKY) is $0.0000000199, with a market capitalization of $1.75M. Over the last 24 hours, the trading volume was $3.83K, representing a 21.49% increase. The circulating supply is 87.61 trillion HUSKY tokens, which is the total available supply.
The HUSKY/USD chart on October 24, 2024, reveals a notable price drop. Initially, the price opened at $0.0002050, reached a peak at the same level but quickly declined to $0.0001997. This decline marked a 2.59% loss within a short period, indicating a shift from bullish to bearish sentiment.
Trading volume during this period was 40, suggesting moderate activity. The sudden increase in volume, especially as the price dropped, could indicate a large transaction or multiple sell-offs, potentially triggering the decline.
Moreover, the chart shows bearish market sentiment, with no immediate sign of recovery following the sharp decline. The steep fall in price may be attributed to a quick shift in market perception or reaction to a particular event, causing increased selling pressure. Consequently, the market has stabilized at a lower level without immediate signs of reversal or recovery.
3. Bear (BEAR)
Bear (BEAR) on the Avalanche network is currently priced at $0.000000331, with a market cap of $139.54K and a 24-hour trading volume of $4.33K. Over the past 24 hours, the coin has experienced an 18.74% increase. The total circulating supply of BEAR stands at 420.69B, which is the maximum supply.
Looking at the price action on DEXTools.io as of October 24, 2024, the BEAR/USD pair shows a slight positive shift. The price opened at $0.063259, reached a high of $0.063316, and closed at $0.063316, reflecting a modest 1.78% increase over the session. This suggests a bullish trend, though the trading volume was relatively low, with only 11 units traded. This low volume indicates that despite the price increase, there may not be significant liquidity or widespread market participation supporting this movement.
The candlestick analysis shows a single green candlestick, indicating a steady rise from the opening to the closing price without any downward pressure during this timeframe. This further reflects the bullish sentiment, but the absence of additional candles makes it difficult to determine whether the uptrend will continue or reverse in the near term.
Despite the upward price movement, the low trading volume suggests limited market activity. This could imply that the price increase may not be backed by strong buying pressure, and there is uncertainty about whether the trend will be sustained. Moreover, the price is hovering near $0.063316, which could act as short-term resistance if the market fails to maintain its current momentum.
What Might Be The Next Top Trending Crypto?
FreeDum Fighters has launched its presale, attracting attention with its political themes and high staking rewards. The project has surpassed the 260,000 mark, indicating strong investor interest. Tapping into the U.S. election buzz, the project introduces mechanized political figures, ‘Kamacop’ and ‘Magatron,’ facing off in a symbolic battle. This concept resonates with those interested in combining politics and cryptocurrency.
Currently, in its ICO phase, the token ($DUM) is priced at $0.00005, with plans to increase the price gradually throughout the presale. Investors can stake their tokens, earning passive rewards, with APYs reaching up to 1618.85%. While staked tokens may require a waiting period before unstaking, non-staked tokens can be immediately claimed after the presale. This system offers potential gains from both token appreciation and staking rewards.
FreeDum Fighters stands out for its staking mechanism, which provides different APYs based on the chosen character. This feature encourages investors to manage their tokens strategically. Additionally, the platform promotes community involvement through weekly debates, where participants can support their chosen side and earn airdrops. By backing both sides, investors can mitigate risk, reflecting the unpredictable nature of real-world politics.
FreeDum Fighters is simple.
MAGATRON 🆚 Kamacop 9000
1⃣ You buy $DUM
2⃣ You choose your candidate
3⃣ Vote for your candidate by staking $DUM
4⃣ Wait for debates to begin pic.twitter.com/hK2O0pnLAf— FreeDum Fighters (@Freedum_Fighter) October 22, 2024
The project’s tokenomics plan allocates 40% of tokens to ICO investors, 20% for staking, 20% for liquidity, and 10% for rewards and other uses. FreeDum Fighters’ roadmap outlines phases like “Make Crypto Free Again” and “The Race,” aiming to offer a dynamic experience for meme coin enthusiasts.
Visit FreeDum Fighters Presale
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