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The crypto bear market is far from over, despite the widely circulated news of impending institutional funds entering the crypto market. Overall, BTC posted a brief recovery yesterday, touching $66k momentarily before a further dump towards the $63k price. The declining price raises mixed feelings across the market, as many investors envisage further decline in the coming days.
However, there are hopes in the low-cap crypto category, with several of these coins making progressive moves to the upside. The top trending cryptocurrencies on the Avalanche chain recorded improved performance over the week. The price action in the ecosystem has helped AVAX hold its ground at the $27 range.
Trending Cryptocurrency Tokens on Avalanche Chain
Similarly, emerging initiatives like the DICE presale sport increase investors’ participation. At press time, DICE has raised over $1.5 million. Besides, the Mega Dice project is taking several notable initiatives to improve the benefits to early investors, many of which are reported in today’s post.
1. Snowtomb Lot (SLOT)
Snowtomb LOT (SLOT) is gaining attention as a measure of the STOMB Protocol’s value and the trust of its shareholders. Currently, the price of SLOT stands at $5.13, with a 24-hour trading volume of $2,187.03.
In the last 24 hours, SLOT’s price has surged by 25.44%. Over the past week, the price has jumped by an impressive 118.22%, making SLOT a standout in the cryptocurrency market.
SLOT is performing exceptionally well compared to the global cryptocurrency market, which is down by 2.00%. Also, it outperforms other cryptocurrencies within the Avalanche Ecosystem, up by 5.80%.
In addition, SLOT tokens are available for trading on decentralized exchanges, with Trader Joe being the most popular platform. The most active trading pair on Trader Joe is SLOT/WAVAX, recording a trading volume of $2,073.08 in the last 24 hours.
Use your $STOMB and $FTOMB to farm yield at the @PyreSwap genesis! pic.twitter.com/FfKvvnoX3P
— Snowtomb – Frozentomb🔺 (@snow_tomb) June 19, 2024
Meanwhile, the overall 24-hour trading volume for SLOT is $2,184.65. This represents a massive 667.20% increase from the previous day, signaling a significant rise in market activity. Snowtomb LOT (SLOT) has grown enormously, making it an exciting token to watch in the current crypto landscape.
2. Volta Club (VOLTA)
Volta Club, a decentralized autonomous organization (DAO), supports crypto and web 3.0 protocols by channeling its treasury resources into emerging projects. The club aims for substantial capital growth through advanced treasury management strategies, often surpassing market expectations. Also, to ensure the token’s value truly reflects the club’s achievements, Volta Club regularly conducts market buybacks and token burns.
For security, Volta Club relies on smart contracts, particularly the Volta.sol contract. This contract manages all operations and transactions within the Volta Club ecosystem. Moreover, Smart contracts offer high security and trust, executing automatically without downtime, fraud, or third-party interference.
The current price of Volta Club (VOLTA) is $66.79, with a 24-hour trading volume of $66,621.36. However, the token’s price has declined 11.42% in the last 24 hours and 29.62% over the past week.
VOLTA tokens are available for trading on both decentralized and centralized exchanges. The most popular exchange for trading VOLTA is Uniswap V3 (Ethereum), where the VOLTA/USDT pair had a 24-hour trading volume of $2,877.71. Other popular trading options include Uniswap V3 (Avalanche) and Bilaxy.
An important update from our lending platform! Please see this thread 👀 https://t.co/iGbyQQoofv
— Volta Club (@thevoltaclub) June 12, 2024
Despite recent price declines, Volta Club’s robust strategies and commitment to security through smart contracts position it as a significant player in crypto and web 3.0. As the club continues supporting emerging projects and maintaining its token’s value, it remains a noteworthy entity in the evolving cryptocurrency market.
3. Snowball (SNOB)
The Snowball protocol’s governance token, SNOB, is gaining attention in the DeFi space on Avalanche. SNOB is essential for voting on proposals through Snowball Governance, with tokens minted through mining as incentive rewards for participation.
On the other hand, Snowball offers a range of decentralized services on Avalanche. These include auto-compounding services for Pangolin liquidity pools and acting as an automated market maker (AMM) for stable assets. The protocol aims to become a leading DeFi project on Avalanche by providing competitive and valuable products.
Meanwhile, SNOB is priced at $0.015, reflecting a 15.25% increase in the last 24 hours. However, the token has seen a 6.84% decline over the past seven days. With a circulating supply of 5.5 million SNOB, the market cap is $82,297.52.
Trading volume for SNOB has also surged. The 24-hour trading volume reached $1,508.37, marking a 381.80% increase from the previous day. This significant rise in market activity indicates a growing interest in the Snowball protocol and its governance token.
Update from @soft_tide : making progress on the Decentralized implementation of the website. Currently extracting centralized dependencies.
Huge shout out to members of the Snowball family who continue to contribute. Updates on other projects coming soon
Be a $snob for Snob— Snowball (❄️,🔺) (@snowballdefi) June 9, 2024
Given its diverse and competitive product offerings, Snowball’s goal of becoming a premier DeFi project on Avalanche seems within reach. The recent price and trading volume trends highlight the market’s positive response to Snowball’s developments and potential.
What Might Be The Next Top Trending Crypto
Mega Dice is a growing casino brand with thousands of monthly users. This accounts for the ease with which the project raised over $1.5 million towards listing the DICE token. Recently, the project launched the token’s presale offering, allowing investors to purchase DICE at a discounted price of $0.075.
More investors are still welcome to join the fastest-growing sector in the crypto market. Mega Dice prides itself on being one of the projects seeking to unlock the potential of crypto casinos. It hopes to achieve this by transferring the established expertise and experience in online casino services to the blockchain environment.
Haven’t bought $DICE yet? Follow the link below to buy in a few easy steps – not convinced, view our reasons below ⤵️
BUY $DICE HERE: https://t.co/E5WFsXQhfQ
Current Price: 1 DICE = 0.075 🚀
Here’s why $DICE is set to become the leading GameFi token, outpacing all… pic.twitter.com/kouUUsxYft
— Mega Dice Casino (@megadice) June 21, 2024
According to the information on the project’s presale page, Mega Dice built a successful online casino enterprise with over $50 million monthly funds inflow. The expertise and team effort contributing to the brand’s success would largely influence the new crypto expansion. What’s more interesting is that the platform has already amassed thousands of engaged online communities, attesting to the project’s potential.
Additionally, a handful of interesting offers are lined up ahead of the DICE listing, and investors can take advantage of these bonuses by participating in the token presale. Firstly, there’s a chance to win over $500 for a PS 5 console, and the details are available on the official Twitter handle of the Mega Dice project.
Similarly, their planned airdrop offer, which would distribute over $2 million worth of DICE tokens, is still in the pipeline, and early investors can gain a large share of the offer. Further airdrop details are also available on the project’s presale website.
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