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In a significant surge, the cryptocurrency market witnessed a remarkable 5% increase in market capitalization over the past 24 hours, soaring to an impressive $2.434 trillion. This surge was accompanied by a predominantly green day for most of the top 100 coins by market capitalization, as reported by CoinGecko.
Generally, trends of the major cryptocurrencies often determine the market’s overall performance. Major tokens like BTC, ETH, and SOl are on the rise, and the trends are spilling into the performance of alts. Similarly, the net performance of top trending tokens in the Avalanche ecosystem has helped AVAX weather the token release, sending it to a rally to its all-time high.
Trending Cryptocurrency Tokens on Avalanche Chain
Amidst this market excitement of the bull market, attention also turns to trend crypto presales, especially the ones with a high potential for explosive gains. eTukTuk is one of the cryptos to watch this season. It’s found a growing community of loyal investors and is on its way to debuting on exchanges. The updates below shed more light on its presale performance, covering how investors have reacted to its offering.
1. Yield Yak Token (YAK)
Yield Yak is a promising addition to the crypto space, functioning as an automated yield compounder natively built on the Avalanche blockchain platform. Designed to cater to DeFi users, Yield Yak facilitates easy-to-use tools for seamless interactions within the decentralized finance realm.
The current price of $611.09 indicates a 12.22% increase in the last 24 hours. In addition, it has seen a notable 25% price hike over the past year.
Yield Yak demonstrates resilience by trading above the 200-day simple moving average. Moreover, it has showcased 15 green days in the last 30 days, further solidifying its position in the market.
Despite a bearish price prediction sentiment, the Fear & Greed Index stands at 80, indicating extreme greed among investors. Yield Yak’s notable performance in 2023, with a 206.83% increase, showcases its growth potential.
Relevant for @steakhut_fi $yyAVAX farmers in order to start earning $YAK. https://t.co/3BXHS4TpOM
— Yield Yak 🐃 🥛 (@yieldyak_) February 27, 2024
While remaining cautious about market dynamics, investors may find Yield Yak’s mission to simplify DeFi processes compelling. Moreover, its historical growth adds to its allure, making it an intriguing consideration for those seeking exposure in the crypto space.
2. Gamer Arena (GAU)
Gamer Arena aims to revolutionize competitive gaming by rewarding gamers for their skills and loyalty. It is achieved through its Play&Earn model, powered by blockchain technology.
Moreover, since its inception in March 2020, the platform has attracted 400,000 users. These users engage in duels and tournaments across 30 games on various platforms.
GAU token serves as the backbone of the ecosystem, facilitating entry fees for competitions and serving as a reward mechanism. Also, GAU allows holders to participate in decision-making processes beyond powering the platform.
🚀 Breaking News! 🚀$GAU Token has landed on @Web3WithBinance , one of the world’s leading cryptocurrency exchanges!✨
Act fast and dive into the action – trade, explore, and join the discussion.
Opportunities like this won't wait! 🚀💼 pic.twitter.com/MnAuWvFIGj
— Gamer Arena (@GAUtoken) February 24, 2024
The upcoming mobile app consolidates gaming features, enabling players to experience duels, tournaments, missions, seasons, practices, and a ranking system. All these functionalities will be available within a single application, providing a comprehensive gaming experience for users.
With a 27.80% price increase in the last seven days, Gamer Arena outperforms the global cryptocurrency market and demonstrates resilience within the Avalanche Ecosystem. This performance makes it a noteworthy consideration for investors seeking exposure to blockchain-based competitive gaming.
3. Janus Network (JNS)
Janus Network is a private blockchain tailored for gaming and NFTs, offering a vital solution to the growing number of subnets. Its primary function is to facilitate seamless communication among Subnet projects.
With a current price of $0.064212 and a notable 29.76% increase in the last 24 hours, Janus Network showcases dynamic market activity. The platform’s capability to merge NFTs across subnets into a unified subnet brings considerable utility. It enables streamlined buying, selling, and management operations. In addition, including an NFT dex (NYX Protocol) enhances its functionality, further augmenting its value proposition.
Despite the current bearish sentiment in price prediction, the Fear & Greed Index at 80 (Extreme Greed) suggests a positive market outlook. Examining historical performance, 2022 was a standout year with a 44.07% increase, while 2023 saw a -26.22 % drop.
Meanwhile, the average yearly growth over the last three years stands at 8.92%, with Q4 typically showing the best performance and Q3 experiencing the worst. These insights position Janus Network as a notable player in the evolving landscape of blockchain gaming and NFTs.
4. YAY Games (YAY)
YAY Network is a decentralized venture studio and over-the-counter (OTC) marketplace. It stands at the forefront of secondary market trading for future token allocations, effectively bridging the gap between top-tier projects and retail users.
With a mission to democratize access to private investments and unlock liquidity for all, the platform empowers users through education and informed investment decisions. It provides essential tools and knowledge for strategic choices.
In addition, YAY Network offers a space where private investments foster collective growth, knowledge, and success. The platform invites users to join in reshaping the future of decentralized investments.
The recent performance of YAY Network (YAY) showcases a significant uptrend, with a 13.85% increase in the last 24 hours and a notable 44.00% surge in the past seven days. This surge surpasses both the global cryptocurrency market and similar Avalanche Ecosystem cryptocurrencies.
With the upcoming Dencun update, Ethereum is set to become more accessible and user-friendly by incorporating Layer 2 rollups.
As a result of this update, its anticipated a surge in activity within Layer 2 (L2) networks! 🔥
To help you get ready for this shift, we've put… pic.twitter.com/M9CjTgwEuk
— YAY Network (@yaynetwork) February 29, 2024
YAY, Games is predicted to reach $ 0.006135 by March 6, 2024, with a bullish sentiment and a Fear & Greed Index at 80 (Extreme Greed). It marks a suitable time for potential investors to engage with the platform and explore its offerings.
What Might Be The Next Top Trending Crypto
The eTukTuk presale is experiencing significant success, having amassed over $1.5 million in funding amidst bullish sentiment in the crypto market. Early investors can acquire TUK tokens at a favorable price of $0.0272 during the presale phase. However, prices are expected to rise as funding milestones are achieved.
eTukTuk aims to revolutionize transportation in developing countries by introducing electric tuk-tuks. Moreover, this initiative is attracting investors interested in supporting sustainable technology.
By integrating AI technology to optimize routes and alleviate congestion, the project offers promising solutions for local communities. Moreover, eTukTuk features a staking protocol allowing presale participants to earn rewards on their TUK tokens, boasting yields of 167% per year.
"Breakout crypto eTukTuk is working on improving urban transportation in developing nations with electric vehicles and blockchain technology." – @cryptonews
Read more here: https://t.co/7hr62WePzm
— eTukTuk (@eTukTukio) February 8, 2024
With over 30 million TUK tokens already pledged, there is evident enthusiasm and engagement within the community. Looking ahead, eTukTuk plans to list TUK tokens on centralized exchanges (CEXs) post-presale. Considering the project’s unique features and potential impact, early investors anticipate this move could lead to substantial price increases.
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