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Since Avalanche’s recent token release, Avax has been forced into a protracted price discovery with intermittent breakout spikes. However, many assets in the Avalanche ecosystem have posted impressive numbers over the week, particularly the top trending assets in the Avalanche network.
Today, Zookeeper, Osaka Protocol, and Baklava took the lead as some of the top trending cryptos on the chain. Several other new projects debuted on the Avalanche chain, but most of these tokens have unproven fundamentals, making them quite risky to consider. Ultimately, as more assets are launched on the Avalanche chaine, the AVAX coin would find the momentum to break the consolidation trend,
Trending Cryptocurrency Tokens on Avalanche Chain
Meanwhile, the opportunity to catch early crypto opportunities is commonly found in emerging crypto assets. Thus, we’ve included assets that might become the next top trending token in the market. Below is a summary of the Sponge V2 market trends. The project recently announced the upcoming release of the play-to-earn game. The game’s arrival would likely shift the visibility and investors’ perception of the asset.
1. Zookeeper (ZOO)
ZooKeeper, a cryptocurrency project within the Metaverse sector, has been experiencing significant price fluctuations amidst changing market sentiments. Currently priced at $0.009204, ZooKeeper has seen its value swing between its all-time high of $0.397930 and its all-time low of $0.001300. As a Wanchain Dapp project, ZooKeeper offers unique farming experiences and NFT gameplay. The platform is designed to enhance the use of NFTs in the gaming environment.
Furthermore, the project’s market cap stands at $4.24 million. Despite recent fluctuations, the price prediction of a price rally for the ZOO token is quite imminent, as the Fear & Greed Index reading of 79 indicates extreme greed market sentiment.
ZooKeeper has shown impressive growth over the past year, with its price surging by 475% and outperforming 85% of the top 100 crypto assets. In addition, it boasted 30 green days in the last month and traded above its 200-day simple moving average.
While ZooKeeper’s top-performing year was 2021, witnessing a 56.34% price increase, it faced challenges in 2022, experiencing a significant price drop of -94.26%. On average, its yearly growth rate over the last four years has been -6.14%. Meanwhile, ZooKeeper usually performs best in Q2, with an average gain of 199.66%. However, Q1 tends to be its worst-performing quarter, with a loss of -56.40%.
As ZooKeeper continues to navigate the volatile cryptocurrency market, investors are advised to monitor its performance closely. With its unique features and community-driven development, the project remains an intriguing player within the Metaverse sector, offering both opportunities and risks for stakeholders.
2. Osaka Protocol (OSAK)
Osaka Protocol is a decentralized project initiated with a 30% airdrop of its total supply to individuals who sold SHIB before its surge. The primary aim of Osaka Phase 1 is to cultivate a distributed community fostering ecosystem growth.
Osaka Protocol’s price is $0.061216, with a 24-hour trading volume of $477,506. Its market cap and dominance are yet to be determined. In addition, the token’s highest price reached $0.061297 on Feb 27, 2024. However, its lowest recorded price was $0.071285 on Jul 7, 2023. The current sentiment is bullish, with a Fear & Greed Index reading of 79 (Extreme Greed).
Furthermore, the Osaka Protocol has seen 29 green days out of the last 30, indicating a robust market performance. Despite experiencing an 8.70% increase in the past week, Osaka Protocol slightly underperforms the global cryptocurrency market.
Osaka protocol NFTs coming soon ⛩️$OSAK ⛩️ pic.twitter.com/JfHJbikGl3
— Osaka Protocol (@OsakaProtocol) March 27, 2024
The trading volume of Osaka Protocol has surged to $1,915,662 in the last 24 hours, indicating heightened market activity. It marks a significant 140.30% increase from the previous day, highlighting the sudden surge in trading interest. Moreover, Investors can trade OSAK tokens on decentralized exchanges, with Uniswap V2 (Ethereum) being the most popular platform.
The OSAK/WETH trading pair on Uniswap V2 has recorded a trading volume of $948,626 in the last 24 hours, indicating active participation. Investors have other options, such as Uniswap V3 (Ethereum) and Trader Joe’s, for trading OSAK tokens.
3. Baklava (Bava)
Baklava Space has introduced a groundbreaking platform that seamlessly integrates automated yield farming for LP tokens with an innovative synthetic asset mechanism in a bold move within the cryptocurrency landscape. Users of Baklava Space retain complete ownership of their original LP tokens, ensuring transparency and security in their investment.
Additionally, the platform optimizes yield through advanced algorithms, actively auto-compounding at the lowest possible cost to maximize investors’ returns. Participants stand to reap multiple benefits, including the opportunity to earn $BAVA rewards and synthetic asset profits shortly.
Despite the recent bearish sentiment, Baklava is currently priced at $0.056066. This resilience and innovation are evident with its 24-hour trading volume of $290.55. Its price trajectory has seen both highs and lows, with the highest recorded price reaching $0.185466 on Dec 21, 2023. Conversely, the lowest point was $0.014381 on Dec 4, 2023.
Fear and Greed index has been showing greed and extreme greed for the past month. Don't forget to diversify and derisk your crypto assets.
Simply diversify using $GLP and put it into 3.25x Leveraged vault for extra gains from Baklava Space.@GMX_IO #GMX #GLP #BaklavaSpace
— Baklava Space (@baklavaspace) March 28, 2024
Despite market fluctuations, Baklava has demonstrated positive performance, with 29 out of the last 30 days showing green. The standout year of 2023 saw Baklava experience a remarkable 101.89% increase in price, emphasizing its growth potential for investors.
However, volatility remains inherent, evidenced by a -11.77% drop in 2022. With an average yearly growth rate of 45.06% over the last three years, Baklava presents compelling opportunities for investors seeking exposure to yield farming and synthetic assets.
What Might Be The Next Top Trending Crypto
Sponge V2 recently debuted as the successor of the popular V1 token, and within weeks of its launch, it greatly outperformed the V1 token. As of today, the token’s market cap stands at $99 based on the current value of its circulating supply. Moreover, SPONGE recorded an increase of over 4% in its price today and a trading volume increase of nearly 35%. Sponge’s price surge coincides with the ongoing effort toward activating the P2E phase of the project.
Don't forget, #SPONGERS! 🧽💦#SpongeV2 is bringing exciting utility through our upcoming #P2E game! 🔥
Get ready to earn $SPONGE tokens by playing the game and ranking on the leaderboard.
Stay tuned for more info! 🚀#MemeCoin #Crypto #Alts #100x pic.twitter.com/5aaLxGz8N1
— $SPONGE (@spongeoneth) March 22, 2024
The team recently announced the move towards launching the Play2Earn game, which rewards users for participating in fun games. The interesting part of the decision is that the game uses the SPONGE token for most in-game activities. Hence, the increasing adoption of the game would lead to increased demand for the SPONGE token. Similarly, the community has intensified its initiative to reduce the circulating supply of the token.
Ultimately, as the initiative becomes more established, the value of the SPONGE would take a parabolic trend. IN the meantime, investors can expect to see Song on the list of top trending cryptos, especially as the platform launches the Play2Earn game.
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