{"id":483685,"date":"2024-02-26T12:54:24","date_gmt":"2024-02-26T12:54:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=483685"},"modified":"2024-02-26T12:54:24","modified_gmt":"2024-02-26T12:54:24","slug":"trending-cryptocurrency-tokens-on-avalanche-chain-today-platypus-finance-degenx-snail-trail-token","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/trending-cryptocurrency-tokens-on-avalanche-chain-today-platypus-finance-degenx-snail-trail-token","title":{"rendered":"Trending Cryptocurrency Tokens on Avalanche Chain Today – Platypus Finance, DegenX, Snail Trail Token"},"content":{"rendered":"

The trending cryptocurrency<\/a> tokens on Avalanche Chain today have all shown remarkable price increases in the last 24 hours, even though Avalanche recently encountered a significant outage lasting about four hours. The disruption was attributed to a software bug that halted block finalization.<\/p>\n

However, following a swift investigation by developers, a software upgrade for Avalanche nodes was promptly released to tackle the issue. In the meantime, we’ve curated a list of four viable tokens in the avalanche ecosystems with promising fundamentals and market data.<\/p>\n

Trending Cryptocurrency Tokens on Avalanche Chain<\/b><\/h2>\n

In addition, this article also tracks the performance of upcoming presales that investors should keep on their watchlist. Scotty the AI<\/a> has raised over $600,000 in its presale, and the project is barely months into its presale. The overview of its progress is documented below.<\/p>\n

1. Platypus Finance (PTP)<\/b><\/h3>\n

Platypus Finance Protocol is an innovative one-way Automated Market Maker (AMM) decentralized exchange (DEX) platform. It is specifically designed for trading stable cryptocurrencies on the Avalanche blockchain.<\/p>\n

Moreover, Platypus Finance prioritizes censorship resistance, security, self-custody, and maximum capital efficiency. It achieves these objectives by focusing on the use of smart contracts.<\/p>\n

Furthermore, traders have the option to choose a single-token provision. It involves acquiring a PTP token to mitigate impermanent loss for liquidity providers and reduce slippage risks.<\/p>\n

In addition, Platypus Finance aims to foster the organic growth of its native token. Also, the token pioneers the concept of Asset-Liability Management (ALM) within decentralized finance (DeFi). It is achieved by aligning it with market demand and supply dynamics.<\/p>\n

\"PTP<\/p>\n

Staking PTP generates vePTP, a non-transferable voting escrow token designed to enhance rewards for token holders. Platypus maintains a price of $0.015501, with a 24-hour trading volume of $43,194 and a market capitalization of $218,566.<\/p>\n

The sentiment remains bearish despite reaching an all-time high of $16.65 on January 16, 2022, and an all-time low of $0.012384 on February 23, 2024. It is indicated by the Fear & Greed Index registering at 74 (Greed). Platypus is actively traded on platforms like CoinEx and MEXC. It also boasts a trading volume of $43,240 recorded in the last 24 hours.<\/p>\n

2. DegenX (DGNX)<\/b><\/h3>\n

DegenX (DGNX) is the governance token of the DegenX ecosystem, empowering and rewarding all participants within the Network. It trades at $ 0.198169, with a 24-hour trading volume of $ 26,915 and a market cap of $ 4.16M. It reflects a 2.39% decrease in the last 24 hours.<\/p>\n

Meanwhile, the token’s journey reflects highs and lows, reaching its peak at $ 0.644138 on April 18, 2023. Its lowest point was recorded at $ 0.031772 on December 30, 2022.<\/p>\n

\"DGNX<\/p>\n

Despite a bearish sentiment with a Fear & Greed Index of 72 (Greed), DegenX experienced remarkable growth. 2023 marked a 1,025.12% increase, while 2022 faced a -52.68% drop.<\/p>\n

Furthermore, its Q1 performance shines with an average gain of 895.53%, while Q2 typically brings challenges, with a -38.22% loss. Moreover, DGNX holders wield significant influence, capable of proposing and voting on initiatives. They can also lock tokens via DGNX LockR or stake them alongside other tokens using the StakeX smart contract.<\/p>\n

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Exciting Partnership Announcement!📢<\/p>\n

DEGENX and @SolidProof_io<\/a>:<\/p>\n

A Dynamic Alliance for Security and Excellence!<\/p>\n

We're thrilled to share a monumental development in the journey of DEGENX! Since our inception, SolidProof has been our steadfast audit provider, consistently… pic.twitter.com\/wbBeuXOvQA<\/a><\/p>\n

— DEGENX 🔺️ DGNX (@DegenEcosystem) February 23, 2024<\/a><\/p><\/blockquote>\n