{"id":489523,"date":"2024-03-15T14:56:26","date_gmt":"2024-03-15T14:56:26","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=489523"},"modified":"2024-03-15T14:57:52","modified_gmt":"2024-03-15T14:57:52","slug":"most-trending-cryptocurrency-tokens-on-avalanche-kalao-token-colony-token-crabada","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/most-trending-cryptocurrency-tokens-on-avalanche-kalao-token-colony-token-crabada","title":{"rendered":"Most Trending Cryptocurrency Tokens on Avalanche – Kalao Token, Colony Token, Crabada"},"content":{"rendered":"

Despite the significant decline in the prices of crypto assets today, AVAX has retained a large part of its recent gains. As of the time of writing, its price remains above $50, which is quite close to a major resistance level. The overall outlook of tokens in the Avalance ecosystem is quite promising.<\/p>\n

However, the top trending tokens on the Avalanche chain<\/a> hold the key to the future of the token. The list below provides a general overview of Avalanche-based projects gaining traction and receiving fund inflow.<\/p>\n

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

Besides highlighting established crypto projects, the news piece also offers an update on the progress of Bitcoin Minetrix. The project’s token, BTCMTX, is currently on presale. Investors can own the back of the token before it is listed on exchanges. A step-by-step overview of how to participate is also included below.<\/p>\n

1. Kalao Token (KLO)<\/b><\/h3>\n

Kalao (KLO) is an emerging non-fungible token (NFT) ecosystem built on the Avalanche (AVAX) blockchain. It is designed to accelerate the adoption of virtual reality (VR) technology within the NFT space.<\/p>\n

Moreover, KLO’s mission is to provide a fully decentralized, scalable, low-cost NFT marketplace that integrates seamlessly with real-world applications. By combining VR technology with decentralized finance (DeFi) capabilities, Kalao allows users to create, sell, purchase, and collect NFTs and exhibit their collections in personalized 3D NFT galleries.<\/p>\n

\"KLO<\/p>\n

Kalao (KLO) currently trades at $0.005404 with a 24-hour trading volume of $251,956 and a market cap of $1.00M. It showcases a significant -26.66% decrease in the last 24 hours. Despite its recent price decline, Kalao has experienced fluctuations. Its highest price was recorded on November 3, 2021, at an all-time high of $1.836640. However, it was lowest on October 13, 2023, at an all-time low of $0.000944.<\/p>\n

The current sentiment surrounding Kalao’s price prediction is bearish, alongside a Fear & Greed Index indicating extreme greed at 83. Kalao boasts a circulating supply of 185.32M KLO out of a maximum supply of 500.00M KLO, positioning it at #79 in the Metaverse sector.<\/p>\n

Despite its fluctuating performance, Kalao exhibits resilience, trading above the 200-day simple moving average and maintaining high liquidity based on its market cap. Analyzing its yearly performance, Kalao witnessed its best year in 2021 with a price drop of -20.77%. Meanwhile, 2022 marked its worst year, with a significant price decrease of -98.80%.<\/p>\n

2. Colony Token (CLY)<\/b><\/h3>\n

Colony ($CLY) is a community-driven accelerator within the Avalanche ecosystem, propelled by its native token, $CLY. It facilitates the growth of early-stage projects on Avalanche by providing funding and liquidity to DeFi protocols within the network.<\/p>\n

In addition, Colony actively purchases and stakes Avalanche (AVAX) and tokens from upcoming subnets. They also acquire select Avalanche projects to construct an Index.<\/p>\n

Presently, Colony is valued at $0.322747, with a 24-hour trading volume of $136,809, reflecting an 8.88% increase in the last 24 hours. The highest recorded price for this asset occurred on December 12, 2021, reaching an all-time high of $2.77. Conversely, its lowest was observed on January 1, 2023, at $0.033739.<\/p>\n

\"CLY<\/p>\n

Despite market fluctuations, Colony exhibits a bullish price prediction sentiment, complemented by an Extreme Greed index of 83. Moreover, Colony has showcased significant growth in recent times.<\/p>\n

By market cap, it ranks #333 in the DeFi Coins sector and #309 in the Binance Smart Chain sector. Meanwhile, its remarkable performance includes a 583% increase in the past year, outperforming 89% of the market.<\/p>\n

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Exciting times in the @avax<\/a> #DeFi<\/a> ecosystem as diversity takes center stage! At @colonylab<\/a>, we take pride in actively contributing to this vibrant landscape, exploring the varied yield opportunities that #Avalanche<\/a> has to offer!🔺<\/p>\n

82 days ago, Colony provided ~$184K (AVAX\/USDC)… pic.twitter.com\/jyl6mEfQ8O<\/a><\/p>\n

— COLONY 🔺 (@Colonylab) March 5, 2024<\/a><\/p><\/blockquote>\n