{"id":508851,"date":"2024-04-18T18:47:01","date_gmt":"2024-04-18T18:47:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=508851"},"modified":"2024-04-18T18:47:01","modified_gmt":"2024-04-18T18:47:01","slug":"most-trending-cryptos-on-ethereum-chain-today-efinity-token-open-custody-protocol-not-financial-advice","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/most-trending-cryptos-on-ethereum-chain-today-efinity-token-open-custody-protocol-not-financial-advice","title":{"rendered":"Most Trending Cryptos on Ethereum Chain Today – Efinity Token, Open Custody Protocol, Not Financial Advice"},"content":{"rendered":"

Ethereum has been on a sideway trend since the start of Q2. The asset’s price has been barely chained for several days now, preferring the low range in most cases. However, the network hosts some of the best-performing crypto assets. Many of the tokens built on the chain are recording increasing prices and marginal changes in trading volume. <\/span><\/p>\n

Thus, the ETH might post price recovery in the coming weeks if activities within the network maintain their current pace. This post covers the performance of the top trending cryptocurrencies on the Ethereum chain today. <\/span><\/p>\n

Most Trending Cryptos on Ethereum Chain<\/b><\/h2>\n

In addition, today’s post includes highlights of the crypto projects to watch. 99Bitcoins presale recently debuted, and it raised over $400k in a few days. The growing investors’ interest in the project and its learn-to-earn concept gives it a noteworthy uniqueness. Thus, the post explores what the team and platform have to offer the crypto community. <\/span><\/p>\n

1. Open Custody Protocol (OPEN)<\/b><\/h3>\n

The Open Custody Protocol (OPEN)—formerly Qredo— is revolutionizing how applications connect to custody solutions, making it easier for developers to manage keys securely. This innovative approach, Keychain Aggregation, simplifies complex processes and reduces risks.<\/span><\/p>\n

OPEN has demonstrated significant market activity, with a trading volume of over $2 million in the last 24 hours. Further, according to data from Etherscan, its remarkable price increase of 132% indicates that it is gaining traction in the market. Despite a slight decline in price over the past week, its recent surge in trading volume indicates growing investor interest.<\/span><\/p>\n

\"Open<\/p>\n

With a market cap of $33 million, OPEN demonstrates substantial market potential. Its circulating supply of 700 million tokens further solidifies its position as a promising investment opportunity.<\/span><\/p>\n

The token’s modular and decentralized custody primitive aligns well with the increasing demand for versatile solutions, especially with the rise of tokenization of Real-World Assets (RWAs). The token’s market activity and social media following, boasting over 77,000 Twitter followers, reflect strong community support. The token’s trading volume has increased by 237.70% in the last 24 hours, suggesting heightened market activity and investor confidence.<\/span><\/p>\n

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Important update regarding QRDO rebrand to OPEN in KuCoin https:\/\/t.co\/l7q9d1UJZv<\/a><\/p>\n

— Open Custody Protocol (former Qredo) (@OpenCustody) April 16, 2024<\/a><\/p><\/blockquote>\n