{"id":581147,"date":"2024-09-28T16:24:24","date_gmt":"2024-09-28T16:24:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=581147"},"modified":"2024-09-28T16:24:24","modified_gmt":"2024-09-28T16:24:24","slug":"most-trending-cryptocurrencies-on-ethereum-onlyup-bee-fuse-token","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/most-trending-cryptocurrencies-on-ethereum-onlyup-bee-fuse-token","title":{"rendered":"Most Trending Cryptocurrencies on Ethereum \u2013 OnlyUp, Bee, Fuse Token"},"content":{"rendered":"

Macroeconomic policies in both the United States and Japan have driven bullish sentiment for Bitcoin, with the cryptocurrency experiencing a significant price rise this week following interest rate decisions by the Federal Reserve and the Bank of Japan. After the U.S. Fed opted to lower interest rates, Bitcoin’s value surged by over 11% by the end of the week, surpassing $62,000 for the first time in September.<\/span><\/p>\n

Despite Bitcoin’s impressive rally, 42 other cryptocurrencies have outpaced it this year, with meme coins leading the charge. Data from Lookonchain reveals that eight of the top ten best-performing tokens are meme coins, many of which are built on Ethereum. Hence, This article curates the <\/span>most trending cryptocurrencies on Ethereum<\/a>.<\/p>\n

Most Trending Cryptocurrencies on Ethereum<\/b><\/h2>\n

OnlyUP ($UP) seeks to go beyond the meme token label, presenting itself as a broader movement. Meanwhile, the Fuse Token (FUSE) is currently valued at $0.0133, boasting a market capitalization of $10.22K, though its 24-hour trading volume is a modest $0.6725. <\/span><\/p>\n

The Bee\/USD market shows signs of consolidation, with prices moving within a tight range. Pepe Unchained (PEPU) has recently gained traction in the crypto world, driven by the success of its presale and its developer grant program. <\/span>Binance founder <\/span><\/a>Changpeng Zhao is expected to be released after four months.<\/span><\/p>\n

1. OnlyUp (UP)<\/b><\/h3>\n

OnlyUP ($UP) aims to be more than a meme token, positioning itself as a movement. Built on the Ethereum blockchain, it uses a unique tokenomics model to drive growth, encourage community participation, and create real-world impact.<\/span><\/p>\n

Currently, OnlyUP is priced at $0.00321 with a market cap of $3.21 million. Its 24-hour trading volume stands at $711,420, reflecting a sharp 59,999.10% increase. With a circulating supply of 1 billion tokens, the project has reached its full token supply.<\/span><\/p>\n

The price chart from DEXTools.io shows a sharp price surge. The token jumped from around $0.0005 to over $0.002, represented by a large bullish candlestick. This spike points to significant buying pressure. Following this rise, the price entered a consolidation phase near the $0.0030 level. Smaller candlesticks during this period indicate market indecision.<\/span><\/p>\n

\"UP<\/p>\n

Trading volume surged alongside the price increase, signaling strong market activity. However, as the price stabilized, trading volume dropped considerably. This decline suggests fewer trades, indicating that traders may be waiting for further signals before taking action.<\/span><\/p>\n

The market sentiment is cautiously optimistic. The sharp price rise shows bullish momentum, but the consolidation phase signals a period of uncertainty. Hence, traders are likely watching for either a breakout or a retracement.<\/span><\/p>\n

OnlyUP ($UP) shows potential for growth and community engagement, backed by its structured tokenomics. The recent price movement reflects a bullish trend, but the current consolidation phase requires careful monitoring. Moreover, the project’s focus on charity adds an extra layer of value, though future price action will depend on market dynamics and external factors.<\/span><\/p>\n

2. Fuse Token (FUSE)<\/b><\/h3>\n

The Fuse Token (FUSE) is currently priced at $0.0133, with a market cap of $10.22K and a 24-hour trading volume of just $0.6725. Notably, there has been a significant increase in trading activity, with volume rising by 30,916.77% over the last day. The total circulating supply is 770.01K FUSE tokens, matching its maximum supply.<\/span><\/p>\n

A closer look at the recent price movements shows a sudden and sharp decline, as illustrated by a large red candlestick on the 15-minute price chart for the FUSE\/USD pair. Initially, the price peaked at $0.01440 before dropping steeply to $0.00004295 in a single candlestick, signaling a massive drop. Since then, the price has recovered slightly to $0.01332, marking a 7.51% drop overall.<\/span><\/p>\n

\"FUSE<\/p>\n

The extended red wick indicates high volatility, as the price momentarily hit extreme lows before bouncing back. However, this significant price movement happened with a very low trading volume (just one trade), which suggests a lack of liquidity in the market. In low-volume environments like this, even a small number of trades can create dramatic price swings.<\/span><\/p>\n

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Fuse has integrated with @Orbiter_Finance<\/a>'s decentralized cross-rollup bridge! 🛸<\/p>\n

You can now bridge $ETH<\/a> and $USDC<\/a> to Fuse with fast, cheap and transparent cross-chain transfers across 50+ L2s.https:\/\/t.co\/UBLpeVkjJt<\/a><\/p>\n

— Fuse Network (@Fuse_network) September 20, 2024<\/a><\/p><\/blockquote>\n