A lot is currently going on in the crypto market. It is fighting back hard against the strong tide of a bear market. Regular cryptocurrencies are swinging in every direction too. Most of them are oscillating between the green and red zones as they try to find their balance.
The global financial situation is also exerting various levels of pressure on the crypto market. Although investors in the US and parts of Asia have more funds available to invest in crypto, it is not the same in Europe.
This equally affects the rate at which assets spring up on DEXTools and how hot they are. The trending cryptos on DEXTools today are a mixture of old and new crypto assets and we will examine just a few of them.
Top Trending Crypto Coins on DEXTools
1. 4CHAN (4CHAN)
The 4CHAN website runs an imageboard and it is mostly used by young men. According to official statistic, the average age group that uses the platform are between 18 to 25. Nevertheless, there are many reports of teenagers using the platform.
4CHAN is an image-based board for anyone at all to post their comments and share various images. There are different boards on the website focused on different topics ranging from games, music, and animation to photography. Users don’t have to register to use the platform.
It was created as a response to the Japanese 2Chan website and for discussing animations. It has now increased to include boards that focus on other topics and are directly accessible to all visitors. The website is equally a source to get lots of internet memes relating to anything. Due to this, the platform has also been at the center of several controversies regarding teenagers’ safety.
The platform has developed a native token that it uses to create engagements within the community of its users. The token is up by 50.76% today. This might indicate that the community and its native token are gaining traction.
Investors who want a piece of some intriguing platform might want to invest in this. Restricted platforms gain much traction because of their sense of exclusivity. This will bring in many returns in the future and the 4CHAN might become a top trending crypto in the future.
2. Pepe (PEPE)
Pepe (PEPE) is an old-timer and not new to trending at the top of the chart. The coin has jumped by up to 10% today already as it sold at $0.000000932791 when the general crypto market had a 2% earlier.
Although PEPE suffered a hit over the past few days, this might mean the memecoin is getting back up. It was also one of the coins most hit by the US SEC’s swoop on the market last week. Seeing that the coin was under heavy selling pressure for days now, it might be rallying and trying to recover. The possibility of this has been heightened by the fact that its trading volume in the last 24 hours has risen over $100 million today alone.
The nature of PEPE as a memecoin means there is no standard holding up its price rather than the community built around it. These are just holders who bought it and are pushing to see its price rally. Indicators, however, reveal that today’s rally might continue throughout the weekend and possibly longer. This is because the asset’s relative strength index has jumped from 30 to 50.
New investors are encouraged to take part in this new push to get PEPE up again. The return from the memecoin remains as alive as it was when it launched. From now on, we should continue to see PEPE as one of the most trending cryptos.
3. MongCoin (MONG)
MongCoin has been a low-risk investment according to analysts. InvestorObserver has a system to gauge the malleability of tokens through the analysis of the money required to change its price over the course of 24 hours. It also takes into account the latest changes in its market capitalization and trading volume.
The gauge is calibrated from 0 to 100 where low scores indicate that the token in question has high risks while high scores show that the token has low risk.
With MONG’s current score of 76, it shows that the token is currently a low-risk asset and investment. Investors concerned with assessing risk will consider the score quite useful so they could avoid other risky investments.
The crypto asset now has a market capitalization of over $8 million while it had a trading volume worth over $5 million in the last 24 hours. Its price shift in the last few days has terminated it having low-risk investment at this time.
Investors who are yet to take advantage of the current low-risk state of the MONG token should do so now. It has shown signs that it will be the most trending crypto in the coming days or weeks.
What Might Be The Next Top Trending Crypto?
While several crypto assets flash across DEXTools and swap positions rapidly, there are others still having their presale and are doing equally well. In fact, the reception given to certain coins in their presale phase these days has been unprecedented.
An important one to consider here is Wall Street Memes (WSM).
It is a new and innovative memecoin that plans to leverage the power of the retail community. It seems to already be ahead of the curve and marking success while at it. The Wall Street Memes presale began a few weeks ago but it has now raised more than $7.8 million. In fact, it is now closer to $8 million than ever. Investors are displaying more eagerness than ever before to get this WSM token especially now that its momentum is so high.
Right now, the token sells for $0.0292 and there is no minimum or maximum level of investment required.
The way the presale was organized and how it appealed to the market has drawn lots of investments in the way of the project. This has led people in their thousands to sign-up for the project’s Telegram channel and to take part in its community.
Importantly, the Wall Street Memes project has been able to capture the attention of some crypto influencers in the community. One of them is Zach Humphries who has declared that he is bullish about the prospects that WSM holds.
These said prospects cannot be divorced from the scale and activities of the Wall Street Memes vibrant community. This community now has close to 1.2 million members. While at that, social media posts about the token and its platform have had at least 40 million impressions every month since the project began.
As a result of all these, the momentum built around the Wall Street Memes project can be felt directly at every turn. This indicates that WSM is on the path to riding on the wings of the community and blowing up as soon as it gets launched on exchanges.
There are lots of other utilities and benefits to be derived from the WSM token once it is bought. Investors who are yet to take advantage of the presale should do so now at the best price available before the next stage increase.
Visit Wall Street Memes.
Wall Street Memes – Next Big Crypto
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