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Bitcoin’s value and demand are gaining momentum, reflecting traits noticed throughout the 2016 U.S. presidential election. For the upcoming 2024 election, betting markets at the moment estimate former President Donald Trump’s re-election probabilities at 66.5%. This has sparked optimism amongst buyers, with expectations of regulatory shifts that could possibly be favorable for Bitcoin fueling a bullish market sentiment.
As curiosity in Bitcoin grows, current investments in Bitcoin exchange-traded funds (ETFs) are including to the cryptocurrency’s upward development. Furthermore, tokens on a number of blockchains have posted rallies. This text curates the most trending cryptocurrencies on Polygon.
Most Trending Cryptocurrencies on Polygon
The Fuse Token (FUSE) is valued at $0.033 and has an estimated market cap of $67.31K. Masks Community (PoS) is priced at $3.168, with a market capitalization of roughly $316.98 million. Presently, Elk (ELK) is priced at $0.107, has a market cap of $1.73M, and reveals a 24-hour buying and selling quantity of $7.38K.
In the meantime, the meme coin Flockerz ($FLOCK) has shortly gained consideration, elevating $1.15 million throughout its preliminary coin providing (ICO). In different information, crypto firm Consensys introduced a 20% workforce discount, citing considerations over regulatory uncertainty.
1. Fuse Token (FUSE)
The Fuse Token (FUSE) is at the moment priced at $0.033, with a market cap of round $67.31K. Its 24-hour buying and selling quantity stands at $3.27K, reflecting a rise of 112.86% over the previous day. FUSE has a circulating provide of two.03 million, which has reached its most restrict.
On the 15-minute timeframe on DEXTools.io, the FUSE/USD chart lately confirmed a robust breakout after an prolonged interval of low exercise and secure pricing. The value surged from roughly $0.014 to $0.033 in a collection of huge inexperienced candles. The newest interval signifies a slight acquire of 0.77%. This sharp value improve displays renewed curiosity, and it’s now adopted by a quick consolidation part across the $0.033 mark.
The FUSE/USD pair noticed a major rally with fast upward motion, suggesting renewed shopping for curiosity. This transfer started simply after 11:00 and is clear in a sequence of inexperienced candles. The value now consolidates across the $0.033 stage, hinting at potential stabilization. Accordingly, the buying and selling quantity spiked, indicating substantial purchase orders coming into the market. The quantity’s improve aligns with the worth motion, which helps the power of the breakout, as increased buying and selling exercise typically backs a brand new value development.
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After the rally, the worth started a interval of consolidation marked by smaller candles and decreased quantity. This part suggests a steadiness between patrons and sellers, with some possible taking income. A single crimson candle hints at a slight pullback however doesn’t but counsel a full reversal.
2. Masks Community (PoS) (MASK)
Masks Community (PoS) is at the moment priced at $3.168 and has a market cap of $316.98 million. Over the previous 24 hours, the token’s buying and selling quantity has reached $17.9K, with a 35.32% value improve. The utmost circulating provide is 100 million MASK cash.
The current value chart highlights fluctuations with temporary uptrends and downtrends. Following these shifts, the worth stabilizes inside a spread of $3.05 to $3.25. This exercise reveals each patrons and sellers actively testing value boundaries.
Initially, Masks Community noticed a small rally to $3.17. This was adopted by sideways motion with combined crimson and inexperienced candles, which suggests indecision amongst merchants. Round noon, the worth briefly declined to $3.05 however then rebounded above $3.15. This restoration signifies some shopping for curiosity at decrease ranges. Later, the worth barely retraced to almost $3.22, signaling potential resistance at this stage.
When it comes to quantity, an early improve matched the preliminary upward value motion, indicating shopping for stress. Afterward, quantity remained regular, with occasional spikes throughout bigger value swings. A noticeable peak in quantity coincided with the noon low, the place shopping for on the assist stage appeared to push the worth again up.
The chart reveals combined market sentiment, reflecting each bullish and bearish indicators. The early rally and noon restoration trace at cautious optimism, whereas frequent pullbacks counsel ongoing promoting stress. The minor retracement round $3.22 could sign some resistance, resulting in slight consolidation.
3. Elk (ELK)
Elk (ELK) is at the moment priced at $0.107, with a market cap of $1.73M and a 24-hour buying and selling quantity of $7.38K. Over the previous 24 hours, ELK has seen a notable 28.19% value improve. Out of its complete provide of 42.42M, roughly 16.13M cash are in circulation.
Not too long ago, ELK has proven a transparent upward development. Its value shifted from round $0.085 to about $0.108, suggesting a constructive momentum. This improve has since stabilized, sustaining its stage close to the current excessive.
When it comes to value motion, ELK’s worth was initially secure with low buying and selling exercise. Nonetheless, round noon, a pointy breakout occurred with a number of inexperienced candles pushing the worth considerably increased. The value peaked close to $0.1083, then entered a consolidation part with minor fluctuations. This sample means that patrons and sellers have reached a short lived steadiness of round $0.1078.
Alright! Right here we go! $ELK is now reside on @MEXC_Official!! Time to load up whereas it is sizzling. Extra large information coming quickly!https://t.co/lkObU2RNpv pic.twitter.com/XAoE514Yzq
— Elk Finance (@elk_finance) October 30, 2024
Quantity intently mirrored these value actions. Throughout the secure early part, buying and selling quantity was minimal. But, because the breakout started, quantity surged, indicating sturdy shopping for curiosity. This heightened exercise tapered off after the height, which is in step with typical consolidation phases when buying and selling slows.
Market sentiment seems bullish. The upward breakout and subsequent stabilization suggest that patrons stay in management. Notably, the absence of a pointy sell-off after the rise suggests restricted promoting stress. If shopping for curiosity resumes, the worth may proceed to development increased.
What Would possibly Be The Subsequent Prime Trending Crypto?
Flockerz ($FLOCK) is a brand new meme coin that has shortly gained traction, elevating $1.15 million in its ICO part. Regardless of a broader market slowdown, with most tokens down from final week, Flockerz reveals stunning momentum. This dip throughout crypto markets has stemmed from points like current arrests of scammers in Japan and large-scale asset liquidations, which have impacted token values.
Launched lately, Flockerz goals to face out within the crowded meme coin panorama. Traders can at the moment purchase $FLOCK tokens at $0.0058862, though costs are anticipated to rise quickly. When the presale wraps up, the token might be accessible on each centralized and decentralized exchanges. This publicity could increase Flockerz’s market presence. To make sure safety, Flockerz has additionally accomplished audits with Coinsult and SolidProof, which helps investor confidence.
The flock is so up 📈 it is placing us right into a meditative state! 🧘 pic.twitter.com/TmWTgJ2KVm
— Flockerz (@FlockerzToken) October 30, 2024
One distinctive function of Flockerz is its “Vote-To-Earn” system. Via FlockTopia, the challenge’s DAO, token holders can earn $FLOCK rewards by taking part in challenge selections. This enables customers to assist information growth, advertising and marketing, and token administration. By participating customers in selections, Flockerz distinguishes itself from many different meme cash.
Furthermore, $FLOCK holders can earn an APY of 1451% by means of staking. Nonetheless, returns are anticipated to lower as extra tokens are staked. Distinguished crypto influencers have endorsed Flockerz, highlighting its potential progress. Flockerz additionally has a rising presence on social media, with round 2.9k followers on X and 1.5k on Telegram, aiming for open communication with its neighborhood.
Learn Extra
Most Searched Crypto Launch – Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Quickly
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