Most Trending Cryptocurrencies on Polygon – Fuse Token, Tremendous Ineffective Token, dHedge DAO Token

Lending charges on Bitfinex have seen a pointy rise, with a number of orders right now reaching a formidable 30% APR (annual proportion price). This surge in rates of interest, particularly for USD loans, is being interpreted by many within the crypto neighborhood as a bullish indicator.

Moreover, knowledge from the blockchain analytics platform Santiment reveals a big uptick in whale exercise throughout numerous altcoins over the previous week. As such, tokens on a number of blockchains have posted rallies. This text curates the top trending cryptos on Solana Chain today.

Most Trending Cryptocurrencies on Polygon

The present value of Fuse Token (FUSE) is $0.029, with a market capitalization of $61,670. In the meantime, Tremendous Ineffective Token (SUT) is valued at $0.0707 and has a market cap of $2.23 million, alongside a 24-hour buying and selling quantity of $68,300. The worth of dHedge DAO Token (DHT) stands at $0.0916, with a market capitalization of $309,040.

FreeDum Fighters (DUM), a current addition to the PolitiFi sector, brings a satirical and gamified perspective on the U.S. Presidential election. Moreover, Circle, a crypto firm, anticipates that the UK will introduce laws for stablecoins inside the coming months.

1. Fuse Token (FUSE)

Fuse Token (FUSE) is at the moment priced at $0.029 with a market capitalization of $61.67K. Over the previous 24 hours, buying and selling quantity has been $93.97, reflecting a modest 9.96% improve. The entire circulating provide of FUSE stands at 2.14 million tokens, which can be its most provide.

Trying on the value motion on October 23, 2024, the day began with a pointy upward motion round 8:00 AM. The token briefly surged to $0.02941 earlier than shortly dropping again to $0.02909. This fast spike, adopted by a swift decline, signifies a scarcity of sustained shopping for stress. Whereas the excessive value reached $0.02941, it was not maintained, and the value shortly retraced.

After this motion, the value stabilized round $0.02909, displaying restricted fluctuation and a return to low buying and selling exercise. The buying and selling quantity was additionally notably low throughout this era, with solely 12 models exchanged, reinforcing the view that the value change occurred in a low liquidity atmosphere.

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The sharp spike, adopted by an instantaneous reversal, is frequent in low-volume markets. It means that a couple of massive trades or potential whale exercise might have briefly moved the market. Nonetheless, the shortage of sustained curiosity from different merchants led to a fast value correction.

In conclusion, the general sentiment seems impartial to barely bearish. The worth motion, mixed with low quantity and weak follow-up shopping for, signifies that there’s restricted market momentum at the moment. Patrons appear hesitant to maintain greater costs.

2. Tremendous Ineffective Token (SUT)

Tremendous Ineffective Token (SUT) is priced at $0.0707, with a market cap of $2.23 million and a 24-hour buying and selling quantity of $68.3K. Over the previous 24 hours, the token has seen a 24.66% improve in worth. Presently, the circulating provide stands at 31 million SUT out of a most of 31 million tokens obtainable.

By way of value motion, the chart begins with restricted exercise early within the day, seemingly resulting from low buying and selling quantity or market curiosity. This era of inactivity is adopted by a pointy spike between 10:00 and 10:15, the place the value rose shortly from $0.07060 to a peak of $0.07220. Nonetheless, this surge was short-lived, as the value quickly dropped again to $0.07067. This sample suggests a flash pump, the place an preliminary wave of shopping for is adopted by quick promoting stress, inflicting the value to fall simply as swiftly.

After the spike, the value retraced to its earlier stage and stabilized round $0.07067, reflecting a scarcity of momentum to take care of the upward transfer. Buying and selling quantity remained low all through, with solely a small improve throughout the spike, which factors to a market with restricted liquidity.

The sharp actions and fast retracement point out that volatility is pushed by illiquidity, the place even small trades can have an outsized affect. This might additionally recommend doable whale exercise or market manipulation, as is usually seen in low-volume tokens the place a couple of massive gamers dominate the buying and selling.

3. dHedge DAO Token (PoS) (DHT)

dHedge DAO Token (DHT) is at the moment priced at $0.0916, with a market cap of $309,040. Over the previous 24 hours, it has seen a big value improve of 23.83%, with a buying and selling quantity of 8,130 and a circulating provide of three.40 million tokens out of the utmost obtainable provide.

An evaluation of the DHT/USD buying and selling pair on the 15-minute chart reveals a value improve of two.23%, bringing the value to $0.09167. This value motion passed off between 18:00 and 05:00, with a notable surge in quantity, peaking at 799 models. Probably the most vital value motion occurred between 02:00 and 03:00, suggesting robust shopping for stress throughout this era. The chart signifies a breakout sample with minimal resistance, permitting the value to rise sharply.

Quantity evaluation additionally reveals elevated buying and selling exercise, notably throughout the value surge. The very best quantity bars align with the strongest value actions, indicating potential institutional or massive purchaser involvement. That is supported by the concentrated quantity throughout the upward motion, which factors to real shopping for curiosity.

dHEDGE now fifth by TVL on @Optimism pic.twitter.com/6T3pxn2lP6

— dHEDGE (@dHedgeOrg) October 22, 2024

The dearth of great retracement following the preliminary value rise suggests robust holder conviction. Moreover, the timing of the value improve, which occurred throughout Asian buying and selling hours, might point out regional curiosity within the token.

What Would possibly Be The Subsequent Prime Trending Crypto?

FreeDum Fighters (DUM) is a brand new entrant within the PolitiFi sector, providing a satirical, gamified tackle the U.S. Presidential race. Launched just lately, this low-cap token permits holders to assist fictionalized political champions—Magatron and Kamacop 9000—whereas incomes rewards. The mission combines components of satire, staking, and neighborhood engagement, attracting consideration because the 2024 U.S. election nears.

In contrast to different politically-themed tokens like MAGA or TREMP, which are sometimes partisan and have a tendency to alienate some buyers, FreeDum Fighters goals for a broader attraction. It presents an exaggerated battle between two mechanized political figures, Magatron, a MAGA-inspired warrior, and Kamacop 9000, a social justice advocate. Traders can select sides and earn rewards, making it an interactive and playful method to politics.

FreeDum Fighters is easy.

MAGATRON 🆚 Kamacop 9000

1⃣ You purchase $DUM
2⃣ You select your candidate
3⃣ Vote in your candidate by staking $DUM
4⃣ Await debates to start pic.twitter.com/hK2O0pnLAf

— FreeDum Fighters (@Freedum_Fighter) October 22, 2024

The token’s presale, which began final week, has already raised over $244,000, with over 4.8 billion tokens offered. The ICO value for $DUM tokens is at the moment $0.00005, with 4 phases of presale deliberate, throughout which the value will improve steadily. The presale is accessible, with a minimal funding of $5, and helps numerous cryptocurrencies like ETH, BNB, and USDT. After the presale, the token shall be listed on decentralized exchanges (DEX), with a portion of the provision allotted for liquidity and staking rewards.

One among FreeDum Fighters’ key options is its staking protocol. Traders can stake their tokens in one among two swimming pools—both backing Magatron or Kamacop—and earn passive revenue.

Visit FreeDum Fighters Presale

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