Influence of Recent Market Trends on Cryptocurrencies
In the last 72 hours, the crypto market has been subjected to intense pressure from the bear, and several cryptocurrencies have lost most of their recent gains. There are fears that the ongoing pessimism in the market might result in the continued decline in the price of assets across various sectors. However, the price action of the Assets on the Solana chain deviates from the market’s overall performance.
Top Trending Cryptos on Solana
Over the weekend, BOME, one of the recently listed tokens on the Binance exchange, recorded over an 800% increase in price. The performance of the memecoins has generated intense debate across the market. And while that’s happening, several other trending cryptocurrencies post impressive numbers on the Solana Chain.
1. SafeMoon (SFM)
- The SafeMoon Protocol is a community-driven DeFi Token launched fairly to ensure equity among investors. Each trade triggers four straightforward functions: Reflection, LP Acquisition, Burn, and contribution to the Ecosystem Growth Fund.
- SafeMoon is valued at $0.00004223, with a 24-hour trading volume of $148,317. Its market cap and dominance figures are yet to be updated. Over the past day, the SFM price surged by 10.41%, showcasing its resilience in the market.
- SafeMoon achieved its peak price on Jan 4, 2022, hitting an all-time high of $0.003288. Conversely, its lowest recorded price was on Dec 16, 2023, plummeting to $0.00001590. Since the all-time high, SafeMoon’s price dropped to its cycle low of $0.00001590 but later peaked at $0.00008480. Market sentiment predicts a bearish trend, with the Fear & Greed Index registering 79, indicating extreme greed among investors.
- In the realm of DeFi Coins, SafeMoon holds the #459 spot in terms of market cap and #267 within the Binance Smart Chain sector. The token’s performance witnessed its best year in 2021, with a remarkable 38.16% price increase.
- 2022 proved the worst for SafeMoon, witnessing a staggering -90.51% price drop. SafeMoon’s yearly growth over the last four years averages 43.85%. SafeMoon tends to perform optimally in Q1, showing an average gain of 0.00%. On the other hand, it experienced its worst performance in the same quarter, with a loss of -38.60%.
- SFM tokens are tradable on various centralized crypto exchanges, with Gate.io emerging as the most popular choice. The SFM/USDT trading pair on Gate.io boasts a robust trading volume of $117,463 in the past 24 hours. In addition, MEXC and BitMart are also favored options among traders.
2. Book of Memes (BOME)
- BOOK OF MEME (BOME) is currently valued at $0.0199, showing a significant 49.35% price surge in the last 24 hours. Over the past week, the token has experienced a continuous upward trend in its price. With a circulating supply of 55 billion BOME tokens, its market capitalization is an impressive $1,096,897,564.
- This meme coin operates on the Solana Chain, aiming to revolutionize web3 culture by integrating memes, decentralized storage solutions, and degen shitcoin trading and gambling.
- BOME tokens are tradable on various centralized crypto exchanges, with Gate.io emerging as the preferred platform. The BOME/USDT trading pair on Gate.io boasts a substantial trading volume of $833,505,628 in the past 24 hours. In addition, KuCoin and BingX are also popular choices for trading BOME tokens.
- The recent surge in market activity is evident from the substantial increase in BOME’s trading volume. It reached $3,723,591,747 in the last 24 hours, marking a notable 188.00% rise compared to the previous day. This surge reflects growing interest and participation in the token, signaling potential bullish momentum in the near term.
3. SolTradingBot (STBOT)
- SolTradingBot is a groundbreaking platform poised to revolutionize the decentralized marketplace. It offers innovative features and solutions that redefine digital asset trading.
- Today, the live SolTradingBot price is $0.003493, with a 24-hour trading volume of $507,158. It represents a remarkable 26.12% increase in the last 24 hours, reflecting growing interest and participation in the platform.
- Despite its current CoinMarketCap ranking of #2964, SolTradingBot’s impact on the DeFi ecosystem is undeniable. Its innovative features and solutions are garnering attention from traders and enthusiasts alike.
- While the circulating and maximum supply of STBOT coins is unavailable, the platform’s commitment to transparency and user empowerment remains unwavering. Moreover, SolTradingBot is poised to shape the future of trading.
What Might Be The Next Top Trending Crypto
It’s only three days until the next stage of the TUK presale, and it’s been an exciting journey so far. The project cleared the first phase of the presale after it surpassed the $3 million milestone. The target is the new hard cap, which is $7 million, after which the token goes on exchange.
What sets eTukTuk apart from other projects launched in this bull market is that it takes advantage of the current market trends, and its potential to outlive the trend is equally very high. Firstly, it’s a utility-based project, particularly one aimed at disrupting transportation in the developed world. We’ve seen what Web 2 achieved with platforms like Uber, and with the democratized power of blockchain, one can only imagine what’s possible in the future.
The TUK token price at presale is $0.028 to make it affordable. As soon as the next stage of the presale offering launches, there’ll be an increase in the price. Buying early means getting a chance to participate in the discount. The complete guide on how to buy and what the project entails are available on the presale page.
