The Three Most Popular Cryptocurrencies On The Ethereum Chain Right Now
Trending cryptos on the Ethereum chain show a market attempting to overcome the slump. The noteworthy quantity of daily movers and their percentage increases imply hope for the cryptocurrency market’s future.
The Ethereum chain is seeing a surge in the most popular cryptocurrencies on DEXTools, amidst the ever-changing landscape of the cryptocurrency industry. We’ll focus only on a few of these among all of this activity. We’ll also look at how they’ve performed in comparison to the larger crypto market and identify the exciting opportunities they present.
Today’s Top Trending Cryptocurrencies on Ethereum Chain
A number of cryptocurrencies have seen notable swings today as the market seeks to recover from the recent decline. After a recent dip, Bitcoin has experienced downward pressure and is now stabilising at $43,392.09. Tokens that deviate from the general market pattern, such as the Aurox Token, Cellframe, and Gigantix Wallet Token, exhibit bullish patterns.
The varied paths of these cryptocurrencies highlight the significance of keeping a broad view on the market, even while Bitcoin continues to be a critical indication of sentiment in the market.
1. GTX, the Gigantix Wallet Token
Blockchain technology is used by Gigantix Wallet Token (GTX) to provide users with a decentralised digital currency and safe transactions. Furthermore, the technology uses NFC-enabled cards to convert regular cards into safe, cold wallets. The goal of this project is to combine cutting-edge security technologies with intuitive design to completely transform digital asset management.
To further address security concerns, Gigantix Wallet successfully combines encrypted PIN with SODEP. The combination of this multi-layered strategy with regular cards’ built-in security safeguards ensures that users’ private information is fully protected.
On decentralised exchanges, GTX tokens can be exchanged. Furthermore, the most often used marketplace for purchasing and trading Gigantix Wallet is Uniswap V2 (Ethereum). In the previous day, the most traded pair, GTX/WETH, saw a trading volume of $98,855.04.
Gigantix Wallet is currently selling for $0.029137, with a $110,497 24-hour trading volume. In the previous day, there was a notable 50.68% spike in it. On December 10, 2023, Gigantix Wallet reached its highest recorded price of $0.049188. On December 2, 2023, it was at its lowest price of $0.002389.
With a current score of 61, the Fear & Greed Index suggests that investors are feeling greedy. This indicates that investors have a propensity to show greater assurance and hope for the market. resulting in a rise in purchasing activity.
2. The CELL (Cellframe Token)
The blockchain platform Cellframe is designed to provide services with a layer-1 network that is resistant to quantum errors. Post-quantum, or quantum-resistant, algorithms defend against attacks from quantum computers, which are more potent than even the most advanced supercomputers available today. Post-quantum encryption is therefore the industry standard for excellent security.
A multi-channel, quantum-resistant blockchain that supports several keys and signing techniques is called Cellframe. Because it was created from the ground up in simple C, it used CPU and memory effectively. Furthermore, Cellframe’s scalability and performance satisfy the needs of enterprise solutions as well as the public blockchain market.
Additionally, Cellframe has smart contracts built in that communicate directly with operating system resources. Cellframe may use internet channels, processing power, and disc space for business logic thanks to this capability.
Moreover, Cellframe’s native token is the CELL token. It fulfils a number of functions, including proof-of-stake consensus rewards, leasing, and auction participation in Cellchain.
Cellframe Token’s price ranges from $0.00 on May 10, 2021 to $7.24 on March 25, 2021, the highest and lowest, respectively. As of right now, there is bullish feeling surrounding Cellframe Token; the Fear & Greed Index is showing 61 (Greed).
Cellframe Token saw its greatest growth in 2023, rising by 66.23%. On the other hand, 2022 witnessed the lowest performance, falling -83.40%.
Over the previous four years, Cellframe Token has grown by -24.49% annually on average. It usually performs worst in Q2 with a loss of -67.74% and best in Q1 with an average gain of 90.26%.
3. The AUROX Token
On the decentralised network Aurox (URUS), users can lend and borrow cryptocurrency at a low cost. The project also provides margin financing, which enables customers to borrow money for investments, and speeds up trade.
The platform also seeks to address problems related to Defi loans. To get around the drawbacks of decentralised exchanges, it does this by combining the margin borrowing and lending markets of the exchange with Defi.
While DEX transactions might take longer to record and update on the blockchain than fiduciary loans, fiduciary lending frequently depends on sluggish and expensive smart contracts. Losses for traders and unsuccessful deals could result from this.
Furthermore, Aurox makes use of its knowledge to maximise DEX execution. For the advantage of traders, it also provides tools including news feeds, customisable workspaces, trade alerts, and indicators.
Lenders receive interest on their capital when they lend cryptocurrency to borrowers on margin at competitive rates on the Aurox platform. On each trade, lenders and borrowers pay a fee of 0.15%. A 10% margin fee is further assessed to borrowers in addition to this price. However, borrowers can expect better returns than the paying interest.
Furthermore, the coin complies with ERC-20 token specifications and functions as the Aurox platform’s utility token. In addition, holders of URUS tokens get a 20% yield boost on lending the tokens and a 50% reduction on trading and margin costs. Token holders also earn incentives for trading competition participation and referrals, in addition to staking rewards for owning Aurox tokens.
At the moment, four trading pairs across three cryptocurrency exchanges are used to trade Aurox. With a trading volume of $27,405, URUS/USDT is the most traded pair on coin marketcap. Users can exchange Aurox with a variety of fiat currencies and stablecoins, such as USDT, in the interim.
Aurox, meanwhile, peaked on November 11, 2021, at $284.54, and fell to its lowest point on February 14, 2022, at $1.282580. Right now, there is a bearish price forecast sentiment for Aurox, with a 61 (Greed) Fear & Greed Index.
