Blockchain

Top Trending Crypto Coins on DEXTools – GROK, Coldstack, ValleyDAO Token

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The global cryptocurrency market cap has risen to $1.41 trillion at the time of this report. It indicates a slight uptick of 0.62% over the last day. Consequently, the top-trending coins on DEXTools gained leverage to acquire more gains.

However, the total crypto market volume dropped 12.10% in the past 24 hours, totaling $45.36 billion. DeFi contributed $4.65 billion within this volume, constituting 10.26% of the total crypto market activity. Meanwhile, stablecoins maintained a significant presence, recording a volume of $41.72 billion, representing 91.97% of the entire crypto market’s 24-hour volume.

On the stock market scene, most Gulf stock markets closed higher on Tuesday, driven by a surge in oil prices amid expectations of extended and deeper output cuts by the OPEC+ producer group.

Oil prices, a pivotal factor influencing the Gulf’s financial markets, saw a 1.1% increase on Tuesday, reaching $80.82 a barrel for Brent crude at 1240 GMT. OPEC+, consisting of the Organization of the Petroleum Exporting Countries (OPEC) and allied nations, is scheduled to convene a ministerial meeting on Thursday to deliberate on production targets for 2024.

In Dubai, the benchmark index (.DFMGI) secured gains for a third consecutive session, concluding 0.4% higher, with nearly all sectors exhibiting positive momentum. Emaar Properties (EMAR.DU), a prominent real estate developer, surged by 2.7%, while Emirates NBD (ENBD.DU), the largest lender in Dubai, climbed by 1.1%.

Abu Dhabi’s benchmark index (.FTFADGI) experienced a 0.3% rise, supported by a 1.1% increase in conglomerate Alpha Dhabi (ALPHADHABI.AD) and a substantial 1.8% surge in Abu Dhabi National Oil Company for Distribution (ADNOCDIST.AD).

Saudi Arabia’s benchmark index (.TASI) bounced back, gaining 0.2% after the previous session’s losses. The upswing was bolstered by increased energy, finance, healthcare, and materials performance.

Top Trending Crypto Coins on DEXTools

Lumi Rental (4262. SE) saw a rise of 2.4%, and Dr Sulaiman Al Habib Medical Services (4013. SE) climbed by 3.7%.

In contrast, the Qatari index (.QSI) continued its downward trajectory for a fifth consecutive session, closing 0.2% lower. Industries Qatar (IQCD.QA) faced a decline of 0.9%, while Qatar Navigation (QNNC.QA) experienced a notable 2.7% drop, contributing to the index’s decline.

1. GROK (GROK)

The value of GROK, a token inspired by Elon Musk’s OpenAI competitor, surged by more than 25.65% within a 24-hour, accompanied by a daily trading volume of approximately $20 million. It has been in a constant race to become a top-trending cryptocurrency.

GROK’s fully diluted market cap reached $48 million just days before the complete launch of Grok AI, an AI-powered chatbot poised to rival OpenAI’s chatGPT. It’s important to clarify that GROK and similar cryptocurrencies have no affiliation with Musk’s AI initiative.

After Musk’s announcement on November 4, anonymous and pseudonymous developers created several GROK-themed coins. Collectively, these coins experienced a staggering rally of over 30,000% at a certain point.

By November 13, GROK’s market cap had surged to as high as $120 million but suffered a substantial decline after crypto investigator ZachXBT posted findings connecting previous fraudulent projects to this AI token. This led to significant “FUD” (fear, uncertainty, doubt) surrounding the coin and its unidentified developer.

In response, supporters and backers congregated on an X Spaces platform to counter ZachXBT’s claims, asserting that the crypto investigator had disseminated inaccurate information about GROK and its creator.

Musk announced that his Grok AI would be accessible to all X premium users between November 26 and December 2, 2023. Despite being tangential to mainstream AI endeavors, AI-based crypto tokens have emerged as a trending topic among digital asset participants, amassing over $6 billion, per CoinGecko data.

2. Coldstack (CLS)

Coldstack (CLS), a prominent cryptocurrency, has exhibited a staggering surge in value, reaching $0.214732 today with an impressive 24-hour trading volume of $2 million. This surge marks an incredible 199.13% increase within the last day and an outstanding 434.14% surge over the past seven days. Coldstack has a circulating supply of 18 million CLS tokens, with its current market cap at $3.85 million.

CLS price chart

The all-time high for Coldstack (CLS) is $6.46, recorded on May 15, 2021, over two years ago. The current price marks a substantial decline of 96.77% from the all-time high. Conversely, the all-time low for Coldstack (CLS) occurred at $0.03684638 on Oct 08, 2023, approximately two months ago. This represents a significant 466.71% surge from the lowest price point to the current value.

In the past seven days, Coldstack (CLS) has significantly outperformed both the global cryptocurrency market, which experienced a 4.20% increase, and similar Ethereum Ecosystem cryptocurrencies, boasting a 12.70% uptick, by showcasing a remarkable 434.10% surge in its price.

Today, the community’s sentiment surrounding Coldstack (CLS) appears overwhelmingly positive. More than 88% of users express bullish sentiments, reflecting a strong positive outlook for the token’s future trajectory.

Coldstack (CLS) continues to demonstrate robust growth, characterized by its recent surge in value. It positions itself as a noteworthy player within the cryptocurrency landscape, with optimistic sentiments among its users.

3. ValleyDAO Token (GROW)

ValleyDAO (GROW) is currently priced at $0.479133 with a 24-hour trading volume of $631,398. Over the last 24 hours, its price has seen an impressive surge of 186.30%. With a circulating supply of 6.4 million GROW tokens, ValleyDAO’s market cap is valued at $3.65 million.

The all-time high for ValleyDAO (GROW) stands at $0.622362, recorded on Nov 28, 2023, approximately 1 hour ago. Comparatively, the current price registers a decrease of 7.84% from the all-time high.

GROW price chart

ValleyDAO’s all-time low was documented at $0.152417 on Nov 22, 2023, exactly seven days ago, showcasing a significant increase of 276.32% from the lowest price point to the current value.

The reported price performance of ValleyDAO (GROW) over the past seven days must be provided in the current information available.

The community sentiment towards ValleyDAO today indicates bullish behavior, although the percentage mentioned exceeds the standard limit of 100% for sentiment measurements.

What Might Be The Next Top Trending Crypto?

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Investing in Wall Street Memes goes beyond financial considerations; it’s an opportunity to participate in a movement blending humor, community solidarity, and economic empowerment. The echoes of GameStop Memes resound in every token burn and charitable initiative, emphasizing the community’s collective voice in shaping the coin’s path. In the dynamic realm of cryptocurrency, Wall Street Memes stand out as a guiding light, intertwining historical homage with community involvement, driven in part by the enduring influence of GameStop Memes.

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