Blockchain

Most Trending Cryptos on Ethereum Chain Today – Oinfinance, Wrapped Mistcoin, Hashpower AI

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The top trending cryptocurrencies on Ethereum today are relatively new, meaning the chain is regaining its position as the go-to platform for new projects. In the past, the Ethereum chain has been the home of some of the most innovative crypto projects. However, the rising gas fees have led to the need for less prominent chains to launch. 

At press time, ETH is making marginal gains as investors move away from fairer macroeconomic situations before making more moves in the crypto market. Many are equally betting on the halving event as one of the best catalysts for the entire crypto ecosystem. 

Most Trending Cryptos on Ethereum Chain 

On the other hand, investors are not ignoring the potential of meme coins in the ongoing price consolidation. The crypto category is known for offering hedging opportunities when the crypto market fails to settle for a specific direction. One of the trending ones is the Sponge V2 token, which is working on a new iteration of its progress. More details are included below. 

1. Oinfinance (OIN)

OIN Finance is currently trading at $0.144929, with a 24-hour trading volume of $3.84M. Its market cap is $4.78M, and it dominates at 0.00%. Moreover, OIN saw a remarkable 2,128.81% increase in the last 24 hours.

The token reached its highest price on Feb 18, 2021, hitting an all-time high of $1.119060. Conversely, its lowest price was recorded on Oct 19, 2023, at $0.000830. Despite this volatility, the current sentiment for OIN Finance is bullish, with a Fear & Greed Index showing 70 (Greed).

OIN Finance has showcased impressive performance metrics. Its circulating supply is 32.95M out of a maximum of 100.00M OIN. Last year, its price surged by 1,585%, outperforming 96% of the top 100 crypto assets, including Bitcoin and Ethereum. In addition, OIN trades above the 200-day SMA and is currently near its cycle high. It indicates robust market activity and investor interest.

OIN Finance is a DeFi platform offering liquidity mining and a decentralized exchange. Moreover, it plans to expand to other leading platforms through cross-chain functionality. Its best-performing year was 2021, witnessing a 433.22% price increase, while its worst-performing year was 2020, with a -95.00 -95.00 % drop in price. However, its average yearly growth over the last five years is 52.55%.

OIN Finance typically experiences its most robust performance in Q1, where it averages a gain of 293.64%. Conversely, Q2 tends to be its weakest period, with an average loss of -65.66%. Overall, OIN Finance demonstrates strong potential for growth and resilience in the dynamic cryptocurrency market landscape.

2. Wrapped Mistcoin (WMC)

MistCoin, the groundbreaking ERC-20 prototype, debuted on Nov 3, 2015. This launch coincided with the introduction of Ethereum’s custom token system within the Mist Wallet. Ethereum luminaries Fabian Vogelsteller and Alex Van de Sande led the project.

Its launch catalyzed the deployment of numerous token contracts with identical codes. Wrapped MistCoin (WMC) was introduced to streamline the trading and utilization of MistCoin (MC) according to standard cryptocurrency protocols. It aligns with Ethereum’s method of handling historical assets.

WMC_price chart

Similarly, established digital assets like CryptoPunks and CryptoKitties underwent a comparable wrapping process for modern use. WMC/MC conversion is freely executable, ensuring a 1:1 ratio at any time.

Wrapped MistCoin (WMC) is priced at $30.25, reflecting a 209.78% surge in the last 24 hours. In addition, it has experienced a substantial 151.73% spike over the past week.

However, specific data on WMC’s market cap remains unavailable due to undisclosed circulating supply. Despite this, the token has shown impressive performance, exceeding the broader cryptocurrency market’s decline of -6.70%. In addition, it has outpaced similar Ethereum Ecosystem cryptocurrencies, which have experienced a modest 12.70% increase.

Trading primarily occurs on decentralized exchanges, with Uniswap V2 (Ethereum) emerging as the favored platform for WMC trading. The most active trading pair, WMC/WETH, recorded a notable trading volume of $2,355,713 in the last 24 hours.

This surge in trading activity is reflected in WMC’s overall trading volume, which spiked by an impressive 10,666.10% over the previous day. This increase signals heightened market engagement and growing interest in Wrapped MistCoin.

3. Hashpower AI (HASH)

HashPower AI introduces a unique opportunity for users to engage with its platform. It offers the option to rent either a node or a server. It allows users to access and utilize computing power and resources tailored to their requirements.

Currently priced at $0.1084, HashPower AI (HASH) has experienced a significant surge in value. It includes a remarkable 209.58% increase in the last 24 hours and an astounding 2,000.33% surge in the past week. Despite the volatile nature of the global cryptocurrency market, HashPower AI has demonstrated exceptional performance. It has outperformed the market downturn by a substantial margin.

HASH_price chart

With a remarkable 2,000.30% increase in the last seven days, HashPower AI (HASH) has outpaced similar Ethereum Ecosystem cryptocurrencies. Meanwhile, these other cryptocurrencies have seen only a modest 12.70% increase. This remarkable performance highlights the strong demand and growing interest in HashPower AI within the crypto community.

HASH tokens are readily tradable on decentralized exchanges, with Uniswap V2 (Ethereum) being the most popular platform for buying and trading HashPower AI. The most active trading pair, HASH/WETH, boasts a trading volume of $239,651 in the last 24 hours.

The recent surge in trading activity, indicated by the 80.30% increase in trading volume from the previous day, suggests a growing market engagement. This uptick in activity reflects heightened interest in HashPower AI within the cryptocurrency community. Meanwhile, the heightened interest in HashPower AI suggests investors increasingly recognize its value proposition.

What Might Be The Next Top Trending Crypto

In today’s crypto market, it’s more likely to win with newer crypto coins than with more established assets like Ethereum and Bitcoins. Investors who held ETH in the recent bull market ended up underperforming those who held strategic meme cryptocurrencies. An example is the Sponge token. 

The coin did over 200% between its launch date and ATH. Besides, its potential for further upside remains significantly high. One of the core factors that contributed to the dramatic rise of the Sponge token is the reputation of the V1, which did over 100 million at its ATH and the time of the V2 launch. The team launched the project when the Bull market was about to reach its total velocity. 

Thus, the Sponge V2 token posted over $250 million market cap at its peak, making it one of the best-performing assets in the bull market. More importantly, SPONGE is kicking into a fresh round of bull run, particularly after the announcement of the P2E gaming feature. The feature is expected to create more demand for the underlying asset of the project, the SPONGE token. 

Hence, holders of SPONGE would likely see an increase in the value of their assets. In addition, there are speculations about the return of the bull market after the Halving event. With that, progressive mem coins like SPONGE are already positioned to become the top trending cryptocurrencies in the market. 

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