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Several AI-based digital asset projects have seen notable growth in the current crypto market cycle. Leading the pack are Near Protocol (NEAR), Render (RENDER), Filecoin (FIL), Livepeer (LPT), and Bittensor (TAO).
At the same time, a number of layer 1 (L1) blockchain protocols have established themselves as key players in the decentralized space, offering distinct solutions and supporting a variety of blockchain applications. These L1s operate independently, handling transaction validation and execution without the need to rely on external networks.
Although Ethereum continues to dominate the market, other protocols such as Injective (INJ), Kaspa (KAS), Celestia (TIA), Sui (SUI), and Sei (SEI) have gained considerable momentum. In the meantime, this article focuses on top trending cryptos on Solana Chain today.
Top Trending Cryptos on Solana Chain Today
NOTDOG is currently valued at $0.0000303, with a market cap of $2.99 million and a 24-hour trading volume of $4.89 million. Similarly, PEPA THE PIG is priced at $0.000123, with a market cap of $98,640 and a trading volume of $721,390 over the last day. On the other hand, The World’s Smallest Bunny (WSB) token is trading at $0.000921, with a market cap of $854,220 and a daily trading volume of $1.80 million.
Notably, WSB saw a sharp rise of 10,921.55% in the last 24 hours. Additionally, the recently launched Flockerz has already raised over $333,000, positioning itself as a notable competitor in the pre-sale market. In the meantime, Bitcoin on track for its strongest month of September to date as investors continue to monitor the broader economic outlook.
1. NOT DOG (NOTDOG)
NOTDOG is currently priced at $0.0000303, with a market cap of $2.99 million and a 24-hour trading volume of $4.89 million. This represents a significant increase of 179,116.84% in the last 24 hours. The circulating supply of NOTDOG stands at 100 billion coins, the total available supply.
At the start of the NOTDOG trend chart, trading volume was relatively high, coinciding with the sharp price swings. This increased activity reflects strong participation from buyers and sellers. Over time, the volume has declined, indicating reduced trading activity and a possible wait-and-see approach from market participants. Towards the end, a slight increase in volumes can be seen, reflecting renewed interest as the price shows signs of stabilization.
In the first phase of the chart, bullish momentum pushed the price higher, but this rise was quickly met with selling pressure, leading to a sharp pullback. Following this, the market entered a consolidation phase where the price remained relatively stable.
This period of weak price movement reflects traders’ indecision, as there is uncertainty over whether the price will rise again or continue to fall. The alternation of green and red candlesticks in the second half of the chart indicates mixed market sentiment, with no clear dominance of either buyers or sellers.
2. PEPA THE PIG (PEPA)
PEPA THE PIG is trading at $0.000123, with a market cap of $98.64K and a trading volume of $721.39K in the last 24 hours. Over this period, the token experienced a significant increase of 14,395.28%. Of the total supply of 800 million PEPA coins, all of them are currently circulating on the market.
The last recorded price of PEPA stands at $0.0001236, reflecting a modest increase of 0.20%. The price chart reveals an initial rise, marked by a large green candlestick, indicating strong buying momentum early on. However, after this brief upward movement, the price peaks and quickly encounters selling pressure. This is evident from the red candlestick at the highest point, which signals a reversal. Following this, the price enters a steady decline, with little recovery, eventually falling back to around $0.0001236.
Volume activity reflects this price movement. During the initial bullish surge, trading volume is high, suggesting significant market interest and active buyer participation. However, as the price begins to fall, the trading volume steadily declines. This suggests that traders close their positions or wait for other signals before making further moves in the market. The decline in volume during the downtrend reflects reduced market engagement.
3. The World’s Smallest Rabbit (WSB)
The World’s Smallest Rabbit (WSB) token is currently valued at $0.000921, with a market cap of $854.22K and a 24-hour trading volume of $1.80M, a sharp increase from 10,921.55% in the last 24 hours.
Furthermore, with 1.68K holders and a volatility rate of 22.5%, the market appears very dynamic, supported by a liquidity pool of $80.2K. Additionally, trading activity shows a total of 87 transactions, with notable interest in pooled tokens, including 254.66 SOL and WSB.
On the other hand, PEPA The Pig token is priced at $0.000123, with a market cap of $98.64K. The 24-hour trading volume saw a significant increase of 14,395.28%, reaching $721,39,000. In terms of supply, all 800 million PEPA coins are currently in circulation.
Additionally, an analysis of recent market activity shows that the token saw an initial price rise due to increased buyer interest. However, it soon faced selling pressure, leading to a steady decline. Additionally, although volume increased initially, it decreased significantly as the price stabilized around the $0.0001236 level.
In comparison, the WSB token initially experienced periods of volatility with price fluctuations ranging between $0.0007 and $0.0009. A consolidation phase followed; however, a breakout occurred which pushed the price higher, signaling strong buyer interest. However, some profit taking took place, leading to a slight decline.
What could be the next hottest cryptocurrency?
Flockerz ($FLOCK) introduces a new approach to the coin space with its vote-to-win model and decentralized governance through Flocktopia, a decentralized autonomous organization (DAO). Launched recently, Flockerz quickly raised over $333,000, positioning itself as a potential player in the pre-sale market. Billing itself as “The People’s Meme Coin,” Flockerz offers both a unique community-focused governance model and significant staking rewards.
In Flockerz, the vote-to-win system allows all $FLOCK holders, known as “The Flock,” to actively participate in project decision-making via the Flocktopia DAO. DAOs, which run on blockchain technology, are governance systems in which participants can propose, debate and vote on key decisions, ensuring a decentralized and community-led process.
Flockerz encourages this governance model by rewarding voters with additional $FLOCK tokens. The more a holder engages in voting, the more they can win, thus promoting active participation and collective alignment towards the project’s objectives.
Of the 12 billion $FLOCK tokens, 25% is allocated to staking rewards. The staking model offers a return of 1,888% over two years, providing an attractive incentive for long-term holders. This system also aims to support the stability of the project by encouraging users to lock up their tokens, thereby reducing the circulating supply.
The herd is flying high! We have officially passed $300,000! pic.twitter.com/MsLc5PeoyX
– Flockerz (@FlockerzToken) September 28, 2024
An additional 20% of the total supply, or 2.4 billion $FLOCK tokens, is reserved for the ongoing presale. Investors can currently purchase $FLOCK at the pre-sale price of $0.0056785, although this price will increase slightly once the next level is reached. THE Flockerz The pre-sale structure provides early access and benefits to early backers.
Visit the Flockerz presale
Learn more
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