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The price action of cryptocurrencies over the past few days has been quite unpredictable. With BTC prices fluctuating wildly between up and down in recent times, investors are considering a more conservative approach to investing. The worrying price movement is not limited to BTC. Several altcoins have posted double-digit price movements both up and down in the past 24 hours.
The Polygon network is among the networks that have a considerable number of winners and losers today. Today’s article analyzes the market data of some of the hottest tokens on the Polygon chain over the past 24 hours. Priority is given to tokens that are increasing in price to support their growing traction.
The hottest cryptocurrencies on Polygon
And in terms of traction, one of the fastest growing crypto presale projects is the Mega Dice token. Thanks to the casino industry, the DICE token presale offering saw an influx of up to $1.6 million, and this article covers the details of the token’s presale offering. It also shares information about the project and everything it offers to the crypto community.
1. Wisdom (WSDM)
Earlier this year, crypto-based AI projects dominated the market. Tokens like FET, AGIS, and many other cryptocurrencies in the category saw significant price increases that far outpaced the market.
However, with the current price correction, only a handful of AI projects are leading the list of gainers. Wisedomise is bucking the trend today by appearing on the Polygon Chain’s top gainers list. The project has seen a substantial price increase of over 50% in the last 24 hours and, at the time of writing, is one of the hottest cryptocurrencies on the Polygon Chain.
Wisdomise is an AI-powered trading and signals platform designed to provide investors and traders with better trading results. The platform offers traders several AI-powered trading services. Some of those outlined on its website include market scanners. The scanner allows users to receive updates on viable crypto projects that are trending without having to go through the hassle of going through an endless list of price data.
Is the cryptocurrency market recovering from the recent crash?
Here is the idea of the chatbot:
“The cryptocurrency market is showing signs of recovery, but significant volatility and potential for further declines remain, suggesting a cautious outlook for investors.”
What do you think?
Even if you… pic.twitter.com/W8A6MAhR6F
— Wisdomise AI (@wisdomise) August 6, 2024
Other tools reported by the project include the Signaler, which is designed to provide investors with updates on price data and trading opportunities. Some claim that the platform offers automated trading services to users. However, this article cannot validate these claims since the project is exclusively available to WSDM token holders.
At press time, WSDM has a market cap of $4.5 million, as reported by DEXTools. It also reportedly has over 5.6k holders. Despite being a relatively new project, WSDM has seen over $100k in trading volume today, which has given it the increased visibility it has seen today. As the week progresses, investors may see a shift in the performance of the WSDM token.
2. Patriot Pay (PPY)
Many investors believe that DeFi is one of the sectors that will lead the next leg of the cryptocurrency bull run. The facts behind these claims are becoming quite evident with the impressive price action of established DeFi projects like Aave and SNX and newer projects like Patriot Pay.
Patriot Pay is the new FJB token with a new vision of providing payment solutions to users through blockchain technologies. Following its rebranding, FJB tokens have been migrated to the PPY token with a 1:1 ratio.
Today, PPY posted a price of $0.0001255, making an increase of over 40% compared to its price in the last 24 hours. Furthermore, data from DEXTools shows that the new project has reached a market cap of $5 million despite its recent rebranding.
However, PPY still has a long way to go in terms of valuation. With a total supply of 40 million tokens, it will take some time before holders see a substantial increase in the asset’s value unless the team and community do the necessary work to promote the token.
Nonetheless, the visibility generated by its price improvement and the token’s presence on the trending list could give it the fuel it needs to unlock the traction it needs for further upside. In the meantime, investors can include the PPY token on their watchlist to track performance in the coming days.
3. GOON (GOON)
The Polygon network is one of the most versatile Layer 2 platforms on the Ethereum blockchain. Therefore, it is easy to find projects from almost every sector of the crypto market deployed on the chain.
The Polygoons project aims to build a social layer for the Polygon Agglayer community. The project website aims to give visibility to the Polygon network and all the services that Polygon offers.
At press time, GOON has over 1,685 holders and Polygonscan reports over 46,000 completed transactions, which is a solid start for a project that has only been on the market for a few days. The project’s market cap is equally impressive, valued at $2.78 million, despite the 1 billion token supply.
It is quite difficult to predict the prospects of the GOON token, as the available market data regarding the project is relatively negligible. Nevertheless, GOON’s chart shows further upside potential, and the increasing number of holders entering the project also shows that it might be able to keep its price rising.
Moreover, the social networking space of the cryptocurrency market is still evolving. Therefore, as the project reaches critical mass, investors might see more of its potential and follow its growth. Thus, GOON is expected to attract investors as it maintains its status as one of the trending tokens on the Polygon chain.
What Could Be the Next Hot Cryptocurrency
The casino industry is one of the sectors that is experiencing natural growth, and participants often jump through hoops to participate in their favorite games. Interestingly, it is also among the fastest-growing sectors in crypto, with a handful of projects leading the race.
Thanks to the Telegram ecosystem, blockchain-based casino projects now find an easily accessible market for their products and services. This explains the rapid success of Mega Dice Token.
The project launched the DICE token presale offering and within a few weeks, it secured nearly $1.6 million in presale funding. In addition to receiving impressive investor traction, Mega Dice also saw an increase in social engagement, especially among investors on its waitlist.
The Mega Dice brand is known for its success in the casino industry. Before joining the crypto ecosystem, Mega Dice built a successful online casino business with thousands of monthly users.
Its foray into blockchain is an opportunity for crypto investors to participate in the brand’s success. According to Mega Dice’s website, the platform sees over $50 million in monthly stakes, giving it the liquidity it needs to drive the brand to greater success.
Currently, DICE is available for investors and its price is $0.105266. The window to take advantage of the ongoing pre-sale discount is gradually coming to an end. The countdown shows that there are about 12 days left until the next price increase.
In addition, the pre-sale offer of the Mega Dice Token The project comes with a staking opportunity, which allows investors to earn more Dice tokens on the staked asset. Details of the staking offer are available on the project’s presale page, and additional information is constantly being posted on the project’s Twitter account.
Visit the Mega Dice pre-sale
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