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Macroeconomic policies in the United States and Japan have fueled Bitcoin’s bullish momentum. The cryptocurrency’s price surged this week following interest rate announcements from the Federal Reserve and the Bank of Japan. After the U.S. Fed decided to cut interest rates, Bitcoin surged more than 11% by the end of the week, surpassing $62,000 for the first time in September.
Despite Bitcoin’s rise, 42 other cryptocurrencies have performed better than Bitcoin this year, with meme coins taking the lead. Data from Lookonchain shows that eight of the top ten performing tokens are in the meme coin category. As expected, some of these tokens are based on Ethereum. Therefore, this article curates the the most trending cryptocurrencies on Ethereum.
The hottest cryptocurrencies on Ethereum
DOGE (Department of Government Efficiency) has become a notable meme within the cryptocurrency community. Zegent, on the other hand, offers a range of AI-powered tools to improve efficiency while browsing the Web3. The platform is progressing according to its roadmap, with Phase 1, which included a beta launch, already completed.
Meanwhile, NYX Cipher is positioning itself as a one-stop platform for cryptocurrency research, providing users with tools that turn social media data into actionable insights. Pepe Unchained (PEPU) is quickly gaining traction in the crypto world thanks to its pre-sale and developer grant program. Meanwhile, Bitcoin is seeing a 5.5% weekly gain after the rate cut. MicroStrategy increases its BTC holdings.
1. Department of Government Efficiency (DOGE)
DOGE (Department of Government Efficiency) has become a notable meme in the cryptocurrency space. It started out as a humorous take on government inefficiencies. However, it has become a movement that is gaining popularity within crypto culture.
The meme, built on humor and satire, has grown beyond its roots. While many cryptocurrencies claim to be community-driven, few have garnered the attention DOGE has. Key figures in the meme industry, such as Doge Designer and Sir Doge CEO, have championed its rise and helped DOGE gain visibility on social media. What began as a playful dig symbolizes how internet culture and financial systems intersect.
Support from high-profile figures like Elon Musk, known for his influence in the cryptocurrency market, has further boosted DOGE’s notoriety. Musk has described DOGE as the “next evolution of efficiency.” This and mentions from public figures like Donald Trump have propelled the meme beyond crypto circles and into wider public awareness.
DOGE’s live price is $0.0121 and its market cap is $11.85 million. The coin’s 24-hour trading volume is $5.24 million, which reflects a 21.09% increase in the last 24 hours. DOGE has a circulating supply of 979.13 million coins, which is its maximum supply.
In terms of market data, DOGE has shown considerable activity. Its liquidity stands at $808,000, with a volatility of 6.49%. Community confidence remains strong, with a high approval rating of 99.4%.
DOGE has surpassed its meme status to become an influential player in the crypto world. It is driven by community support and strategic recommendations. However, as with any meme coin, its long-term value remains uncertain.
2. Zegent AI (ZGEN)
Zegent offers a suite of AI-powered tools designed to improve the efficiency of Web3 browsing. Its browser-based agents provide support for various tasks. For example, the Etherscan agent simplifies blockchain transaction analysis, while the Trading agent provides real-time market insights. Additionally, the Twitter agent evaluates sentiment data, helping users stay informed.
The development of the platform is progressing steadily, in line with its roadmap. Phase 1, which involved the launch of the beta version, is already completed. Currently, Phase 2 is underway. This phase includes the release of the V2 extension and the integration of Web3 payment. In addition, other features, agents, and utilities are planned. In the future, Phase 3 will introduce a staking contract, while Phase 4 will focus on expanding the platform ecosystem with new features.
In terms of tokenomics, Zegent follows a well-structured distribution model. A significant portion of the tokens (85%) is allocated to the liquidity pool. Another 10% is reserved for staking and ecosystem rewards, while 5% is allocated to marketing. It is important to note that there are no fees for buying or selling transactions, which makes it attractive to potential users.
We are excited to announce an important change in our tokenomics:
Purchase/Sales Tax Reduced to 0% Forever
Marketing and Kol’s 5%
Ecosystem and rewards 10%
Additionally, 16% of the supply is BURNING 🔥🔥🔥Stay tuned for more updates on our V2 release and the launch of our web app!$ZGEN #ZegentAI pic.twitter.com/jLUUdy97bM
— Zegent (@ZegentAI) September 21, 2024
According to the latest data, the circulating supply of ZGEN tokens stands at 837.01 million, which is 100% of the total supply. The current market cap is around $411.78K. Additionally, the 24-hour trading volume has surged to $559.31K, reflecting a notable increase in activity. As for liquidity, the pool holds 13.44 WETH and 68.23 million ZGEN tokens, which is approximately 8.15% of the pool’s total supply.
3. NYX FIGURE ($NXCP)
NYX Cipher positions itself as a distinctive crypto research platform. It offers users a tool that streamlines social media information into actionable insights. This feature promises to reduce research time by 90%, which could boost productivity tenfold. Therefore, it could be particularly useful for investors looking for faster and more informed decisions.
The platform’s $NXCP token offers several utilities to holders. While the current Dapp is free for all users, future access to many features will require holding $NXCP tokens or subscribing to a paid plan. Additionally, token holders will benefit from exclusive features that will not be available to paying users.
One of the key benefits of the token is revenue sharing. NYX Cipher plans to distribute 50% of its revenue to $NXCP token holders. This represents a passive income opportunity, especially as the platform grows. NYX Cipher aims to grow in the crypto space by offering tools that appeal to a broad audience.
As for market performance, the current price of $NXCP is $0.00425, with a total market cap of $361.25K. The token has seen a significant increase in trading volume over the last 24 hours. Specifically, the trading volume increased by 1,826.33%, reaching $860.21K. With 100 million tokens, 100% of the supply is in circulation.
The project has also shown notable activity, with over 3,300 transactions completed. $NXCP’s liquidity is at $116.17K, with 16.08% of the total pooled supply and 22.67 WETH. The token’s volatility rate is 7.40, indicating that price fluctuations are to be expected.
What could be the next crypto trend?
Pepe Unleashed (PEPU) is quickly gaining attention in the cryptocurrency space due to its presale success and developer grant program. The project is positioning itself as more than just another meme coin, having already raised $14.4 million. It plans to launch a Layer-2 network specifically designed for meme coins, offering faster transactions and lower fees than Ethereum while emphasizing security.
To further boost its ecosystem, Pepe Unchained is actively offering developer grants, called “Pepe Frens with Benefits,” to attract creators. This initiative encourages the development of decentralized applications, NFTs, and DeFi tools, ensuring that the platform is ready with practical applications upon launch. The project aims to get off to a fast start by supporting developers during the pre-sale, which is crucial in the increasingly competitive Layer 2 market.
In addition to its technical goals, Pepe Unchained continues to attract growing investor interest. Currently, the tokens are available at $0.00982 with the support of market experts, further boosting their visibility. Additionally, speculation about possible listings on major exchanges is gaining momentum. While the team has not confirmed specific names, they have hinted at “tier 1” exchanges, raising expectations of significant market performance upon launch.
14M
Let’s ride the L2 wave! A big thank you to the community for their continued support! We’re growing so fast! pic.twitter.com/EjlPQLZxjm
— Pepe Unchained (@pepe_unchained) September 20, 2024
Additionally, significant investments from crypto whales have added credibility to the Pepe Unleashed project. Recent large transactions, such as the 23 ETH and 10 ETH purchases, indicate growing confidence from major investors. Such whale activity often indicates positive sentiment and can be seen as a bullish sign for the future of the project.
Visit Pepe Unchained Pre-Sale
Learn more
Most Wanted Cryptocurrency Launch – Pepe Unchained
- Level 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Staking Rewards – pepeunchained.com
- Over $10 Million Raised in ICO – Ending Soon
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