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The overall mood in the cryptocurrency market remains calm today as assets enter the consolidation phase of price action after yesterday’s expansion. BTC finds support at the $60,000 price level and ETH has seen a marginal increase of around 7% today.
The price data development suggests that the market could see some choppy movement in the coming weeks. The most trending cryptocurrencies on Polygon Today, they are among the biggest winners in the market. Many cryptocurrencies on the chain have significantly outperformed the market over the last 24 hours.
Despite the consolidation in the cryptocurrency market, presale tokens are making notable progress. Today’s article focuses on the presale of PlayDoge, an upcoming meme coin project. PlayDoge has raised over $6 million through the presale offering of the PLAY token, and the opportunity to participate in the presale is still open to all. The summary of everything investors need to know about the project is included below.
1. BUTT (BUTT)
Culo’s price is now at $0.051221, which is a 24% increase from the price seen in the market 24 hours ago. In addition to Culo’s price increase, the token has also seen a volume increase of over 251%. It can be said that the increasing visibility of the token may have been behind the increase in trading volume.
On the other hand, the token’s chart suggests that its price has maintained an upward trend for almost 7 days. Since it started recovering a few days ago, it has maintained the course until the time of writing this article.
More importantly, CULO is working on launching a first multi-chain, and substantial results have been achieved in this regard. Hence, it explains the sustained bullish trend observed on its chart. Even though CULO is trending and gaining traction, it has not yet obtained a CEX listing, which reduces its appeal to investors.
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SUPPORT THEM ON YOUR CHANNEL..💎💎☔️☔️☔️☔️☔️☔️☔️@CULOEXPERT— $CULO (@CULOEXPERT) August 1, 2024
When it comes to sustainability, Culo falls into the memecoin category. Projects in this category are particularly known for experiencing diminishing returns over a long period of time. Unfortunately, Culo has yet to show a clear path to sustainable growth through its roadmap or marketing message. As such, investors may need to study the project in more detail to understand its fundamental value proposition.
Overall, the trending status of the CULO app puts it in a position to attract more investors in the coming months. In order to track the progress of the project, investors can include Culo in their watchlist to see how the price moves in the coming days.
2. METAL (METAL)
Today, METAL is trading against WMATIC with a margin up by more than 50%. The facts behind the sudden increase in METAl’s price are relatively unknown as the news surrounding the project is hardly optimistic. Nevertheless, the project’s data suggests that there is a substantial increase in its intraday trading volume, which has increased by almost 100% today.
The surge in volumes reflects the token’s trending status as it ranks among the top five trending cryptocurrencies on the Polygon network today. In addition to increasing volume and improving price, METAL has also seen an increase in market cap, giving it a valuation of $6.07 million at press time.
Overall, METAL, also known as Badmat Robot, is a GameFi project designed to provide an immersive, entertaining, and rewarding experience to users. The shift in market sentiment towards GamFi trends gives METAL and its investors a chance to make substantial returns in the long run.
While METAL and its investors are having a great day today, thanks to the asset’s trending status, its long-standing bearish trends are casting a shadow over the moment. A look at the METAL chart reveals weeks of bearish trends.
Fortunately, the token’s price action has found support for the recent double bottom formation that appears on the chart, a trend reversal signal. Still, it needs to be clarified whether the project can attract the liquidity it needs to maintain the structure. Otherwise, META investors could be plunged into a new wave of price decline.
Ultimately, even though the project has entered the trending list today, it is unclear whether it will continue this trend in the coming weeks. Investors looking for investment opportunities in the token may have to watch the current trend take shape before making a decision.
3. FrontFanz (FANX)
There is an apparent divergence between the FANX chart and its social sentiment. As the project gains popularity, market data shows a further decline in value. FrontFanz ranks in the top 5 of Polygon’s trending list today, with a price increase of over 30% and an increase in its trading volume.
Data from FrontFanz DEXTools shows that the number of token holders has increased by about 10% recently, which may explain the project’s trending status. The FrontFanz project is described as a Web3 subscription platform that allows users to access cutting-edge live streams and video subscriptions.
The project’s market cap at press time is less than $1 million, meaning it can’t dominate the SocialFi sector right now. In general, projects related to social media and blockchain communications have underperformed the cryptocurrency market. This puts FrontFanz and its community in a situation where they may be forced to swim against the tide to achieve success.
However, as its price increases, in line with an overall improvement in the sector’s performance, FrontFanz could unlock its potential. In the meantime, investors should keep the project on their radar as its price evolves over the coming weeks.
What Could Be the Next Hot Cryptocurrency
Play-to-earn is one of the initiatives that gave the cryptocurrency market the initial buzz it needed to conquer the global market. However, the combination of P2E with GameFi is the latest game-changer. One of the projects that is gaining popularity in the new space is the PlayDoge Token. Most meme coin projects aim to achieve critical mass by attracting communities of considerable size. Play Doge, on the other hand, combines utility with community-driven values.
The project aims to provide a fun and engaging experience to the crypto ecosystem without compromising the long-term value of its underlying asset. Most meme coin projects often collapse as soon as the community value structure fails to provide the liquidity needed to keep the project alive. PlayDoge, however, comes with a built-in gaming experience, allowing users to have fun. The game also allows PLAY holders to build their PLAY token stash.
PLAY is the native cryptocurrency of PLAYDoge project. Investors can purchase the token in a pre-sale at $0.00527. At the time of writing, the pre-sale program has raised over $6 million, and thousands of investors are joining the community on its social media platforms. Overall, the apparent success of the pre-sale program suggests the project’s immense long-term potential.
Accumulating the token in the presale gives investors the opportunity to own a sufficient amount of Play before the stock market listing. Details of the new project and how to participate in the PLAY presale offering are available on its presale website and official Twitter account.
Visit the PlayDoge Presale
Learn more
PlayDoge (PLAY) – The Latest ICO on the BNB Chain
- Virtual Pet Dog 2D
- Play to win Meme Coin Fusion
- Staking and In-Game Token Rewards
- SolidProof Audit – playdoge.io
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