Top Trending Cryptocurrencies on Ethereum – OnlyUp, Bee, Fuse Token

Macroeconomic policies in the United States and Japan have sparked bullish sentiment for Bitcoin, with the cryptocurrency seeing a significant price rally this week following interest rate decisions from the Federal Reserve and the Bank from Japan. After the US Fed opted to cut interest rates, Bitcoin’s value surged more than 11% by the end of the week, surpassing $62,000 for the first time in September.

Despite Bitcoin’s impressive rally, 42 other cryptocurrencies have surpassed it this year, with meme coins leading the way. Lookonchain data reveals that eight of the top ten performing tokens are meme coins, many of which are built on Ethereum. Therefore, this article organizes the trending cryptocurrencies on Ethereum.

Top Trending Cryptocurrencies on Ethereum

OnlyUP ($UP) seeks to go beyond the meme token label, presenting itself as a broader movement. Meanwhile, Fuse Token (FUSE) is currently valued at $0.0133, with a market cap of $10.22K, although its 24-hour trading volume is a modest $0.6725.

The Bee/USD market is showing signs of consolidation, with prices moving in a narrow range. Pepe Unchained (PEPU) has been gaining traction in the crypto world recently, thanks to the success of its presale and developer grant program. Founder of Binance Changpeng Zhao is expected to be released after four months.

1. Only up (UP)

OnlyUP ($UP) aims to be more than a meme token, positioning itself as a movement. Built on the Ethereum blockchain, it uses a unique tokenomics model to drive growth, encourage community participation, and create real impact.

Currently, OnlyUP is priced at $0.00321 with a market cap of $3.21 million. Its 24-hour trading volume stands at $711,420, reflecting a strong increase of 59,999.10%. With a circulating supply of 1 billion tokens, the project has reached its full token supply.

The DEXTools.io price chart shows a strong price rise. The token rose from around $0.0005 to above $0.002, represented by a large bullish candlestick. This spike indicates significant buying pressure. Following this rise, the price entered a consolidation phase near the $0.0030 level. Smaller candlesticks during this period indicate market indecision.

Trading volume increased alongside the price rise, signaling strong market activity. However, as prices stabilized, trading volume decreased significantly. This drop suggests a decrease in the number of trades, indicating that traders may be waiting for other signals before acting.

Market sentiment is cautiously optimistic. The sharp rise in prices demonstrates bullish momentum, but the consolidation phase signals a period of uncertainty. Therefore, traders are likely watching for either a breakout or a retracement.

OnlyUP ($UP) presents potential for growth and community engagement, supported by its structured tokenomics. The recent price movement reflects an uptrend, but the current consolidation phase requires careful monitoring. Additionally, the project’s focus on charity adds an additional layer of value, although future price developments will depend on market dynamics and external factors.

2. Fuse token (FUSE)

Fuse Token (FUSE) is currently priced at $0.0133, with a market cap of $10.22K and a 24-hour trading volume of just $0.6725. Notably, there has been a significant increase in trading activity, with volume up 30,916.77% over the past day. The total circulating supply is 770.01K FUSE tokens, matching its maximum supply.

A closer look at recent price movements shows a sudden and sharp decline, as illustrated by a large red candlestick on the 15-minute price chart for the FUSE/USD pair. Initially, the price peaked at $0.01440 before dropping sharply to $0.00004295 in a single candlestick, signaling a massive decline. Since then, the price has recovered slightly to $0.01332, an overall decline of 7.51%.

The extended red wick indicates high volatility, as the price momentarily reached extreme lows before rebounding. However, this significant price movement occurred with very low trading volume (only one transaction), suggesting a lack of liquidity in the market. In low-volume environments like this, even a small number of transactions can create dramatic price swings.

Fuse has integrated with @Orbiter_FinanceThe decentralized cross-rollup bridge! 🛸

You can now fill $ETH And $USDC merge with fast, cheap and transparent cross-chain transfers across 50+ L2.

– Fuse Network (@Fuse_network) September 20, 2024

From a technical perspective, the level around $0.01400 could provide resistance as the price has struggled to return to this point after its decline. Meanwhile, the brief touch at $0.00004295 may serve as temporary support, although this level has only been tested momentarily and may not hold in future trades.

3. Bee (bee)

The current Bee/USD market is showing signs of consolidation, with prices fluctuating in a narrow range. The live price is $0.00619, with a market cap of $6.36 million and a 24-hour trading volume of $4.25 million, indicating a notable increase in activity.

Specifically, the price remained between $0.006101 and $0.006339, with only minor changes. This indicates a period of relative stability. Furthermore, the market experienced slight volatility, particularly around 12:00 p.m. and 3:00 p.m. During these periods, the price briefly attempted to break out of the range, but quickly returned to similar levels. This could indicate temporary price fluctuations or minor buying and selling pressure.

In terms of candlestick patterns, the chart reveals an ongoing struggle between buyers and sellers. Small green and red candles dominate, reflecting a balanced market with no decisive movement in either direction. Additionally, larger green candles appeared around 6:00 a.m. and 12:30 p.m., indicating buying attempts, although these were followed by retracements, which ultimately led to continued price stagnation.

Concerning the volume of trade, activity was generally moderate. There was a notable peak between 12:00 and 12:30; however, despite this increase, the price did not experience a strong breakout. This suggests that the higher volume may have been balanced between buying and selling, contributing to overall market stability.

From a technical analysis perspective, the price found support around $0.006100 and faces resistance near $0.006340. This range-bound behavior implies that traders buy near support and sell at resistance, but they do not push the market beyond these levels.

What could be the next hottest cryptocurrency?

Pepe unleashed (PEPU) has recently gained attention in the crypto space, largely due to its successful presale and developer grant program. The project has raised $16 million and plans to launch a Layer 2 network designed specifically for meme coins. This network aims to offer faster transaction speeds and lower fees compared to Ethereum while emphasizing security.

To support its ecosystem, Pepe Unchained launched a developer subsidy initiative called “Pepe Frens with Benefits”. This program encourages the development of decentralized applications (dApps), NFT and DeFi tools, providing developers with resources before the platform launch. This strategic move should help the platform build a solid foundation of practical applications, which is essential in an increasingly competitive Layer 2 space.

Boom! $16 million raised!

Pepe Unchained continues to break records, and we’re not slowing down! 🌊 pic.twitter.com/Qtkw0w0n85

– Pepe Unchained (@pepe_unchained) September 28, 2024

On the investor side, Pepe Unchained is attracting growing interest with its APY of 133%. Currently, the tokens are available at $0.00987, with the support of market experts, which has increased the visibility of the project. Additionally, the project has attracted the attention of crypto whales, with significant investments such as purchases of 23 ETH and 10 ETH. Such activity often reflects increased confidence in the project and is generally considered a positive indicator of its future growth.

Overall, Pepe unleashed positions itself as a serious competitor in the field of meme coins, combining technical development and investor interest. However, as with any emerging project, its success will depend on its execution and the market environment as a whole.

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Most Wanted Crypto Launch – Pepe Unchained

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• Featured in Cointelegraph
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