Today’s Top Trending Cryptocurrencies
Written by Van - Perfected by ChatGPT
The fast-paced world of cryptocurrency keeps investors and traders on their toes as they strive to stay updated on the latest trends. A crypto token can be considered trending due to recent news, technological advancements, or social media buzz.
Today, we’ll uncover the reasons behind the recent popularity of crypto tokens like Arbitrum, XEN Crypto, Dogecoin, Stargate Finance, Pendle, Taboo Token, and Solar Network, and their potential to be the next cryptocurrency to explode 2023.
Arbitrum - A Trending Coin in Layer-2 Scaling Solutions
What is Arbitrum?
Why is Arbitrum trending?
Arbitrum has recently gained attention as the team behind it reserved the right to veto decisions made by the Arbitrum governance committee. This decision sparked concerns regarding the team’s power and control over the protocol. Additionally, some community members have expressed frustration with the lack of transparency around Arbitrum’s decision-making process.
How to add Arbitrum to MetaMask
To add Arbitrum to MetaMask, follow these simple steps:
- Open MetaMask and click on the network dropdown menu at the top of the interface.
- Select “Custom RPC” at the bottom of the list.
- Enter the required network information for Arbitrum.
- Save the new network and switch to it.
How to buy ARB tokens
To buy Arbitrum (ARB) tokens, follow these steps:
- Find a reputable cryptocurrency exchange that supports ARB trading pairs. Binance, OKX, Kucoin.
- Create an account and complete any necessary verification processes.
- Deposit a supported cryptocurrency like ETH or USDT.
- Trade your deposited cryptocurrency for ARB tokens.
XEN Crypto - A Promising Crypto for its Easy Minting Capabilities
What is XEN Crypto?
XEN Crypto has no supply limit and leverages the proof-of-participation consensus mechanism. Users can utilize Ethereum-based wallets to mint new tokens by paying the applicable Ethereum gas fees, making XEN one of the easiest cryptocurrencies to mint.
Why is XEN Crypto trending?
XEN Crypto is trending due to Etherscan data indicating that XEN minting has accounted for over 40% of all Ethereum transactions at its peak. Additionally, the price of XEN is up 28% over the past 24 hours after Jack Levin, the founder of XEN, announced that the team had discussed mint claim gasless transactions (aka flash loans) to allow investors to mint XEN without worrying about high Gwei in the future.
How to mint XEN Crypto
To mint XEN Crypto:
- Connect your Ethereum-based wallet, like MetaMask, to the XEN Crypto website.
- Ensure you have enough Ethereum (ETH) in your wallet to cover the gas fees.
- Choose the desired amount of XEN Crypto to mint and click the “Mint” button.
- Confirm the transaction in your wallet.
How to buy XEN Crypto
To buy XEN Crypto:
Dogecoin - Always on The Verge of Trending
What is Dogecoin?
Why is Dogecoin trending?
Dogecoin has been making headlines recently due to Elon Musk’s decision to replace the Twitter logo with Dogecoin on its front page. This move led to a nearly 30% surge in DOGE’s value and drew attention to a mysterious wallet known as “DH5ya” that once held a staggering $24 billion in Dogecoin. In a class action lawsuit filed against Musk in U.S. federal court, investors who have lost money on Dogecoin have claimed that DH5ya is Musk’s personal wallet.
How many dogecoins are in circulation?
There are currently 138,809,706,383.71 Dogecoins in circulation.
How to buy Dogecoin
To buy Dogecoin:
Stargate Finance - Crossing Chains Through the Bridge
What is Stargate Finance, explained?
Stargate Finance offers a cross-chain platform enabling users and decentralized applications (dApps) to transfer assets seamlessly between various blockchains through its bridge. Each transfer of non-Stargate native tokens ($STG) incurs a 0.06% fee. Additionally, Stargate Finance provides liquidity pools for decentralized lending and borrowing opportunities.
Why is Stargate Finance trending?
Recently, LayerZero closed its Series B funding round with a $3 billion valuation. As a project in its ecosystem, Stargate Finance’s STG received a boost in price, contributing to its trending status.
Where to buy STG token
You can buy STG tokens on various cryptocurrency exchanges that support STG trading pairs.
How to buy Stargate Finance’s STG token
To buy Stargate Finance’s STG tokens:
Pendle Finance - Decentralized Finance Meets Tokenized Yield, A Trending Coin to Watch
What is Pendle Finance?
Pendle Finance is a decentralized finance platform that allows users to trade tokenized yield through its innovative protocol.
Why is Pendle Finance trending?
The rise in PENDLE price came suddenly when Defi_Maestro, a researcher at Mantle and popular crypto influencer, started to buy the token with 50 ETH. This action sent the price to $0.5 (up 46%) within 5 hours, causing it to trend among the crypto community.
How does Pendle work?
Pendle works by allowing users to tokenize their yield-generating assets and trade them on the platform, providing liquidity and enabling efficient yield management.
How to buy Pendle Finance
To buy Stargate Finance’s STG tokens:
- Find a reputable cryptocurrency exchange that supports STG trading pairs.
Gate.Io, MEXC, Crypto.com
- Create an account and complete any necessary verification processes.
- Deposit a supported cryptocurrency like Ethereum (ETH) or USDT.
- Trade your deposited cryptocurrency for STG tokens.
Taboo Token - Cheeky Adult Entertainment on the Blockchain
What is Taboo Token?
Taboo Token TABOO is a one-of-a-kind adult NFT and streaming media project that specializes in highly exclusive content featuring models who aren’t necessarily traditional porn stars. This distinctive approach sets it apart from other adult tokens. The user-friendly marketplace caters to users’ fantasies, allowing them to explore, purchase premium adult NFTs, and invest tokens for potentially high-yield returns—all within a single platform.
Why is Taboo Token trending?
Taboo Token is trending today largely due to their recent announcement of a potential CEX listing, which has generated excitement among investors and traders.
Where to buy Taboo Token
You can buy Taboo Token on various decentralized exchanges that support Taboo trading pairs.
How to buy Taboo Token
To buy Taboo Token:
- Find a decentralized exchange that supports Taboo trading pairs. We recommend Pancake Swap.
- Connect your wallet, like MetaMask, to the exchange.
- Swap BNB to TABOO.
What is Solar Network?
SXP serves as the essential utility token for the Solar blockchain. Users can stake SXP to help secure the network while earning rewards and paying transaction fees within the Solar ecosystem. Additionally, SXP token holders can participate in governing the Solar blockchain by proposing and voting on protocol changes, as well as receive rewards for providing liquidity. Furthermore, Solar decentralized applications (DApps) utilize SXP as their primary currency.
Why is Solar Network trending?
Lately, SXP has seen an increase in price thanks to significant interest from Korean investors, especially traders on Upbit. This surge in demand has caused Solar Network’s SXP token to trend among the crypto community.
How to buy Solar Network’s SXP token
To buy Solar Network’s SXP tokens:
How to Find Trending Crypto Coins
Finding trending cryptocurrencies can help you make informed investment decisions and potentially profit from the ever-evolving crypto market. In this comprehensive guide, we will cover essential tips to identify trending cryptocurrencies and capitalize on their growth.
Monitor cryptocurrency news websites and blogs
To stay informed about trending cryptocurrencies, follow reputable crypto news websites such as Coin360, CoinDesk, CoinTelegraph, and CryptoSlate. These platforms provide regular updates on industry trends, coin launches, and major developments that can impact the market.
Keep an eye on social media and online communities
Cryptocurrency enthusiasts often discuss and share insights on trending coins via social media platforms like Twitter, Reddit, and Telegram. Follow influential figures in the crypto space and join relevant groups and channels to stay updated on market trends and emerging cryptocurrencies.
Analyze market capitalization and trading volume
Market capitalization and trading volume are crucial indicators of a cryptocurrency’s popularity and potential growth. Higher market cap and trading volume often suggest increased demand and more stable investment. Websites like Coin360, CoinMarketCap, and CoinGecko provide market data, including market cap and trading volume, for thousands of cryptocurrencies.
Use technical analysis tools
Technical analysis tools such as moving averages, relative strength index (RSI), and Bollinger Bands can help you identify trends and predict potential price movements. These tools are available on most cryptocurrency exchange platforms and can be valuable for spotting trends and making informed decisions.
Observe Google Trends data
Source: Google Trends
Google Trends provides valuable insights into search interest for specific cryptocurrencies or the overall market. A surge in search interest often correlates with an increase in demand and price. Monitor Google Trends data to spot potential trending cryptocurrencies before they become mainstream.
Review upcoming events and announcements
Upcoming events such as project updates, partnerships, or mainnet launches can impact a cryptocurrency’s price and popularity. Use crypto event calendars like CoinMarketCal or Coindar to stay informed about important dates and announcements that could trigger market movements.
Explore niche markets and sectors
Identify niche markets and sectors within the cryptocurrency space, such as decentralized finance (DeFi), non-fungible tokens (NFTs), or privacy coins. By focusing on specific niches, you can discover up-and-coming projects and coins before they gain widespread attention.
Use crypto screening tools
Crypto screening tools like TradingView can help you filter and sort cryptocurrencies based on specific criteria, such as market cap, trading volume, or percentage gain. These tools can help you identify trending coins or potential investment opportunities.
Monitor exchange listings
When a cryptocurrency gets listed on a major exchange, its visibility, liquidity, and credibility often increase, potentially leading to price growth. Monitor exchange announcements and listings to spot potential trending coins early.
Identifying trending cryptocurrencies can help you make more informed investment decisions and potentially profit from the dynamic crypto market. Use the tips and strategies outlined in this guide to spot trending coins and stay ahead of the curve. Always conduct thorough research, manage your risks, and invest wisely.
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