Top Trending Crypto Coins on DEXTools - PowerLedger, Peapods, AlphaNova

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This week has been fairly totally different from the common market actions. We’re compelled to zoom in on sure tasks actively concerned in redefining the sport. The primary is PowerLedger, the inexperienced vitality trailblazer. After it then there’s AlphaNova, with its new tendencies.

Prime Trending Crypto Cash on DEXTools

These belongings on DEXTools have interaction in tasks starting from carbon-offsetting trades to millisecond transactions. Additionally they have interaction in empowering native swaps as they push the boundaries of what’s potential.

1. PowerLedger (POWR)

PowerLedger (POWR) is the native token of the blockchain-based vitality buying and selling platform. The token has seen an enormous value enhance over the previous week, reaching 50.11%. This enhance extends to the final 24 hours with 61.15%. Even inside an hour of this report, POWR rose by 0.64%. All these present that POWR is experiencing sustained momentum. Though the token is about 70.40% under its all-time excessive of $2.01, this current surge positions it as a top-trending cryptocurrency.

The POWR token is used to run the PowerLedger platform, and it facilitates peer-to-peer vitality buying and selling. Additionally it is used to foster the transition towards a extra sustainable vitality future. POWR holders put it to use to entry the platform and take part in numerous actions. These actions embody vitality buying and selling, clear vitality monitoring, and verification processes.

PowerLedger is planning to transcend particular person vitality exchanges. The corporate envisions a contemporary, market-driven grid empowered by its blockchain platform. This platform features on two layers and makes use of two tokens. The POWR token is for platform entry, and the SPARKZ token is for micro-transactions throughout the ecosystem.

The potential purposes of Powerledger’s platform are in depth. It affords options for grid stability and suppleness administration, facilitating renewable vitality portfolio optimization and enabling peer-to-peer vitality buying and selling. Moreover, it empowers the event of sustainable residential and industrial tasks. Moreover, Powerledger’s expertise facilitates the buying and selling of environmental commodities like renewable vitality certificates and carbon credit, aiming to boost transparency and effectivity in these markets.

#Blockchain has the potential to develop into a universaly adopted commonplace in grid operations. It ensures a safe transactions of vitality, with out the necessity for a government.

Study extra in chapter 2 of our newest Whitepaper. https://t.co/OmicUXqLui #BlockchainInEnergy

— Powerledger (@PowerLedger_io) January 3, 2024

Powerledger’s current value surge coincides with heightened curiosity in inexperienced vitality options and blockchain’s potential to revolutionize the vitality sector. Whereas the general cryptocurrency market dipped by -1.50% previously week, POWR’s spectacular 50.80% acquire highlights its outperformance, even when in comparison with the 12.70% enhance noticed in related Ethereum Ecosystem cryptocurrencies.

This vital upward development positions Powerledger as a distinguished participant within the decentralized vitality panorama, attracting consideration from buyers and vitality stakeholders alike. As curiosity in inexperienced options and blockchain integration continues to develop, Powerledger’s revolutionary platform and its native token, POWR, are more likely to see additional momentum sooner or later.

2. Peapods (PEAS)

Peapods (PEAS) has additionally skilled a value enhance, leaping by as a lot as 299% this week. As of at present, PEAS sells at $2.59 with a 24-hour buying and selling quantity of $2.02 million, reflecting a big enhance in each value and buying and selling exercise whereas laying declare as a top-trending cryptocurrency.

Whereas the explanations behind this explosive progress stay obscure, it coincides with a extra basic upward development within the Ethereum ecosystem, which witnessed a 12.70% enhance in the identical interval. Nonetheless, PEAS considerably outperforms its friends, even exceeding the broader crypto market’s efficiency, which fell -2.00% over the previous week.

Including to the intrigue, the circulating provide of PEAS tokens at the moment must be reported, making it troublesome to find out the undertaking’s market capitalization. Extra available data presents challenges in absolutely comprehending the elements driving the worth and assessing the token’s general valuation.

$ETH dropped -9% in underneath 2 hours It has now bounced again up 4% within the final hour

Positive could be good if there was a spot to capitalise on all of this volatility 🤔#VolatilityFarming pic.twitter.com/9H4yzZDfeL

— PeapodsFinance (@PeapodsFinance) January 3, 2024

Regardless of the restricted knowledge, Peapods Finance’s current surge warrants additional remark. The undertaking’s web site claims to be a community-owned decentralized change ecosystem constructed on the rules of inclusivity and sustainable DeFi. Nonetheless, particulars relating to its particular purposes and underlying expertise stay scarce.

Till extra data turns into accessible and the explanations behind the worth surge are higher understood, buyers ought to method Peapods Finance with warning, conducting thorough analysis and exercising due diligence earlier than contemplating any funding.

3. AlphaNova (ANVA)

AlphaNova (ANVA), a just lately launched cryptocurrency, has witnessed a dizzying surge of over 1,700% previously 24 hours, in keeping with knowledge from DEXTools. Nonetheless, buyers ought to method this seemingly profitable alternative with excessive warning, as crimson flags and issues about its legitimacy abound.

Whereas the token’s present market cap stands round $460,000, with over 260 holders exchanging greater than $1.58 million since its launch, a deeper evaluation reveals potential vulnerabilities. Notably, the locked liquidity, a vital indicator of stability and dedication, stays at a modest $200,000, elevating issues about potential rug pulls or sudden value crashes.

Additional casting doubt on its legitimacy is a vital discovering by DEXTools’ safety audit. Notably, the audit identifies AlphaNova as “mintable,” which means the builders possess the power to create a limiteless provide of tokens, probably diluting the worth held by present buyers. This attribute is a trademark of rip-off tasks, employed to artificially inflate the worth earlier than dumping massive portions of tokens and draining liquidity.

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Due to this fact, regardless of the alluring headline-grabbing value enhance, the shortage of locked liquidity and the mintable attribute strongly recommend AlphaNova as a high-risk funding with a considerable risk of being a rip-off. Traders are strongly suggested to train excessive warning and conduct thorough due diligence earlier than contemplating any involvement with this token. The unstable nature of the cryptocurrency market requires meticulous analysis and cautious analysis to keep away from potential monetary losses.

What May Be The Subsequent Prime Trending Crypto?

Whereas different belongings appear to dominate the memecoin panorama, Sponge (SPONGE) has resurfaced amidst a renewed wave of curiosity from crypto buyers. Launched in Could 2023 with lighthearted group backing, SPONGE initially reached a outstanding $100 million market cap and delivered almost 100x returns for early adopters. Now, an upgraded token, SPONGEV2, alerts a strategic shift for the undertaking.

In 2023 #Sponge V1 hit a near-$100M market cap! Think about what V2 can do.

Stake now and be a part of this success story. 🚀$SPONGE #SpongeV2 #Presale pic.twitter.com/PEOem875Gt

— $SPONGE (@spongeoneth) January 4, 2024

SPONGEV2 aspires to transcend its memecoin roots by integrating sensible functionalities similar to play-to-earn gaming and staking rewards. This goals to foster deeper engagement throughout the Sponge group, comprised of tens of hundreds of members throughout social media platforms like Telegram and Twitter.

Profitable implementation of those options might rekindle speculative curiosity, providing the potential for vital positive factors to meme coin fanatics who missed the preliminary SPONGE growth. At the moment, pre-exchange acquisition of SPONGEV2 tokens is restricted to staking SPONGE on the undertaking’s official web site, sponge.vip.

This staking incentive boasts a pretty annual yield of 493% on the time of writing, with over 3.2 billion tokens already dedicated. Notable cryptocurrency influencers, together with Matthew Perry, have additionally acknowledged the promising potential of SPONGEV2.

The introduction of SPONGEV2 has revitalized the undertaking’s ecosystem, propelling SPONGE towards elevated demand throughout the meme coin market. This strategic transition from a purely community-driven token to 1 embracing utility options might place Sponge for a sustainable future throughout the unstable panorama of cryptocurrencies.

Go to Sponge V2.