Most Trending Cryptocurrencies on Polygon – Fuse Token, Mask Network, Elk

Bitcoin’s worth and demand are gaining momentum, reflecting traits noticed through the 2016 U.S. presidential election. For the upcoming 2024 election, betting markets presently estimate former President Donald Trump’s re-election possibilities at 66.5%. This has sparked optimism amongst traders, with expectations of regulatory shifts that could possibly be favorable for Bitcoin fueling a bullish market sentiment.

As curiosity in Bitcoin grows, current investments in Bitcoin exchange-traded funds (ETFs) are including to the cryptocurrency’s upward development. Furthermore, tokens on a number of blockchains have posted rallies. This text curates the most trending cryptocurrencies on Polygon.

Most Trending Cryptocurrencies on Polygon 

The Fuse Token (FUSE) is valued at $0.033 and has an estimated market cap of $67.31K. Masks Community (PoS) is priced at $3.168, with a market capitalization of roughly $316.98 million. At the moment, Elk (ELK) is priced at $0.107, has a market cap of $1.73M, and exhibits a 24-hour buying and selling quantity of $7.38K. 

In the meantime, the meme coin Flockerz ($FLOCK) has rapidly gained consideration, elevating $1.15 million throughout its preliminary coin providing (ICO). In different information, crypto agency Consensys introduced a 20% workforce discount, citing issues over regulatory uncertainty.

1. Fuse Token (FUSE)

The Fuse Token (FUSE) is presently priced at $0.033, with a market cap of round $67.31K. Its 24-hour buying and selling quantity stands at $3.27K, reflecting a rise of 112.86% over the previous day. FUSE has a circulating provide of two.03 million, which has reached its most restrict.

On the 15-minute timeframe on DEXTools.io, the FUSE/USD chart just lately confirmed a robust breakout after an prolonged interval of low exercise and secure pricing. The value surged from roughly $0.014 to $0.033 in a collection of enormous inexperienced candles. The newest interval signifies a slight achieve of 0.77%. This sharp worth improve displays renewed curiosity, and it’s now adopted by a quick consolidation section across the $0.033 mark.

The FUSE/USD pair noticed a major rally with speedy upward motion, suggesting renewed shopping for curiosity. This transfer started simply after 11:00 and is clear in a sequence of inexperienced candles. The value now consolidates across the $0.033 degree, hinting at potential stabilization. Accordingly, the buying and selling quantity spiked, indicating substantial purchase orders getting into the market. The amount’s improve aligns with the worth motion, which helps the power of the breakout, as larger buying and selling exercise usually backs a brand new worth development.

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After the rally, the worth started a interval of consolidation marked by smaller candles and diminished quantity. This section suggests a stability between patrons and sellers, with some probably taking income. A single purple candle hints at a slight pullback however doesn’t but counsel a full reversal.

2. Masks Community (PoS) (MASK)

Masks Community (PoS) is presently priced at $3.168 and has a market cap of $316.98 million. Over the previous 24 hours, the token’s buying and selling quantity has reached $17.9K, with a 35.32% worth improve. The utmost circulating provide is 100 million MASK cash.

The current worth chart highlights fluctuations with temporary uptrends and downtrends. Following these shifts, the worth stabilizes inside a spread of $3.05 to $3.25. This exercise exhibits each patrons and sellers actively testing worth boundaries.

Initially, Masks Community noticed a small rally to $3.17. This was adopted by sideways motion with combined purple and inexperienced candles, which suggests indecision amongst merchants. Round noon, the worth briefly declined to $3.05 however then rebounded above $3.15. This restoration signifies some shopping for curiosity at decrease ranges. Later, the worth barely retraced to almost $3.22, signaling potential resistance at this degree.

By way of quantity, an early improve matched the preliminary upward worth motion, indicating shopping for stress. Afterward, quantity remained regular, with occasional spikes throughout bigger worth swings. A noticeable peak in quantity coincided with the noon low, the place shopping for on the assist degree appeared to push the worth again up.

The chart exhibits combined market sentiment, reflecting each bullish and bearish indicators. The early rally and noon restoration trace at cautious optimism, whereas frequent pullbacks counsel ongoing promoting stress. The minor retracement round $3.22 could sign some resistance, resulting in slight consolidation.

3. Elk (ELK)

Elk (ELK) is presently priced at $0.107, with a market cap of $1.73M and a 24-hour buying and selling quantity of $7.38K. Over the previous 24 hours, ELK has seen a notable 28.19% worth improve. Out of its complete provide of 42.42M, roughly 16.13M cash are in circulation.

Just lately, ELK has proven a transparent upward development. Its worth shifted from round $0.085 to about $0.108, suggesting a constructive momentum. This improve has since stabilized, sustaining its degree close to the current excessive.

By way of worth motion, ELK’s worth was initially secure with low buying and selling exercise. Nonetheless, round noon, a pointy breakout occurred with a number of inexperienced candles pushing the worth considerably larger. The value peaked close to $0.1083, then entered a consolidation section with minor fluctuations. This sample means that patrons and sellers have reached a brief stability of round $0.1078.

Alright! Right here we go! $ELK is now reside on @MEXC_Official!! Time to load up whereas it is sizzling. Extra huge information coming quickly!https://t.co/lkObU2RNpv pic.twitter.com/XAoE514Yzq

— Elk Finance (@elk_finance) October 30, 2024

Quantity intently mirrored these worth actions. Throughout the secure early section, buying and selling quantity was minimal. But, because the breakout started, quantity surged, indicating robust shopping for curiosity. This heightened exercise tapered off after the height, which is in keeping with typical consolidation phases when buying and selling slows.

Market sentiment seems bullish. The upward breakout and subsequent stabilization indicate that patrons stay in management. Notably, the absence of a pointy sell-off after the rise suggests restricted promoting stress. If shopping for curiosity resumes, the worth might proceed to development larger.

What May Be The Subsequent High Trending Crypto?

Flockerz ($FLOCK) is a brand new meme coin that has rapidly gained traction, elevating $1.15 million in its ICO section. Regardless of a broader market slowdown, with most tokens down from final week, Flockerz exhibits shocking momentum. This dip throughout crypto markets has stemmed from points like current arrests of scammers in Japan and large-scale asset liquidations, which have impacted token values.

Launched just lately, Flockerz goals to face out within the crowded meme coin panorama. Buyers can presently purchase $FLOCK tokens at $0.0058862, though costs are anticipated to rise quickly. When the presale wraps up, the token will probably be out there on each centralized and decentralized exchanges. This publicity could increase Flockerz’s market presence. To make sure safety, Flockerz has additionally accomplished audits with Coinsult and SolidProof, which helps investor confidence.

The flock is so up 📈 it is placing us right into a meditative state! 🧘 pic.twitter.com/TmWTgJ2KVm

— Flockerz (@FlockerzToken) October 30, 2024

One distinctive function of Flockerz is its “Vote-To-Earn” system. By means of FlockTopia, the mission’s DAO, token holders can earn $FLOCK rewards by taking part in mission selections. This enables customers to assist information improvement, advertising, and token administration. By partaking customers in selections, Flockerz distinguishes itself from many different meme cash.

Furthermore, $FLOCK holders can earn an APY of 1451% by means of staking. Nonetheless, returns are anticipated to lower as extra tokens are staked. Outstanding crypto influencers have endorsed Flockerz, highlighting its potential progress. Flockerz additionally has a rising presence on social media, with round 2.9k followers on X and 1.5k on Telegram, aiming for open communication with its neighborhood.

Go to Flockerz Presale

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