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

This week has been fairly completely 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 developments.

Prime Trending Crypto Cash on DEXTools

These property 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 doable.

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 improve over the previous week, reaching 50.11%. This improve 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% beneath 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. It is usually 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 various 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 capabilities 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 provides 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 change into a universaly adopted normal in grid operations. It ensures a safe transactions of vitality, with out the necessity for a government.

Be taught 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% achieve highlights its outperformance, even when in comparison with the 12.70% improve noticed in related Ethereum Ecosystem cryptocurrencies.

This important upward development positions Powerledger as a outstanding participant within the decentralized vitality panorama, attracting consideration from traders and vitality stakeholders alike. As curiosity in inexperienced options and blockchain integration continues to develop, Powerledger’s progressive 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 improve, leaping by as a lot as 299% this week. As of right now, PEAS sells at $2.59 with a 24-hour buying and selling quantity of $2.02 million, reflecting a major improve in each value and buying and selling exercise whereas laying declare as a top-trending cryptocurrency.

Whereas the explanations behind this explosive development stay obscure, it coincides with a extra common upward development within the Ethereum ecosystem, which witnessed a 12.70% improve 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 present must be reported, making it troublesome to find out the venture’s market capitalization. Extra available info presents challenges in totally comprehending the elements driving the worth and assessing the token’s total valuation.

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

Certain can 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 information, Peapods Finance’s current surge warrants additional commentary. The venture’s web site claims to be a community-owned decentralized trade ecosystem constructed on the rules of inclusivity and sustainable DeFi. Nonetheless, particulars relating to its particular purposes and underlying expertise stay scarce.

Till extra info turns into obtainable and the explanations behind the worth surge are higher understood, traders 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 lately launched cryptocurrency, has witnessed a dizzying surge of over 1,700% previously 24 hours, in response to information from DEXTools. Nonetheless, traders ought to method this seemingly profitable alternative with excessive warning, as pink 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, an important 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 an important discovering by DEXTools’ safety audit. Notably, the audit identifies AlphaNova as “mintable,” that means the builders possess the flexibility to create a vast provide of tokens, probably diluting the worth held by current traders. This attribute is a trademark of rip-off tasks, employed to artificially inflate the worth earlier than dumping giant portions of tokens and draining liquidity.

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Due to this fact, regardless of the alluring headline-grabbing value improve, the shortage of locked liquidity and the mintable attribute strongly recommend AlphaNova as a high-risk funding with a considerable chance of being a rip-off. Buyers are strongly suggested to train excessive warning and conduct thorough due diligence earlier than contemplating any involvement with this token. The risky 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 property appear to dominate the memecoin panorama, Sponge (SPONGE) has resurfaced amidst a renewed wave of curiosity from crypto traders. Launched in Might 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 venture.

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 equivalent 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 may rekindle speculative curiosity, providing the potential for important good points to meme coin fanatics who missed the preliminary SPONGE increase. Presently, pre-exchange acquisition of SPONGEV2 tokens is restricted to staking SPONGE on the venture’s official web site, sponge.vip.

This staking incentive boasts a horny 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 venture’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 may place Sponge for a sustainable future throughout the risky panorama of cryptocurrencies.

Go to Sponge V2.

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