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The decentralized finance (DeFi) sector’s trading volume reached $7.23 billion. This constitutes approximately 13.13% of the overall crypto market’s 24-hour volume. In contrast, stable coins’ trading volume surged to $49.4 billion, encompassing around 89.67% of the total crypto market volume within the same timeframe.
8 Best Cheap Crypto to Buy Now Under 1 Cent
In other news, blockchain-based private credit has experienced a resurgence as companies seek alternative financing avenues in a climate of heightened interest rates. This sector has seen a notable uptick in activity after a downturn during the previous year’s crypto crisis.
According to data from RWA.xyz, a platform monitoring debt, active private loans facilitated through digital ledgers have surged by 55% since the commencement of 2023, reaching approximately $408 million as of Nov.
1. Injective (INJ)
INJ has seen positive price movements lately, with a 4.64% increase in value. Over the past year, the price of INJ has soared by a whopping 2,030%, outperforming 97% of the top 100 crypto assets. Moreover, INJ has consistently traded above the 200-day moving average and has shown positive growth compared to its initial token sale price.
In the last 30 days, INJ has had 15 days of positive price movement, accounting for half of the observed period. This increase in value is supported by high liquidity, reflected in its market cap. The highest price point during the last cycle hit $32.58, showcasing the token’s past performance.
INJ holders are able to delegate their tokens to one of the 135 existing validators 🥩
Here’s a step-by-step guide on how to transfer and delegate INJ from @coinbase ⬇️https://t.co/locSLNqoL3
— Injective 🥷 (@Injective_) December 16, 2023
Furthermore, market sentiment toward Injective seems optimistic, with a Greed Index rating of 65. Injective have a circulating supply of 83.76 million INJ out of a maximum supply of 100 million INJ.
2. Launchpad XYZ (LPX)
Launchpad XYZ has become a notable platform in cryptocurrency trading, aiming to help users make better decisions in the Web 3.0 era. It provides a detailed dashboard with data to assist investors in choosing the right cryptocurrency investments.
#DAOs are reshaping governance in the #Crypto world. 🌐
They offer a collective decision-making structure, powered by smart contracts.#LaunchpadKnows #Web3 #Crypto pic.twitter.com/yM1kTObKFx
— Launchpad.xyz (@launchpadlpx) December 17, 2023
One unique feature of Launchpad XYZ is its use of reliable market sentiments. This gives users insights into what influential figures are investing in, which could help guide their decisions. The platform also educates users, encouraging them to make their own trading choices instead of relying solely on outside information.
In the Launchpad XYZ ecosystem, they have their token called LPX. Holding at least 10,000 LPX tokens gives users access to exclusive features. These perks include lower trading fees on the Launchpad XYZ decentralized exchange and other advantages.
3. Sei (SEI)
Sei v2 is set to be a pioneering parallelized EVM blockchain, thanks to a proposed update from Sei Labs. This update aims to merge an Ethereum-compatible system into Sei’s core while maintaining its advanced consensus mechanism and parallelization abilities.
The goal is to enable seamless deployment of Ethereum and Layer 2 applications on Sei, allowing users to use familiar tools like Metamask. Currently, Sei has 2.30 billion SEI in circulation out of a total of 10.00 billion SEI. In the market, it stands at #17 in the Proof-of-Stake Coins and #46 in the Layer 1 sector.
📢 The Sei + Coingecko Learn and Earn campaign has concluded, thank you to everyone that took part!
If you were in the first 18,000 valid entries, you can now:
– Visit https://t.co/EtR7shsF0b,
– Connect the wallet you’d entered as part of the campaign,
– Claim your 50 staked… https://t.co/LvzuuCnalk— Sei 🔴💨 (@SeiNetwork) December 11, 2023
Over the past 30 days, Sei has had 15 positive trading days, showing a 50% increase and indicating growing market interest. Moreover, the project boasts high liquidity based on its market cap.
4. Monero (XMR)
Monero (XMR), known for its focus on privacy, has maintained stability above the $160 price mark, showing a positive market sentiment. Its current trading range is between $160 and $176, demonstrating resilience due to consistent buying and favorable market conditions.
Currently, Monero’s price prediction sentiment is neutral, with a Fear & Greed Index reading of 65 (Greed). Monero has a circulating supply of 18.37M XMR out of a maximum of 18.20M XMR.
Furthermore, highlights include a 17% price increase over the past year and consistent trading above the 200-day moving average. It has also seen 15 positive trading days out of the last 30 (50%), exhibiting significant liquidity based on its market cap.
5. Tellor (TRB)
Over the past year, Tellor’s price has skyrocketed by 710%. This surge outpaced 94% of the top 100 cryptocurrencies, including giants like Bitcoin and Ethereum. It’s currently trading above a key indicator, the 200-day moving average, signaling a sustained upward trend. Tellor also boasts strong liquidity, backed by its substantial market cap.
Furthermore, market sentiment is optimistic about Tellor’s future price. This is coupled with a 65 (Greed) rating on the Fear & Greed Index, potentially impacting investor behavior.
Regarding its token supply, Tellor has 2.52 million TRB in circulation out of a maximum of 2.41 million TRB. This results in an annual inflation rate of 11.04%, equating to roughly 250,598 newly created TRB in the last year.
6. Fetch.ai (FET)
Tribe’s current market sentiment appears neutral, as the price prediction sentiment indicates. Meanwhile, the Fear & Greed Index registers a value of 65, signifying a leaning toward greed in investor behavior.
Presently, there are 532.24 million TRIBE tokens in circulation out of a maximum supply of 1.00 billion TRIBE. Over the past year, the price of Tribe has surged by 128%, showcasing substantial growth. This growth has outpaced 70% of the top 100 crypto assets within the same period.
Additionally, the current trading status positions Tribe above the 200-day simple moving average, indicating a bullish trend. Moreover, the coin has had 15 days of positive price movement out of the last 30 days, representing a 50% ratio of positive trading days.
7. TG.Casino (TGC)
TG.Casino brings together online gaming, cryptocurrency, and Telegram messaging innovatively. The main goal is to use Telegram’s secure, fast communication and large user base to create a seamless gaming experience with cryptocurrency transactions.
Cryptocurrency is a big part of this platform, centered around $TGC, the platform’s digital currency. $TGC not only works as a digital currency but also represents a share in TG.Casino’s profits aim to change how casino rewards usually work.
We have raised more than $4.3 million in the $TGC presale💎
Steadily on our way to $5 million!
Can we get it done this week? pic.twitter.com/ifI0ZOe4eU
— TG Casino (@TGCasino_) December 18, 2023
The partnership with Telegram is important because of its strong security features like encryption and focus on user privacy, which aligns with TG.Casino’s goals. Telegram’s ability to handle many messages and transactions further enhances this project. Plus, its adaptable system allows for customizing the gaming experience, even with complex games.
8. Echelon Prime (PRIME)
Echelon Prime’s current outlook suggests a neutral sentiment regarding its price prediction. Investors’ inclination towards the project is notably positive, indicated by a Fear & Greed Index score of 65, reflecting a state of greed in the market.
Regarding token availability, Echelon Prime has a circulating supply of 26.27 million PRIME tokens. This is out of a total possible supply of 111.11 million tokens.
Distributing gameplay emissions to @ParallelTCG players with 1+ $PRIME in winnings as of December 14, 2023.
Gameplay emissions are sent @BuildOnBase. Please remember to check Base wallets! pic.twitter.com/llHVtG1Fqo
— Echelon (@EchelonFND) December 16, 2023
Based on recent performance, Echelon Prime’s trading trend is above the 200-day simple moving average. Over the past month, the project has seen positive gains for 15 days, accounting for half of the observed period.
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