The crypto market is again experiencing a slide after it saw some gains yesterday. Thursday’s gains were soothing for the market following four days of decline. Market observers expected the bullish breakout to be sustained for quite a while, but that wasn’t the case.
The last 24 hours saw mixed trading on several market fronts till bears took over. Even gains on DEXTools have yet to do their usual job of holding their grounds solidly. Nevertheless, there are a few sustained top-trending coins, as always.
The primary stock indices in the UK surged over 1% on Friday, poised for significant weekly gains following a wave of economic indicators that sparked investor optimism about a potential peak in interest rates. The FTSE 100, the leading blue-chip index, climbed by 1.1%, while the midcap FTSE 250 index increased by 1.3%.
Despite a previous day’s market downturn, both indices appeared on course to conclude the week with substantial gains. This optimism emerged due to reduced inflationary pressures and indications of a slowdown in economic growth, prompting speculation about potential interest rate reductions by the Bank of England.
Top Trending Crypto Coins on DEXTools
Official data released on Friday revealed an unexpected decline in British retail sales volumes for October, suggesting that consumers, dealing with financial constraints, opted to limit spending and remain homebound.
1. Beam (BEAM)
Beam (BEAM) is currently priced at $0.00842042, with a 7.56% decrease in the last 24 hours but a significant 33.99% increase over the past seven days. With a circulating supply of 43 billion BEAM tokens, the market capitalization of Beam stands at $359.15 million.
The highest recorded price for Beam (BEAM) is $0.01163034, noted on Oct 26, 2023, indicating that the current price is approximately 28.83% lower than the all-time high. In contrast, the lowest price, observed on Oct 29, 2023, at $0.00433830, signifies that the current price is notably 90.80% higher than the all-time low.
Beam’s fully diluted valuation is estimated at $528.54 million, representing the potential maximum market capitalization, based on an assumption of 63 billion BEAM tokens in current circulation. Realizing this FDV could take multiple years, depending on the token emission schedule.
We’re now burning $BEAM.
31,829,295 to date and counting 🚒 pic.twitter.com/Ot3rMtd20c
— Merit Circle (@MeritCircle_IO) November 17, 2023
Regarding price performance, Beam (BEAM) has outperformed the global cryptocurrency market, exhibiting a 34.00% increase in the last seven days, while the broader market experienced a downturn of 2.30%. Additionally, Beam has outperformed similar cryptocurrencies in the Ethereum ecosystem, showing an increase of 12.70%.
The market sentiment around Beam remains predominantly bullish despite its low price. Over 85% of users express positive sentiments about its status as a top-trending cryptocurrency.
2. DEXTools (DEXT)
Another top-trending cryptocurrency in the market today is DexTools (DEXT). It is trading at $0.609772, indicating a 6.46% decline over the last 24 hours and a 12.61% decrease in the past seven days. With a circulating supply of 89 million DEXT tokens, the cryptocurrency boasts a market capitalization of $54.48 million. Its low trade notwithstanding, DEXT remains a top-trending coin today.
The highest recorded price for DexTools (DEXT) is $0.940315, documented on Mar 09, 2021, marking a current price approximately 34.63% lower than the all-time high. Conversely, the lowest price ever paid for DexTools (DEXT) was $0.00001117, logged on Jun 19, 2020, indicating an astronomical 5,504,258.02% increase from the all-time low to the current price.
DexTools’ fully diluted valuation is estimated at $80.77 million, projecting the maximum potential market capitalization based on a scenario with 130 million DEXT tokens in circulation. However, achieving this FDV might span multiple years, contingent upon the token emission schedule.
Hey $DEXT Community!
We hope you had a great experience at @DEXTForceFest last weekend in Barcelona!.
There was only one thing left to do…🧑🏭👩🏭
— DEXTools (@DEXToolsApp) November 13, 2023
In terms of recent price performance, DexTools (DEXT) has experienced an 11.90% decline in the past seven days, exhibiting underperformance compared to the global cryptocurrency market’s decrease of 2.30%. Additionally, when juxtaposed with similar cryptocurrencies within the Ethereum Ecosystem, which displayed a 12.70% increase, DexTools needs to catch up.
3. TokenFi (TOKEN)
TokenFi (TOKEN) is currently priced at $0.02962362. Much like other top-trending cryptocurrencies, it has seen a decline of 16.81% in the last 24 hours despite experiencing a 6.46% increase over the past seven days. Its trading volume over this period reached $10.61 million. With a circulating supply of 1.2 billion TOKEN tokens, TokenFi is valued at a market capitalization of $34.71 million.
The highest historical price for TokenFi (TOKEN) is $0.053880, recorded on Nov 02, 2023, approximately 15 days ago. The current price remains roughly 44.68% lower than this all-time high. Conversely, the lowest price recorded for TokenFi (TOKEN) is $0.00004984, observed on Oct 27, 2023, about 21 days ago. This marks an exceptional surge of 59,704.26% from the all-time low to the current price.
TokenFi (TOKEN) has a fully diluted valuation of $298.66 million, projecting the theoretical maximum market capitalization should the maximum of 10 billion TOKEN tokens circulate.
TOKENFI PARTNERS WITH COINGECKO
TokenFi / $TOKEN has formed a strategic partnership with CoinGecko and will leverage CoinGecko’s enterprise API solution and massive platform reach to accelerate TokenFi’s goal of becoming the top tokenization platform in the projected $16… pic.twitter.com/xLMhanJ8Rn
— TokenFi (@tokenfi) November 16, 2023
Regarding recent price performance, TokenFi (TOKEN) has exhibited a 7.90% increase over the past seven days, surpassing the global cryptocurrency market’s decline of 2.40%. However, compared to similar cryptocurrencies within the Ethereum Ecosystem, which displayed a 12.70% increase, TokenFi has shown comparatively lesser performance.
Market sentiment indicates a bullish stance on TokenFi (TOKEN) today, with over 93% of users believing its capacity as a top-trending cryptocurrency.
What Might Be The Next Top Trending Crypto?
Venture capitalists in the crypto realm have directed their attention toward Launchpad XYZ, a platform aimed at democratizing algorithmic trading accessibility through its custom AI system, Apollo.
The LPX token from Launchpad XYZ has been attracting substantial interest during its presale phase, resulting in a remarkable total raised exceeding $2 million. This surge indicates enthusiastic investor support for the platform’s vision.
The overarching goal of Launchpad XYZ is to simplify and make crypto trading more accessible, mainly catering to newcomers within the space.
At the heart of the platform lies Apollo, an AI assistant designed to aid users in creating personalized trading frameworks suited to their risk preferences.
🐋 Spot the whales with #LaunchpadXYZ
— Launchpad.xyz (@launchpadlpx) November 17, 2023
Apollo leverages a comprehensive dataset encompassing over 400 diverse trading factors to generate alpha trading signals and fine-tune trading strategies.
An innovative addition to the project is the introduction of NFT access passes aimed at rewarding user loyalty. These passes span tiers from $50 to $25,000+, offering exclusive perks such as access to VIP Telegram groups, advanced analytics, and additional trade insights provided weekly by the Launchpad XYZ team. The NFT passes will be airdropped to token holders, bestowing intrinsic value upon LPX beyond its utility for accessing the trading platform.
Investors accumulating LPX tokens anticipate a paradigm shift in trading strategies facilitated by artificial intelligence and machine learning. They believe AI-driven tools like Apollo will revolutionize trading, enabling comprehensive analysis of vast datasets, from token price fluctuations to sentiment analysis.
Launchpad XYZ aims to level the playing field, empowering individual traders to compete on equal footing with hedge funds and Wall Street institutions by harnessing the potential of AI.
The far-reaching implications could significantly broaden participation in the cryptocurrency market, potentially inviting millions of new entrants.
For crypto whales and investors, the early involvement in Launchpad XYZ promises substantial potential gains if the platform successfully mainstreams AI-based trading.
Given that presale bonuses are still active, the current period might present an optimal opportunity to secure LPX tokens before its official launch.
Whether perceived as a novel tool in traders’ arsenals or a gateway into the crypto landscape, Launchpad XYZ emerges as a compelling and disruptive blockchain project poised to redefine decentralized finance.
Industry leaders recognize Launchpad’s potential to herald a new chapter in decentralized finance, evident from the substantial investments streaming in, indicating the potential for significant returns if this AI-centric platform realizes its full capabilities.
Visit Launchpad XYZ.
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