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Top Trending Cryptocurrencies on Solana – Jupiter, CoreStarter, Guacamole

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The trending Solana-based tokens on DEXTools indicate the market’s attempt to gather momentum, influenced by external factors. In this article, we will examine three top trending crypto coins on the Solana ecosystem that have recently gained traction on DEXTool.

New projects and existing tokens show high gain percentages and scores on the chart. This suggests that investors are injecting significant cash into these projects. Furthermore, these assets come at very affordable prices, allowing investors to accumulate them as much as they can afford. The key consideration will be how well these assets hold up and the returns they provide to investors. Thus, we will explore some trending tokens with promising potential for investor returns.

Top Trending Cryptocurrencies on Solana

Meanwhile, Solana’s SOL token experienced a remarkable year in 2023. The project surpassed several other major digital currencies as various factors drove aggressive price appreciation. The cryptocurrency, serving as the native digital asset of the Solana network, soared to an annual high of nearly $125 around Christmas, according to CoinMarketCap data. At this stage, the altcoin had surged more than 1,100% since the beginning of the year. In addition, CoinMarketCap figures indicate that it has garnered considerable attention recently.

1. Jupiter (JUP)

JUP is a governance token associated with the Jupiter platform, enabling community members to participate actively in decision-making processes. The platform is expanding its DeFi product offerings, including features like Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.

Initially focused on token swaps, Jupiter recently introduced GMX-style perpetual futures. Moreover, it also plans to release a decentralized stablecoin in the future.

JUP price chart

Furthermore, Jupiter aims to distribute tokens widely within its community. The project seeks to democratize blockchain accessibility while ensuring user data privacy and security through military-grade encryption.

Jupiter’s elite encryption capabilities enable the development of secure dApps on public and private networks. This aligns with its objective of making blockchain technology safe and accessible for everyone.

Furthermore, this combination of community governance and a commitment to privacy and security makes Jupiter worth adding to the watchlist. Jupiter presents a compelling option for those seeking exposure to the evolving blockchain landscape.

Meanwhile, Jupiter peaked on March 22, 2021, hitting $0.127394, its highest price ever. The lowest recorded price occurred on October 16, 2020, at $0.054359. However, after hitting its all-time high, Jupiter’s price dropped to $0.000560 (cycle low) and rose to $0.025732 (cycle high).

In the past year, Jupiter’s price surged by 126%. It outperformed 79% of the top 100 crypto assets and exceeded the performance of Bitcoin and Ethereum. Currently, the price prediction sentiment for Jupiter is neutral, while the Fear & Greed Index indicates a level of 63 (Greed).

Nevertheless, Jupiter’s best-performing year was 2021, witnessing an astounding 1,770.22% price increase. Typically, Jupiter performs best in Q1, with an average gain of 4,541.87%. However, it struggles in Q2, experiencing an average loss of -56.06%.

2. Guacamole (GUAC)

Guacamole Token operates on the Solana blockchain. It prioritizes decentralization and security in encrypted peer-to-peer transactions within the decentralized finance (DeFi) space.

The project incorporates digital identification and an advanced encryption algorithm to secure and authenticate transactions, ensuring utmost security. Its mission and objective are to provide a secure, reliable, and decentralized platform for digital transactions. These objectives come with features such as digital identification and advanced encryption.

GUAC price chart

Furthermore, GUAC tokens are available for trading on centralized and decentralized crypto exchanges. CoinEx is the most popular exchange for buying and trading Guacamole. The most active trading pair is GUAC/USDT, boasting a trading volume of $6,017.36 in the last 24 hours. However, other popular options include Bitget and Orca.

In the past seven days, Guacamole (GUAC) has seen a price increase of 64.60%. This upswing in price has seen it outperform the global cryptocurrency market, which has seen a modest 3.90% increase. Furthermore, GUAC has surpassed similar Solana Ecosystem cryptocurrencies, which have experienced a 16.20% increase in the same period.

Regarding GUAC’s price history, it peaked on August 2, 2022, hitting an all-time high of $0.00001401. Conversely, its lowest recorded price occurred on May 10, 2023, at an all-time low of $0.061524.

However, since its all-time high, the lowest price dropped to $0.061524 (cycle low) and later rose to $0.061578 (cycle high). Currently, the price prediction sentiment for Avocado is bearish, while the Fear & Greed Index indicates a level of 63 (Greed).

3. CoreStarter (CSTR)

CoreStarter is a cross-chain fundraising platform on Solana featuring an NFT marketplace and high-yield staking. Its vision is to support small investors and foster true decentralization.

However, unlike traditional launchpads favoring large investors, CoreStarter aims to empower smaller ones. It rewards them with higher APY through its reverse algorithm model. This innovative approach creates a level playing field where long-term stakers and low token holders are rewarded for loyalty.

In addition, CoreStarter stands out for its interoperability with blockchains like Binance, Ethereum, Matic, and Cardano. This feature enables startups to access a decentralized finance protocol for fundraising. In addition, they benefit from built-in stake rewards powered by CoreStarter DAO.

With a rigorous project selection process, CoreStarter ensures that only the highest quality projects and founders are featured on its platform. Also, the platform focuses on authenticity and code quality to uphold its standards.

Furthermore, token holders can stake their CSTR tokens for high APY and participate in various IDOs. In addition, they have a say in project decisions through proposal voting.

CSTR price chart

With its commitment to empowering small investors and fostering decentralization, CoreStarter is a promising investment opportunity in blockchain. Moreover, by providing a secure platform for fundraising, CoreStarter further solidifies its position as an attractive option for investors.

Today, CoreStarter’s price sits at $0.002999. The token boasts a 24-hour trading volume of $268,291 and a market cap of $21,358. This indicates a market dominance of 0.00%.

Furthermore, the price of CSTR surged by 53.92% in the last 24 hours. Its highest price was recorded on November 17, 2021, reaching an all-time high of $0.706935. Meanwhile, the project’s lowest price occurred on November 4, 2023, at an all-time low of $0.001104.

Since its lowest point, the highest CSTR price reached was $0.006701. Currently, the CoreStarter price prediction sentiment is neutral, while the Fear & Greed Index shows 63 (Greed). With a circulating supply of 7.12M CSTR out of a maximum supply of 100.00M CSTR, CoreStarter is trading above the 200-day simple moving average.

In addition, it boasts high liquidity based on its market cap. The top-performing year for CoreStarter was 2023, witnessing an 11.51% price increase from $0.002901 to $0.003235.

What Might Be The Next Top Trending Crypto Coins 

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It implements a dual-revenue model, enabling users to stake their BTCMTX tokens and earn “mining credits” for cloud mining power. This innovative approach simplifies mining and provides a rewarding staking experience, potentially yielding profits of up to 87% annually.

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