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News making rounds suggests that some FTX SOL holdings could soon enter the market. that much Approximately $2 billion worth of liquidated tokens are reportedly set to hit the market, garnering interest from several investors, including venture capitalists.
However, the SOL sale may not immediately impact the overall price action of SOL because it has a four-year vesting schedule and is still locked up. Despite the news of asset sales, part Top Trending Cryptocurrencies on Solana Chain It is posting double-digit gains and there are signs that positive price action is ahead for the coin.
Most Popular Cryptocurrencies on Solana Chain
Additionally, degen investors are looking forward to the next meme coin season as the price of meme coins is falling across the market. Nonetheless, Sponge V2 continues to evolve. More details on Sponge V2’s performance are included in today’s update on the most popular cryptocurrencies on the Solana Chain.
1. Docoin (DAW)
Docoin (DAW) has seen a significant price surge over the past 24 hours. At a current price of $0.001220, Dawkoins recorded a trading volume of $316,815 during the same period.
This surge follows the volatility pattern of Dawkoins, which hit an all-time high of $0.003825 on April 1, 2024, and an all-time low of $0.000685 on April 5, 2024. Specifically, the cycle low reached $0.000685 and the cycle high reached $0.001582.
Cryptocurrency market sentiment, as indicated by the Fear & Greed Index, is currently at 75, reflecting the greedy sentiment among investors. Additionally, Dawkins has a strong presence in the market, ranking 394th in the Meme Coins category and 7th in the Solana Coins and Tokens category.
Dawkoins’ rise to fame is rooted in a unique narrative. Created in honor of renowned biologist and author Richard Dawkins, who is credited with conceptualizing the concept of “memes” in his seminal work “The Selfish Gene,” Dawkoins quickly gained traction within the meme coin community.
Moreover, Dawkins himself expressed interest in the creation of Dawkoins, acknowledging the token’s tribute to his contributions. The token gained further attention after receiving a shout-out from Elon Musk, popularly known as the Dogefather.
🚀 The market knows the “Father of Memes.” @Richard Dawkins We will leave a legacy on the blockchain. @YahooFinance https://t.co/igTpIXoyNv
— DawkoinsOnSol (@DawkoinsOnSol) April 5, 2024
DAW tokens are primarily traded on decentralized exchanges, with Raydium emerging as a popular choice. Raydium’s DAW/SOL trading pair recorded a trading volume of $152,634 over the last 24 hours, indicating active investor participation.
2. Sky House (SKYH)
Sky Hause leverages the power of the Solana blockchain with the belief that it democratizes access to premium real estate investments. It aims to make fractional property ownership accessible to everyone, not just traditionally wealthy people or institutions.
At the heart of Sky Hause is the SKYH token, which serves the dual purpose of being a governance tool and investment gateway. SKYH token holders have the privilege of actively participating in shaping the future of the platform by voting on proposals and making important decisions.
Additionally, SKYH tokens are a prerequisite for investing in real estate within the Sky Hause portfolio and provide token holders with exclusive investment opportunities. In terms of performance, Sky Hause has a price of $0.000876, a 24-hour trading volume of $6,143.16, and a market capitalization of $267,254. The SKYH token has seen a significant surge of 33.37% in the last 24 hours despite its relatively low market power of 0.00%.
The token reached an all-time high of $0.000893 on April 6, 2024, while its lowest price of $0.000650 was recorded on April 4, 2024, marking an all-time low. Additionally, the lowest cycle $0.000852 and the highest cycle $0.000876 indicate fluctuations within that price range.
With a circulating supply of 304.95 million SKYH tokens out of a maximum supply of 500 million SKYH, Sky Hause currently ranks 7th in Solana coins and tokens by market capitalization.
3. Lite Finance (LYTE)
Built on the native $LYTE token, Lyte Finance is a DeFi protocol that aims to provide a financial enablement ecosystem for user empowerment and long-term sustainability. The protocol aims to build a decentralized treasury and create value for holders within the Solana network.
With a comprehensive protocol offering dynamic staking, referral system, and strategic funding, Lyte Finance provides users with a seamless and rewarding experience. The staking mechanism operates in 6-hour increments, allowing users to stake, claim rewards, claim compounded income or unstack LYTE tokens with a 2.5% fee applied to ensure sustainability.
The referral system encourages user engagement and community growth by allowing users to stake LYTE tokens, generate unique referral codes, and earn 5% of referral earnings. Staking LYTE tokens unlocks this feature, enhancing the functionality of the protocol and promoting Lyte Finance within the community.
Looking at the current performance, the price of Lyte Finance (LYTE) is $48.96 with a 24-hour trading volume of $66,014.99, a significant price increase of 73.60% in the last 24 hours. However, circulating supply data is not currently available.
Staking APR has increased!
👉https://t.co/2H4pbmNAvM
30% of the supply is already staked, so take advantage of it! pic.twitter.com/svjQLAGqpu
— Lite Finance (@LyteFinanceSOL) April 3, 2024
Despite a price movement of 0.00% over the past 7 days, Lyte Finance has shown resilience compared to the global cryptocurrency market, which has experienced a decline of -3.60%. However, this lags behind similar Solana ecosystem cryptocurrencies, which increased by 16.20%.
LYTE tokens can be traded on decentralized exchanges, with Raydium being the most popular platform. Raydium’s LYTE/SOL trading pair recorded a trading volume of $66,032.80 over the last 24 hours. This indicates a surge in market activity recently, with a notable increase of 97.70% from the previous day.
What will be the next top trending cryptocurrency?
Sponge V2 It surpassed the outstanding performance of V1 in all metrics. It recorded a trading volume of over $250 million in ATH value, which is twice the market capitalization of V1. SPON\GE’s optimistic performance is not over. That’s because the platform recently revealed plans to launch invite-to-play-to-earn games. The goal is to create more demand for SPONGE tokens, thereby clearing up the supply.
🧽 ⚠️ Be careful ⚠️ 🧽
Moisture absorption in progress$sponge #SpongeV2 #altcoin pic.twitter.com/iw9XT0Ob7m
— $SPONGE (@spongeoneth) April 6, 2024
As the community anticipates the arrival of the P2E game Infinite, the recent price retracement of SPONGE tokens has created an opportunity to purchase. As a result, investors can fill their bags before the next meme coin season.
In the recent Memecoin pump, sponge It rose more than 100%, putting it on the top gainers list. As the market heads towards another meme coin rally, SPONGE is likely to become one of the most popular assets on the market. If the P2E game launch and rally overlap, the probability increases further.
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