Top Trending Crypto Coins On DEXTools Froge, Veil, YPredict

Top Trending Crypto Coins On DEXTools  Froge, Veil, YPredict

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At the time of writing, the cryptocurrency’s market cap has fallen by 0.16% in the last 24 hours. Although the market was up about 1% on Saturday morning, a correction occurred a few hours ago. The market may be in for a long weekend as traders take a break from researching trending cryptocurrencies.

Investors are at a crossroads over the possible timing of a global interest rate cut, a factor weighing on the dollar, especially during what is typically a difficult time of year. This adds great weight to the upcoming inflation data. At the same time, China is considering its growth prospects, which is further unsettling the economic landscape.

In Dubai, world leaders attended a summit on climate change. However, no consensus has been reached on strategies or funding to address this problem and there is no immediate solution.

The dollar is on track for its weakest monthly gain of the year, currently down 2.7%. Speculation about a rapid rate cut by the Federal Reserve next year has driven investors into undervalued Treasury bonds. As a result, profitability recorded the largest monthly decline in the last four years, causing stock prices (represented by the .SPX index) to rise at the expense of the dollar. The timing of these simultaneous movements poses challenges for green cards.

The most popular cryptocurrency on DEXTools

Historically, December is a difficult month for the dollar. Data for 1973 show an average December loss against the dollar of 0.9%. However, the currency typically recoups these losses in January with an average gain of 0.98%.

Statistically speaking, a continuous decline for three or two months in a row is unlikely. Of the 16 cases in which the dollar weakened in November and December, only four did the decline continue into January of the following year.

1. Rana (frog)

Proof Token (FROGE) began its meteoric rise in the DEX market after a Twitter mention from OpenAI President Greg Brockman, leading traders to speculate that the ETF token could be the next hot coin.

In recent months, the number of tokens traded on DEX platforms has increased significantly and projects with various tokens such as APX, SAMBO Bot, Baby Meme, TIME, ROCKY and IO have received a lot of attention.

PROGE price chart

The sharp rise in FROGE's value is linked to a narrative meme created by OpenAI President Greg Brockman, who posted the image on Twitter. Since the posted photo indirectly supported the meme, the DEX market reacted quickly and pushed Proofe tokens into the moonlight zone.

The FROGE token is currently trading at a market price of $0.0000000007720, representing a massive 24-hour move of 5,530%, aiming to consolidate newfound gains following a surge in Brockman's tweet.

The rally began at midnight on November 23rd, volume skyrocketed to over $16.2 million and attracted over 200 shareholders who contributed to the impressive rally. This rally has created a strong support area between $0.0000000004675 and $0.000000000800, which is now serving as a supply area for consolidation attempts.

Considering that the FROGE token has a market cap of $5 million (upside potential for a short-term meme coin issuance), the momentum could weaken from here, as shown by the change in transaction balance, which shows a selling pressure of 65 % shows. However, despite the selling pressure, FROGE is showing signs of resilience and maintaining a consolidation move above the actual support zone shown in the chart.

Additionally, bullish sentiment could increase due to positive actions from token contract developers, so price action is supported by locked liquidity at $771,000.

As things stand, FROGE has an upside target of $0.000000001225 (+60% potential) and a downside risk of $0.000000004675 (-38% potential). Therefore, despite the risky DEX trading, FROGE’s reward ratio is 1.56.

2. Veil (VEIL)

VEIL also gets along well today. It traded at $0.00554477, with a 24-hour trading volume of $331.97. This is an impressive 32.97% increase in the last 24 hours and a significant 150.82% increase in the last seven days. With 130 million VEIL tokens in circulation, VEIL has a market cap of $745,820.

The highest price recorded for VEIL (VEIL) was $0.510369 and was recorded on April 25, 2019, over four years ago. On the contrary, the current trading price shows a significant downtrend of 98.90% from its all-time high. In contrast, the lowest price for VEIL (VEIL) was $0.00009990, recorded over two years ago on April 7, 2021. The current price represents a staggering 5,496.24% increase from the all-time low.

VALE price chart

Over the past seven days, VEIL (VEIL) has performed extremely well, posting huge gains of 150.80%, outperforming the global cryptocurrency market which gained 3.70%. Furthermore, compared to other cryptocurrencies similar to privacy coins, VEIL (VEIL) has outperformed other cryptocurrencies, increasing by 2.40% over the same period.

Community sentiment towards VEIL (VEIL) as the most popular cryptocurrency remains very strong. Over 100% of users express positive sentiment and confidence in the cryptocurrency’s current performance and its potential future performance.

3. Pepper (PEPE)

Pepe coins have not been very popular in the market recently; However, it quickly became a symbol of resilience. The token showed resilience in the November 25 trading session after previously suffering minor losses. Since the last update, Pepe Coin saw a significant increase of 4.44% and was trading at $0.000001125 on November 25th. Additionally, trading volume has increased over the past 24 hours. 25.79% and will reach $66.02 million.

PEPE price table

The highest recorded price for the Pepe token (PEPE) was $0.02967233 and was recorded on August 29, 2023, about three months ago. The current trading price reflects a significant decline of 92.55% from its all-time high. In contrast, the lowest price for Pepe Token (PEPE) was $0.00121133 on September 27, 2023, about two months ago. The current price shows a significant increase of 82.38% from its all-time low.

In the last seven days, the price of Pepe Token (PEPE) has fallen by -13.80%, lagging the global cryptocurrency market, which has risen by 3.70%, and its associated Ethereum ecosystem cryptocurrency, which combined increases with the ecosystem. self. Time 12.70%.

Community sentiment regarding Pepe Token (PEPE) remains bullish, with over 100% of users expressing positive sentiment and confidence in the cryptocurrency's current performance and potential future performance.

What could be the next cryptocurrency trend?

yPredict acts as an innovative crypto research platform that leverages artificial intelligence to provide users with data-driven insights and analysis, enabling informed trading decisions. yPredict offers comprehensive market analysis, research tools, and price prediction capabilities and aims to change the way cryptocurrency traders view the market.

Essentially, the yPredict ecosystem revolves around the utility token YPRED with a total supply of 100 million tokens, 80% of which are earmarked for the pre-sale phase.

As a next-generation trading research and analytics platform, yPredict positions artificial intelligence to provide data-driven insights to new and experienced cryptocurrency traders. It analyzes various data in detail including ghost patterns, sentiment analysis, technical indicators, blockchain transactions and alternative data to generate actionable trading signals.

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