Top Trending Crypto Coins on DEXTools – PEPE, FINE, SHIA
The current state of the crypto market shows an increase of 1.35% in its market capitalization in the last 24 hours. This rise is aiding the emergence of numerous trending crypto projects even higher than Wednesday. New initiatives are being introduced, and previously overlooked projects are gaining prominence. This trend is vividly reflected in the ever-changing list of hot crypto pairs on DEXTools, which strives to accommodate as many of these projects as possible.
CoinMarketCap also provides a roster of top-performing cryptocurrencies, each making significant individual strides. While the overall market performance may need to be more robust, individual assets are achieving positive results.
It’s important to note that activities within the crypto market are interconnected with broader global financial dynamics. Asian stock markets are seeing gains as traders assess that a minor positive surprise in US inflation was unlikely to result in higher interest rates. Meanwhile, the Euro remained strong ahead of a European Central Bank meeting, where expectations favor a potential rate hike.
Most Trending Crypto Today – Top List
The broadest index of Asia-Pacific shares outside Japan, represented by MSCI, advanced by 0.6%, marking its most favorable session in a week and a half. Tokyo’s Nikkei index surged by 1.4% to reach a one-week high, while India’s BSE Sensex climbed by 0.5% to establish a fresh record peak.
1. Pepe (PEPE)
Pepe has emerged as the leading performer among meme coins, surpassing both Dogecoin and Shiba Inu in the past 24 hours. As of the latest update, PEPE was trading at $0.0000006785, marking a growth of 2.01%. In contrast, SHIB and DOGE saw gains of 0.88% and 1.12%, respectively.
The recent upswing in PEPE’s value can be attributed to the overall positive sentiment in the market, driven by the release of the US inflation Consumer Price Index (CPI) data. According to the US Bureau of Labor Statistics, consumer prices exhibited an upward trajectory, primarily fueled by a surge in oil prices. In August, the CPI increased by 0.6% compared to the previous month and 3.7% compared to the previous year, surpassing economists’ forecasts of a 3.6% annual increase. With PEPE currently trading at $0.0000006785, achieving millionaire status with a mere $0.0000006785 investment may be within reach.
🐸 $PEPE Official Links 🐸
— Pepe (@pepecoineth) September 9, 2023
Data from Santiment reveals a significant surge in the number of PEPE tokens being deposited on exchanges, skyrocketing from 116 billion coins to 950 billion tokens since September 9. Additionally, active deposits of Pepe Coin surged from 73 to 170 transactions at the time of writing.
2. FINE (FINE)
FINE is currently trading at $0.000000031 and notably secured the top spot on Dextools hot pairs at the time of this report. It indicates that there is significant investor interest in the network. FINE commenced trading on September 7 and achieved an all-time high of $0.000000048 on September 8.
As outlined in the roadmap, the developers of Fine have plans to list the token on CoinGecko and CoinMarketCap soon. The second phase of their strategy focuses on community partnerships and listings, including a mini-casino powered by FINE to enhance the token’s utility.
To expand the ecosystem to 5,000 holders, the team hopes to leverage digital marketing campaigns. Furthermore, FINE’s listing on Uniswap is expected to positively impact its price.
FINE is currently in a sideways trend on the 1-hour chart. On the daily timeframe, it recorded three consecutive green candles from September 7 to 9 before experiencing a decline on September 10, as early buyers sought to take some profits.
The Relative Strength Index (RSI) is currently in the green zone, with a value of 77, as it recovered from the overbought region it was on September 8. The Moving Average Convergence/Divergence (MACD) also recovered from the dip below its signal line, indicating a buy signal.
3. Shia (SHIA)
The price of Shia (SHIA) has recently increased in the last 24 hours. It quickly recovered from the downturn it suffered. Selling at $0.1056 on September 11, the token currently sells at 0.1289 on the 14th.
— Crypto Solutions (@creptosolutions) September 10, 2023
The level of $0.1056 was the daily and all-time low for the token. However, since this dip, the price has staged a strong recovery.
Looking at the weekly performance, SHIA has seen a substantial drop of nearly 44% since September 5, when it was priced at $0.269.
The price exhibited rapid fluctuations on September 6, with a sharp surge in the day’s final hours, briefly pushing it back to $0.25. Following this, the token’s value began a downward spiral, finding support at $0.132 on Friday, September 8.
Over the weekend, SHIA fluctuated within this support and resistance range at $0.15. Unfortunately, the support level eventually gave way on Sunday, dropping to $0.12. Monday witnessed a brief surge back to $0.15, followed by the previously described drop.
Furthermore, the token’s trading volume has dwindled to just $3 million, significantly lower than the average daily volume of $5.6 million observed yesterday and the peak of $8.79 million on September 6 during the past week.
The latest uptick is set to take SHIA back to its initial levels where it can break its barriers. Traders should participate in the token’s rise as much as possible.
What Might Be The Next Top Trending Crypto?
Bitcoin BSC (BTCBSC) is a presale token that has rapidly emerged as one of the most talked-about stake-to-earn projects in the crypto space. It has successfully raised over $1.7 million to date. The project is generating an overwhelming buzz as it continues to secure funding, even amidst the turbulence in the Bitcoin market, showcasing the palpable “Fear of Missing Out” surrounding this initiative.
Huge gratitude to the entire #CryptoCommunity for the support!
— Bitcoinbsc (@Bitcoinbsctoken) September 13, 2023
Investors are flocking to Bitcoin BSC because they believe in its potential to create a supply shock in the market, potentially triggering an immediate price surge upon its launch. Consequently, investors are eager to establish their positions ahead of the Uniswap decentralized exchange launch. They aim to capitalize on passive income from staking and the anticipated appreciation in the token’s value.
In a landscape where Bitcoin’s future is uncertain, Bitcoin-based derivatives are increasingly dominating discussions. Bitcoin BSC (BTCBSC) joins a recent line of successful Bitcoin-based derivatives.
The excitement surrounding Bitcoin BSC continues to mount, with the project managing to raise over $1.3 million in under seven days, even amidst the recent Bitcoin price crash. Investors are particularly drawn to the stake-to-earn ecosystem, believing it has the potential to trigger a significant supply shock in the open market post-launch.
Bitcoin BSC represents a novel Proof-of-Stake BEP-20 iteration of Bitcoin built on the Binance Smart Chain. The project introduces an innovative stake-to-earn utility, offering passive rewards to participants within the ecosystem. Instead of relying on energy-intensive mining, stakers can earn a passive income through the easily accessible PoS staking consensus mechanism.
The Bitcoin BSC-verified staking contract aligns with the original Bitcoin block rewards schedule. Individuals staking $BTCBSC receive a portion of rewards through an energy-efficient PoS mining algorithm. The more $BTCBSC staked, the greater the share of rewards for individual stakers. The staking pool is already operational, with stakers earning over 400% APY at the time of this report.
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