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The dark cloud over the crypto market is thickening with the marginal drop in Bitcoin price today. With giant tokens trading below the 62,000 price, many believe the bull market is over and the Fear/Greed Index is below 60 points for the first time in over four months.
However, as bearish sentiment grows in the crypto market, the top trending cryptocurrencies on the Solana Chain are posting impressive numbers. Some tokens on the chain have seen an increase of over 165% in the last 24 hours. The Solana network trend gives many people the idea that funds would likely move into alts in the coming months.
Top Trending Cryptos on the Solana Chain
Presale crypto trends are relatively different. Upcoming crypto projects continue to see growing interest from investors, with several projects raising tens of millions in a matter of weeks. 5th Scape is an ongoing pre-sale project that is becoming increasingly influential in the VR space. This article covers the project's pre-sale offer and shares an overview of what the project entails.
1, Popcat (POPCAT)
POPCAT is a recently launched memecoin project on the Solana chain, and in less than four months, the token has grown by over 2,200%. The project's webpage describes the memecoin as a team effort to give people who missed the BONK game a chance to get their share of the 1000x trends.
Despite cryptocurrency prices falling across the board, POPCAT has managed to show consistent price increases in recent times. Market data shows that the crypto saw its price increase by more than 40% this week and is well positioned to attract further increases in the coming weeks.
With a market capitalization of over $350 million, POPCAT is one of the fastest growing cryptocurrencies. Market capitalization is derived from the number of tokens in circulation. Around one billion POPCAT tokens are in circulation at the time of writing, according to the tipster on its Solscan data page. Likewise, according to DEXTools, it has over forty thousand holders and has completed over 26,200 transactions.
The project maintains a very engaged community with consistent interaction across social media platforms. The group's activity also explains the growing attention paid to it.
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– $POPCAT (@POPCATSOLANA) April 26, 2024
Popcat is trying to increase use cases and ensure that holders get value from the token. It has partnered with Solana-based platforms, such as the Solana Trojan. The partnership facilitates the exchange of the POPCAT token without fees. Details of the partnership are available on the project's official Twitter account.
2. Jiji (JIJI)
JIJI recently debuted on the Sol Chain with a market capitalization valued at $1 million and a liquidity value of $520,000. JIJI is a multi-chain utility project present on Solana and BNB chains. The token has a price of $0.0008314 at the time of writing and its trading volume is $46.88 million. The sudden increase in its trading volume, which represents almost 1,000% of its current market capitalization, is due to its appearance on the list of trending assets on Solana Chain.
The increase in trading volume also complements the rise in prices. In the last 24 hours, JIJI has seen its price increase by over 165%. If the community and team maintain this impressive trend, the project will likely see repeat appearances on the trending list in the coming weeks and quarter.
Additionally, JIJI also has a growing number of holders, as DEXTools records 3,400 holders, slightly more than what was observed the day before. Additionally, Solscan data shows that the project has completed over 50,402 projects, which could mean a growing use case.
Although the project has several advantages, JIJI has a significant drawback that threatens the long-term ability of crypto to maintain its value. According to its DEXTools data, the token has a high volatility rate, meaning its price fluctuates faster than most crypto tokens.
Additionally, the project needs more background information about its founders and team. Additionally, the operational details and white paper of the project are not available at the time of writing, making it slightly difficult to verify the overall value of the project.
3. Buna (BUNA)
Buna Games is a recently launched crypto gaming platform on the Solana channel that leverages GameFi trends to promote a fun, rewards-driven experience for users. The project combines memecoin with utility features to ensure token holders receive value for participating in its community.
Buna, the name of the project's mascot, is described as a super cat with a unique mission. The project claims the mascot will eliminate traditional financial barriers and give the power to create wealth to community members around the world. The project is gradually gaining ground across the world.
According to information on DEXTools, the project has over 3,200 holders at the time of writing. The token supply would be around 4.1 million BUNA and would have a market capitalization of $4.19 million. Buna's price received a slight increase in value due to recent interest in the project, especially since it appears on Solana's trending list today.
Despite Buna Game's impressive price and market data, its liquidity is lagging as DEXTools reports a liquidity value of $159.93k. It also contains limited general information about the team, partners and people behind the project.
$buna reigns over the whore universe
An additional 12.4% of tokens will be burned today!
Current burn: 58% / 95% target
burning time: 9:00 p.m. UTC pic.twitter.com/gagdGxu9LR
– Buna Games (@BunaCoinGames) April 27, 2024
Buna Games solves the GameFi problem by providing fast in-app payment services to blockchain-based games. If the project achieves the efficiency of the traditional payment system, it could unlock the future of Blockchain payment, as GameFi plays a vital role in the future of the industry. This also affects the burning strategy to reduce the circulating supply of its tokens.
What could be the next hottest cryptocurrency?
Virtual reality technology will ultimately revolutionize the way people consume content. The world sees various iterations of technology and the trends that develop around it. As the global economy entered the new year, we saw the dominance of the AI narrative, leading to the dominance of AI cryptocurrencies in the market.
Note: These videos should not be considered demo videos as they are not optimized to their full potential. There will be many upgrades in terms of environment, character customization, gameplay and many other factors.
This is just to show some previews of the initial version of…– 5th Scene (@5th_scape) April 24, 2024
However, the future is likely to increase the hype of virtual reality as users of VR equipment increase. Thus, the 5th escape strives to become a force to be reckoned with in space. It recently launched the pre-sale offer for the 5SCAPE token, intended to serve as the project's native currency.
5th Scape is designed to deliver premium content to VR users around the world. The project is described as the world's largest VR network and aims to distribute gaming and entertainment content across the network. Additionally, it also aims to provide educational content to VR users, another emerging use case of VR equipment.
However, at the moment it offers the 5SCAPE token to investors around the world at $0.00215. The expected listing price is $0.01, meaning the presale price is discounted by over 300%. The reduction is expected to be lifted soon.
Thus, investors who intervene early can lock in the value of the trades before the project goes live. Further details on participating in the pre-sale are available on the project website.
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