Currently the most popular cryptocurrencies on the Ethereum chain – Multichain, Yield Magnet, Moon Tropica

adminJanuary 24, 2024

join us telegram A channel to stay up to date on breaking news coverage

top Popular Tokens There is upside potential on the Ethereum blockchain. We examine three of these coins to help investors make informed investment decisions.

The price of MULTI token has soared, making it one of the most popular cryptocurrencies on Ethereum at the moment. MULTI in particular is seeing increasing trading activity, with the cryptocurrency currently trading at $3.41, up 105.90% over the past seven days. The surge in the price of MULTI highlights the potential for the cryptocurrency to become more relevant on Ethereum.

Most popular cryptocurrencies on the Ethereum chain

Other tokens are also showing impressive momentum. Today, Yield Magnet surged 4.90%, giving the MAGNET token a new market presence and record high price.

Moon Tropica, on the other hand, rounds out the list of leaders with three straight days of gains after hitting a new year’s high today at $6.56. However, for investors, the value of these cryptocurrencies is rising rapidly. Ethereum Chain – Yield Magnet, Multichain, Moon Tropica – offer you the opportunity to profit from today’s cryptocurrency market volatility.

1. Multichain (MULTI)

Multichain operates on the Threshold Signature Scheme (TSS) principle. The token leverages Secure Multi-Party Computation (SMPC) to enhance security and eliminate single points of failure in cross-chain transactions.

The project also ensures secure transaction confirmation without completely reconstructing keys during the signing process, mitigating the risk of interception. It does this by generating parts of the private key independently across nodes.

However, the potential use cases for multichain are extensive. From managing asset accounts and smart contracts on various blockchains to the governance system VeMulti. These utilities reward MULTI token holders with veMULTINFT for processing transactions.

Next, the history of Multichain goes back to Anyswap, co-founded by Zhaojun. It has evolved into an infrastructure that supports arbitrary cross-chain interactions while maintaining a 26-chain network and a daily trading volume of over $100 million.

MULTI_pricechart

The project also helps blockchains become interconnected. These blockchains include Layer 2 chains (such as Avalanche) and Ethereum-connected chains (such as Polygon). It also accepts Parachains networks such as Polkadot’s Moonbeam.

Additionally, the introduction of VeMulti solidifies our commitment to strong governance mechanisms. MULTI token has seen an incredible price increase of 105.90% over the past 7 days. It outperformed the global cryptocurrency market and similar Polygon Ecosystem cryptocurrencies.

Additionally, trading is possible on platforms such as TokoCrypto, MEXC, and XT.COM. MULTI’s current price is $3.41 and its market cap is $65,935,953. Meanwhile, this price increase demonstrates promising growth for the token and its utility for investors seeking diverse blockchain interactions.

MULTI is an ERC-20 token issued on the Ethereum blockchain and secured through a Proof-of-Stake (PoS) consensus mechanism. Validators stake 32 ETH to participate in consensus and verify transactions.

2. Yield magnet (MAGNET)

Yield Magnet claims to be a forward-thinking DeFi platform that revolutionizes cryptocurrency trading on the Ethereum network. At its core is an innovative yield magnet. These YMMs act as advanced hedge funds, simplifying the process for users to easily create, manage and generate profits.

Additionally, the $MAGNET token offers attractive staking opportunities. This allows holders to earn a portion of every transaction in the dApp. Next, the $MAGNET token is poised to play a pivotal role in future developments and grant access to exclusive features.

Additionally, Yield Magnet’s mission is to transform the wealth management industry. We aim to achieve this by introducing the world’s first decentralized marketplace for asset managers and investors. A platform centered around the $MAGNET token prioritizes user utility, community engagement, and value enhancement.

MAGNET price chart

Additionally, investing in $MAGNET is likened to investing in an asset management business. Exposes the platform’s growth, staking rewards and value creation.

As a result, the platform’s commitment to innovation, security, and 12-month liquidity lock-in adds credibility. This positions $MAGNET as a foundational asset for future features. It also makes tokens a safe investment option in the evolving digital financial landscape.

Additionally, staking $MAGNET tokens will result in a share of platform fees and taxes arising from V2 token transactions. This provides an opportunity to align with the trading activity on the platform and benefit from continued growth.

Yield Magnet brings Wall Street to De-Fi with “Magnets”, the next generation of on-chain asset management.
Our current investment pool already allows for trustless and non-custodial asset management on blockchain. But Magnets will provide the next generation… pic.twitter.com/3dps23VLZh
— Yield Magnet (@YieldMagnet) January 22, 2024

Additionally, MAGNET tokens can be traded on decentralized exchanges. The main exchange is Uniswap V2 (Ethereum) and the most active trading pair is MAGNET/WETH. It boasts a trading volume of $16,496.12 over the last 24 hours.

Over the past 7 days, the price of Yield Magnet (MAGNET) is up 4.90%. This shows resilience compared to the broader cryptocurrency market, which experienced a drop of -9.50%. However, it falls short when juxtaposed against other Ethereum ecosystem cryptocurrencies, which showed an overall upward trend of 12.70%.

3. Moon Tropica ($CAH)

Moon Tropica features an expansive open world experience. It claims to blend nostalgic elements of classic childhood games with community engagement, cryptocurrency culture, and current events.

This unique concept involves a virtual realm where players can acquire digital real estate, craft items, and create business outlets to generate revenue. The native currency, $CAH, facilitates transactions within the Moon Tropica metaverse.

CAH_Price Chart

The project also aims to expand its value proposition through experimental features and engaging storylines inspired by current cryptocurrency events. The goal is to create a dynamic gaming environment.

The project’s vision extends beyond just games. The goal is to create an immersive metaverse where players create adventures in a community-managed virtual world.

Moon Tropica emphasizes community involvement. The focus on community development allows players to shape the direction of the game and create a healthy ecosystem based on their preferences.

Our #CAHmunity It’s growing! Congratulations on reaching 3000 followers today🙏#BillioAburst pic.twitter.com/aMOYmGrBeh
— Moon Tropica 🌙,🌴 (@moontropica) January 21, 2024

Additionally, the platform’s innovative use of non-fungible tokens (NFTs) provides real-world ownership of in-game assets. Meanwhile, multichain infrastructure and CAH tokens contribute to a continuously evolving experience.

Nonetheless, Moon Tropica aims to provide a customized gaming experience with a variety of economic systems targeting nostalgic gamers and cryptocurrency enthusiasts. This approach will encourage investment through genuine user participation and ongoing development collaboration.

4. LaunchpadXYZ(LPX)

Launchpad XYZ (LPX) pre-sale ends In just 16 hours, the project raised more than $2.7 million. Investors face a limited window to participate before LPX enters exchanges to disrupt the Web3 environment.

fist, #lunch padder! 🚀
There are 2 days left until my house. #Ticketing We’re getting closer! 🤯
Now is your last chance to join early and enjoy all the benefits. #LaunchpadXYZ must be provided.
Don’t miss it! 🙌#Cryptocurrency #web3 #altcoin #stress pic.twitter.com/u02t3aA3XR
— Launchpad.xyz (@launchpadlpx) January 22, 2024

Moreover, in this final step, potential investors can acquire LPX tokens for $0.0445 using ETH, USDT or credit/debit cards. Most importantly, the pre-sale victory sparked interest from influencers and optimistic predictions of significant revenue. This is highlighted by reports from famous YouTubers Alessandro De Crypto and Michael Wrubel.