DEXTools’ Top Trending Cryptocurrencies – DAO Maker, PowerLedger, BTCX

adminDecember 12, 2023

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While the year is ending on a positive note, cryptocurrency investors are bracing for a pivotal determinant that will shape their strategies for next year. Central bank interest rate changes and the impending US regulatory verdict on new Bitcoin products will influence their decisions.

This year saw a recovery in cryptocurrencies after the turbulent events of 2022. Amid market turmoil and a series of scandals, including the collapse of FTX and legal troubles involving CEO Sam Bankman-Fried, the industry’s credibility has faced serious challenges.

Bitcoin, which serves as a key market indicator, has seen a remarkable rise, doubling its value and hitting a 20-month high of $42,000 per token in November. Bitcoin’s performance has received considerable attention, with 2023 recording its best year for percentage growth since 2020.

However, recent market movements have painted a mixed picture. Bitcoin experienced a notable intraday decline of up to 7.5% on Monday, its biggest drop since August 18. Although it recovered slightly to trade down 3.3% at $42,383, the broader market mirrored this decline, with major cryptocurrencies facing significant declines. It slid the index covering the top 100 digital assets to its biggest decline since November 22.

DEXTools’ most popular cryptocurrency coins

An important insight into the current state of the market reflects the global cryptocurrency market capitalization of $1.58 trillion, down 3.03% from the previous day.

In contrast, in the last 24 hours, the overall cryptocurrency market size surged to $74.02 billion, representing an impressive increase of 43.98%. Within this volume, decentralized finance recorded $9.85 billion, accounting for 13.31% of the total cryptocurrency market 24-hour volume. In particular, stablecoins accounted for 88.92% of the entire cryptocurrency market’s 24-hour trading volume at $65.82 billion. These figures capture the evolving dynamics within the cryptocurrency landscape, indicating both fluctuations and steady growth in specific sectors.

1. Power Ledger (POWR)

Among the numerous cryptocurrency projects presented on DEXTools, PowerLedger (POWR) stands out as a blockchain-based cryptocurrency and energy trading platform originating from Australia that allows for the decentralized sale and purchase of renewable energy. The platform provides consumers with access to a variety of energy markets.

Like other assets taking advantage of the current market upswing, PowerLedger has also surged, gaining 12.20% in the last 24 hours. The recent gains pushed the price to $0.396121, reflecting a significant 41.40% increase over the past 7 days. PowerLedger has a circulating supply of 430 million POWR tokens, with a total market capitalization of $170.5 million.

POWR price chart

This token has an impressive historical performance, with an all-time high of $1.89 recorded on January 7, 2018. The current POWR price is 78.77% below its all-time high. Conversely, POWR’s all-time high is $0.03262537. The asset’s current price is 1,130.25% above its all-time low.

PowerLedger’s price has surged 41.80% over the past seven days, outperforming the 2.50% rise in the global cryptocurrency market and outperforming similar Ethereum ecosystem cryptocurrencies, which have risen 12.70%. It was the ingenuity of focus that made this feat possible. Unlike other platforms that sell intangible assets, the renewable energy identity is attracting more investors to PowerLedger.

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— Power Ledger (@PowerLedger_io) December 11, 2023

PowerLedger radiates positivity in the cryptocurrency community as it aims to be the best cryptocurrency. Users express confidence in the platform’s unique abilities.

2. BTCX (BTCX)

The BTCX token is another powerful force seeking to redefine the trajectory of the cryptocurrency world by driving innovation in staking, burning, and pre-sale strategies. With visionary leadership inspired by Twitter’s rebrand and Elon Musk’s influence, the BTCX token secured $1.5 million in funding early in the pre-sale. It envisions a revolutionary leap forward toward the next Bitcoin era on its way to becoming the top trending coin.

Our success in raising $10 million worth of platform funding in August highlights our efforts to address inefficiencies in the industry. In the spirit of Bitcoin’s early days, the BTCX token set out to revolutionize the cryptocurrency space, solving problems of volatility, inefficiency, scalability, and sustainability. With influential backers and an experienced advisory board, BTCX token strengthens its innovative presence and technological infrastructure.

The BTCX token introduces a pioneering burn model that strategically controls supply by permanently reducing circulating tokens. This scarcity-centric approach, coupled with the innovative strategies of industry giants, promises a stable ecosystem and valuation and sets a precedent for intentional, sustainable burn mechanisms.

BTCX price chart

Revolutionizing the staking landscape, BTCX tokens provide a comprehensive and simplified approach to enable passive token returns through disruptive algorithms. This user-centric model fosters community engagement, aligns incentives for growth and user rewards, and sets a new standard for staking practices.

Meticulously structured with a total token supply of 21,000,000 BTCX tokens, the token economics strategically allocates tokens for pre-sale, burn, reward staking, and liquidity. The successful pre-sale reflects market confidence and demonstrates the community’s belief in the potential of this pioneering project to address evolving market needs.

Rooted in inspiration and innovation, the BTCX token is poised to lead the next Bitcoin era by building connections across liquidity hubs without fragmentation and ensuring relevance, resilience, and adaptability in the dynamic crypto landscape. BTCX is currently selling for $0.015, attracting more investors to the Ethereum-based network.

3. DAOMaker (DAO)

DAO Maker (DAO) is making great strides in the cryptocurrency market. It is a platform focused on revolutionizing the environment for cryptocurrency startups by providing growth technologies and Software-as-a-Service (SaaS) solutions. It simplifies venture capital underwriting for startups, drives engagement in initial DEX offerings (IDOs), and guides projects that build strong communities transformed through tokens into value-driven members of decentralized autonomous organizations (DAOs).

DAO price chart

DAO Pad, the cornerstone of the platform, enables retail users to participate early in digital assets and stocks, driving crowdfunding for budding protocols and attracting smaller participants. Operating through a series of services, DAO Maker incubates projects, promotes social mining rewards, and extends advisory support to help startups solve early-stage problems and foster community growth.

DAO Pad stands out as a dynamic tool that monitors the progress of incubated projects and provides exclusive opportunities and insights. Using a lottery-based system, Strong Holder Offering (SHO) ensures fairness and reliability by prioritizing trusted participants in token allocation. The platform’s social mining feature encourages community participation, encouraging members to actively contribute to the development and improvement of their startups.

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Timeline:
Start: Early January
Increase: $300,000 $DAO
PEG: TBC pic.twitter.com/LvB3wmgF69
— DAO Maker (@daomaker) December 11, 2023

Primarily aimed at supporting cryptocurrency startups, DAO Maker solves early-stage communication and promotion issues. Cultivate a vibrant and engaged startup community by expanding our marketing, SEO, and community-building services. DAO Maker’s diverse range of products, including the innovation-focused DAO Pad, SHO, and Social Mining, highlight its commitment to fostering the growth and success of emerging cryptocurrency projects.

At the time of this report, DAO is selling for $1.20, allowing investors and traders to buy as much as they want.

What is the next most popular cryptocurrency?

Bitcoin Minetrix (BTCMTX) is one of the most prominent cryptocurrency projects of this time. It raised over $5 million in its ongoing pre-sale ICO and drew attention to its innovative “Stake-to-Mine” model, which allows users to earn BTC by staking BTCMTX tokens.

This groundbreaking approach democratizes Bitcoin mining, expanding accessibility to more people. In addition to “Stake-to-Mine,” Bitcoin Minetrix’s platform also offers a staking protocol that allows users to lock BTCMTX and earn annual returns of 117%.

The inclusivity of the project has resonated well within the cryptocurrency community, evidenced by a surge in Telegram channel membership of over 6,400 members, signaling growing interest in Bitcoin Minetrix’s features.

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— Bitcoin Minetrix (@bitcoinminetrix) December 11, 2023

Currently priced at a low price of $0.0121 during the pre-sale period, BTCMTX tokens are expected to rise in price in the coming days. After the pre-sale, the development team plans to list BTCMTX on the public market, potentially injecting liquidity into the token.

With innovative features, a successful pre-sale, and a strong roadmap, Bitcoin Minetrix is emerging as a strong alternative to BTC amid market volatility and is gaining attention as a project to monitor closely.

Visit Bitcoin Minetrix.