DEXTools’ Top Trending Cryptocurrencies – Gemini AI, LiquidLayer Token, Bonk

adminDecember 10, 2023

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Over the past few months, Bitcoin has had an impressive surge in the cryptocurrency market, surpassing $40,000 and hovering around $44,000. This surge represents a significant year-over-year increase of approximately 170% and highlights the bullish trend in the cryptocurrency world. However, amidst this growth with Bitcoin and other top-tier cryptocurrencies emerging, the industry is demonstrating a diverse culture that goes beyond the controversial debates surrounding “no-coiners.”

“No-coiners” refers to a specific faction within the cryptocurrency space that exists alongside groups such as Bitcoin maximalists and other cryptocurrency enthusiasts, each with their own jargon and beliefs. People who don’t own coins should refrain from holding cryptocurrency and fervently advise others to follow suit. Their stance is influenced by the belief that the cryptocurrency space is inherently meaningless or tainted by criminal groups.

After the Web3 bubble burst in early 2022, those not issuing coins found ample evidence to support their position. Cases such as the collapse of Sam Bankman-Fried’s scam domain and the collapse of numerous blockchain projects driven purely by greed and hype have proven their skepticism. Criticizing cryptocurrencies has sometimes benefited certain writers who have built personal brands on their disdain for the industry.

Paradoxically, those who don’t hold the most solid coins are strikingly similar to the unique cryptocurrency enthusiasts they despise. Spending time vehemently opposing something reflects the fanaticism of certain cryptocurrency circles. Moreover, their constant negativity may not make them ideal company for social gatherings. Nonetheless, among the various tribes that make up the active cryptocurrency space, non-coin holders contribute their share to the multifaceted dynamics of this ecosystem.

DEXTools’ most popular cryptocurrency coins

In other news, the global cryptocurrency market cap has surged a notable 3.39% over the past day to $1.66 trillion. However, in the last 24 hours, the overall cryptocurrency market size decreased by 13.95% to $64.89 billion. The decentralized finance sector accounts for 13.08% of total market activity at $8.49 billion. Stablecoins also make a significant contribution, accounting for 87.73% of the total cryptocurrency market 24-hour trading volume, totaling $56.93 billion.

1. Gemini AI (GEMINI)

Google experienced a surprising 5% surge in share after unveiling its latest artificial intelligence (AI) model, Gemini. The surge pushed the company’s stock price up $6.91 to close at $136.93. As of the latest update, GOOGL has risen slightly to $137.21. MarketWatch data shows that Google stock has surged 55.20% year-on-year and a remarkable 47.51% over the past year.

The price is what you pay. Value is what you get.#gemini pic.twitter.com/JEc3zYD4Lw
— Gemini Project (@GeminiAIProject) December 9, 2023

The new product launch inspired the creation of ERC-20, bringing the cryptocurrency market into a building wave and allowing it to soon become the leading coin. The Gemini AI (GEMINI) token is up more than 200% in the last 24 hours as investors and traders flock to it.

With currently over 2000 holders, GEMINI has been quickly accepted by the market. The market capitalization also soared by more than $2 million, and the 24-hour trading volume hit $2.28 million.

The unveiling of Gemini marks Google’s aggressive return to the AI space and addresses observers’ concerns about the company’s plans for the technology. Analysts at Bank of America expect Google’s Gemini to significantly boost the company’s stock price trajectory next year.

GEMINI price chart

Amid this surge, a competitive battle has emerged between OpenAI and Google as the creators of ChatGPT aim to recruit talent from Google’s AI division. According to the report, OpenAI is luring Google researchers with compensation packages of up to $10 million, primarily through a stock offering. OpenAI’s plan to sell $80 billion to $90 billion worth of existing employee stock could help researchers transitioning ahead of this sale.

OpenAI CEO Sam Altman has reportedly expanded the offer to AI researchers at Google, increasing competition for top talent in the AI landscape. OpenAI also posts publicly job openings for research engineers, with salaries ranging from $245,000 to $450,000. This strategic move marks OpenAI’s aggressive pursuit to expand its talent pool amid the evolving AI competition.

2. LiquidLayer Token (LILA)

The next candidate for the most popular cryptocurrency spot is the LiquidLayer (LILA) token. This asset has garnered attention and continues to trend on DEXTools. The 24-hour trading volume reaches $987,780.51, showing an incredible price surge reaching $1.29. This surge shows that the token is up 69.69% over the past day and has risen steadily by 9.34% over the past week. With a circulating supply of 6.8 million LILA tokens, LiquidLayer’s market capitalization reaches $8.81 million.

LILA tokens can be traded on both decentralized and centralized cryptocurrency exchanges. Uniswap V2 (Ethereum) is the preferred platform for buying and trading LiquidLayer, boasting a very active trading pair LILA/WETH with a 24-hour volume of $927,592.

LILA price chart

LiquidLayer reached its all-time high of $1.95 13 days apart on November 26, 2023. The current price is 33.18% lower than the highest price. Conversely, LiquidLayer’s all-time low occurred about a month ago, on October 28, 2023, at $0.03444199. This puts the current price a whopping 3,685.83% above the low.

Over the past seven days, LiquidLayer (LILA) has seen a price increase of 10.00%, slightly behind the overall growth rate of the global cryptocurrency market of 11.10%. Moreover, it lags behind similar Ethereum ecosystem cryptocurrencies, which surged 12.70%.

3. BONK

One of the newest wonders of the cryptocurrency market is the Bonk Inu (BONK) memecoin, which despite its novelty is competing to become the best cryptocurrency. Since its launch, it has continued to attract significant interest among investors. In particular, BONK experienced a notable surge of 38.68%, reaching a trading price of $0.0000113, and its 24-hour trading volume surged 115.88%, reaching $201.77 million.

Bonk price chart

Solana-based memecoin Bonk Inu (BONK) hit an unprecedented all-time high today (December 8), surging a whopping 35% in the past 24 hours, according to data from CoinGecko. This surge increased its market capitalization to over $750 million, making BONK the 81st largest asset in the cryptocurrency sector.

BONK’s meteoric rise began last month and has seen an incredible surge of over 1,000% in the past 30 days. The rise reflects the hype surrounding the memecoin landscape, reminiscent of weekly 15% and 20% surges in popular tokens like Dogecoin (DOGE) and Shiba Inu (SHIB).

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– Bonk! (@bonk_inu) December 9, 2023

An interesting aspect to note is the airdrop value Solana Saga phone users receive upon purchase. Users received $10 worth of BONK for free during this event, and insights into its current valuation can be found in our recent report, highlighting the ongoing intrigue surrounding this fast-growing memecoin phenomenon.

What is the next most popular cryptocurrency?

The popular Wall Street Memes (WSM) memecoin is also seeing increased investor demand. This is more than your typical memecoin, with a fully operational online casino offering slots, table games, and the exclusive Bull Run Smash game.

Within a month of launch, Wall Street Memes Casino has amassed an impressive player base of over 18,100, generating a respectable $1.5 million in revenue.

WSM price chart

To bolster the value of WSM, Wall Street Memes Casino has committed to repurchase at least $100,000 worth of WSM tokens daily over the next three days, replenishing the $1.7 million in tokens it has already repurchased. These repurchased tokens will be earmarked for future airdrop plans, reward plans, and growth-focused efforts.

Complementing its buyback strategy, Wall Street Memes Casino offers token holders exclusive rewards and bonuses within an attractive loyalty program, contributing to the positive impact observed in the WSM token, which has surged 7% in the past week.

Ryan Cohen thinks he’s Warren Buffett pic.twitter.com/NA3BwIQIsD
— Wall Street Memes (@wallstmemes) December 8, 2023

Additionally, WSM holders can earn up to 43% per year by staking their tokens, with over 467 million tokens already locked in this staking process.

With demand for the meme coin surging and an ambitious token buyback strategy unfolding, traders are eyeing WSM as a top-trending coin and a potential candidate for explosive growth before the end of the year.

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