DEXTools’ Top Trending Cryptocurrencies – Kelp DAO, Truebit, Vent Finance

adminJune 3, 2024

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DEXTools remains one of the leading cryptocurrency research platforms in the world. Currently, the top-performing cryptocurrencies on the platform are filled with memecoins and gaming projects. This token is witnessing an increase in fund inflows and is one of the most talked about tokens on social media recently.

This article covers some of the leading cryptocurrencies on DEXTools, especially those that have seen significant gains in the last 24 hours. It provides details of price movements over the period, including key data that may affect future performance.

DEXTools’ most popular cryptocurrency coins

Additionally, today’s post includes a special mention to the 99Bitcoins project. A few weeks ago, the 99Bitcoins project launched a pre-sale service for its own cryptocurrency, 99BTC tokens. We raised approximately $2 million through a token pre-sale and plan to launch an initiative that will change the history of education. More details about the project are included below.

1. Kelp DAO Restaked ETH (rsETH)

Kelp DAO, a decentralized autonomous organization, aims to improve liquidity, DeFi opportunities, and rewards for restated assets. We are making significant progress in the cryptocurrency world by providing a single liquid staking token for approved Liquid Staking Tokens (LSTs).

The current price of Kelp DAO Retaked ETH (RSETH) is $3,806.23 with a 24-hour trading volume of $7,971,226.45. In the last 24 hours the price has increased by 0.21%, while in the past week the price has decreased slightly by 0.16%. With a circulating supply of 300,000 RSETH, the token’s market cap is $1,126,547,904.

RSETH price chart

Additionally, the recent 24-hour trading volume was $7,971,100, showing a 52.40% increase from the previous day. This indicates growing interest and activity in the token.

RSETH has a volatile price history, reaching an all-time high of $27,914 on May 26, 2024, and a record low of $2,822.84 on May 1, 2024. The lowest price recorded since the all-time high was $3,642.83. The highest price since this cycle’s low was $4,044.49.

Market sentiment for RSETH is currently unspecified, but the Fear and Greed Index is at 73, indicating a greedy state in the market. This means investors are confident and are more likely to buy than sell.

2. True (TRU)

The Truebit Protocol is revolutionizing blockchain technology through its off-chain execution capabilities. Truebit leverages game theory principles to enhance on-chain computation power and provide trustless, secure, and scalable consensus for large-scale computations. This is a much bigger leap than what Ethereum can handle today. Additionally, the protocol supports easy-to-use programming languages, making it accessible to a wider audience.

Additionally, TRU tokens play a central role in the Truebit ecosystem. TRU tokens are created and destroyed based on demand. Each Truebit operation burns a TRU token, and users can purchase or destroy TRU tokens using ETH. When a user purchases TRU tokens, a portion of ETH goes into reserve escrow, and retirement transactions withdraw ETH from this reserve.

TRU price chart

As a result, the price of Truebit Protocol (TRU) is $0.2009. In the last 24 hours, the price is down 5.36%, although the trading volume reached $352,688.50. Over the past 7 days, the price has increased by 0.55%. Truebit rose 0.60% last week, outperforming the global cryptocurrency market, which fell 1.20%, but outperformed similar Ethereum ecosystem cryptocurrencies by 12.70%.

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— Truebit (@Truebitprotocol) March 27, 2024

However, trading activity has been declining recently. The most recent 24-hour trading volume was $352,735, down 8.90% from the previous day. This decrease in market activity may indicate a temporary decrease in interest or trading activity.

3. Vent Finance (VENT)

Vent Finance (VENT) is pioneering the first full-stack Cardano-Polygon community launchpad ecosystem. VENT aims to foster sustainable growth and make decentralized finance (DeFi) accessible to everyone. The platform focuses on simplicity, security, and transparency to advance the reputation and maturity of the DeFi space and the broader cryptocurrency ecosystem.

VENT uses an innovative Point Allocation System (PAS) to reward long-term holders and allow new users to participate. Social features within the platform allow verified users to interact with each other and exchange ideas with project creators. Additionally, the platform provides a secure environment for trustworthy transactions and complies with international regulations. Conversely, VENT provides project support through incubation partners, ensuring a comprehensive support system for new ventures.

vent price chart

Meanwhile, one of the important features of the VENT platform is a simple, one-time platform-level identity verification process. Additionally, the platform provides customer support at all stages of registration, KYC, and contribution to the project pool.

LE7EL IDO – Participation List and Sales Structure
List of items for @le7el_com IDO on Vent has been released! ✨
🔹Total amount raised: $100,000
🔹Price per token: $0.045
🔹Timeline: June 3-5, 2024
👉 Check your eligibility: https://t.co/bEa7vlmpfR
📆 LE7EL IDO Schedule: https://t.co/6TrfFcg6hA… pic.twitter.com/qmXI1p5D9Z
— Vent Finance (@VentFinance) June 1, 2024

VENT tokens are actively traded on both decentralized and centralized exchanges. The most popular exchanges include Pancakes Wap V3 (BSC), Gate.io, and LATOKEN. The most actively traded pair is VENT/BSC-USD, with a trading volume of $2,935.80 over the last 24 hours.

As a result, Vent Finance saw its trading volume increase by 12.80% over the last 24 hours, reaching $17,678.19. The current price of VENT is $0.008394, reflecting a 1.36% decline over the past 24 hours and a 6.48% decline over the past 7 days. Despite this recent decline, a circulating supply of 250 million VENT gives the token a market cap of $2,098,407.

What will be the next top trending cryptocurrency?

Anyone who follows recent cryptocurrency trends will recognize the impressive price movements of newly listed cryptocurrency projects. These projects outperformed the market and provided investors with a wide range of returns.

One of the newest projects to watch this season is 99Bitcoins. The project aims to disrupt how people gain knowledge about the cryptocurrency industry. In addition to teaching industry knowledge, the 99BTC project promotes Learn-to-Earn initiatives.

The initiative leverages the decentralized technologies of the cryptocurrency industry to provide effective learning experiences for learners around the world. With 99BTC as the platform currency, students anywhere in the world can earn significant profits. More importantly, early investors in 99BTC tokens have both short-term and long-term advantages.

Currently, 99BTC tokens are in pre-sale, so investors can purchase them at a discounted price of $0.00107. It also comes with a staking offer, allowing investors to earn significant APY on their staked tokens. Therefore, anyone who holds the tokens can earn passive income before the tokens are fully released.

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— 99Bitcoins (@99BitcoinsHQ) June 2, 2024

Investors and traders holding 99BTC tokens with APY will have unlimited access to trading signals. This not only gives them additional rewards. This will ultimately help you improve your trading success over time. Participating in the 99BTC token presale comes with several other benefits: More information can be found on the 99BTC website.

Visit 99bitcoins Presale