Most popular cryptocurrencies on Polygon – Defy, Farcana, Pearl

adminApril 17, 2024

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

Polygon Chain leads the layer 2 encryption category in terms of innovation and efficiency. Recently, it announced a collaboration with OKX Exchange, leading to the launch of the X Layer network. The mainnet launch of the

Likewise, the visibility of assets has increased in the Polygon ecosystem. Therefore, in this post we explore the market data of the most popular holdings on the network. It also highlights how increased visibility affects short-term and long-term prices.

Next Cryptocurrency to Explode

The ongoing cryptocurrency bear market threatens the return of the bull market. Older cryptocurrency projects are the most affected as they lose the marginal gains they accumulated during bull markets. However, when it comes to pre-sale cryptocurrencies, the trend is slightly different. Projects in this category have seen increased inflows as investors look for new cryptocurrency opportunities. Therefore, in this post we take a closer look at the performance of the Slotthana project to see how investors can capitalize on its impressive pre-sale performance.

1. DEFY

DEFY is a blockchain mobile game designed for a play-and-earn experience. Tokens blend virtual and physical realms to immerse users in the metaverse. It combines casual code-breaking gameplay with augmented reality (AR) adventures to provide users with a unique gaming experience.

The current price of DEFY is $0.0006363. The token gained 66.78% in the last 24 hours and 33.77% in the past week. Despite reaching an all-time high of $0.021782 in August 2022, DEFY hit an all-time low of $0.000360 on April 14, 2024.

With a price increase of 34.30% over the past 7 days, DEFY outperforms the global cryptocurrency market, which is down -10.70%. It is also 0.00% higher than similar tokens in the Polygon ecosystem.

DEFY tokens can be traded on both decentralized and centralized exchanges. With Quickswap being the preferred exchange, the DEFY/USDC.E pair recorded a trading volume of $17,734.88 over the last 24 hours.

DEFY_Price Chart

In 2023, DEFY performed best despite its price falling -22.53% from $0.007265 to $0.005628. Conversely, 2022 performed the worst with a significant price decline of -66.56% from $0.021727 to $0.007265. Over the past three years, DEFY has grown at an average annual rate of -44.55%.

Historical data shows that DEFY tends to perform best in the fourth quarter, boasting an average gain of 4.70%, while the first quarter is typically its worst performer, with an average loss of -54.27%. These trends also provide valuable insights into DEFY’s past price movements, helping investors in their decision-making process.

Currently, DEFY has 5.28 million holders and a circulating supply of 2.5 billion tokens. This data suggests that interest and activity in tokens is increasing within the cryptocurrency community.

2. Farcana (FAR)

Farcana is a free-to-play third-person arena shooter set on Mars featuring innovative abilities and a Web3 economy. Unreal Engine 5 powers gameplay, immersing players in intense 4v4 combat and competing for Bitcoin rewards in the Farcana Metaverse. Additionally, the game’s story revolves around forces fighting for control of Infilium, Mars’ most powerful energy source.

The current price of Farcana is $0.116999, with a 24-hour trading volume of $1.51M and a market cap of $38.98M. Despite the fluctuations, the price is up 1.01% in the last 24 hours. With a circulating supply of FAR 333.14 million out of a maximum supply of FAR 5 billion, Farcana ranks 32nd in the gaming category.

FAR_price chart

$200.18K worth of game liquidity and a large holder base of 93.17K contribute to this game’s prominence. Meanwhile, Farcana is traded on three cryptocurrency exchanges, giving investors ample opportunity to participate in the token. Additionally, Farcana’s price history indicates resilience, and its current value is well above the all-time low recorded on February 10, 2024.

Farcana also leverages unique features and immersive gameplay to attract players and investors. Integrating Farcana Labs’ AI solutions with wearables will enhance the gaming experience, setting you apart from the growing blockchain gaming scene on the Polygon network.

3. PEARL

PEARL serves as Polygon’s primary liquidity layer, focusing on RWA and driving value creation within the DeFi ecosystem. Our user ownership model encourages collective contribution from protocols and investors, positioning us as the best AMM in the decentralized economy.

PEARL_Price Chart

Pearl rewards liquidity providers to optimize trading conditions. Additionally, vePEARL, an ERC-721 NFT, provides voting rights to users who lock their tokens, allowing them to participate in governance decisions.

PEARL token trading is common on decentralized exchanges such as PearlFi V1.5 with active pairs such as PEARL/USDC.E. The recent surge in trading volume and market activity indicates growing interest in the token.

Pearl is the first CLAMM with on-chain reward calculation, providing transparency for all divers 🤿
Rewards are allocated based on the amount and duration of active liquidity provided, encouraging ongoing and strategic participation.
Transparent, safe… pic.twitter.com/Kcf57m90P4
— Pearl (@PearlFi_) April 5, 2024

Despite the recent price drop, PEARL maintains optimistic sentiment within the community and its market capitalization is rising, currently valued at $35.8 million. Its unique features, active trading, and growing popularity make it a worthy investment on the Polygon network, making it stand out among popular tokens.

What will be the next top trending cryptocurrency?

Slotana Silver will soon join the ranks of newly listed cryptocurrencies as the community prepares for its listing on exchanges. The team hinted at the upcoming exchange listing in a post on its official Twitter handle. However, the listing date has not yet been determined.

🚀 Faithful Slotthana, hold on to the branches! 🙂 We’re getting ready to share some major news. The official release date is coming soon! ⏰ A countdown timer will be hitting the site soon, so mark your calendars and get ready to set your alarm. Get the hype for Slotthana…
— Slothana (@SlothanaCoin) April 14, 2024

The plan is to airdrop SLOTH tokens to investors’ wallet addresses as soon as the project is launched on exchanges. The success of pre-sales is also worth noting. Therefore, SLOTH is not a cryptocurrency to ignore as it has the potential to outperform several meme coins that came before it.

Likewise, the project team has made it clear that investors still have the opportunity to purchase SLOTH tokens at the pre-sale price. The offer ends as soon as the token is listed on the exchange. Currently, investors can secure 10000 SLOTH tokens with 1 SOL.

The project boasts of a community of over 19000 followers on its Twitter handle. As a result, there is a pool of potential users who can provide an initial price pump. Typically, investors who join a project early get the most ROI at the initial pump. leaning sloth We are approaching the peak and investors looking for further information can find out more on our social media platforms and pre-sale pages.

Visit Slotthana Pre-sale