The most popular cryptocurrencies on the Ethereum chain today – Arky, Pepe, Kendu Inu

Ethereum and Bitcoin remain the dominant blockchains in the cryptocurrency ecosystem, accounting for nearly 70% share. But rising gas rates and associated costs are causing developers to explore other options. Despite the project leaving the Ethereum network, it still remains the platform of choice for many cryptocurrency projects.

The prices of the most popular assets on the Ethereum network rose significantly today. Today’s #1 picks are Arky, Pepe, and Kendu Inu. In this article, we share insights into the price movements of these tokens and predict their future performance based on current trends.

Currently the most popular cryptocurrency on the Ethereum chain

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1. ARKY

The ARKY community was inspired by popular cryptographer Hal Finney’s pet dog. He is considered a potential inventor of Bitcoin and blockchain technology. However, there is no concrete evidence to substantiate the claim. ARKY became increasingly popular after being named after a computer scientist and his dog ARKY. As of this writing, the project has a market capitalization of over $2 million and a trading volume of over $1.2 million.

As the project has grown in popularity, its holders have grown to 1.84k, according to the DEXTools data page. Etherscan also reported that ARKY saw a roughly 1% increase in holders today. In addition to growing its user base, the project has completed more than 32,000 transactions, confirming active use cases for the platform.

While ARKY has been receiving a steady influx of users, the token price has recently fallen slightly. However, the overall prospects of the project remain attractive, and Degen investors should keep an eye on the project’s trends.

Additionally, the project’s growing social media followers and engagement show that it can perform even better in the future. With only a few days on the market, ARKY’s potential has not yet been fully exploited, and investors can keep an eye on the project’s evolving market performance and price movements.

2. Pepper (PEPE)

Pepe remains one of the best performing meme cryptocurrencies on the Ethereum chain and the overall cryptocurrency market. What began as a fun project has grown into a multi-billion dollar startup, surpassing the likes of Bitcoin in terms of revenue potential. Currently, the token appears on DEXTool’s list of top gainers after recording a price increase of more than 5%.

Pepe’s price action is very attractive today. Especially since it posts price increases compared to Bitcoin’s falling price. Aside from meme culture, Pepe’s surge in popularity also stems from Perpetual’s recent approval on Bybit. Since last month’s announcement, Pepe’s price has been well ahead of the overall performance of the cryptocurrency market.

May the 4th be with you too $PEPE ⚡️🐸 pic.twitter.com/vI3bFRvsZ9

— Pepe (@pepecoineth) May 4, 2024

Meanwhile, there is also speculation that MEMCOIN will largely dominate market price movements in the future. This expectation is evident in the chart structures of most memecoins. Another notable memecoin trend is the increasing trading volume in the category.

According to market data, Pepe’s trading volume today is up more than 40%, which is consistent with the rise in the token price. This trend means that investor interest in the asset is growing, and it has also established itself in the coin market as one of the cryptocurrencies that will outlast its downward trend. It has recently broken out of its accumulation phase and has posted double-digit gains over the past seven days. Degen investors should keep trends on their watchlist because it shows that market trends are likely to be consistent on DEXTools’ trend list for the remainder of the market cycle.

3. REMOVE

Despite being a new memecoin project, Kendu Inu has gained notoriety among dengan investors, and its name is often mentioned alongside existing projects such as the currently popular Shiba Inu and Dogecoin. Kendu Inu has a dog mascot and a community of over 2900 owners.

Despite being a Memecoin project, Kendu Inu promotes a different story within the Ethereum network. This favors Japanese folklore, which positions the Kendu Inu mascot as a hero who unites Japanese dog breeds, maintains peace, and maintains the unity of the kingdom. In addition to focusing on community prosperity, we provide investors with long-term investment opportunities.

Kendu’s potential is clearly evident in recent market data. Currently, the project has recorded a profit of over 93% and trading volume has increased by over 20%. As investor interest in the project grows, it has become one of the top properties to watch in the market.

The time has come. $REMOVE We are officially taking over.

Deal with what comes in. pic.twitter.com/TB0UoXQgdo

— Kendu Inu (@KenduInu) May 6, 2024

Additionally, Kendu’s deflation feature reduces the circulating supply of the token. This means token holders should expect increased demand relative to supply, meaning the project is likely to maintain its increasing value in the coming months.

In general, Kendu’s recent performance has been optimistic. Nonetheless, the RSI trend shows that inventors can expect a downtrend soon. This makes it best to implement trading strategies that allow investors to take advantage of temporary dips and further price action.

What will be the next top trending cryptocurrency?

The next step is 99Bitcoin Pre-sale starts in 4 days. Investors have a limited opportunity to obtain 99BTC tokens at a discounted price of $0.00104. The project began pre-sales a few weeks ago and has raised more than $1.9 million to launch the innovative educational program.

The 99Bitcoins platform has been around for several years, but the move to tokenize the learning experience for students is very new. With the new 99BTC token, the platform provides investors with opportunities for wealth and incentivizes them to increase their knowledge of the cryptocurrency industry.

99Bitcoin also offers exclusive access to trading signals and investment education for beginners and experienced traders. This allows traders to improve their winning odds and knowledge. Investors can find thorough information about the project, pre-sale offer, and related benefits on the 99Bitcoins pre-sale page. Additionally, the Twitter handle provides more information about the project.

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