Most Trending Cryptocurrencies on Polygon – SafeSwap, OmniCat, WeFi

In the recent intraday session, several altcoins experienced significant price fluctuations, drawing the attention of traders and investors. Leading this trend were Litecoin (LTC), Bitcoin SV (BSV), Beam (BEAM), Solana (SOL), and Arbitrum (ARB). These cryptocurrencies exhibited varying price movements, with some testing important support and resistance levels.

Market sentiment for these altcoins remains cautiously optimistic as they demonstrate consistent upward momentum fueled by rising trading volumes and increased investor interest.  Meanwhile, tokens on several blockchains have posted rallies. This article curates the top trending cryptos on Solana Chain today .

Most Trending Cryptocurrencies on Polygon

SSGTX is currently trading at $0.0000414, with a market capitalization of $944.80 and a 24-hour trading volume of $1.25K. OmniCat (OMNI) is valued at $0.000067 and has a market cap of $131.21K. WeFi distinguishes itself as a decentralized platform, contributing to the DeFi ecosystem by providing various blockchain-based financial services. 

Meanwhile, Pepe Unchained has raised $19.9 million in its presale, marking a promising beginning. Additionally, a new crypto token endorsed by Trump has been launched, though there are ongoing concerns about its practical utility.

1. SafeSwap (SSGTx)

SafeSwap is a decentralized exchange designed to counter the reputation of rug-pull crypto scams. It achieves this by only listing projects that have undergone strict vetting, such as team KYC, locked liquidity, and full audits. In addition, trusted projects that have passed previous scrutiny are included. The SSGTX token powers SafeSwap and allows users to participate in a range of decentralized finance (DeFi) activities on the platform, including farming, staking, lending, borrowing, governance, and profit sharing.

At present, SSGTX trades at 0.0000414 with a market cap of 944.80 and a 24-hour trading volume of 1.25K. This reflects a notable 96.26% increase in daily trading volume. The circulating supply stands at 22.85 million out of a maximum of 47.19 million tokens.

The current price level shows a minor decrease of 0.13% from the previous period. However, prior to this, the price experienced a sharp increase, rising from around 0.00002000 to 0.00004248 in a single upward spike. Interestingly, there has been no significant correction yet, as the price remains close to this high point, which might indicate that the recent gains are holding for now.

Before the price surge, trading volume was minimal, reflecting low market interest. Nevertheless, the spike was accompanied by a noticeable rise in volume, though it remains modest compared to larger markets. Importantly, the lack of follow-up volume after the price jump suggests that this surge may have been driven by a few large orders rather than broader market participation. This could indicate that the upward move was not entirely organic.

2. OmniCat (OMNI)

OmniCat (OMNI) is currently priced at $0.000067, with a market capitalization of $131.21K. Over the last 24 hours, its trading volume has increased by 50.72%, reaching $30.22K. The circulating supply stands at 1.91B OMNI coins, representing the maximum available supply.

Looking at the price action, the latest recorded price on the chart is $0.00006523, reflecting a slight increase of 0.59% (+0.00000038) from the previous price. The candlestick chart shows a pattern of alternating red and green candles, indicating fluctuations in market sentiment. There was a significant red candle around the 03:45 mark, illustrating a sharp price decline. 

Lower, yet consistent, trading volumes followed this drop. Around 05:00, a green candle suggests a brief price rebound, although the price later entered a consolidation phase. Toward the end of the chart, around 11:00, another green candle with increased volume points to renewed buying pressure, which could signal a shift in market dynamics.

In terms of price levels, the highest point recorded during this period was $0.00006850, while the lowest was approximately $0.00006400. A support level seems to have formed around $0.00006450, as prices bounced back from this level multiple times, indicating some market stability around that range.

The volume analysis shows that after the initial drop, trading volume remained relatively low but started to pick up again around 11:00, suggesting that more participants entered the market as the price began to recover. This increase in volume often signals a possible shift in market sentiment or a change in direction.

3. WeFi (WEFI)

WeFi stands out as a decentralized platform that actively contributes to the DeFi landscape by offering a variety of financial services on the blockchain. It enables users to perform cross-chain swaps, facilitating seamless exchanges of assets across different blockchains. Consequently, this capability enhances liquidity and accessibility in the cryptocurrency market, allowing users to engage more easily with various digital assets.

One notable aspect of WeFi is its revenue-sharing model, which rewards users for their active participation. This system likely attracts more individuals to utilize the platform’s features. Moreover, WeFi provides opportunities for higher yields and access to perpetual futures, appealing to those who seek to maximize their returns on crypto investments.

Additionally, WeFi prioritizes security and user autonomy. The platform includes a wallet solution that does not require access to users’ private keys, enabling individuals to maintain complete control over their funds. This design significantly enhances trust and safety for users who are concerned about the security of their assets.

In terms of current performance, WeFi’s live price stands at $0.104, with a market capitalization of $3.78 million. The trading volume over the past 24 hours reaches $46.05, reflecting a 15.84% increase. Furthermore, the circulating supply comprises 35.83 million WEFI coins out of a total supply of 69.41 million.

WeFi has also achieved an important milestone by reaching $25 million in trade volume on the XDC Network. As the first on-chain forex perpetual leverage trading protocol, it aims to enhance the forex market through improved transparency, efficiency, and security.

What Might Be The Next Top Trending Crypto?

Pepe Unchained has recently raised $19.9 million in its presale, signaling a strong start. At a current price of $0.0103, analysts believe this initial success could lead to significant growth, thanks to its robust staking protocols and sound tokenomics.

Investors can easily purchase tokens on the project’s website using Ethereum (ETH), Binance Coin (BNB), Tether (USDT), or bank cards. A notable feature is the staking option, which currently offers an annual percentage yield (APY) of 111%. However, this rate may decrease as more participants join.

The token distribution plan allocates 30% for staking rewards and 20% each for presale and marketing, with the remainder designated for liquidity, project expenses, and chain inventory. If this momentum continues, early investors in $PEPU may see substantial returns.

In addition, Pepe Unchained is developing the ‘Pepe Chain,’ a Layer 2 solution designed to address Ethereum’s scalability issues. While Ethereum can handle only about 15 transactions per second, Pepe Chain aims to provide faster and more affordable transactions. This improvement could attract investors looking for efficiency in trading popular meme coins like $PEPE.

Community support is also growing, with over 150 million $PEPU tokens staked before the official launch. The project has garnered attention from crypto influencers and boasts over 12,000 followers on Twitter. Additionally, the ‘Pepe Frens with Benefits’ initiative will offer grants for app development on its Layer 2 blockchain starting in Q4 2024.

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