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Bitcoin’s worth and demand are gaining momentum, reflecting traits noticed through the 2016 U.S. presidential election. For the upcoming 2024 election, betting markets presently estimate former President Donald Trump’s re-election possibilities at 66.5%. This has sparked optimism amongst buyers, with expectations of regulatory shifts that may very well be favorable for Bitcoin fueling a bullish market sentiment.
As curiosity in Bitcoin grows, current investments in Bitcoin exchange-traded funds (ETFs) are including to the cryptocurrency’s upward pattern. Furthermore, tokens on a number of blockchains have posted rallies. This text curates the most trending cryptocurrencies on Polygon.
Most Trending Cryptocurrencies on Polygon
The Fuse Token (FUSE) is valued at $0.033 and has an estimated market cap of $67.31K. Masks Community (PoS) is priced at $3.168, with a market capitalization of roughly $316.98 million. At the moment, Elk (ELK) is priced at $0.107, has a market cap of $1.73M, and exhibits a 24-hour buying and selling quantity of $7.38K.
In the meantime, the meme coin Flockerz ($FLOCK) has rapidly gained consideration, elevating $1.15 million throughout its preliminary coin providing (ICO). In different information, crypto agency Consensys introduced a 20% workforce discount, citing considerations over regulatory uncertainty.
1. Fuse Token (FUSE)
The Fuse Token (FUSE) is presently priced at $0.033, with a market cap of round $67.31K. Its 24-hour buying and selling quantity stands at $3.27K, reflecting a rise of 112.86% over the previous day. FUSE has a circulating provide of two.03 million, which has reached its most restrict.
On the 15-minute timeframe on DEXTools.io, the FUSE/USD chart just lately confirmed a powerful breakout after an prolonged interval of low exercise and steady pricing. The value surged from roughly $0.014 to $0.033 in a collection of huge inexperienced candles. The newest interval signifies a slight acquire of 0.77%. This sharp worth enhance displays renewed curiosity, and it’s now adopted by a quick consolidation part across the $0.033 mark.
The FUSE/USD pair noticed a big rally with speedy upward motion, suggesting renewed shopping for curiosity. This transfer started simply after 11:00 and is clear in a sequence of inexperienced candles. The value now consolidates across the $0.033 degree, hinting at potential stabilization. Accordingly, the buying and selling quantity spiked, indicating substantial purchase orders getting into the market. The quantity’s enhance aligns with the value motion, which helps the energy of the breakout, as increased buying and selling exercise typically backs a brand new worth pattern.
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After the rally, the value started a interval of consolidation marked by smaller candles and decreased quantity. This part suggests a steadiness between consumers and sellers, with some possible taking income. A single pink candle hints at a slight pullback however doesn’t but counsel a full reversal.
2. Masks Community (PoS) (MASK)
Masks Community (PoS) is presently priced at $3.168 and has a market cap of $316.98 million. Over the previous 24 hours, the token’s buying and selling quantity has reached $17.9K, with a 35.32% worth enhance. The utmost circulating provide is 100 million MASK cash.
The current worth chart highlights fluctuations with temporary uptrends and downtrends. Following these shifts, the value stabilizes inside a spread of $3.05 to $3.25. This exercise exhibits each consumers and sellers actively testing worth boundaries.
Initially, Masks Community noticed a small rally to $3.17. This was adopted by sideways motion with combined pink and inexperienced candles, which suggests indecision amongst merchants. Round noon, the value briefly declined to $3.05 however then rebounded above $3.15. This restoration signifies some shopping for curiosity at decrease ranges. Later, the value barely retraced to almost $3.22, signaling attainable resistance at this degree.
By way of quantity, an early enhance matched the preliminary upward worth motion, indicating shopping for stress. Afterward, quantity remained regular, with occasional spikes throughout bigger worth swings. A noticeable peak in quantity coincided with the noon low, the place shopping for on the assist degree appeared to push the value again up.
The chart exhibits combined market sentiment, reflecting each bullish and bearish indicators. The early rally and noon restoration trace at cautious optimism, whereas frequent pullbacks counsel ongoing promoting stress. The minor retracement round $3.22 could sign some resistance, resulting in slight consolidation.
3. Elk (ELK)
Elk (ELK) is presently priced at $0.107, with a market cap of $1.73M and a 24-hour buying and selling quantity of $7.38K. Over the previous 24 hours, ELK has seen a notable 28.19% worth enhance. Out of its complete provide of 42.42M, roughly 16.13M cash are in circulation.
Just lately, ELK has proven a transparent upward pattern. Its worth shifted from round $0.085 to about $0.108, suggesting a constructive momentum. This enhance has since stabilized, sustaining its degree close to the current excessive.
By way of worth motion, ELK’s worth was initially steady with low buying and selling exercise. Nonetheless, round noon, a pointy breakout occurred with a number of inexperienced candles pushing the value considerably increased. The value peaked close to $0.1083, then entered a consolidation part with minor fluctuations. This sample means that consumers and sellers have reached a brief steadiness of round $0.1078.
Alright! Right here we go! $ELK is now dwell on @MEXC_Official!! Time to load up whereas it is sizzling. Extra massive information coming quickly!https://t.co/lkObU2RNpv pic.twitter.com/XAoE514Yzq
— Elk Finance (@elk_finance) October 30, 2024
Quantity carefully mirrored these worth actions. Throughout the steady early part, buying and selling quantity was minimal. But, because the breakout started, quantity surged, indicating robust shopping for curiosity. This heightened exercise tapered off after the height, which is consistent with typical consolidation phases when buying and selling slows.
Market sentiment seems bullish. The upward breakout and subsequent stabilization indicate that consumers stay in management. Notably, the absence of a pointy sell-off after the rise suggests restricted promoting stress. If shopping for curiosity resumes, the value may proceed to pattern increased.
What Would possibly Be The Subsequent High Trending Crypto?
Flockerz ($FLOCK) is a brand new meme coin that has rapidly gained traction, elevating $1.15 million in its ICO part. Regardless of a broader market slowdown, with most tokens down from final week, Flockerz exhibits shocking momentum. This dip throughout crypto markets has stemmed from points like current arrests of scammers in Japan and large-scale asset liquidations, which have impacted token values.
Launched just lately, Flockerz goals to face out within the crowded meme coin panorama. Traders can presently purchase $FLOCK tokens at $0.0058862, though costs are anticipated to rise quickly. When the presale wraps up, the token will probably be obtainable on each centralized and decentralized exchanges. This publicity could increase Flockerz’s market presence. To make sure safety, Flockerz has additionally accomplished audits with Coinsult and SolidProof, which helps investor confidence.
The flock is so up 📈 it is placing us right into a meditative state! 🧘 pic.twitter.com/TmWTgJ2KVm
— Flockerz (@FlockerzToken) October 30, 2024
One distinctive function of Flockerz is its “Vote-To-Earn” system. By FlockTopia, the undertaking’s DAO, token holders can earn $FLOCK rewards by collaborating in undertaking selections. This permits customers to assist information improvement, advertising, and token administration. By partaking customers in selections, Flockerz distinguishes itself from many different meme cash.
Furthermore, $FLOCK holders can earn an APY of 1451% by staking. Nonetheless, returns are anticipated to lower as extra tokens are staked. Outstanding crypto influencers have endorsed Flockerz, highlighting its potential progress. Flockerz additionally has a rising presence on social media, with round 2.9k followers on X and 1.5k on Telegram, aiming for open communication with its group.
Go to Flockerz Presale
Learn Extra
Most Searched Crypto Launch – Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Quickly
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