Polygon’s Resilience in the Crypto Market
Polygon held up quite well through the recent choppy period in the crypto market. Thanks to the top trending assets in the network, Polygon’s price remained above its critical support levels. Thus, recovery has been relatively seamless.
Apparently, the potential for more upside for Polygon and the token in its ecosystem is quite high, as liquidity in the network has returned to an upside. Hence, today’s post explores significant data points to show what investors can expect from the trending blockchain tokens.
Most Trending Cryptocurrencies on Polygon
Likewise, it includes an overview of crypto tokens that might make the top trending list in the coming days, particularly as the quarter ends. Dogecoin20, for example, recently raised $10 million in presale funds. The token is on track to go live on exchanges, and we’ve provided a quick highlight of all that investors need to know about its presale program.
1. Aether Games (AEG)
- Aether Games (AEG) is currently priced at $0.1952, with a 24-hour trading volume of $568,133.14, marking a 5.19% increase on the last day. However, the token experienced a slight decline of -0.49% over the past week. Despite the price decline, Aether Games’s circulating supply of 75 million gives it a market cap of $14,657,861.
- The reduction in the asset’s price indicates a period of relative stagnation in its value. However, this decline underscores its underperformance compared to the global cryptocurrency market, which surged by 14.00% during the same timeframe. Similarly, compared to similar Polygon Ecosystem cryptocurrencies, AEG’s performance lags, as they saw no change in price.
- AEG token serves as the primary currency within the Aether universe, facilitating transactions among users, developers, and businesses. AEG plays a vital role within the Aether ecosystem as an ERC-20 token built on the Polygon network. It enables seamless digital asset transactions, ensuring smooth and efficient interactions among users, developers, and businesses within the Aether universe.
- For traders and investors, AEG tokens are available for trading on centralized crypto exchanges like Bybit, KuCoin, and Gate.io. Moreover, Bybit stands out as the most popular exchange, with the AEG/USDT trading pair exhibiting a trading volume of $161,046 in the last 24 hours. Further, the trading volume of Aether Games has surged by 92.70% in the past day. This upswing indicates increased market activity and potential opportunities for traders.
2. Defactor (FACTR)
- Defactor (FACTR) is a platform designed to streamline the onboarding process for real-world assets into decentralized finance (DeFi). It facilitates the conversion of real-world assets into non-fungible tokens (NFTs) and acts as a bridge between traditional businesses and the DeFi space.
- Moreover, these NFTs can then be leveraged to access funding from the abundant liquidity available in the cryptocurrency market. This service addresses a significant challenge faced by traditional businesses needing more infrastructure and expertise to navigate the complexities of DeFi.
- The recent surge in the price of Defactor (FACTR) reflects growing investor interest and confidence in the platform’s potential. With a 53.35% price increase in the last 24 hours and a remarkable 238.26% surge over the past week, Defactor has outperformed the global cryptocurrency market and similar Polygon Ecosystem cryptocurrencies.
- This impressive performance underscores the market’s recognition of Defactor’s unique value proposition and ability to capitalize on emerging trends in the DeFi space.
3. Yield Guild Games (YGG)
- Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) focused on investing in non-fungible tokens (NFTs) for virtual worlds and blockchain-based games. Its goal is to build the largest virtual world economy, optimize community-owned assets for maximum utility, and share profits with token holders.
- Today, Yield Guild Games is priced at $1.206338, with a 24-hour trading volume of $966.43M. It holds a market cap of $384.05M and a market dominance of 0.01%. Over the past 24 hours, the YGG price surged by 20.69%. Yield Guild Games reached its highest price on Nov 20, 2021, reaching an all-time high of $11.27. Conversely, its lowest price was recorded on Jun 10, 2023, plummeting to an all-time low of $0.119559.
- The circulating supply of YGG is currently 318.36M out of a maximum supply of 1.00B YGG. It translates to a yearly supply inflation rate of 41.60%, equating to the creation of 93.54M YGG over the past year.
What Might Be The Next Top Trending Crypto
Dogecoin20 has crossed the $10 million mark in its presale offering, offering crypto enthusiasts the last chance to join the movement. The presale progress indicates the interest in the token. It also shows the potential of the coin to drive significant returns in the future. Generally, the bull market trends favor memecoin more than any other crypto sector, accounting for the dramatic progress of the DOGE20 token presale.
Besides the overall outlook of the cryptocurrency, the market Dogecoin20 also boasts impressive fundamentals, building on the back story of the popular Dogecoin. However, it adjusts the token supply by capping it at 140 million coins.
With that, the inflation rate of the token reduces dramatically over time compared to its counterpart. The capped supply signifies that the effects of deflationary initiatives like token burn or staking would make a significant impact within a short time.
At the time of writing, DOGE20 is offered at a presale price of $0.00022. The chance to purchase the token at that price would soon elapse as the presale page indicates that the presale offering is sold out.
