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Once more, the cryptocurrencies currently in the spotlight on DEXTools reveal that the market is making more effort to regain momentum, likely influenced by external factors. These trending tokens encompass new projects and established tokens, all displaying impressive gains and chart scores. This trend suggests that investors are enthusiastically injecting significant capital into these fresh ventures.
Notably, these tokens are available at very affordable prices, allowing investors to accumulate them in quantities commensurate with their spending capacity. Ultimately, the assets they choose to acquire and the quantity will be determined by the financial resources they wield. What truly matters in the grand scheme of things is the resilience of these assets and the returns they can offer to investors.
On Friday, S&P, the global credit rating agency, announced a downgrade of Egypt’s long-term sovereign credit rating by one level, now standing at “B-.” This decision was attributed to the escalating funding challenges faced by the country.
Egypt is currently grappling with a severe economic crisis, resulting in a series of currency devaluations, record-high inflation, and a growing number of its citizens seeking risky options to depart the nation.
S&P’s rationale for the downgrade is grounded in the persistent setbacks in executing monetary and structural reforms within Egypt, among various other contributing factors.
Top Trending Crypto Coins on DEXTools
The global economy is confronting sporadic inflation and international conflicts. While policymakers try to find lasting solutions, crypto traders watch out for the most trending coins where they can store their financial value.
1. Wall Street Memes (WSM)
Wall Street Memes (WSM) has unveiled its novel online casino accessible on both desktop and Telegram for mobile users. This groundbreaking crypto casino aims to revolutionize the GameFi landscape by seamlessly integrating casino games into Telegram chats and channels.
The platform, wsmcasino.com, offers a frictionless experience, allowing users to enjoy popular casino games like slots, table games, and sports betting without leaving the Telegram app. This is made possible through a dedicated Telegram bot acting as the casino platform. To commence their gaming journey, users can effortlessly access the @wsmcasino bot within Telegram.
Wall Street Memes’ vision is to create a more fluid and convenient casino experience compared to traditional crypto casinos confined to websites. Telegram has become a personal casino lounge where sending messages or memes is seamlessly intertwined with real-time betting.
The Wall Street Memes Casino fully supports cryptocurrency transactions, facilitating deposits and withdrawals in BTC, ETH, DOGE, its native $WSM token, and more. The integration aims to fuse crypto gaming with the lively social ecosystem of Telegram, delivering a distinctive user experience. As part of their launch, a generous 200% welcome bonus is currently extended to attract users to the newly inaugurated casino.
Jim Cramer is at it again pic.twitter.com/1gwQb16lhl
— Wall Street Memes (@wallstmemes) October 20, 2023
Wall Street Memes boasts a vibrant community across various social platforms, notably Twitter and Telegram, which likely played a pivotal role in propelling this ambitious casino launch. WSM’s Twitter account has garnered an impressive following of over 300,000, indicating substantial interest in the project. Furthermore, the WSM Telegram channel boasts an active membership of more than 35,000 individuals engrossed in discussions surrounding the meme coin.
This lively and engaged community empowers Wall Street Memes to swiftly implement innovative concepts like the Telegram casino and drive adoption through their well-established user base. The project positions itself as a movement against Wall Street’s dominance in financial markets, with community engagement reinforcing its grassroots nature. As a meme coin, WSM also capitalizes on the viral spread of meme content across social platforms.
2. FLOKI (FLOKI)
Floki (FLOKI) is on the verge of introducing a staking feature that will enable users to earn a new utility token, yet to be named. This strategic move is designed to bolster investor interest and enhance the overall value of the Floki (FLOKI) ecosystem. The primary method for acquiring the new token will be through the staking of FLOKI tokens, which are currently trading at $0.000017. Notably, there are no plans for presales or fundraising for the new tokens; their distribution will primarily occur through staking.
At present, the price range for Floki (FLOKI) fluctuates between $0.0000158 and $0.0000204. The 10-day moving average stands at $0.0000179, while the 100-day moving average is $0.0000193. Support levels are identified at $0.0000086 and $0.0000132, while resistance levels are noted at $0.0000224 and $0.0000270.
While the introduction of staking and the new utility token may appear to be a strategic endeavor to revitalize the Floki (FLOKI) ecosystem, it’s crucial to acknowledge the cryptocurrency market’s inherent volatility.
#FLOKI is now the 5th hottest cryptocurrency on the world’s top #crypto exchange, #Binance! 🔥$FLOKI ranks fifth under $BNB, $BTC, $ETH and $SOL — and ranks above $LINK, $XRP, $BOND, $LOOM, and $MATIC.
This is as people await our big day on October 27.#Floktober is here!⚡️ pic.twitter.com/zE3I7sEOve
— FLOKI (@RealFlokiInu) October 21, 2023
The trends prevalent in the broader crypto market have notably impacted dog-themed coins, including Floki (FLOKI), resulting in a significant decline from its peak. While these new developments hold promise, they must be considered within the context of an uncertain market landscape. Investors are advised to proceed with caution and anticipate potential fluctuations in FLOKI’s value while they engage the next top trending cryptocurrency.
3. ConstitutionDAO (PEOPLE)
ConstitutionDAO (PEOPLE) currently sits at a price of $0.0095, with a 24-hour trading volume amounting to $6.40 million. This marks a notable 3.00% increase in the past 24 hours and a steady 4.60% gain over the last seven days. With a circulating supply of 5.1 billion PEOPLE tokens, ConstitutionDAO is presently valued at a market capitalization of $48.18 million.
Reflecting on its historical performance, the all-time high for ConstitutionDAO (PEOPLE) was recorded at $0.185022, observed on December 23, 2021, nearly two years ago. The current price, however, resides at a level that is approximately 94.86% lower than this historical pinnacle.
Conversely, the all-time low for ConstitutionDAO (PEOPLE) was marked at $0.00091940, witnessed on November 21, 2021, also nearly two years ago. In comparison, the current price represents a substantial increase of 934.12% from this all-time low.
When examining the fully diluted valuation (FDV) of ConstitutionDAO (PEOPLE), it currently stands at $48.08 million. This figure serves as a statistical projection of the maximum market capitalization, taking into account the scenario in which the maximum quantity of 5.1 billion PEOPLE tokens is in circulation today. The realization of this FDV may transpire over multiple years, depending on the emission schedule of PEOPLE tokens.
What Might Be The Next Top Trending Crypto?
TGC has swiftly emerged as one of the most highly anticipated token launches for 2023, offering substantial rewards to holders on TG.Casino’s crypto gambling platform. TGC will quickly become a top trending cryptocurrency with its unique rewards.
November and December have historically been two of the most promising months in the cryptocurrency calendar, and prominent influencers and analysts have identified this token as one to keep a close eye on as we approach an anticipated bull run in 2024.
These tokens are currently priced at $0.125, but this price point will only be maintained for another 24 hours. Starting from October 21, the price of TGC will incrementally increase by $0.0125 every seven days until it reaches the hard cap of $5 million.
Who will join the @AllBlacks in the #RWC2023 Final?
Can England get revenge for the humiliation in 2019? #ENGvRSA pic.twitter.com/vci6DwZOWg
— TG Casino (@TGCasino_) October 21, 2023
The total supply of $TGC tokens is capped at 100 million, with 40% of them allocated to the presale. The remainder of the supply is distributed among DEX liquidity (20%), staking (20%), rewards (10%), marketing (5%), and affiliates (5%).
TG.Casino is already operational on the Telegram platform, allowing players to engage in a wide range of games and sports betting securely, quickly, and anonymously through the popular messaging app Telegram.
Regulated in Curacao and accessible globally, this platform enables players to make use of Telegram, with its 800 million active users, and harness the capabilities of powerful bots to create anonymous accounts instantly, bypassing the need for KYC verification.
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