Join our Telegram channel for the latest breaking news coverage
Bitcoin’s price and demand are rising, mirroring trends observed during the 2016 U.S. presidential election. In the upcoming 2024 election, betting markets currently estimate former President Donald Trump’s chances of reelection at 66.5%. This has sparked investor optimism that expected regulatory changes could be positive for Bitcoin, driving bullish sentiment in the market.
As interest in Bitcoin increases, recent investments in Bitcoin exchange-traded funds (ETFs) are also driving the cryptocurrency's upward trend. In addition, tokens on multiple blockchains have also seen gains. This article summarizes the most popular cryptocurrencies on Polygon.
**Most popular cryptocurrencies on Polygon**
Fuse Token (FUSE) is currently valued at $0.033, with an estimated market cap of $67.31K. Mask Network (PoS) is priced at $3.168, with a market cap of approximately $316.98 million. Currently, Elk (ELK) is priced at $0.107, with a market cap of $1.73M, and a 24-hour trading volume of $7.38K.
Meanwhile, the emoji Flockerz ($FLOCK) quickly gained traction during its initial coin offering (ICO), raising $1.15 million. In other news, crypto firm Consensys announced layoffs of 20% employees, citing concerns over regulatory uncertainty.
1. **Fuse Token（FUSE）**
Fuse Token (FUSE) is currently priced at $0.033, with a market cap of approximately $67.31K. Its 24-hour trading volume is $3.27K, reflecting an increase of 112.86% in the past day. The circulating supply of FUSE is 2.03 million, which has reached the maximum limit.
On the 15-minute timeframe on DEXTools.io, the FUSE/USD chart has recently shown a strong breakout, with prices surging from around $0.014 to $0.033 forming a series of large green candles after a prolonged period of low activity and stable prices. The most recent phase shows a small rise to 0.77%. This sharp price increase reflects a renewed focus in the market, with prices currently entering a brief consolidation phase around $0.033.
The FUSE/USD pair has experienced a significant uptrend, with the rapid upward movement indicating renewed buying interest. The move began just after 11:00, with the green candle in the sequence being very evident. The price has now consolidated around the $0.033 level, suggesting a possible stabilization. As a result, the volume has surged, indicating a large number of buy orders entering the market. The increase in volume is consistent with the price action, supporting the strength of the breakout, as higher trading activity usually supports new price trends.
$FUSE/$USDT trade live on @bitgetglobal?
Special Promotion: Stake your $FUSE on @voltfinance to enjoy an APR of 9.73% and a chance to share in a 10,000 $FUSE prize pool by completing the following tasks:
1️⃣ Retweet this post
2️⃣ Follow @voltfinance and @Fuse_network
3️⃣ Tag 3 friends in…
pic.twitter.com/WDSsAmlsF5
— Fuse Network ? Devcon (@Fuse_network)
October 30, 2024
After rising, the price has started to enter a consolidation period marked by smaller candles and decreasing volume. This phase indicates a balance between buyers and sellers, and some traders may be taking profits. The single red candle suggests a small pullback, but does not yet indicate a full reversal.
2. **Mask Network (PoS) (MASK)**
The current price of Mask Network (PoS) is $3.168, with a market cap of $316.98 million. In the past 24 hours, the token's trading volume reached $17.9K, and the price rose by 35.32%. The maximum circulating supply is 100 million MASK coins.
The recent price chart highlights short-term upward and downward fluctuations. After these fluctuations, the price stabilized between $3.05 and $3.25. This activity indicates that buyers and sellers are actively testing the price boundaries.
Initially, Mask Network made a small move up to $3.17. A sideways trend ensued, with the candles showing mixed red and green colors, indicating hesitation among traders. Around midday, the price briefly dipped to $3.05 but then rebounded back above $3.15. This rebound suggests some buying interest at lower levels. Later, the price slightly pulled back to near $3.22, suggesting a possible resistance at this level.
In terms of volume, an early increase matched the initial price rise, indicating buying pressure. After that, volume remained stable, with occasional surges during larger price swings. A significant peak in volume matched the midday low, indicating that buying at support drove the price back up.
The chart shows mixed market sentiment, reflecting both bullish and bearish indicators. The early gains and midday rebound suggest cautious optimism, while frequent pullbacks indicate persistent selling pressure. A slight pullback around $3.22 could suggest some kind of resistance, leading to a slight consolidation.
3. Elk (ELK)
Elk (ELK) is currently priced at $0.107, with a market cap of $1.73M and a 24-hour trading volume of $7.38K. In the past 24 hours, the price of ELK has increased by 28.19%. There are about 16.13 million tokens in circulation out of its total supply of 42.42 million.
Recently, ELK has shown a clear upward trend. Its price rose from about $0.085 to about $0.108, indicating positive momentum. This growth has subsequently stabilized, remaining near recent highs.
In terms of price action, ELK's value was initially stable with low trading activity. However, around midday, a dramatic breakout occurred with multiple green candles pushing the price sharply higher. The price peaked near $0.1083 and then entered a consolidation phase with less volatility. This pattern suggests that buyers and sellers reached a temporary balance at around $0.1078.
OK! Let’s get started!
$ELK is now live on @MEXC_Official! It's time to strike while the iron is hot. More big news coming soon!
https://t.co/lkObU2RNpv
pic.twitter.com/XAoE514Yzq
— Elk Finance (@elk_finance)
October 30, 2024
Volume is closely tied to these price moves. During the early stabilization phase, volume is low. However, as the breakout begins, volume surges, indicating strong buying interest. This activity tapers off after reaching its peak, which is consistent with a typical consolidation phase, where trading activity slows.
The market sentiment seems bullish. The upward breakout and subsequent stabilization suggest that buyers are still in the driver's seat. Notably, the price increase was not followed by a sharp sell-off, suggesting limited selling pressure. If buying interest resumes, prices are likely to continue to rise.
**What might be the next most popular cryptocurrency? **
Flockerz ($FLOCK) is an emerging emoji coin that has quickly gained traction, raising $1.15 million in its ICO. Despite the overall market slowdown, with most tokens down from last week, Flockerz has shown surprising momentum. The crypto market’s decline stems from issues such as the recent arrests of scammers and large-scale asset liquidations in Japan, which have impacted token values.
Flockerz was recently launched and aims to stand out in the crowded emoji coin market. Investors can currently purchase $FLOCK token at a price of $0.0058862, although the price is expected to increase soon. When the pre-sale ends, the token will be listed on centralized and decentralized exchanges. This exposure may increase Flockerz's market presence. To ensure security, Flockerz has also completed audits with Coinsult and SolidProof to enhance investor confidence.
The “group” state is so heightened, it’s putting us into a meditative state!
pic.twitter.com/TmWTgJ2KVm
— Flockerz (@FlockerzToken)
October 30, 2024
A unique feature of Flockerz is its “vote to earn” system. Through FlockTopia, the project’s DAO, token holders can earn $FLOCK rewards by participating in project decisions. This enables users to help guide development, marketing, and token management. By allowing users to participate in decision-making, Flockerz stands out from many other emoji coins.
Additionally, $FLOCK holders can earn an annual interest rate of 1451% by staking. However, the yield is expected to decline as more tokens are staked. Well-known crypto influencers have endorsed Flockerz, highlighting its potential growth. Flockerz's influence on social media is also growing, with about 2.9k followers on the X platform and 1.5k on Telegram, aiming to communicate openly with the community.
Visit Flockerz Presale
Read more
Most popular cryptocurrencies
Most Searched Cryptocurrency Launch – Pepe Unchained
Rating
Layer 2 Emoji Coin Ecosystem
Featured in Cointelegraph
SolidProof & Coinsult Audit
Staking Rewards – pepeunchained.com
ICO Raises Over $10 Million – Ends Soon
learn more
Join our Telegram channel for the latest breaking news coverage
English 
Chinese (China) 
Chinese (Hong Kong) 