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front pageToday's NewsPopular coins on GeckoTerminal – Principals Network, Magic Eden, AI Rig Complex

Popular coins on GeckoTerminal – Principals Network, Magic Eden, AI Rig Complex

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Cardano (ADA) appears to be following a similar pattern to its 2020 trend, sparking discussions about potential bullish price targets ranging from $4 to $6. Despite the recent challenges ADA has faced, its historical behavior and technical indicators suggest the possibility of a rebound.

ADA is priced at $0.9555, having fallen by 14.7% in the past 24 hours. This drop was accompanied by a significant increase in market activity, with a surge in trading volume of 104.94%. This indicates increased investor participation during the sell-off. Meanwhile, other coins have seen gains. This article compiles the most popular coins on GeckoTerminal.

Popular Coins on GeckoTerminal
Principals Network (PNET) is trading at $0.01713, having seen significant price movement over the past 24 hours. Magic Eden (ME) is trading at $5.1195, reflecting a sharp drop of 37.77% over the same period. AI Rig Complex (ARC) is trading at $0.04233, reflecting a staggering 49,107% growth over the past 24 hours.

GRIFFAIN is trading at $0.1590, having recently fallen slightly to $0.72%. Flockerz ($FLOCK) has gained momentum in the market, with its presale raising over $5.6 million. Meanwhile, Bitcoin has retreated from its all-time high, trading around $96,000.

1. Principals Network (PNET)
Principals Network (PNET) is currently trading at $0.01713 and has shown significant price volatility over the past 24 hours. During this period, its value has increased by a staggering 1,003%. In the past six hours, it has grown by 171.66%, reflecting strong short-term upward momentum.
The coin’s 24-hour trading volume was $35.61 million with a total of 77,806 trades. The trades were almost evenly distributed between 40,963 buy orders and 36,843 sell orders. This balanced activity indicates a healthy trading interest and sufficient liquidity within the market.

The token has 7,960 holders, which indicates that the number of participants is growing. However, just one day after its launch, PNET is still a new token. This early stage status may explain the high trading activity and significant price fluctuations as early adopters enter the market.

2. Magic Eden (ME)
Magic Eden (ME) is trading at $5.1195, down 37.77% in the last 24 hours. Shorter-term performance shows a different trend. Its price has increased slightly by 0.46% in the last five minutes, but has fallen by 0.57% in the last hour and 8.73% in the last six hours.

The coin has experienced significant market activity, with a trading volume of $151.21 million over the past day, with a total of 77,865 trades. The total number of sell trades, 46,619, exceeded the number of buy trades, which stood at 31,246. This indicates that there was significant selling pressure during the trading period.

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The price has shown significant volatility, with sharp declines and occasional rebounds evident on the chart. ME's price has shown significant volatility, which may be driven by speculative activity or changes in market sentiment. High trading volume reflects active interest in the token. However, the dominance of sell orders over buy orders may indicate bearish market sentiment. In addition, price movements in a short period of time highlight the risks faced by traders seeking more stability.

3. AI Rig Complex (ARC)
AI Rig Complex (ARC) is trading at $0.04233, with a staggering 49,107% price increase over the past 24 hours. The token’s 24-hour trading volume is $101.49 million, highlighting significant market activity. Liquidity is reported at $1.21 million, which is relatively healthy for a newly launched asset.

The total number of trades was 132,642, with 68,020 buy orders and 64,622 sell orders. This almost equal distribution indicates a balanced trading environment with healthy demand and supply dynamics. In the short term, ARC's performance is mixed. In the past five minutes, the price has fallen by 0.38%. However, it has risen by 4.67% in the past hour and 5.8% in the past six hours.

Looking at the broader 24-hour picture, ARC has seen impressive growth, with a gain of 49,107%. This massive growth suggests the possibility of hype or a major market move. However, the high volatility observed on the price chart, with frequent swings and corrections, is typical of early-stage assets or speculative trading.

4. Test Griffin.com (GRIFFAIN)
GRIFFAIN is currently trading at $0.1590, having recently dropped slightly by $0.72%. At this stage, the price is fluctuating between $0.1619 and $0.1541, indicating moderate intraday volatility.

The trend shows a mixed picture, with the previous bullish momentum gradually fading. Recent activity indicates an increase in selling pressure, although the overall direction is unclear. The volume is 215,197, indicating continued stable market activity. The increase in volume coincides with price fluctuations, reflecting strong interest from traders during volatile moments.

Support is found around 0.1500 as the price tested these lower thresholds without significantly breaking below. Resistance is found around 0.1700 where previous attempts to move higher failed to sustain momentum.

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In the past 24 hours, GRIFFAIN has fallen by 0.98%. Short-term fluctuations show mixed results, with an increase of 3.45% in the past 5 minutes, an increase of 6.49% in the past hour, and a decrease of 1.13% in the past six hours. Liquidity is reported at 3.67M, ensuring ample trading depth, while daily trading volume reached 37.24M, totaling 33,387 transactions.

Overall, GRIFFAIN exhibits steady trading activity and balanced market sentiment. Its abundant liquidity and recent adoption reflect potential, although short-term declines signal some selling pressure. In the short term, speculative traders may need to proceed with caution.

5. Flockerz ($FLOCK)
Flockerz ($FLOCK) has gained momentum in the crypto market with its presale raising over $5.6 million. Investors were attracted by its unique voting-to-profit (V2E) governance model. This approach aims to address common issues in the crypto space, such as bubbles and insider manipulation. Flockerz aims to create a more transparent and community-driven ecosystem by allowing token holders to vote on important decisions.

The V2E mechanism transfers decision-making power to the community. This reduces reliance on centralized teams or insiders, who often dominate token ownership and governance. Through its decentralized autonomous organization (DAO), Flocktopia, participants can vote on project matters and receive cryptocurrency as rewards. This incentivizes active participation and promotes accountability.

The project gained momentum during a period of high interest in pursuing memecoins. Recent controversies, such as the Hawk Tuah ($HAWK) incident, highlight the risks of poorly governed projects. $HAWK, which once had a market cap of $490 million, lost more than $90% in value in a matter of hours. This led to legal action and increased investor caution.

Currently, the price of $FLOCK token in the pre-sale phase is $0.0063247. As the campaign enters the next phase, the price may rise. In the meantime, Coinsult and SolidProof have audited the smart contracts to ensure transparency and security. Flockerz's innovative governance model may set a standard for memecoins, potentially reshaping how they operate in the coming years.

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