The hottest cryptocurrency today on Ethereum is relatively new, which means the chain is regaining its position as the go-to platform for new projects. In the past, the Ethereum chain has been home to some of the most innovative crypto projects. However, rising gas fees have led to a decrease in demand, and lesser-known chains are starting to launch.
As of now, Ethereum (ETH) is making minor gains as investors stay away from a fairer macroeconomic situation before making more crypto market moves. Many are also betting on the halving event to be one of the best catalysts for the entire crypto ecosystem.
The most popular cryptocurrency on the Ethereum blockchain
On the other hand, investors are not ignoring the potential of memecoins in the current price consolidation. This category of cryptocurrencies is known for providing hedging opportunities when the crypto market fails to determine a particular direction. One of the popular cryptocurrencies is Sponge V2 token, which is developing a new version of its progress. Here are more details.
1. Oinfinance (OIN)
OIN Finance is currently trading at $0.144929 with a 24-hour trading volume of $3.84M. Its market cap is $4.78M and it occupies 0.00%. In addition, OIN has seen a staggering 2128.81% growth in the past 24 hours.
The token reached its highest price on February 18, 2021, at an all-time high of $1.119060. Conversely, its lowest price was recorded on October 19, 2023, at $0.000830. Despite this volatility, the current sentiment on OIN Finance is bullish, with the Fear & Greed Index showing a value of 70 (Greed).
OIN Finance has demonstrated impressive performance metrics. Its circulating supply is 32.95M and its max supply is 100.00M OIN. Its price has increased by 1585% in the last year, outperforming 96% of the top 100 crypto assets including Bitcoin and Ethereum. Furthermore, OIN is trading above its 200-day simple moving average and is currently trading close to its cycle highs. This indicates strong market activity and investor interest.
OIN Finance is a DeFi platform that provides liquidity mining and decentralized trading. In addition, it plans to expand to other major platforms through cross-chain functions. Its best performing year was 2021, with a price increase of 433.22%, while its worst performing year was 2020, with a price drop of 95.00%. However, the average annual growth rate over the past five years is 52.55%.
OIN Finance typically performs best in the first quarter, with an average return of 293.64%. Conversely, the second quarter tends to be its weakest period, with an average loss of -65.66%. Overall, OIN Finance has demonstrated strong growth potential and resilience in the vibrant cryptocurrency market.
2. Wrapped Mistcoin (WMC)
MistCoin is an innovative ERC-20 prototype that debuted on November 3, 2015. The launch coincided with the introduction of Ethereum’s custom token system in the Mist wallet. Ethereum luminaries Fabian Vogelsteller and Alex Van de Sande led the project.
Its release prompted the deployment of many token contracts with the same code. The launch of Wrapped MistCoin (WMC) aims to simplify the transaction and use of MistCoin (MC) according to standard cryptocurrency protocols. It is consistent with Ethereum's approach to handling historical assets.
Similarly, established digital assets like CryptoPunks and CryptoKitties have gone through a similar packaging process for modern use. WMC/MC conversions can be performed freely, ensuring that the 1:1 ratio is maintained at all times.
Wrapped MistCoin (WMC) is priced at $30.25 and has gained 209.78% in the past 24 hours. Moreover, it has experienced a notable 151.73% growth in the past week.
Very good analysis.
For those looking for alternatives, this is the place for you!
#TrustTheTimestamp
https://t.co/FCQYzNaHT2
– Mist (@MistCoin)
April 3, 2024
However, specific data on WMC’s market cap is not available due to the undisclosed circulating supply. Nevertheless, the token performed well, outperforming the overall cryptocurrency market’s decline of -6.70%. In addition, it also outperformed other similar Ethereum ecosystem cryptocurrencies, which only grew by 12.70%.
Trading is mainly carried out on decentralized exchanges, with Uniswap V2 on Ethereum becoming the preferred platform for WMC trading. The most active trading pair, WMC/WETH, recorded a trading volume of $2,355,713 in the past 24 hours.
The surge in trading activity is reflected in WMC’s overall trading volume, which has increased by a staggering 10,666.10% over the past day. This growth indicates increased market participation and growing interest in Wrapped MistCoin.
3. Hashpower AI (HASH)
HashPower AI provides users with a unique opportunity to interact with its platform. It offers the option of renting nodes or servers. It allows users to access and utilize customized computing power and resources based on their needs.
Currently, HashPower AI (HASH) is priced at $0.1084, and its value has seen a significant increase. Its price has increased by a staggering 209.58% in the past 24 hours, and a massive 2000.33% in the past week. Despite the volatility of the global cryptocurrency market, HashPower AI has performed well and far outperformed the market's decline.
Over the past seven days, the price of HashPower AI (HASH) has increased by a staggering 2000.30%, outperforming similar Ethereum ecosystem cryptocurrencies. Meanwhile, other cryptocurrencies have only grown by 12.70%. This outperformance highlights the strong demand and growing interest in HashPower AI in the cryptocurrency community.
HASH tokens can be traded on decentralized exchanges, with Uniswap V2 on Ethereum being the most popular platform for buying and trading HashPower AI. The most active trading pair, HASH/WETH, has a trading volume of $239,651 in the past 24 hours.
The recent surge in trading activity, which saw an 80.30% increase in trading volume from the previous day, indicates increased market participation. This increase in activity reflects the cryptocurrency community’s growing interest in HashPower AI. At the same time, the increased interest in HashPower AI indicates that investors are increasingly recognizing its value proposition.
What could be the next hot cryptocurrency?
In today’s cryptocurrency market, new cryptocurrencies are more likely to win compared to more established assets like Ethereum and Bitcoin. Investors who held ETH during the recent bull run ultimately underperformed, while investors who held strategic meme cryptocurrencies performed better. An example is the Sponge token.
The token gained more than 200% between its listing date and its all-time high. Moreover, its potential to rise further remains very high. A core factor that led to the sharp rise of Sponge tokens was the reputation of V1, which exceeded $100 million at its all-time high, and the timing of the launch of V2. The team launched the project when the bull market was about to reach its top speed.
Don't forget,
#SPONGERS
!
#SpongeV2
Through our upcoming
#P2E
The game brings you exciting features!
Get ready to earn by playing games and ranking on the leaderboards
$SPONGE
Tokens.
Stay tuned for more information!
#MemeCoin
#Crypto
#Alts
#100x
– $SPONGE (@spongeoneth)
March 22, 2024
As a result, the Sponge V2 token had a market cap of over $250 million at its peak, making it one of the best performing assets in the bull market. More importantly, SPONGE is entering a new round of bull market, especially after the announcement of the P2E gaming feature. It is expected that this feature will create more demand for the project's underlying asset, the SPONGE token.
Therefore, holding
SPONGE
Those who invest in SPONGE are likely to see an increase in the value of their assets. Moreover, speculations are circulating about the return of the bull run after the halving event. Therefore, progressive meme coins like SPONGE are already in a position to become the hottest cryptocurrencies in the market.
Visit Sponge V2 Presale
Read more
Most popular cryptocurrencies
Smog (SMOG) - Meme Coin with Rewards
Rating
Airdrop Season 1 is in progress
Earn experience to earn your share of $1 million
Featured on Cointelegraph
Staking Rewards - 42% APY
OTC 10% Discount - smogtoken.com
Visit website
Join us
Telegram
Channel to keep up to date with the latest news reports
English 
Chinese (China) 
Chinese (Hong Kong) 