The price of SOL has dropped by more than 25% amid the bear market, and several tokens on the chain have also lost considerable profits. However, it is worth noting that despite the market downturn, the Solana chain has some impressive assets. These tokens are among the hottest cryptocurrencies on the Solana chain today.
Market data shows that traders have lost hundreds of millions of dollars in the recent market downturn. The network, which was once hailed as one of the most popular chains during the bull run, has also been affected. SOL rose more than 700% in the first quarter of this year, but has now fallen to $153.
Regarding the performance of assets in the market, there are some undervalued assets that have the potential to be top performers in the coming weeks, with Smog being a promising representative in this category. Its ongoing airdrop program is helping the project gain widespread attention. Ultimately, Smog is expected to become one of the hottest assets in the coming weeks. The article provides more information about the token.
1. Ligma Node (LIGMA)
As Solana's RPC node service, Ligma's impressive rise and innovative features have caused a stir in the Solana blockchain community. Characterized by its unparalleled speed and reliability, Ligma facilitates seamless communication between decentralized applications (dApps), bots, and other services within the Solana ecosystem. This unique service has attracted attention for its ability to quickly execute transactions, mainly supporting traders seeking efficient solutions.
One of Ligma’s standout features is its commitment to providing affordable solutions. All nodes are hosted in-house and provided exclusively to clients. In the competitive world of RPC node services, this focus on providing affordable solutions sets Ligma apart.
Meanwhile, Ligma’s price has surged by 26.01% in the past 24 hours. This reflects the investor enthusiasm following the announcement that Ligma will oversee its Solana validator. The validator enables holders to profit from fees while enabling node users to access upgraded services.
Ligma's dashboard is live! Migrate your node plan from the Telegram bot to our official dashboard.
• Purchase your plan
• Manage your plan
• IP authentication for Pro and God plans
View the dashboard:
https://t.co/ZACcPFx1FZ
— LigmaNode (@LigmaNode)
April 12, 2024
In addition, LIGMA tokens are available for trading on decentralized exchanges, with Raydium becoming the preferred platform for Ligma Node trading. This accessibility ensures that investors and users can easily participate in the Ligma ecosystem.
With its latest announcement and price surge, Ligma’s innovative approach to RPC node services makes it a promising player in the Solana blockchain space. As the project continues to grow and expand its offerings, it remains one of the hottest tokens on Solana.
2. Nova Finance (NOVA)
Nova Finance is changing the DeFi space through its programmable asset framework. Nova provides users with a simplified way to access decentralized finance without complex financial skills. With Nova, users can create customized asset portfolios, automatically generate returns through various yield strategies, and execute advanced investment strategies such as fixed investment and stop profit calls.
This innovative synthetic asset allows crypto experts to program assets to follow complex investment strategies. It in turn allows them to create portfolios that are easy to follow and invest in, even for less experienced users.
Furthermore, Nova’s user-friendliness aims to make DeFi more democratized. Thus, it makes these services accessible to a wider audience and promotes financial inclusion in the digital asset space.
By using Nova’s on-chain investment algorithm, you can accurately control your planning and remain objective during the buying and selling process.
— NOVA (@NovaFinance_)
April 10, 2024
In terms of performance, Nova Finance has shown impressive growth over the past year, with its price increasing by 310%. It has outperformed 86% of the top 100 cryptocurrencies including Bitcoin and Ethereum, and is currently trading above its 200-day simple moving average. This bullish sentiment is reflected in the Fear and Greed Index, which is 72 (Greed), indicating a positive market sentiment.
In addition, NOVA tokens are traded on centralized and decentralized cryptocurrency exchanges, providing users with flexibility and convenience. AscendEX (BitMax) is the most popular exchange for trading Nova Finance. It provides a seamless trading experience, and the most active trading pair is NOVA/USDT.
Meanwhile, Nova Finance is showing growing market activity and investor interest as trading volumes increase.
3. Artrade Token (ATR)
Artrade is a pioneering platform in the art market that has changed the way traders exchange art by implementing advanced security measures. Artrade focuses on authenticity and traceability, ensuring that every artwork exchanged on the platform is authentic.
In addition, by adopting blockchain technology, Artrade brings unprecedented transparency to art transactions. This innovation provides stakeholders with an auditable record of every transaction, enhancing trust and confidence between buyers and sellers.
In addition, Artrade has integrated NFT technology to solve liquidity challenges in the art market. NFT technology allows direct and secure transactions between art lovers, collectors and creators, enhancing overall market liquidity. The platform's user-friendly application provides a seamless experience for NFT creators and investors. It helps eliminate the high minting fees, commissions and environmental impacts involved in traditional NFT markets.
Artrade’s business model initially provided NFC chips for free, with plans to move to paid services for artwork creation. This shift could generate revenue for the platform. Last year, Artrade recorded a staggering 873% growth. This outstanding performance outperformed 95% of the top 100 cryptocurrencies, including Bitcoin and Ethereum.
Minuit pieces can still be found in our market
Artrade is proud to work with outstanding artists in our market
You can find these artworks at 40% off compared to traditional galleries.
Check out this amazing trailer!
pic.twitter.com/sr6QTafsF0
— Artrade (@ArtradeApp)
April 12, 2024
With its unwavering commitment to security, transparency, and liquidity, Artrade sets a new standard for art exchange platforms. Artrade is moving the art industry toward a future that redefines art transactions with a focus on trust and decentralization. As the platform continues to innovate and grow, it is poised to significantly shape the future of the art market.
What might be the next hottest cryptocurrency?
Most memecoins had almost zero viability in Q1. However, SMOG ranked as one of the best performing assets in Q1 and continues to move towards top performance.
Currently, the overall performance of cryptocurrencies is poor, and SMOG has also been affected. Nevertheless, there is speculation that capital inflows may shift to memecoins, and investors holding such assets have the opportunity to earn impressive returns on their investments.
The bearish outlook puts to the test Smog’s month-long positive performance. Today, the token’s price dropped by more than 12%. While SMOG may have lost a considerable amount of value, this is not an isolated case. Double-digit losses are common across the cryptocurrency market. Therefore, this drop is mainly an advantage to buying more units of an asset with upside potential.
Due to continued congestion on the Solana network, resulting in 70-80% of transaction failures, we will postpone the first season of SMOG airdrops until Solana network congestion decreases to manageable levels.
This approach ensures…
— SMOG (@SMOGToken)
April 11, 2024
Additionally, SMOG’s airdrop program shows that the project can maintain its growing popularity. The airdrop program has completed its first season and recently launched its second season. Traders and design investors still have the opportunity to participate.
However, the deal fell through, leading to an adjustment in the timeline for Season 1. Detailed information about the airdrop can be found on the project’s Twitter account. Investors can find other important information about Smog on the project’s website.
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