Meme Crypto Projects Dominate the Top Trending Cryptocurrencies on Ethereum Today

This trend suggests a possible shift in market interest towards meme coins. Moreover, the sideways trends of major crypto projects make investors seek opportunities for substantial ROI.

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Meme crypto projects are leading the gainers’ list on DEXTools today, with many assets posting four-figure percentage gains. The tokens’ performance comes as ETH finally responded to market movements after weeks of stalled performance.

Top Trending Cryptos On Ethereum

Today’s post covers the performance of the tokens within the Ethereum network, mostly the top trending cryptocurrencies on the Ethereum Chain. It also provides an analysis of the presale offering of the MGMES token.

1. MAGA AGAIN (MAGAA)

Make America Great Again is a phrase popularised by the former president of the United States, Donald Trump. MAGA, an acronym derived from the Make America Great Again phrase, has been widely used by several memecoin. A crypto project pushing the boundaries of the phrase is the MAGAA.

According to its DEXTools coin page, it’s the brainchild of an experienced crypto crew who wishes to support the Donald Trump movement. Despite the slow market condition in the meme coin sector, the MAGA Again project has seen significant adoption. At the time of writing, Dextools reports that the project has nearly 4,000 holders.

Extremism is dangerous and leads to loss of freedoms. Western civilization is falling apart because it has drifted too far to the left. For the sake of the world, we need a course correction.

You don't have to love Trump to see he is the only option. https://t.co/6slw4ijprv

— $MAGAA (@MAGAAtoken) August 10, 2024

In addition to its progressive adoption, Maga Again boasts an 182% price increase in the last 24 hours. Its trading volume increased by over 398% today, putting it among the top trending cryptocurrencies on the Ethereum chain. MAGAA is valued at over $22 million in market cap today. Arguably, it’s among the fastest-growing meme coins on the market.

The token has achieved $1.72 million locked liquidity, implying it might be gearing up for a CEX listing. At the time of writing, there is no information about the intention. However, a successful CEX listing would likely unlock the next level of MAGAA value.

For its drawbacks, the token’s circulating supply is pegged at 1 billion dollars, equal to its total supply. Despite the token’s growing influence and holder count, trading activity remains relatively low, with 81k reported transactions on DEXTools.

2. Meta Monopoly (MONOPOLY)

Once in a while, crypto tokens, particularly meme coins, pump aggressively to give Degen investors a chance to earn a substantial reward on their investments. Meta Monopoly falls into these categories today. The project recorded an over 100% price increase today as it climbs to the top trending cryptocurrency on the Ethereum chain.

Meta Monopoly is described as a cutting-edge digital platform with a vision to harness the Play-to-Earn sector of the crypto market. Although the project shares a name with the popular Hasbro brand, it is not affiliated with it.

Meta Monopoly extends its DeFi activities beyond its native cryptocurrency. It also offers a uniquNFTft asset with the Ticker MMNFT. However, the NFT wing of the project is relatively less popular than the MONOPOLY token. DEXTools ranks the project among the top trending on the Ethereum chain today after it posted a nearly 50% increase in price.

According to DEXTools, Meta Monopoly has a market cap of $24 million and a locked liquidity pool of $154k. Given the project’s liquidity, it might be a while before investors see a Meta Monopoly CEX exchange listing.

Meta Monopoly’s trending status notwithstanding, investors considering the token for an investment opportunity may have to wait until it achieves critical mass for sustainable growth before making a decision. More importantly, the token’s price chart reveals that it would likely switch to a trend reversal as it trades at an established resistance level.

3. Neiro (NEIRO)

Meme coins generally outperform the crypto market by a wide margin, particularly the popular ones. According to DEXTools, Neiro is one of the top trending crypto meme coins now, boasting over 15 thousand holders. The project came into the limelight, positioning itself as the sister to the popular meme projects Doge and Kabosu.

Neiro’s performance has been quite remarkable. It attained over $256 million in market cap within a few weeks of its debut. Usually, most trending memecoin goes into oblivion before making a quarter-billion market cap. At its current pace, many crypto enthusiasts anticipate Neiro’s becoming the Pepe of this season.

The coin achieved over $22 million