Top Trending Cryptocurrency on Avalanche (AVAX) Today: Landwolf (WOLF), BENQI (QI), COQINU (COQ) and Mega Dice Presale

The market is relatively calm today as investors are turning to altcoins for potential opportunities. Despite the XRP-led crypto pump in the last 24 hours, ETH remains unmoved in its consolidatory trend. BTC, however, made a quick recovery from the $54k dump back to $57.

The market is relatively calm today as investors are turning to altcoins for potential opportunities. Despite the XRP-led crypto pump in the last 24 hours, ETH remains unmoved in its consolidatory trend. BTC, however, made a quick recovery from the $54k dump back to $7.

On the other hand, Avalanche maintains its status as one of the fastest smart chains, but the price of the AVAX token fails to reflect its utility. Nonetheless, tokens within the network are making up for the underperformance of Avax, and this post provides an analysis of the top trending cryptocurrencies within the network.

Furthermore, crypto opportunities abound in the crypto presale category. This post also includes an overview of the Mega Dice presale. It offers investors insight into the project’s potential and how to participate in the token presale.

Top trending cryptocurrency on AVAlanche

1. Landwolf (WOLF)

Landwolf is one of the top trending crypto tokens on the Avalanche chain today. The project adopts the popular character, which also goes by the name Landwolf.

There are speculations in the crypto community that Landwolf is the Avalanche network’s mascot. However, there is no proof to substantiate the claims. Generally, Landwolf is one of the fastest-growing crypto tokens in the memecoin category, contending with assets like BRETT, COQINU, and PEPE, among others.

The crypto market saw substantial price improvement today, and the price of Landwolf also increased significantly in the last 24 hours. Besides being one of the most trending crypto coins on Avalanche, WOLF is equally among the top gainers with over 25% increase in price.

So tall so handsome and so skilled. These #Olympic2024 games are an easy target for a top alpha predator like $WOLF. #Basketball too easy, time to move to another sport$AVAX #LANDWOLF pic.twitter.com/KV4Z2RyQJY

— LANDWOLF 🔺 (@LANDWOLFONAVAX) August 5, 2024

It boasts a volume increase of about 10% and a market cap of over $4 million. According to Snowscan data, WOLF has over 11,592 holders as of the time of writing. Similarly, its circulating supply is reportedly pegged at 690 billion tokens.

While the considerably large supply may affect the potential of the token in the long run, its growing investor count gives it the support it needs to expand substantially over time.

In the meantime, WOLF is recording progressive growth as the prices of crypto tokens improve.

2. BENQI (QI)

BENQI is one of Avalanche’s most popular utility-based projects. It provides a non-custodial liquidity market and liquid stacking protocol to DeFi users worldwide. The project taps into Avalanche’s high-speed Smart contract network. The platform mainly offers lending, borrowing, and other key DeFi functions.

Today, BENQI is among the top trending cryptocurrencies on the Avalanche chain as it makes its way back from a long downtrend. The token posted over 50% giants today, bringing it back to its price earlier in the month.

If QI maintains its current uptrend, there are chances it’ll reclaim the $0.12 level, perhaps heading for the month’s high. At the moment, QI battles the resistance at $0.12, implying that investors should observe the token’s performance before making key decisions.

Do more with BENQI partner @MonroeProtocol!

JMY0x recently discussed Monroe's formation and move to @avax.

🎙️ https://t.co/YK8FsShrFy pic.twitter.com/hDeJb1qBcw

— BENQI🔺 (@BenqiFinance) August 6, 2024

On the other hand, the market data of QI suggests that the project has the potential to attract participation from investors. DEXTools info shows that QI has a market cap of about $57.68. Similarly, its trading volume increased by 48% today, giving it a total volume of $2.8 million.

Furthermore, data gathered from the project’s website shows that users have borrowed over $91 million from the platform, and it boasts over $249 million in total supply. The liquidity on the platform gives investors a level of confidence in the project’s sustainability. Investors looking towards the DeFi sector should keep the QI token on their watchlist, particularly as it makes its way towards price recovery.

3. COQINU (COQ)

COQINU has achieved impressive gains in recent times. The price of COQ recently pumped by nearly 100%, putting the popular meme coin crypto on investors’ watchlist.

Today, COQ ranks as one of the most trending crypto tokens on the Avalanche