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Cryptocurrency News Articles

This Week's Top Trending Crypto Coins on DEXTools

Oct 28, 2024 at 12:36 pm

This past week saw increased volatility in the cryptocurrency market. Bitcoin (BTC) attempted to surpass its previous high of $69,500—last seen in July—but ultimately fell short.

This Week's Top Trending Crypto Coins on DEXTools

This past week, the cryptocurrency market saw increased volatility. Bitcoin (BTC) attempted to cross its previous high of $69,500, last seen in July, but ultimately fell short. After a quick pullback, BTC found stable support at the $65,000 mark, a level it tested twice over the week. It is now consolidating around this support zone.

Meanwhile, institutional interest in Bitcoin remains strong, with Bitcoin ETFs experiencing net inflows of $997.7 million, marking the third consecutive week of positive inflows. On the other hand, tokens within several networks have also witnessed rallies. This article curates the top trending crypto coins on DEXTools.

Top Trending Crypto Coins on DEXTools

The Tommy Shelby: The Devil (DEVIL) coin is currently priced at $0.000737, and it has a market capitalization of $775,170. Kleva Protocol operates on the Klaytn blockchain as a decentralized finance (DeFi) platform, focusing on leveraged yield farming. The token associated with this project, Steve (STEVE), is valued at $0.000209, with a market cap of $209,320.

Additionally, Flockerz (FLOCK), a newly launched meme-inspired cryptocurrency, has successfully raised $1 million during its ongoing presale. Meanwhile, Chris Larsen of Ripple is reportedly investing millions to support the Harris campaign.

1. Tommy Shelby: The Devil (DEVIL)

The Tommy Shelby: The Devil (DEVIL) coin currently trades at $0.000737, with a market cap of $775,170. Over the past 24 hours, its trading volume has surged to $1.32 million, marking an impressive 16,098.73% increase. The token has a circulating supply of 1 billion coins, reaching its full issuance.

The 15-minute DEVIL/USD chart on DEXTools.io reveals substantial price volatility. The current price of $0.0007231 represents a slight decrease of 1.29%. This chart illustrates active market participation, with rapid fluctuations in price and volume, followed by a noticeable reversal after an initial price spike.

Initially, the chart shows a period of limited activity, with smaller price shifts and low trading volume. Around 15:00, however, there was an evident increase in buying interest, indicated by green candles, which may have signaled the start of an upward breakout.

Following this buildup, the price saw a significant rise, reaching a peak of $0.002500 around 16:00. This sharp upward move was accompanied by a substantial increase in trading volume, suggesting a wave of buyers entering the market.

After peaking, the price action turned volatile, with frequent changes between green and red candles. This period of back-and-forth reflects a balance of buying and selling pressures as the market sought a stable range. Eventually, sellers gained the upper hand, pushing the price down to the $0.0007 range by around 19:00, nearly wiping out earlier gains.

2. Kleva Token (KLEVA)

Kleva Protocol is a decentralized finance (DeFi) platform on the Klaytn blockchain, specializing in leveraged yield farming. It amplifies the liquidity layers within Decentralized Exchanges (DEXs) by integrating directly with their farming mechanisms. Through this integration, KLEVA attracts liquidity to both its platform and the exchanges it partners with. This setup promotes a higher total value locked (TVL) across the ecosystem, benefiting all participating parties.

Currently, the live price of the Kleva Token (KLEVA) is $0.310, with a market capitalization of about $15.03 million. Although there was a recent spike in trading volume, overall trade activity remains low. This suggests limited liquidity. The circulating supply is 48.43 million KLEVA out of a maximum supply of 55 million coins.

The KLEVA/USD 15-minute chart on DEXTools.io indicates significant volatility, with sharp price changes in brief periods. Presently, KLEVA is trading at around $0.3103, which reflects a recent drop of -7.91%. The chart also shows consistently low trading volume, with only occasional spikes during abrupt price movements. This pattern hints at speculative trading activity and relatively low liquidity.

There are several observations related to liquidity and price volatility. First, trading volume on the KLEVA chart is consistently low, with only sporadic activity and few candles showing substantial volume. Limited liquidity often results in unpredictable price behavior, as even minor trades can trigger notable price shifts.

3. Deployed by Steve (STEVE)

Deployed by Steve (STEVE) is currently priced at $

News source:insidebitcoins.com

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