As of the time of this writing, the crypto market is down by 0.26%. The market has been down for the third straight day due to several external factors. They range from stock market effects to upcoming decisions on several countries’ interest rate hikes.
But stocks markets got some relief early on Tuesday as China promised to roll out stimulus packages to shore up its economy. Traders saw the news as a sign that the Chinese economy may begin a new path to recovery.
Crypto investors and traders may be waiting out on the sidelines. Everyone is anticipating the next policy decision of the Feds and the ECB. Both bodies should give a clear policy direction once their rate decision is announced.
The top trending cryptos on DEXTools continue to feature top activities in the crypto market. Assets are moving in rapid flashes but they are reflective of the market’s mood. Existing assets, however, seem to draw more attention these days.
1. Shaun the Sheep (SHAUN)
Shaun the Sheep is a new token based on the character of the most popular sheep in the world, Shaun. The character started in the series, “Wallace and Gromit.” it quickly made a name for itself and became popular. From there, it began its own series. Now the Shaun character has stepped into the crypto space in an attempt to become a top trending crypto someday.
Shaun the Sheep’s character is even doing much more than crypto in the blockchain space now. This other appearance holds a promise of driving the token farther when it hits full utility and adoption.
The Sandbox announced that it was going into a partnership with the studio behind Shaun the Sheep, Aardman. Shaun will now be featured in the metaverse and be the first sheep to do so!
The Shaun the Sheep team has expressed their gladness about the prospect of creating NFTs based on their characters. They are also eager about the possibilities that will come with owning digital identities through blockchain technology.
This partnership will see The Sandbox allocate an Estate to Shaun the Sheep’s World. Shaun the Sheep will be one of the first characters to enter the estate. Subsequently, the show’s fans will be able to get in to play around on the farm.
The Sandbox has said that the platform is excited and can’t wait to see what gaming experience comes out of this. The Metaverse is still focused on building its space one LAND at a time.
2. Ascend (ASC)
Ascend runs a decentralized finance payment system that replicates existing traditional payment systems on the blockchain. The network uses a number of stablecoins pegged to fiat currencies for its operations. These stablecoins are stabilized to Ascend’s native cryptocurrency, ASC, through algorithms.
The network has been used to facilitate about $700 billion worth of transactions for millions of users.
Hot Pairs on DEXTools
Decentralized finance structures are what most new crypto set-ups want to push their businesses through. The wider atmosphere is for investors to hold their assets through decentralized systems where they can have control.
This is the sentiment Ascend is building on. It hopes to leverage the tracks of some of its better-advanced competitors like dYdX and GMX. Once it gains better traction within the crypto space, then its native token might be on its way to being a top trending crypto. ASC would have gained more utility and popularity in that time such that it would be widely adopted.
3. Worldcoin (WLD)
Worldcoin just got listed on crypto exchanges on the 24th of July but it is making incredible progress. The token rose by 33% within 24 hours after it launched. Now selling at $2.28, it currently shows a 1.52% rise for this moment. In spite of many criticisms after it launched, WLD’s first day of operation surpassed Bitcoin and most other crypto assets in the market.
The concern shown by traders borders on its circulating supply in comparison with its supply capitalization. Worldcoin currently has only a percentage of its total supply in circulation, with that, its market capitalization is over $243 million at this time.
143 million WLD tokens were issued at the launch. 100 million of them were allocated to market makers. The rest of the tokens were received by investors.
Despite concerns about WLD’s price stability, it has been listed by prominent exchanges including Binance, KuCoin, OKX, Gate.io, Huobi, and Bybit.
4. Burn Kenny (KENNY)
Burn Kenny launched on Monday after a short presale launch. With a hard cap of $500,000, it was a quick one to round up and it got the market’s attention in that time.
With the momentum it was able to generate in its short presale period, it is easy for KENNY to become a top trending crypto. First, the marketing strategy that went into the entire project from the beginning came together to aim its outlook and endear people to it.
The network has an in-built burn mechanism designed to help keep its token’s value high. This burn mechanism was also supposed to kick in 24 hours after the exchange listing. Since it was launched at 6:00 pm CET on Monday, the first burn was executed at 6:00 pm CET on Tuesday.
The deflationary value of the token will make sure its value is kept high for a long time to come. Investors who may have missed out on the presale for any reason should now get it on exchanges.
What Might Be The Next Top Trending Crypto?
A presale project doing amazing work with many prospects is DeeLance. The network’s community of users is growing every day to show how much faith is had in it. It also reflects the level of community engagement that would be generated from it after it fully launches. DeeLance already hosts community interactions at regular intervals on Twitter and Telegram.
In the same way, its presale has been quite spectacular. The project has now raised over $1.6 million. With 5 days left to the end of this stage, investors who are yet to secure DLANCE from the presale are encouraged to do so.
DeeLance is a platform seeking to use Web3 and blockchain technology to change how work is done for freelancers. The network is taking both freelancers and employers away from the pressing nature of Web2 freelancing platforms that stifle operations.
Deelance features a metaverse where freelancers can display their works as NFTs. The metaverse guarantees the same level of ownership of items as it is for regular NFTs.
Employers can also set up their spaces in the metaverse so they can speak with the freelancers they wish to engage on any job. Importantly, this model guarantees security and privacy for all players as they are free to negotiate their jobs as they deem fit.
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