Top Trending Crypto Coins on DEXTools – Agoras Token, GHOSTDAG, DEXTools

On Dec 5, 2023

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The global cryptocurrency market cap has slightly declined by 0.88% in the last 24 hours. Its value now stands at $1.54 trillion. However, this does not affect the advancement of the top-trending coins on DEXTools.

Within 24 hours, the total crypto market volume surged by 36.06%, reaching $86.23 billion. DeFi accounted for $10.1 billion, constituting 11.71% of the total crypto market’s 24-hour volume. All stablecoins collectively contributed $78.87 billion, representing 91.47% of the overall crypto market’s 24-hour trading volume.

Bitcoin currently holds a dominance of 53.10%, marking a 0.53% increase over the day. This rise in Bitcoin dominance coincides with a marginal downturn in the global crypto market, while trading volumes continue to show significant activity in various sectors, notably DeFi and stablecoins.

On Tuesday, Germany witnessed its 10-year government bond yield plummet to a six-month low, coinciding with a pause in global shares hovering around four-month highs. This development followed heightened speculation among traders regarding potential rate cuts by the European Central Bank (ECB) in early 2024, coupled with ongoing deliberations over the Federal Reserve’s economic outlook.

The 10-year Bund yield descended by as much as 7 basis points to 2.28%, marking its lowest level since June 2. This notable decline was triggered by remarks made by ECB official Isabel Schnabel in a Reuters interview. Schnabel expressed that further interest rate hikes are “rather unlikely” following an unexpected and substantial drop in inflation.

In most developed markets worldwide, government bond prices experienced an upswing as bond yields, which move inversely to prices, declined. This move counters the trend observed in 2022 and earlier this year when central bank policy rate hikes led to a considerable sell-off in government bonds.

Traders are now exhibiting near-complete anticipation of a 25 basis point rate cut from the ECB during its March meeting, with predictions of nearly 150 basis points of cuts by the end of 2024.

Top Trending Crypto Coins on DEXTools

The Euro initially experienced a decline, later regaining ground, ultimately settling slightly lower at $1.0829 against the U.S. dollar.

Similar expectations of rate reductions persist in the United States, with traders considering a 50 basis point cut more likely than not by June. Reflecting these sentiments, the 10-year U.S. Treasury yield declined by 5 basis points, at 4.24%. This correction followed a 6-basis-point rise observed the previous day. The market’s cautious adjustment signifies a delicate balance between global monetary policy shifts and economic projections amidst evolving inflationary dynamics.

1. Agoras Token (AGRS)

The currency of Agoras (AGRS) is one of the leading and top-trending cryptocurrencies on DEXTools at the time of this report. Its price stands impressively at $6.99, exhibiting a remarkable 24-hour trading volume of $7.31 million. This surge signifies an extraordinary 43.70% increase within the last 24 hours, further emphasizing a staggering 363.21% surge over the past seven days. Unfortunately, current data regarding Agoras’s market cap is unavailable due to an unreported circulating supply of AGRS tokens.

Reflecting on Agoras’s historical price performance, the coin’s all-time high was recorded at $38.86 on May 13, 2020, over three years ago. The current price demonstrates a substantial 81.82% decrease compared to this historical peak. Conversely, the all-time low for Agoras rests at $0.02638930, noted on Dec 29, 2022, about 11 months ago. Comparatively, the current price marks an astounding surge of 26,677.16% from this lowest point.

In contrast to its cryptocurrency counterparts, Agoras (AGRS) has exhibited an exceptional price performance. In the last seven days, it showcased a phenomenal 362.90% surge, surpassing the global cryptocurrency market’s growth rate of 7.90%. Furthermore, compared to similar Ethereum Ecosystem cryptocurrencies, Agoras: Currency of Tau (AGRS) outperformed, showcasing a higher growth rate of 12.70%.

The prevailing market sentiment towards Agoras remains overwhelmingly bullish, with more than 92% of the community expressing positive sentiments about its current trajectory. This robust sentiment mirrors the coin’s recent outstanding performance, evoking optimism and confidence among investors and enthusiasts regarding its potential future growth.

2. GHOSTDAG (GDAG)

Presently priced at $0.00030540, GhostDAG (GDAG) showcases robust market activity, boasting a significant 24-hour trading volume of $1.06 million. This surge reflects a notable 39.25% increase within the last 24 hours, complemented by a steady 11.26% rise over the past seven days. Notably, the market cap data for GhostDAG is currently unavailable due to the unreported circulating supply of GDAG tokens.

Looking into GhostDAG.org’s price history, the coin’s all-time high stands at $0.00035966, achieved eight days ago on Nov 26, 2023. The current price indicates a 15.22% decrease from this recent all-time high. Conversely, the coin’s all-time low is recorded at $0.00015046, observed 11 days ago on Nov 24, 2023. This signifies a 102.67% surge from the lowest point to the current price.

GhostDAG (GDAG) exhibits promising price performance compared to its crypto peers. Over the last seven days, it demonstrated an 11.30% increase, outpacing the global cryptocurrency market’s growth rate of 7.90%. However, when compared to similar Ethereum Ecosystem cryptocurrencies, GhostDAG (GDAG) slightly underperformed, showing a growth rate of 12.70%.

$GDAG holders will note change in status of logistics for some of the $KAS miners – marked bold:
1 additional device was acquired in 2nd batch thanks to preferential pricing, bumping from 14 to now 15. Is enroute.
Total Th/s now 472.2
IceRiver KS3M 6 Th/s:
35 GhostDAG (210… https://t.co/yXeqgESTi5
— GhostDAG.org (@MineKaspa) December 5, 2023

The prevailing market sentiment towards GhostDAG remains overwhelmingly bullish, with over 93% of users expressing optimism about its current trajectory. This sentiment underlines community confidence and positive expectations for GhostDAG’s prospects, accentuated by its recent surge in trading activity and price appreciation.

3. DEXTools (DEXT)

DEXTools is trading differently than others today. With its price presently at $0.647995, DexTools (DEXT) showcases a 24-hour trading volume of $119,273. This reflects a slight 1.59% decline in the last 24 hours despite an impressive 20.67% surge over the past seven days. With a circulating supply of 89 million DEXT tokens, DexTools holds a market capitalization valued at $57,915,566.

Reviewing the historical performance of DexTools (DEXT), the coin’s all-time high stands at $0.940315, recorded over two years ago on Mar 09, 2021. The current price is approximately 30.98% lower than this historic peak. Conversely, the coin’s all-time low was observed at $0.00001117, noted over three years ago on Jun 19, 2020. The current price marks an extraordinary increase of 5,812,221.02% from this rock-bottom figure.

In contrast to its counterparts, DexTools (DEXT) exhibits commendable price performance. Over the last seven days, it displayed a noteworthy 20.70% surge, outpacing the global cryptocurrency market’s growth rate of 7.90%. Additionally, when measured against similar Ethereum Ecosystem cryptocurrencies, DexTools (DEXT) showcased a competitive growth rate of 12.70%.

Another success for @DextForce ,always selecting the better projects and teams to invest for our community. @LitLabGames is performing very well last weeks so congratulations to all members that invested in our group.📈 https://t.co/HTD1wtWc5m
— DEXT Force Ventures (@DextForce) December 4, 2023

The market sentiment towards DexTools (DEXT) today remains overwhelmingly bullish despite its market position. More than 100% of users expressed positive sentiments and confidence in its ability to retain its spot as a top-trending cryptocurrency. This bullish stance underscores the community’s confidence and optimism about DexTools’ potential growth and performance in the crypto landscape despite the recent minor decline in the 24-hour trading period.

What Might Be The Next Top Trending Crypto?

The Bitcoin ETF Token introduces a compelling staking feature that rewards holders for locking up their tokens, aiming to drive scarcity within the network. It offers an attractive 119% Annual Percentage Yield (APY), yet this rate diminishes as more tokens are staked, prompting a sense of urgency for prospective participants.

A significant portion, amounting to 25% of the project’s total supply, has been earmarked for staking rewards. These rewards will be gradually disbursed to the community across a five-year vesting schedule, emphasizing a long-term commitment to the token’s sustainability.

What’s the aim of the #BTCETF #Token?
This #BitcoinETF token, operating as an ERC-20 token, commemorates the anticipated introduction of #Bitcoin ETFs into the American financial markets. 🎉 pic.twitter.com/nybwFgMwwH
— BTCETF_Token (@BTCETF_Token) December 5, 2023

One promising aspect underscoring its potential longevity is the project’s active engagement on social media platforms and its website. Despite its launch three weeks ago, it has amassed a sizable following of 2.9k Twitter followers and 3.6k Telegram subscribers.

Regular updates on Bitcoin-related news are shared with the community via its website and social channels. The project curates the most recent commentary from various sources, consolidating insights into a user-friendly dashboard and simplifying understanding the dynamic crypto landscape.

The BTCETF presale has achieved significant traction, amassing over $2.5 million within three weeks and setting a hard cap of $4,956,000. Upon reaching this threshold, the token will transition to exchanges, its value dictated by the principles of supply and demand.

Given the early triumphs of BTCETF and the fervent anticipation surrounding Bitcoin ETFs, the presale will likely soon reach its target. The subsequent round, commencing in slightly over a day, will witness a price increase from $0.006 to $0.0062. Following this, three more rounds are slated, culminating in the final round, which is priced at $0.0068. Potential investors are urged to consider acting promptly to secure the maximum potential for returns in this evolving landscape.

Visit Bitcoin ETF Token.

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