Top Trending Crypto Coins on DEXTools – Wootrade Network, Beam, Dawg Coin

On Dec 23, 2023

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In recent developments, groundbreaking projects on DEXTools have attained new heights. These include Wootrade Network, Beam, and Dawg Coin, which have emerged as pivotal players in redefining the future of blockchain and decentralized finance. They are opening a new vista for investors to explore further.

Top Trending Crypto Coins on DEXTools

As the crypto landscape continues to mature and diversify, the convergence of these leading projects marks a turning point in the industry. The integration of cutting-edge technologies, the exploration of the metaverse, and the intersection of AI with decentralized applications represent a paradigm shift towards greater accessibility, innovation, and utility within the blockchain ecosystem.

1. Woo Network (WOO)

Woo Network‘s token, WOO, rose by almost 42% in the last five days, a robust display of its improvement this month. This development shows a potential continuation of bullish trends despite the possibility of a brief corrective pullback.

Technical analysis has shown promising prospects for WOO Coin, suggesting the potential for further gains. However, certain on-chain metrics hint at the possibility of intensified selling pressure looming in the upcoming days.

WOO reached a high of $0.3925 on the 15th of December before retracing to seek support around the $0.351 mark. This dip established the $0.35-$0.37 zone as a consolidation area on lower timeframes.

If WOO revisits this consolidated range, a bullish response in price action is anticipated. The examination of Fibonacci retracement levels highlighted the $0.3513 mark at the 50% level, fortifying its significance as a support zone. Additionally, the $0.4267 level holds considerable importance within higher timeframes.

Just unwrapped your $AKI airdrop? 🎁
For those who did (or didn’t), trading for $AKI is now open on the WOO X spot market.
▶️ Trade now: https://t.co/AmeOTFz2st https://t.co/qZePF6UgjF pic.twitter.com/8cQ45uHLvg
— WOO X (@_WOO_X) December 22, 2023

Analyzing the Relative Strength Index (RSI) on the 12-hour chart indicated a reading of 61, affirming the persistence of bullish strength even amid the pullback. Moreover, the On-Balance-Volume (OBV) didn’t exhibit a substantial decline, suggesting minimal selling volume despite the corrective movement in price.

The current scenario presents an intriguing juxtaposition between technical indicators pointing towards potential upward movements and on-chain metrics hinting at the possibility of increased selling pressure. Traders and investors await the next moves in the WOO market, poised for possible price reactions within the specified support and resistance levels.

2. Beam (BEAM)

The Beam token is also gaining today because of a new development on the Merit Circle network. Merit Circle announced that it was entering a new collaboration with San Francisco-based venture capital firm Framework Ventures.

According to Merit Circle, the collaboration involves Framework Ventures’ investment in Merit Circle via BEAM tokens, marking a strategic move to bolster Merit’s capabilities. Post-acquisition, the BEAM tokens will be directed toward Merit’s treasury, with a portion earmarked for sale to select strategic investors. The announcement emphasizes a diversified token allocation strategy, enabling trusted parties to access discounts by committing to long-term lock-ups, ensuring sustained dedication to Merit’s mission.

Upon reception of BEAM tokens, investors will subsequently contribute USDC to Merit Circle’s treasury. This infusion of USDC funds is poised to fuel Merit Circle’s ambitious pursuits, spanning new investment ventures, internal project launches, and potential acquisitions within the gaming and metaverse domains.

Vance, a General Partner at Framework Ventures, expressed enthusiasm for the collaboration, particularly highlighting the transformative potential of BEAM in broadening cryptocurrency adoption within the gaming sphere. Vance underlined the pivotal role of gaming in the future crypto landscape, emphasizing BEAM’s role in bridging the existing billions of monthly gaming users with the crypto ecosystem. Emphasizing BEAM’s foresight and strategic initiatives despite contrary beliefs, Vance conveyed Framework’s eagerness to contribute to a new era of crypto use cases, envisioning BEAM as a trailblazer in this transformative journey.

The partnership between Merit Circle and Framework Ventures signifies a concerted effort to capitalize on the intersection of gaming, metaverse, and cryptocurrency, positioning BEAM as a top-trending cryptocurrency and a pioneering force in driving adoption and innovation within these rapidly evolving domains.

3. Dawg Coin (DAWG)

Today, the price of DAWG Coin (DAWG) stands at $0.02138078, with a 24-hour trading volume of $4,877.84. This reflects a notable 23.10% downturn in price over the last 24 hours, accompanied by a stark 40.00% decline over the past seven days. Unfortunately, information regarding the market cap of DAWG remains available due to unreported circulating token supply data.

DAWG tokens are accessible for trading on various decentralized exchanges, notably finding traction on Raydium. Among the available trading pairs, the DAWG/SOL pair is the most active on Raydium, with a trading volume of $4,875.00 recorded within 24 hours.

The 40.00% decline in DAWG’s price performance over the last seven days contrasts with the broader global cryptocurrency market, which has seen a positive trend, currently up by 3.90%. This underperformance highlights a divergence from the market trend, raising questions regarding DAWG’s position in the current crypto landscape.

Happy Hump-Day Dawgs
The expected outcome is always the most likely.
‘For Now’$DAWG pic.twitter.com/4HNXpDIJ5Q
— DAWG COIN (@DawgCoinERC20) December 20, 2023

The fluctuating price trends of DAWG suggest a period of significant volatility, indicating potential uncertainties surrounding the token’s market position and investor sentiment. As trading continues on decentralized exchanges like Raydium, market participants keenly observe DAWG’s price movements amid the evolving cryptocurrency market dynamics. Nevertheless, DAWG remains a top-trending cryptocurrency, and traders are bullish about it.

What Might Be The Next Top Trending Crypto?

Meme Kombat (MK) emerges as a strong contender in the memecoin space. It presents a new concept that amalgamates AI-generated meme battles with innovative betting and staking functionalities. This unique feature has endeared the project to the hearts of many, and it is set to become the most trending cryptocurrency as the year ends.

With about $4 million already raised during its presale phase, Meme Kombat is swiftly gaining momentum, drawing parallels to the success trajectories of popular altcoins like BONK.

At the heart of Meme Kombat lies a distinctive betting experience, allowing users to engage in wagering on AI-forged meme battles. These battles unfold in real-time and are meticulously processed on-chain, guaranteeing absolute transparency and fairness in outcomes.

More epic buys into the $MK presale🤩 pic.twitter.com/s3xCQnGLZk
— Meme Kombat (@Meme_Kombat) December 23, 2023

Integrating AI technology is central to the platform’s integrity, ensuring randomized results without manipulation. This crucial element enhances the overall credibility of the betting experience, assuring users of a genuine and unbiased gameplay environment.

With a capped total supply of 120 million MK tokens, the presale allocates 50% of these tokens (60 million MK) at a rate of $0.246, which is set to rise to $0.257 in the imminent future.

The distribution strategy earmarks 30% of tokens for staking and battle rewards, 10% for community incentives, and 10% for DEX liquidity, fostering an ecosystem of engagement and liquidity provision.

Beyond the betting realm, users can leverage their MK tokens for staking, providing an additional income-generating avenue. Presently, the project offers enticing stakes in annual percentage yields (APYs) amounting to an impressive 228%. However, it’s crucial to note that these yields might fluctuate as more participants join the platform.

Meme Kombat pays homage to the legacy of beloved meme cryptos like Pepe and Doge, seamlessly integrating them into its Battle Arena. The project emphasizes high-quality art illustrations, maintaining the essence of original meme designs while elevating them for the platform’s unique interface.

Season 1 of Meme Kombat showcases 11 legendary memes, each possessing distinct attributes, fostering depth and engagement for users. Enthusiastic investors keen to participate in the presale can explore Meme Kombat’s official website, facilitating contributions through ETH, USDT, and BNB.

Visit Meme Kombat.

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