In today’s market overview, we are focusing on the top trending cryptocurrencies on DEXTools such as 4Chan, Unleash, Planet, AiDoge, and Scam. These token pairs have managed to outperform even the popular Pepe coin, which has been pushed to the #7 position. This change in ranking comes after a strong weekly close from Bitcoin, allowing some alternative cryptocurrencies to catch a bid.
The top trending cryptocurrency, 4CHAN ($4CHAN), was listed on Uniswap on May 1st, and, so far, it hasn’t made its way to any centralized crypto exchanges. Despite this, the token has experienced double-digit growth and has a fully diluted market cap of just $18 million. 4Chan’s contract has been renounced, and it holds a perfect DEXTscore of 99/99 with $800,000 liquidity. However, some investors may argue whether its lack of exposure on centralized exchanges could limit its potential growth.
Another trending cryptocurrency, UnleashClub (UNLEASH), was listed on Uniswap on June 17th and went on to be listed on Bitget, CoinW, and MEXC. Its current market cap is $6 million. Unleash Club describes itself as an “open-source crypto squad” that uses AI tools, models, and datasets. While its project is still being developed, the community waits in anticipation for the meme token’s potential use cases, which could either drive its value up or down.
Scam ($SCAM) is a more under-the-radar project that was listed on June 19th, not yet listed on CoinMarketCap, and has a market cap of $1.1 million. With a mysterious token description reading, “Some cryptos aren’t memes. Inside exposé of the worst scams in crypto and beyond,” it also has smart contract issues as identified by the automatic audit results on DEXTools. While these issues could deter some investors, others might be intrigued by this enigmatic project.
Planet ($PLANET) has been in a strong uptrend since its listing on May 30th and has a market cap of $79 million. Although listed on BitMart and MEXC, not much is known about this cryptocurrency, with its tokenomics remaining cryptic for the crypto space. Investors are left to weigh the potential return of this unknown project against the uncertainties surrounding it.
Finally, AiDoge (AI), listed on Uniswap on June 19th, and MEXC under the ticker $AI2, has a market cap of $14 million. Similar to UnleashClub, AiDoge is a meme generation platform based on artificial intelligence. Users of the platform can create memes based on text prompts using $AI tokens to purchase credits. While this innovative idea is appealing to some, others might question the long-term viability of a meme generator as a serious investment option.
In summary, the recent shift in the top trending cryptocurrencies showcases the ever-changing landscape of the market. Investors have the opportunity to explore these new projects but should be cautious and thoroughly weigh the pros and cons before making any decisions.
Source: Cryptonews
