Arslan Butt
Major crypto prices were trading in the negative early on October 25, with the global crypto market worth down 0.83% to $929 billion on the previous day. In contrast, the total crypto market volume increased by over 13% in the last 24 hours to $52 billion.
DeFi’s total volume is currently $2.57 billion, accounting for around 4% of the entire 24-hour activity in the crypto market. The entire volume of all stablecoins is now $47.78 billion, accounting for over 90% of the overall crypto market 24-hour volume.
Take a look at the top ten altcoins with rising cryptocurrency prices. These cryptocurrencies may provide investors with the best returns.
Polygon (MATIC)
Polygon (MATIC) is a cryptocurrency and technology platform that connects and builds Ethereum-compatible blockchains and apps. On the Polygon network, MATIC tokens manage, secure, and cover transaction fees. Solutions for layer 2 Polygon have gotten a lot of attention recently because of its growing number of partnerships. The network is now in the NFT market.
Polygon Studios announced on October 21 that they were working on an e-sports platform for their network. It would aid Polygon’s efforts to enter the e-sports market as well as other initiatives aimed at increasing interest in its NFTs.
Believe it or not, this is not a fantasy.
Two of the world’s biggest trends & most innovative technologies – Esports & #Web3 – are coming together #onPolygon
Welcome to @fanguild_gg – an e-sports fantasy platform built on Polygon https://t.co/8ShWLoRmtZ
— Polygon Gaming (@PolygonGaming) October 21, 2022
These actions could help them gain traction and attract more customers to their NFTs.
MATIC Price Chart – Source: Tradingview
The MATIC/USD is currently trading at $0.9203 with a 24-hour trading volume of $504 million. Polygon has increased by over 6% in the last 24 hours. The current ranking is #11, with a market capitalization of $7.7 billion. Matic also has a circulating supply of 8,734,317,475 MATIC coins and a maximum supply of 10,000,000,000 MATIC coins.
Neo (NEO)
Neo describes itself as a rapidly growing and evolving ecosystem that will lay the groundwork for a new economic system based on digital assets, identities, and payments. One of the Neo blockchain’s distinct selling points is its ongoing development, which ensures its future-proofed ability to deal with surges in demand.
Furthermore, Neo 3.0, which was developed as part of the project to improve network security while processing more transactions per second, is now available. N3 is the Neo blockchain’s most capable and feature-rich development.
NEO Price Chart – Source: Tradingview
On October 25, Neo had a 24-hour trading volume of $104million and was trading at around $8. The current position is #68, with a live market cap of $589 million. It has a maximum quantity of 100,000,000 and a circulating supply of 70,538,831 NEO coins.
Terra Classic USD (USTC)
The Terra Classic community voted in favor of Proposition 5234, which reduces the tax burn rate from 1.2% to 0.2% and allows infrastructure and ecosystem contributors an additional 10% tax income. The initiative was supported by 83% of the community, with 82% voting in favor.
#Binance will reduce the burn tax on $LUNC and $USTC from 1.2% to 0.2% with the Terra community's recently passed Proposition 5234 to reduce the tax drain on LUNC and USTC on-chain transactions
— Aimee Walker (@1_Aimee_Walker) October 19, 2022
The new tax rate became effective with epoch 98. Binance announced changes to the deposit and withdrawal fees for LUNC and USTC on the Terra Classic network while also expressing support for the new tax.
USTC Price Chart – Source: Tradingview
The current USTC price is $0.037, with a $47 million trading volume over the past 24 hours. In the past 24 hours, it has increased by over 2 %. The current ranking is #93, with a live market valuation of $362 million. There are 9,808,591,823 USTC coins in circulation, and the maximum supply is not yet available.
Dash 2 Trade (D2T)
D2T, Dash 2 Trade‘s native ERC-20 token, is the primary unit of exchange within the Dash 2 Trade ecosystem. D2T is a vital part of Dash 2 Trade because, like the best ERC-20 tokens, it has inherent value.
Access to the ‘Starter’ and ‘Premium’ tiers of the platform is the primary function of the token. Access to the Premium tier will cost users 1,000 D2T per month, while the Starter tier can be had for a monthly fee of 400 D2T. Both of these tiers provide access to the core functionality of Dash 2 Trade, with the Pro version providing even more powerful options.
D2T is the native token of Dash 2 Trade. With features like on-chain research and a trading API, the platform aims to become the Bloomberg terminal for digital currencies. It will make it easier for market participants to obtain up-to-date information on how to maximize profits.
DON´T MISS #D2T PRESALE!
Stage 1 started and we are selling out FAST!
BUY NOW https://t.co/RbJOUquh5n pic.twitter.com/7t67PiAJti
— Dash 2 Trade (@dash2_trade) October 20, 2022
Dash 2 Trade aspires to become a social trading platform that allows users to participate in recently announced crypto presales. The D2T token may become tradable on its initial exchanges in Q1 2023 after the end of its presale.
Furthermore, the Dash 2 Trade presale began on October 19 and during the presale, the price of the D2T token was 0.0476 USDT.
Calvaria (RIA)
Calvaria, a recently released game, is comparable to other games in its genre in that it lets players collect and trade cards and fight one another virtually. The fact that the game is made available through desktop and mobile app stores emphasizes the importance of player accessibility. Participants do not require a wallet, coin, or another asset to begin playing.
Moreover, the primary thing that makes the game approachable is that there are free-to-play and pay-to-earn versions available. The Calvaria stage 1 presale has started with a 33% progress. The network has now raised over 100,350 USDT of the 300,000 USDT target.
Currently, 1 USDT is equal to 100 RIA. However, by stage 2, the Calvaria price will increase to the point where 1 USDT is equal to 80 RIA.
Ethereum (ETH)
Ether, the second most valuable cryptocurrency, is a component of the Ethereum decentralized open-source blockchain platform. ETH is used to execute decentralized smart contracts and other cryptocurrencies. One of the most serious criticisms leveled at the cryptocurrency industry has been its use of energy. However, Ethereum has finally implemented a major network update.
This update fundamentally changes how the blockchain validates transactions, generates new currencies, and secures its network. The proof-of-stake mechanism has reduced Ethereum’s energy consumption by more than 99%.
Ethereum’s current price is $1,347, and its 24-hour trading volume is $128 billion. It increased by over 2% in 24 hours. With a live market cap of $164 billion, the current position is #2. There are currently 122,373,863 ETH coins in circulation.
Klaytn (KLAY)
Klaytn is South Korea’s leading blockchain platform. With its international foundation in Singapore, the network is expanding its company globally. On October 23, the public blockchain Klaytn, which focuses on the metaverse and video games, announced a governance proposal to reduce block rewards.
According to the latest Q3 updates sent to the Klaytn Governance Council (GC), the latest Q3 updates aim to maximize the KLAY token issuance level through a governance proposal that reduces block rewards by one-third.
An ongoing proposal by our GC recommends reducing existing block rewards by ⅓ in order to optimize the level of $KLAY emission.
Results of the governance vote will be in by 25 Oct 2022.
More details here:https://t.co/wkC9WEOrzq
— Klaytn (@klaytn_official) October 23, 2022
The proposed decrease was calculated based on token demand and current circulation. The team’s goal is to reduce KLAY inflation, making it more appealing to new investors and increasing its competitiveness while ensuring the long-term viability of Klaytn’s tokenomics.
Ethereum Name Service (ENS)
The Ethereum Name Service (ENS) is a decentralized, open, and extendable name system based on the Ethereum blockchain. ENS transforms machine-readable alphanumeric codes from wallets like Metamask into human-readable Ethereum addresses like john.eth.
Last month, Coinbase stated that it would provide ENS domains to users who wanted quicker transactions. Therefore, ENS may experience more growth in the upcoming days.
On October 24, ENS is trading for $17.49 with a $56 million with 24-hour trading volume. It has increased by over 6% during the past 24 hours. The current ranking is #96, with a live market valuation of $354,143,896. It has a maximum supply of 100,000,000 and a circulating supply of 20,244,862 ENS coins.
Aave (AAVE)
Aave is a cryptocurrency lending and borrowing system that is decentralized. Lenders profit by investing digital assets in specially designed liquidity pools. Borrowers can use their cryptocurrency as security to obtain a quick loan by leveraging this liquidity.
The modest improvement in the DeFi sector has been one of the primary drivers of Aave’s market recovery in recent weeks. Furthermore, volume profiles revealed that bears were gradually losing steam and could no longer force Aave lower.
Read more: Where to buy Aave (AAVE) today?
One of the most important indicators of a reversal is descending volume during a decline. Despite the difficult market conditions, the volume profiles after the breakout are changing, suggesting that AAVE is about to begin a reversal.
Aave is currently trading at $87.36, with a 24-hour trading volume of $135 million. It has increased by more than 6% in the last 24 hours. The current position is 43rd, with a live market capitalization of $1.2 billion. Furthermore, there are 14,093,193 AAVE coins in circulation, with a maximum supply of 16,000,000 AAVE coins.
IMPT
IMPT is a blockchain-based platform that allows individuals to buy carbon credits and fund global environmental sustainability efforts. The platform is at the forefront of blockchain’s fight against climate change, allowing people to earn money while helping others.
The platform’s native token, IMPT, is currently on presale, with early-bird investors able to purchase it for $0.018. The crypto asset has already raised over $9 million in the last two weeks, indicating a growing interest in the self-proclaimed greenest cryptocurrency.
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- Klaytn Metaverse Crypto is 40% Higher at $0.20
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- Michael Saylor Calls Ethereum a Security – Altcoin Daily Video
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Dash 2 Trade - New Gate.io Listing
- Also Listed on Bitmart, Changelly, LBank, Uniswap
- Collaborative Trading Platform Token
- Featured in Bitcoinist, Cointelegraph
- Solid Proof Audited, CoinSniper KYC Verified
- Trading Community of 70,000+ Members
This article was written for Business 2 Community by Arslan Butt.
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