Crypto Gloom

Most popular cryptocurrencies on Polygon – IoTeX Network (PoS), Jugni, Crosschain IOTX

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By Crypto Gloom

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El Salvador’s President Nayib Bukele recently visited the Argentine Congress for discussions with Vice President Victoria Villarruel. The focus of the meeting was to review El Salvador’s Bitcoin strategy and consider how Argentina could leverage these insights in its own security and economic policies. Meanwhile, Dogecoin (DOGE) showed an 18% decline from its recent peak. However, according to on-chain analysis, the bullish trend of this meme coin is still intact.

Sentiment indicators suggest further price increases are possible. In the meantime, retail investors have been taking advantage of the recent price rise of meme coins. Meanwhile, the platform’s tokens posted a rally. In this article It is currently the most popular cryptocurrency on the Solana chain.

Most popular cryptocurrencies on Polygon

The price of IoTeX Network (PoS) is currently $0.0383. Meanwhile, Jugni is trading at around $0.0014 and has a market capitalization of around $134.04K. Cross-Chain IOTX (CIOTX) is a wrapped token designed to improve interoperability across blockchain environments.

Flockerz ($FLOCK) introduces a new strategy to the meme coin space with a vote-to-revenue system and decentralized governance through Flocktopia, a decentralized autonomous organization (DAO). additionally, Bitcoin is showing its strongest rise in September. Investors are still assessing the economic outlook.

1. IoTeX Network (PoS) (IOTX)

The current value of IoTeX Network (PoS) is $0.0383. The market capitalization is $480.30, and the 24-hour trading volume was $11.33K. In the last 24 hours, the price has risen by 2.20%, and the circulating supply of IOTX coins is 12.34K, which is in line with the maximum supply.

Trading volume during this period is very low with only one volume unit recorded. This low trading volume means that liquidity for this asset pair is limited or trading is infrequent. A significant upward movement is evident, indicated by a strong green candle, reflecting the price increase from $0.03767 to $0.03833.

IOTX price chart

However, after this surge, two small red candles appear, signaling a slight downtrend. This trend suggests that buyers are initially raising prices while sellers are attempting to counter the price increases. Nonetheless, the price remains stable at around $0.03833.

After the initial rise, the chart shows a period of sideways movement, hinting at a possible consolidation phase. This consolidation means that the market is adjusting to the new price level before any further action is taken. Additionally, the noticeable gap in trading activity before and after the price spike suggests that a sudden buy or sell order may have triggered the price rise, highlighting the weak trading activity in this market.

Additionally, rapid price increases due to low trading volume indicate low liquidity. This condition indicates that fewer transactions are needed to cause significant price movements. The market currently appears to be in a consolidation phase following initial upward momentum.

2. JUGNI

Jugni is a memecoin inspired by Polygon founder Jaynti’s pet cat and runs on the Polygon network. These tokens are tax-free and the liquidity pool has been fully depleted. As a result, Jugni has developed a strong community on platforms such as Telegram and Twitter, gaining traction particularly within the Polygon/Matic ecosystem.

Currently, Jugni’s real-time price is approximately $0.0014 and its market capitalization is approximately $134.04K. In the last 24 hours, the token recorded a trading volume of $3.46K with a notable increase of 34.89%. The circulation volume of JUGNI coins is 94.94 million, which is also the largest supply and means complete circulation.

JUGNI price chart

Key statistics highlight its position in the market. The market capitalization is $134,040 and liquidity is about $26,800. The total supply of JUGNI tokens is 94.94 million, with 2,190 holders. It also has a 24-hour trading volume of $3.46K and a volatility rating of 0.1291. The token also surpassed 100,000 transactions, with 35,070 WMATIC pooled together with 9,490,000 JUGNI, representing 10% of the total pooled amount.

Volume trends also provide additional insight. After the initial price surge, there was a noticeable decline in trading volume, especially during the consolidation period. This decline could mean that many traders exited after the initial surge, making the market quieter. The volume bar at the end shows only 30 transactions, reinforcing the idea of ​​declining interest at current price levels.

3. Cross-chain IOTX (CIOTX)

Crosschain IOTX (CIOTX) serves as a wrapped token that aims to improve interoperability within the blockchain ecosystem. This allows IoTeX tokens to be transferred over various networks, allowing for seamless exchange and interaction between IoTeX and other blockchain platforms such as Polygon. This connection process takes place through a platform called IoTube, which acts as an intermediary for these transactions.

The current real-time price of Crosschain IOTX is $0.0363, with a market capitalization of approximately $420.56K. The token has seen its price increase by 26.22% in the last 24 hours despite its trading volume being only $0.2192. With a circulating supply of 11.63 million coins matching the total supply, the market presents a clear picture of the availability of CIOTX.

CIOTX price chart

Analyzing the 15-minute candlestick chart of the CIOTX/USD pair reveals significant price movements. The current price of $0.03637 is a 14.58% decrease from the market price.

Moreover, it is important to note that despite significant price fluctuations, the recorded volume remains at zero. This lack of trading activity indicates that transactions executed during this period were not captured or were caused by low liquidity conditions. In this case, even minor transactions can have a significant impact on the price. The lack of notable trading activity prior to this move further suggests that this price movement may have been an isolated event.

What is the next most popular cryptocurrency?

Flockerz ($FLOCK) presents an innovative approach to the meme coin sector through a decentralized governance model and vote-to-yield mechanism through Flocktopia, a decentralized autonomous organization (DAO). The recently released Flockerz quickly raised over $355,000, establishing itself as a notable contender in the presale space. Marketed as “The People’s Meme Coin,” this token combines a community-driven governance structure with attractive staking rewards.

The vote-to-revenue system allows all $FLOCK holders, referred to as “The Flock”, to actively participate in the decision-making process within the Flocktopia DAO. DAOs are built on blockchain technology and promote a decentralized and community-driven environment by providing a framework for members to suggest, discuss, and vote on issues that matter.

To further encourage participation, Flockerz rewards voters with additional $FLOCK tokens. These incentives mean that the more actively holders participate in voting, the more tokens they can earn, which drives participation and aligns attention towards project goals.

Of the total supply of 12 billion $FLOCK tokens, 25% will be allocated as staking rewards. This staking model offers a respectable return of 6675% APY, making it an attractive option for those looking to hold their tokens for the long term. The model also aims to strengthen the stability of the project by allowing users to lock up their tokens, reducing the circulating supply.

Additionally, 2.4 billion $FLOCK tokens, or 20% of the total token supply, will be allocated for the ongoing presale. Currently, investors can purchase $FLOCK at a pre-sale price of $0.0056785, which is expected to rise slightly as the project progresses to the next phase. Flockerz The pre-sale framework offers advantages and accessibility to early investors.

Visit Flockerz Presale

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