Crypto Gloom

DEXTools’ Top Trending Cryptocurrencies – GROK, Coldstack, ValleyDAO Tokens

Crypto Companies News
By Crypto Gloom

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At the time of this report, the global cryptocurrency market capitalization has grown to $1.41 trillion. This represents a slight increase of 0.62% over the past day. As a result, DEXTools’ top trending coins gained leverage to take further profits.

However, the overall cryptocurrency market size decreased by 12.10% in the last 24 hours, totaling $45.36 billion. DeFi contributed $4.65 billion in this volume, constituting 10.26% of the total cryptocurrency market activity. Meanwhile, stablecoins maintained a significant presence, recording a trading volume of $41.72 billion, accounting for 91.97% of the total cryptocurrency market 24-hour trading volume.

On stock markets, most Gulf stock markets closed higher on Tuesday, driven by a surge in oil prices amid expectations of expanded production cuts by OPEC+ oil producers.

Oil prices, a pivotal factor influencing Gulf financial markets, rose 1.1% on Tuesday, with the price of Brent crude reaching $80.82 per barrel at 12:40 GMT. OPEC+, made up of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, is scheduled to hold a ministerial meeting on Thursday to consider production targets for 2024.

In Dubai, the benchmark index (.DFMGI) closed 0.4% higher for its third straight session of gains, with almost all sectors showing positive momentum. Prominent property developer Emaar Properties (EMAR.DU) surged 2.7%, while Dubai’s largest lender Emirates NBD (ENBD.DU) rose 1.1%.

Abu Dhabi’s benchmark index .FTFADGI rose 0.3%, with conglomerate ALPHADHABI.AD rising 1.1% and Abu Dhabi National Oil Company (ADNOCDIST.AD) surging 1.8%.

The Saudi Arabian benchmark index (.TASI) bounced back, rising 0.2% after falling in the previous session. The uptrend was bolstered by stronger performance in energy, financials, healthcare and materials.

DEXTools’ most popular cryptocurrency coins

Lumi Rental (4262. SE) rose 2.4% and Dr Sulaiman Al Habib Medical Services (4013. SE) rose 3.7%.

On the other hand, the Qatar Index (.QSI) continued its downward trend for the fifth consecutive session and closed down 0.2%. Industries Qatar (IQCD.QA) fell 0.9%, while Qatar Navigation (QNNC.QA) experienced a notable 2.7% decline, contributing to the index’s decline.

1. GROK

The value of GROK, a token inspired by Elon Musk’s OpenAI competitor, soared more than 25.65% in less than 24 hours, with daily trading volume reaching around $20 million. It has been constantly competing to become the best cryptocurrency.

GROK’s fully diluted market capitalization reached $48 million just days before the full launch of Grok AI, an AI-powered chatbot that will compete with OpenAI’s chatGPT. It is important to make clear that GROK and similar cryptocurrencies have nothing to do with Musk’s AI initiatives.

GROK price chartGROK price chart

Since Musk’s announcement on November 4, anonymous and pseudonymous developers have created several GROK-themed coins. Collectively, these coins have experienced massive gains of over 30,000% at one point.

By November 13, GROK’s market capitalization had soared to $120 million, but suffered a significant decline after cryptocurrency researcher ZachXBT published findings linking previous fraudulent projects to this AI token. This has caused significant “FUD” (fear, uncertainty, and doubt) surrounding the coin and its unidentified developer.

In response, supporters and backers gathered on the X Spaces platform to counter ZachXBT’s claims that the cryptocurrency investigator had spread inaccurate information about GROK and its founder.

Musk announced that Grok AI will be accessible to all X Premium users from November 26 to December 2, 2023. Despite not being related to mainstream AI efforts, AI-based cryptocurrency tokens have emerged as a hot topic among digital asset participants, raising more than $6. $1 billion based on CoinGecko data.

2. Cold Stack (CLS)

Coldstack (CLS), a prominent cryptocurrency, has seen a huge rise in value, reaching $0.214732 today with a 24-hour trading volume of $2 million. This surge recorded a whopping 199.13% increase in the past day and a whopping 434.14% surge in the last 7 days. Coldstack has a circulating supply of 18 million CLS tokens and currently has a market capitalization of $3.85 million.

CLS price chartCLS price chart

The all-time high for Coldstack (CLS) was $6.46, recorded over two years ago on May 15, 2021. The current price is a significant drop of 96.77% from the all-time high. Conversely, the all-time low for Coldstack (CLS) was hit at $0.03684638, about two months ago, on October 8, 2023. This represents a significant surge of 466.71% from the lowest price point to the current price.

Over the past seven days, Coldstack (CLS) has significantly outperformed both the global cryptocurrency market, up 4.20%, and similar Ethereum ecosystem cryptocurrencies, up 12.70%, with an impressive price surge of 434.10%.

Currently, community sentiment surrounding Coldstack (CLS) appears to be overwhelmingly positive. Over 88% of users expressed optimistic sentiments, reflecting a very positive outlook on the token’s future trajectory.

Coldstack (CLS) continues to see solid growth, characterized by a recent surge in value. With bullish sentiment among users, it is establishing itself as a noteworthy player within the cryptocurrency landscape.

3. ValleyDAO Token (Growth)

The current price of ValleyDAO (GROW) is $0.479133 with a 24-hour trading volume of $631,398. In the last 24 hours, the price has seen an impressive surge of 186.30%. With a circulating supply of 6.4 million GROW tokens, ValleyDAO’s market capitalization is valued at $3.65 million.

The all-time high for ValleyDAO (GROW) was $0.622362, which was hit about 1 hour ago on November 28, 2023. In comparison, the current stock price is down 7.84% from its all-time high.

GROW price chartGROW price chart

ValleyDAO’s all-time low was recorded exactly 7 days ago, on November 22, 2023 at $0.152417, showing a significant increase of 276.32% from the lowest price point to the current price.

The price performance of ValleyDAO (GROW) reported over the last 7 days should be provided with the latest information available.

Current community sentiment towards ValleyDAO indicates optimistic behavior. However, the percentages mentioned exceed 100%, which is the standard limit for sentiment measurement.

What is the next most popular cryptocurrency?

The rise of meme-inspired tokens took root with Wall Street Memes, a tribute to the legendary GameStop series. Beyond their simple financial appeal, Wall Street Memes symbolize a movement that challenges traditional economic norms. Going forward, Wall Street Memes’ continued success adds to its appeal to investors and enthusiasts.

Investing in Wall Street Memes goes beyond financial considerations. This is your chance to join a movement that blends humor, community solidarity, and economic empowerment. Echoes of GameStop Memes resonate in every token burn and charity effort, highlighting the community’s collective voice in shaping the path of the coin. In the dynamic realm of cryptocurrency, Wall Street Memes stands out as a guiding light, weaving together community engagement and historical homage, thanks in part to the enduring influence of GameStop Memes.

Visit Wall Street Memes.

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