Phoenix published a report on top searched tokens on CoinGecko, like $PEPE, $DOGE, $SXP, and new trendy projects like $PNUT and $FRED. Cryptocurrency markets remain active and developing, so the new edition of “Top Trending Searches” on CoinGecko contains some of the industry’s most popular and trending tokens.
TOP TRENDING SEARCHES BY #COINGECKO$SXP $OM $ELON $PNUT $KOMA $PEPE $GOAT $SLERF $DOGE $FRED pic.twitter.com/y6hKoXvt2q
— PHOENIX – Crypto News & Analytics (@pnxgrp) November 16, 2024
This chart by Phoenix Group was published on November 16, 2024, and identifies some significant projects like $PEPE, $DOGE, $SXP, and new trendy projects like $PNUT and $FRED.
Trending Giants: $SXP, $OM, and $ELON
The three most viewed projects on CoinGecko at the moment are Solar Network ($SXP), MANTRA ($OM), and Dogelon Mars ($ELON). Solar Network ($SXP) has a market cap of $219.9 million combined with a 19.2% weekly price hike. This is especially true given its primary emphasis on decentralized payments and average $45.3 million 24 trading volume.
In the second position, we have MANTRA ($OM) with a nearly $2 billion market capitalization and a staggering weekly price increase of 60.5%. It has remained an active option in the DeFi market by sustaining a trading volume of $829.6 million.
The third one is Dogelon Mars ($ELON), with a market cap of $126.4 million. It has a weekly rise of 41.2%. It is cheap at $0.022 for each token, thus attracting speculative traders.
Meme Coins on the Rise: $PNUT$, $KOMA$, and $PEPE
Among the top search terms on CoinGecko, meme coins are still popular, occupying the 4th, the 5th, and the 6th place. The fourth place is $PNUT with 2040.1% of weekly price growth. It has a market capitalization of $1.8 billion and a trading volume worth $3.8 billion, making it rise to prominence through the help of social media.
Koma Inu ($KOMA) stands in the 5th place with a $50.3 million market cap and a 928.2% price increase. It has a trading volume of $1.6M, and it is relatively cheap at $0.050 per token, a factor that will attract retail investors.
Standing at place 6th, Pepe ($PEPE) boasts a market cap of $9.1 billion. $PEPE gained 95.1% on the week and has a trading volume of $9.1 billion, proving it is still one of the dominant coins within the meme token space.
Speculative Breakouts: $FRED, $GOAT, and $SLERF
Due to their high volatility, many speculative tokens can be observed in the 7th, the 8th, and the 10th positions. $GOAT occupies the seventh place, having a market capitalization of $1.1 billion and a weekly increase of 49.1%. The trading volume of $628 million and the presence of the token on decentralized exchanges such as Bitget suggest that there is budding demand for these coins.
Slerf ($SLERF) is at eighth, with a market capitalization of $212.6 million and a 131.6% weekly price change. $SLERF has been popular among investors since it reached a 24-hour trading volume of $2.5 billion.
First Conv. RACCON ($FRED) ranks at 10, with a weekly movement of 5,702%, which qualifies as the most explosive token. Currently, $FRED has a market capitalization of $ 200.7 million and a trading volume of $ 103.7 million, making it backed by viral trends.
Legacy Token Remain Strong: $DOGE
That legacy tokens still carry considerable influence is evidenced by Dogecoin ($DOGE), ranked 9th. Currently boasting a market capitalization of $280.5 million, with a weekly price increase of 34.1%, $DOGE is going strong because of its devoted fan base and commanding a daily trading volume of $35.8 million.
As every token presents specific opportunities and threats, this week’s changes reflect the constantly evolving nature of the crypto market.
