Market Downturn Continues as Investors Await Policy Decisions
The crypto market has experienced a 1.24% decline for the second consecutive day, following a week of wins. Despite these conditions, investors and traders are still active as they await policy decisions. DEXTools is highlighting the top trending cryptocurrencies, with established assets gaining more attention from market players.
EU Trade Chief Advocates for Reduced Restrictions on European Businesses in China
Valdis Dombrovskis, Europe’s top trade chief, is embarking on a four-day working trip to China to advocate for reduced restrictions on European businesses. The visit aims to rekindle dialogue with China due to pandemic-related economic disruptions and concerns about Beijing’s relationships with Moscow. Dombrovskis will participate in economic and trade dialogues, engage with Chinese officials and European companies based in China, and deliver keynote addresses during his trip.
Trending Cryptocurrencies: GOLD, PogeX, and BlockBank
GOLD (GOLD)
The GOLD token recently experienced a significant surge of over 28,000% within a day of being listed. Although its price retraced slightly from its intraday high of $0.3225, it maintained substantial gains. Traders should monitor key moving averages on the 5-minute chart as levels of resistance. The token is currently trading lower than these levels, indicating high selling pressure. Traders looking to enter or augment positions should consider buying GOLD during pullbacks toward support levels.
PogeX (POGEX)
PogeX saw a 1,125% rally overnight, making it the most trending cryptocurrency on DEXTools. This rise coincided with increased DEX market volatility and the breakout of on-chain activity. PogeX distinguishes itself as the first centralized exchange focusing on memecoin spot and derivatives products. It has gained significant traction in the memecoin space, driven by crypto influencer Selena Royf.
BlockBank (BBANK)
BlockBank is a comprehensive crypto platform that aims to integrate elements from centralized finance and decentralized finance realms. Its goal is to expand financial accessibility globally while leveraging AI technologies for decision-making processes. The BBANK token serves as the key to accessing BlockBank services, earning interest, and boosting user APY. By holding BBANK tokens, users can unlock advanced functionalities and improved APYs.
What’s Next: Meme Kombat
A new memecoin called Meme Kombat (MK) is gaining attention in the market. It offers an annualized percentage yield (APY) and introduces a competitive aspect through its Battle Arena. Participants can engage in head-to-head combats, wagering MK tokens for rewards. The presale phase is currently ongoing at an accessible rate of $1.667 per token. With its unique concept, Meme Kombat has the potential to become the next top trending crypto.
Hot Take: Meme Kombat Introduces Innovative Earning Concept
Meme Kombat stands out in the memecoin space by offering not only community backing but also inherent utility through its stake-to-earn model and Battle Arena. This innovative concept combines artificial intelligence, competitive gaming, and the potential for substantial gains. With its accessible presale phase and unique features, Meme Kombat has the potential to disrupt the crypto market and become a major player in the industry.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.