In this post we look at some of the digital currencies that are trending the most on Uniswap, particularly memecoins and utility tokens.
Which cryptocurrency assets are gaining increasing popularity in the market? Is it worthwhile to make crypto altcoin purchases at such a sensitive time in the market?
All the details below.
The most trending meme-based cryptocurrency assets on Uniswap
Let’s start with the review of the most in vogue memecoins on Uniswap by talking about Wagmi (WAGMI) whose name represents an abbreviation of the phrase ” We Are All Gonna Make It”
The crypto token symbolizes the enthusiasm and unwavering emotional strength of the cryptocurrency community and for this reason may be taken in sympathy by degen traders in the Decentralized Finance world.
WAGMI has a capitalization of only $5 Million and a circulating supply that coincides with its maximum available limit, hence technically no new crypto tokens should be minted.
In the past 24 hours, the cryptocurrency has climbed greater than 20% and may continue on this path in the coming hours
Let’s now turn to a cryptocurrency that was inspired by the legendary internet Meme Coin Wojak, a cartoon drawing with black outlines of a bald man with a melancholy expression, likewise known as Fells Guy.
We’re talking about cryptocurrency Copium (COPIUM), which in its community represents the relentless resilience of cryptocurrency traders, who regardless of suffering losses during bear markets, always manage to bounce back.
COPIUM symbolizes emotional financing awareness and the importance of an operational intend to apply to trading.
The crypto token likewise capitalizes about $5 million, with a circulating supply equal to the total supply. The volume in the previous day has been higher than the project’s marketcap, synonymous that there is interest in speculating on COPIUM at this time.
From 21 May to today the cryptocurrency has been growing greater than 50 percent and being a project with a micro capitalization it can potentially easily grow if whales show up to buy on Uniswap.
In the end, mention should be made of the interesting cryptocurrency Turbo (TURBO), a memecoin created by digital artist Rhett Mankind through the Artificial Intelligence (AI) ChatGPT platform.
It differs from other crypto tokens that echo famous internet memes or symbolize virtues inherent in cryptocurrency communities precisely because it was created with artificial intelligence software.
TURBO capitalizes $25 Million and has a max supply coincident with the circulating supply.
The crypto token has been going through a prolonged bearish phase in recent days, but it is worth keeping an eye on for possible rebounds and upward restarts.
Utility crypto token presale: which cryptocurrency assets will quickly tendency on Uniswap
Let’s now move on to the analysis of 3 cryptocurrency assets that present utility crypto tokens within their projects, which are as of now being sold via presale and could easily tendency on Uniswap as soon as they are listed: we are talking about AIDOGE, ECOTERRA and LPX.
Beginning with AIDOGE, which can potentially look like a memecoin at 1st glance, presents an innovative project with a utility case that integrates blockchain tech and artificial intelligence.
The crypto token powers a Meme Coin creation platform where creators can be rewarded if their content goes viral within the community.
AIDOGE represents the crypto token with which users can benefit from the Artificial Intelligence (AI) software likewise as the currency used as a reward for prominent Meme Coin creators.
As of now the cryptocurrency is still in a presale stage, but it can potentially become trending once it is listed on Uniswap.
Another cryptocurrency whose sale is taking place via presale is Ecoterra (ECOTERRA), a utility crypto token that combines blockchain tech with environmental activism.
The project features a “recycle-to-earn” model that attracts users to take sustainable actions for the globe given the chance to earn digital currencies for free.
Through a dedicated mobile app, individuals can demonstrate their commitment to the environment and be rewarded with ECOTERRA tokens.
The platform has been audited by Certik and the project team has formed numerous partnerships with a number of organizations concerned with environmental sustainability.
As of now greater than $4 Million has been raised for the crypto token launch, which can be purchased at this time at a price of $0.00925.
In the end, the last cryptocurrency worth mentioning is Launchpad XYZ (LPX), which is part of a unique project that attempts to take full advantage of the tendency of Web 3.0 technologies.
Launchpad XYZ’s platform helps users discover emerging assets before they explode.
In reality, on the project’s website the 1st thing that distinguished is the slogan “find the following $PEPE before it explodes.”
Using in-depth data-driven analysis, the project can predict market sentiment, assess fundamentals, and identify industry trends.
LPX is likewise at a stage where buying is only possible via presale, but as soon as it is listed on Uniswap there could easily be a crypto token price pump.
As of now the cryptocurrency is priced at $0.046, but it is expected to increase according to the number of financial resources raised, which amounts to $580,000 for now.
Is it worth buying crypto altcoins right now?
In this post we presented a number of cryptocurrency assets with potential behind them that could see their value grow on decentralized platforms such as Uniswap.
Nonetheless, all the talk we have given must be subject to the macroeconomic conditions of the financial markets, the performance of BTC, and the situation of the crypto altcoin industry.
Unfortunately, all cryptocurrency assets with high potential and market caps of less than a Billion dollars present a very high danger being seen in their primordial era exclusively as speculative assets.
In situations where there is talk of a possible United States default with a United States debt ceiling crisis, and where in the cryptocurrency sector trading volumes are at multi-year bottom Line, perhaps overbalancing on the crypto altcoin side may be the wrong choice.
Additionally, there is that Bitcoin dominance is in a positive tendency phase, which corresponds to a momentum in which liquidity is flowing out of coin alternatives and into Bitcoin.
And once Bitcoin dominance is declining, especially when it breaks the 60-week moving average to the downside, then we may more calmly strategy entries on altcoins.
Investors see meme-based cryptocurrency assets and utility crypto tokens not is still established in the market as as well risky, hence there is a must be careful.
Devoting a very small part of one’s portfolio to this kind of speculative activity makes sense and is probably the wise thing to do.
However, being heavily exposed or, worse is still, going all-in on some crypto token of which one does not is still have an extensive history, is pure madness.
Be careful traders, and always do your research