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.
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.
