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Top 10 Trending Crypto Searches by CoinGecko

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Top 10 Trending Crypto Searches by CoinGecko
  • The top 10 trending cryptos in search by CoinGecko are LCX, OVR.
  • Railgun, GameZone, Merit Circle, Metahero, Energy Web Token.
  • Klima DAO, Syscoin, and Bombcrypto.

1. LCX (LCX)

LCX is the fuel of the LCX.com platform and LCX Cryptocurrency Exchange. It is a proud member of the World Economic Forum’s Centre of the Fourth Industrial Revolution and has been named Blockchain Pioneer by the Blockchain Research Institute Canada. LCX is a secure and compliant platform for buying, selling, transferring, and storing cryptocurrency.

Furthermore, as per CoinGecko, LCX’s price was trading at $0.274305 with a 24-hour trading volume of $51,394,684. The circulating supply of LCX is 562,782,428. It can be traded in top crypto exchanges such as Coinbase Exchange, HitBTC, Uniswap (V3), AOFEX, and Uniswap (V2).

2. OVR (OVR)

The one platform for geolocalized AR and VR experiences based on the Ethereum blockchain is OVR. It allows for creating hosting and visualizing on mobile geo-located AR and VR contents. OVR projects also contain a fungible token (ERC-20) OVR Token utilized for governance and exchange of value on the platform unstoppable.

More so, according to CoinGecko, the OVR price is trading at $3.21 with a 24-hour trading volume of$8,5448,779. The circulating supply of OVR is 110,000,000. It can be traded in top crypto exchnages such as Bitget, PancakeSwap (V2), Gate.io, ZT, and Uniswap (v3).

3. Railgun (RAIL)

The third trending crypto by searches is Railgun (RAIL). It is a smart contract system that provides privacy and security to cryptocurrency and DeFi users through Zero-Knowledge Proof (ZK-SNARK) technology. RAIL is a native governance token that can be utilized for Railgun privacy. Owning RAIL enables you to participate in the future direction of Railgun.

At press time, RAIL’s price is trading at $1.86 with a 24-hour trading volume of $400,894. The circulating supply of RAIL is 50,000,000.

4. GameZone (GZONE)

The next trending crypto by search is GameZone (GZONE). As per CoinGecko GZONE has secured the 386th position. GameZone provides its community countless opportunities with a plethora of rewards, early access to groundbreaking new game releases, gaming tokens, and NFTs, play-to-earn opportunities, scholarships, advantageous tutorials, and many more.

Henceforth, at the time of writing GZONE’s price was trading at $0.957051 with a 24-hour trading volume of $6,789,360. The circulating supply of GZONE is 180,376,166. GZONE can be traded in top crypto exchanges such as PancakeSwap (V2), Gate.io, ZT, and Uniswap (V2).

5. Merit Circle (MC)

A decentralized autonomous organization (DAO) focuses on developing the play-to-earn (P2E) economy is Merit Circle (MC). Currently, it supports Axie Infinity, the most popular paly-to-earn game with the highest volume traded.

According to CoinGecko, MC’s price was trading at $8,72 with a 24-hour trading volume of $202,429,807. The circulating supply of MC is 42,592,000 MC. It was available in top crypto exchanges such as Uniswap (V2), Uniswap (V3), 0x Protocol, Hoo, and DODO.

Metahero is a project launched on BinanceSmart Chain (BSC) that combines 3D scanning technology with non-fungible token (NFT) smart contracts to allow the creation of unique meta avatars and meta-objects. In industry, countless crypto projects focus on NFTs and gaming, but only a few projects add 3D scanning into the mix, Metahera is also one among that few projects

Metahero’s (HERO) price was trading at $0.226167 with a 24-hour trading volume of $73,650,491. The circulating supply of HERO is 5,203,438,288 HERO. HERO can be traded in top crypto exchanges such as CoinTiger, PancakeSwap (V2), KuCoin, Gate.io, and ZT.

7. Energy Web Token (EWT)

Energy Web Token (EWT) is the operational token behind the Energy Web Chain, a blockchain-based virtual machine developed to support and further application development for the energy sector. Initially, the founders of EWT are in the idea to launch a versatile blockchain solution for a wide range of applications in the energy sector. Even blockchains like Ethereum also provide this diversity, Energy Web Chain, purposefully designed for the energy sector.

Currently, the EWT price was trading at $13.80 with a 24-hour trading volume of $28,276,892. The circulating supply of EWT is 39,925,988. Traders can able to trade EWT also in the following top crypto exchanges, KuCoin, Gate.io, Uniswap (V3), Kraken, and BitMart.

8. Klima DAO (KLIMA)

Klima DAO (KLIMA) placed in the 184th position in CoinGecko. It is a Decentralized Autonomous Organisation for change. It develops infrastructure incentives that fulfill our manifesto, through primitives such as the KLIMA token.

According to CoinGecko KLIMA’s price was trading at $758.55 with a 24-hour trading volume of $34,665,562. The circulating supply of KLIMA is 744,148 KLIMA. It is available in top crypto exchanges such as Hotbit, and Sushiswap (Polygon).

9. Syscoin (SYS)

Syscoin platform is s full Layer-1 and Layer-2 blockchain solution built to combine industry-proven technology to support cutting-edge applications all in one network. The main goal of SYS is to build a protocol that transforms the blockchain experience and combines the best of Bitcoin and Ethereum.

Moreover, Syscoin’s (SYS) price was trading at $0.808757 with a 24-hour trading volume of $49,418,499. The circulating supply of SYS is 623,350,361 SYS. It can be traded in top crypto exchanges such as Binance, Mandala Exchange, Gate.io, Pionex, and AEX.

10. Bombcrypto (BCOIN)

The tenth trending crypto by searches in CoinGecko is Bombcrypto (BCOIN). It is a classic play-to-earn game where players can buy bomber heroes and participate in exciting game modes. It contains 3 game modes including Treasure Hunt-Autoplay mode enables bomber heroes to plant their bombs in search of BCOIN and NFT.

Finally, the BCOIN price is trading at $7.37 with a 24-hour trading volume of $24,228,039. The circulating supply of BCOIn is 10,779,452 BCOIN. It can e traded in top crypto exchanges such as PancakeSwap (V2), and AOFEX.

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TA: Bitcoin Eyes Steady Recovery, Why Bulls Might Struggle

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Bitcoin started a recovery wave above $36,000 against the US Dollar. BTC must settle above the $38,000 zone to start a steady upward move.

  • Bitcoin is trying to clear the $37,500 and $38,000 resistance levels.
  • The price is now trading above $36,500 and the 100 hourly simple moving average.
  • There is a key breakout pattern forming with resistance near $37,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start a steady upward move if there is a clear move above the $38,000 resistance.

Bitcoin Price Eyes Upside Continuation

Bitcoin price managed to stay above the $35,000 zone and started a recovery wave. BTC climbed above the $36,000 resistance zone to move into a short-term bullish zone.

There was a break above the $36,500 and $36,800 resistance levels. Besides, there was a move above the 23.6% Fib retracement level of the key drop from the $43,495 swing high to $32,950 low. It is now consolidating near the $37,000 level and trading well above the 100 hourly simple moving average.

On the upside, an initial resistance is near the $37,400 level. There is also a key breakout pattern forming with resistance near $37,500 on the hourly chart of the BTC/USD pair.

Source: BTCUSD on TradingView.com

The first major resistance is near the $38,200 zone. It is near the 50% Fib retracement level of the key drop from the $43,495 swing high to $32,950 low. An upside break above the $38,200 resistance could start a steady upward move. The next key resistance is near the $49,200 level, above which the bulls might aim a test of $40,000. Any more gains might send bitcoin towards the $41,200 level.

Fresh Decline in BTC?

If bitcoin fails to start a fresh increase above $38,200, it could start another decline. An immediate support on the downside is near the $36,800 zone.

The first major support is seen near the $36,000 zone and the 100 hourly SMA. A downside break below the $36,000 support zone may perhaps start a fresh decline. The next major support is near $35,400, below which the price could revisit $34,000.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $36,000, followed by $35,400.

Major Resistance Levels – $37,400, $38,000 and $38,200.

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ARK Invest: Why Bitcoin Could Be Worth $1 Million Per Coin By 2030

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ARK Invest: Why Bitcoin Could Be Worth $1 Million Per Coin By 2030

ARK Invest, the brainchild of savvy investor Cathie Wood, has had a rough go over the past few months. The flagship fund ARKK is down nearly 60% from it’s record high last year, however Wood and her team of analysts aren’t stopping their full-focus on innovative and forward-thinking investments – even when fundamental investments are running the show.

This week was host to ARK’s ‘Big Ideas Summit,’ and ARK crypto analyst Yassine Elmandjra supplemented that material with a boisterous bitcoin tweet that will be music to BTC maxi’s ears.

Cathie Wood & ARK Invest: Notorious Bulls

Elmandjra’s tweet, which can be found below, showcases how a single BTC unit could hit $1M in value, with a couple prime assumptions:

Let’s take a look at that graphic specifically to drill down on the assumptions being made here, and why they’re important:

The core key assumption here, of course, is the staggering growth in bitcoin’s market cap over the next 9 years. In this model, the ARK team is projecting growth from a current market cap of $1.1T to a $28.5T market cap. How does this scale? According to an October 2021 report from securities trade group SIFMA, the U.S. equity markets carry a market cap around $50T – making a $28.5T market cap for a global bitcoin market seem not all that unreasonable. Elmandrja’s graphic also states anticipated breakdown of the use case allocated within the market cap, and it’s representative contribution towards the price per BTC.

Related Reading | Bitcoin Recovers From Seven Month Low Of $33K

ARK Invest Why Bitcoin Could Be Worth 1 Million Per

ARKK, the flagship innovation fund behind ARK Invest, has had a difficult year following strong success. Can growth stocks and innovative investments turn around? | Source: NYSE: ARKK on TradingView.com

More From The Research Desk…

Elmandrja and the ARK Invest team continue on to note that even assuming a $28.5T market cap could be more conservative than ambitious. Elmandrja added, “If Bitcoin does hit $1 million, it will still only represent a fraction of global asset values” and also highlighted the notorious ‘diamond hands’ that bitcoin holders often exhibit, stating that “market participants are maturing and remain long term focused. Aggregate cost basis (realized cap) is at all time highs and more than 13.5 million btc are held by long-term holders.”

This, of course, isn’t likely anything groundbreaking to those who have studied the bottom-line extensively. Compared to other relative global markets, a $28.5T bitcoin market cap today would even be trading at multiples less than comparable markets, such as the global real estate market, global bond market, or global equities market.

Elmandrja’s full thread is a worthy read for these reasons and several others that take deep dive into ARK’s optimism around bitcoin (and crypto at large) as an investment vehicle. You can also read their broader Big Ideas 2022 report here.

Related Reading | Bitcoin Whales Take Advantage Of Market Crash To Gobble Up Millions In BTC

Featured image from ark-invest.com, Charts from TradingView.com
The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

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Bitcoin Whales Take Advantage Of Market Crash To Gobble Up Millions In BTC

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Whale eating up BTC

The bitcoin crash rocked the market to its core when the digital asset had lost over 50% of its all-time high value to bottom out at $33,000. It was as a result of market sell-offs across the financial space, sparking a ripple effect that was felt heavily in the crypto market. Market sentiment had crumbled during this time as investors had scrambled to sell their holdings.

However, not everyone saw the declining prices as a signal to sell before prices tank even more. Whales, who control a large portion of the circulating supply, took this as a cue to buy and have been filling their bags with all of the bitcoin being dumped on the market by panicking investors.

Whale Gobbles Up Traded Bitcoin

In a report from CC15Capital, the trading activities of a whale are outlined. In what came out to be a long document, it shows that the whale had been purchasing tens of thousands of bitcoin every few hours while traders dumped their coins. CC15Capital which is an asset allocator tracked the wallet and discovered that a single bitcoin wallet had been purchasing millions of dollars worth of bitcoin.

Related Reading | Market Sentiment Crumbles As Sell-Offs Drags Bitcoin To $33,000

In the event of the past week’s price crash, this single whale had accumulated millions in bitcoin. Each purchase ranged from $2 to $18 million worth of BTC every few hours, averaging 48,000 BTC per purchase.

It looked like the whale was buying up all coins being dumped on the market. By the weekend, the wallet had successfully increased its holdings by a couple of hundred thousand BTC. The more the price dropped, the more bitcoin the whale bought.

BTC trading above $36k | Source: BTCUSD on TradingView.com

CC15Capital, in response, called for bitcoin investors to stop dumping their coins, which are being bought by whales, thereby increasing the concentration of bitcoin supply in the hands of large investors.

Tradable BTC On The Decline

CC15Capital also noted that the volume of bitcoin that is available for sale has gone down. Currently, 14.5 million of the total bitcoin supply is illiquid. This means that this supply has not moved, neither have they been traded. It is the highest concentration of supply which looks to be held for the long-term.

In the same tweet, the asset allocator explains that if the wallets holding this illiquid supply were to increase their holdings by a mere 27%, a total of 4 million BTC, there would be no coins left for sale, driving the supply to zero.

Related Reading | Has Bitcoin Reached Its Bottom? Analyst Says It Still Has A Long Way To Go

Other whales have also taken advantage of the sell-offs happening in the market. As the exchange supply is dwindling, these large investors are making sure there is no shortage on their end when a supply squeeze happens.

In two months, a whale wallet that had zero BTC in November has managed to gather an impressthatalance of over $1 billion in BTC. This account looks to have started buying with the crash and has continued to do so ever since. At the time of writing, the wallet balance sits at $1,013,777,643.51.

Featured image from TokeneoBit, chart from TradingView.com

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