Trending Cryptocurrency Tokens on Avalanche Chain Today – GMX, Xana, Magic Internet Money

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The
news
of
ETH
ETF
approval
is
currently
making
rounds,
but
the
market
has
witnessed
little
to
no
price
action.
The
BTC
ETF
approval
gave
birth
to
the
current
bull
run.
Likewise,
many
traders
and
investors
have
anticipated
a
similar
trend
for
the
ETH
ETF.
Contrary
to
widespread
expectations,
we’ve
seen
a
consolidation
trend
rather
than
a
rally. 


Despite
the
announcement,
BTC
recorded
a
price
dump
of
over
5%,
and
a
handful
of
coins
switched
to
a
sideways
trend.
The
overall
market
outlook
has
remained
neutral,
even
after
a
significant
SEC
move.
Nevertheless,
The
top
trending
cryptocurrencies
on
the
Avalanche
chain,
for
example,
have
shown
resilience
in
the
face
of
the
consolidating
market.
The
article
reveals
the
detailed
price
action
of
these
tokens. 


Trending
Cryptocurrency
Tokens
on
Avalanche
Chain


Also,
diversification
is
one
of
the
ways
to
bulletproof
a
crypto
investment
portfolio
in
the
heat
of
price
uncertainties
in
the
market.
Hence,
it’s
essential
to
explore
offerings
by
new
crypto
projects,
particularly
quality
presale
offerings.
Below
is
a
summary
of
the
Sealana
presale.
A
few
days
ago,
the
project
started
the
presale
offering
of
its
native
cryptocurrency,
SEAL.
Today’s
post
shares
everything
investors
should
know
about
the
project
and
the
overview
of
its
presale. 


1.
GMX
(GMX)


GMX
is
making
waves
as
a
decentralized
spot
and
perpetual
exchange
that
offers
low
swap
fees
and
zero-price
impact
trades.
This
platform
supports
a
unique
multi-asset
pool,
which
earns
liquidity
providers
fees
from
market
making,
swap
fees,
and
leverage
trading.
Moreover,
the
GMX
token
is
the
platform’s
utility
and
governance
token,
unlocking
various
benefits
for
holders.


GMX
is
currently
priced
at
$30.53
and
has
a
24-hour
trading
volume
of
$45,268,809.92.
Despite
a
1.89%
decline
in
the
last
24
hours,
the
token
has
seen
a
2.00%
increase
over
the
past
seven
days. 

GMX Price Chart

GMX Price Chart


With
a
circulating
supply
of
9.5
million
GMX
tokens,
the
market
cap
stands
at
$289,787,634.
Over
the
past
week,
GMX
has
increased
by
1.90%.
However,
this
growth
is
slightly
below
the
global
cryptocurrency
market,
up
3.60%,
and
similar
Avalanche
ecosystem
cryptocurrencies,
up
5.80%.


Furthermore,
GMX
is
actively
traded
on
39
cryptocurrency
exchanges,
including
major
platforms
like
Binance
and
KuCoin.
In
the
last
24
hours,
$57.73
million
worth
of
GMX
changed
hands,
with
a
recent
trading
volume
of
$45,196,899.
This
represents
a
significant
69.10%
increase
from
the
previous
day,
indicating
a
rise
in
market
activity.


Historically,
GMX
had
its
best
year
in
2022,
when
the
price
increased
by
92.83%,
from
$21.57
to
$41.59.
In
contrast,
the
worst
year
for
GMX
was
2023,
with
a
price
increase
of
32.72%,
from
$41.59
to
$55.20.


Furthermore,
GMX’s
consistent
performance
and
increasing
market
activity
make
it
a
token
to
watch.
With
its
robust
platform
and
unique
benefits
for
liquidity
providers,
GMX
is
positioned
for
continued
growth
in
the
decentralized
finance
space.


2.
Xana
(XETA)


XANA
is
rapidly
gaining
attention
as
a
blockchain
platform
designed
for
the
Metaverse.
As
a
layer
two
solution
on
the
Ethereum
network,
XANA
utilizes
the
Ethereum
Virtual
Machine
(EVM)
for
compatibility
and
flexibility.
This
enhances
scalability
and
efficiency,
making
it
ideal
for
immersive
virtual
environments
where
users
can
create,
experience,
and
monetize
content.


One
of
XANA’s
standout
features
is
its
AI-driven
capabilities,
which
are
crucial
in
fostering
a
Web3
Metaverse.
This
innovation
has
attracted
major
institutions
and
global
brands,
highlighting
the
platform’s
robustness
and
potential
as
a
foundational
technology
for
the
expanding
Metaverse
sector.

XETA Price chart

XETA Price chart


In
addition,
the
XANA
token
(XETA)
plays
a
multifaceted
role
within
its
ecosystem.
It
acts
as
a
medium
of
exchange,
facilitating
transactions
for
services,
goods,
and
access
to
exclusive
digital
spaces.
This
versatility
underscores
its
foundational
role
in
the
economic
dynamics
of
the
Metaverse.


Currently,
XETA
is
priced
at
$0.008463,
with
a
24-hour
trading
volume
of
$1,480,248.58.
Over
the
past
24
hours,
the
price
has
increased
by
6.91%,
and
it
has
seen
a
9.06%
increase
over
the
past
seven
days.
With
a
circulating
supply
of
2.4
billion
XETA,
the
token
has
a
market
cap
of
$20,557,880.


In
the
last
seven
days,
XANA’s
price
has
risen
by
9.70%,
outperforming
the
global
cryptocurrency
market
by
up
3.40%.
However,
it
underperformed
compared
to
similar
Ethereum
Ecosystem
cryptocurrencies,
which
have
increased
by
12.70%.


3.
Magic
Internet
Money
(MIM)


Magic
Internet
Money
(MIM)
is
a
USD-pegged
stablecoin
from
Abracadabra.
Money
is
gaining
traction
in
cryptocurrency.
Abracadabra.
Money
is
a
lending
platform
that
leverages
interest-bearing
tokens
(ibTKNs)
as
collateral
to
borrow
MIM.


As
of
today,
MIM
is
trading
at
$0.978913,
with
a
24-hour
trading
volume
of
$141,408.
The
stablecoin’s
market
cap
stands
at
$89.05
million.
Over
the
past
24
hours,
MIM’s
price
has
increased
by
2.01%.

MIM Price Chart

MIM Price Chart


MIM
reached
its
all-time
high
of
$1.50855
on
May
21,
2024;
its
all-time
low
was
recorded
on
March
10,
2024,
at
$0.74739.
The
lowest
price
since
its
peak
was
$0.902638,
while
the
highest
price
since
this
cycle
low
was
$0.981617.


With
a
circulating
supply
of
90.97
million
MIM,
the
stablecoin
ranks
#25
in
the
Meme
Coins
sector.
Meanwhile,
MIM
trades
above
its
200-day
simple
moving
average,
indicating
a
positive
long-term
trend.
Additionally,
MIM
has
experienced
16
green
days
in
the
last
30
days,
accounting
for
53%
of
this
period,
and
is
trading
near
its
cycle
high.


Magic
Internet
Money
stands
out
for
its
innovative
use
of
collateral
and
its
robust
performance.
MIM
is
a
stablecoin
with
significant
potential,
trading
above
its
200-day
moving
average
and
showing
consistent
growth.
As
more
users
and
institutions
recognize
its
value,
MIM
is
poised
to
strengthen
its
position
in
the
market.


What
Might
Be
The
Next
Top
Trending
Crypto


to
get
the
best
out
of
the
current
market
condition,
investors
have
to
broaden
the
scope
of
their
portfolio.
Funds
moving
across
the
crypto
market
are
doing
so
at
top
speed
as
investors
seek
to
capitalize
on
emerging
opportunities
in
the
market.
One
of
such
opportunities
is
the


SEAL
presale

offering.
The
token
is
the
native
cryptocurrency
of
the
Sealana
meme
coin
project.
The
project
was
launched
to
tap
into
the
community
spirit
of
the
crypto
market. 


At
the
time
of
writing,
Sealana
boasts
thousands
of
followers
on
twitter
and
other
social
media
outlets.
It
also
features
enticing
fundamentals
that
prioritize
the
interests
of
the
community
and
SEAL
holders. 


Even
Though
the
project
is
primarily
in
the
meme
coin
category,
the
bond
in
the
community
fortifies
the
chance
of
mutual
wealth
creation.
The
project
is
built
on
the
Solana
chain,
which
accounts
for
its
name.
It
also
leverages
the
growing
popularity
of
the
Solana
ecosystem,
particularly
its
status
as
the
hub
for
meme
coin
and
new
crypto
projects. 


Investors
still
have
the
chance
to
own
the


SEAL
token

at
a
discounted
price
as
the
token’s
presale
is
still
ongoing.
It
costs
$0.022
to
purchase
the
SEAL
token,
and
there’s
no
limit
to
the
amount
investors
can
hold.
Additionally,
Sealana
provides
staking
opportunities
to
SEAL
holders
even
before
the
listing
date.
With
that,
investors
can
benefit
from
the
presale
offering
while
waiting
for
the
listing
date. 



Visit
Sealana
Presale


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