The crypto space is hot and five popular tokens, Solana, DeXe, Biswap, BULLA, and $TRUMP, are the talk of the town for various reasons. There's institutional demand to meme-driven hype, each one presents something special. Whether you're interested in DeFi, trading, or community coins, these tokens should be on your radar this week.
$Trump token is trending in the market. Official Trump is currently trading at $8.92. The trading volume has also decreased by 11%. The ongoing speculation that TikTok bought $300 million $Trump tokens has been discarded by the TikTok, it might have triggered profit taking from the traders, the volume fell after this announcement, showcases speculative activity. Another big event was, as reported by the Lookonchain on Twitter update, huge wallets disbursing Trump tokens after the news about the Coin Act, it has raised questions about the involvement of the president in the crypto ventures.
The politically-themed token known as $TRUMP is the one that rides the waves of speculation, hype, and headlines on the Donald Trump crypto involvement.
Benefits
With political events or rumours the trading volume leaps.
Pre-programmed meme value attracts fans and interested investors.
Refers to political bets in crypto.
This coin has experienced a 55% surge in the price in just 1 day. The potential reason could be the delisting announcement by Binance. Extreme volume surge of almost 1538% also demonstrates a high degree of speculative interest. It is currently trading at $0.0336. Binance announced it will delist BSW (Biswap) from its spot trading platform on July 4. This resulted in currency falling by 15% initially. Yet, short-term traders took it as an opportunity to purchase, as the token appeared oversold, the RSI (14) was at 35.08. They purchased it, which pushed BSW by 28.6% higher in a rapid rally.
Although spot trading is being eliminated, BSW isn't completely going away. Binance Futures will continue to offer BSW contracts, so they can still access it via derivatives, maintaining some liquidity in the market.
Biswap allows low-cost trading, is a decentralized exchange on Binance Smart Chain, and has numerous functions, such as farming, NFTs, and swaps.
Benefits
Revenues 0.1% fees, one of the lowest on BSC.
Has a referral system and large 10M partner program.
It is planned to lend, support cross-chain, additional tools.
Solana is another trending token in the market. Although it has experienced a decrease of 1.56% within a single day. News related to the ETFs are trending in the industry. The s-1 filing by Invesco and Galaxy to the SEC for Solana ETF namely QSOL, made it to the headlines today. As Solana ETFs are showing strong odds of getting approval, depicting high institutional interest.
With that ETF filing for Pengu has also influenced the conversations about utility of Solana yet the direct sol demand is not directly impacted.
The update about Solana network improving its reliability by incorporating QUIC integration. The coin is currently priced at $143, with a decrease of 1.70% in a day. Technical breakdown, depicts Price below key moving averages with bearish MACD. It might get an upward trend after some time, so investors can watch out for this investment in the long term.
Solana is a highly-efficient blockchain designed to support small users, and large enterprises because it provides low transactions fees, and fast transaction times.
Benefits
There is a special proof-of-history system used that makes processing time faster.
Perfect with apps that require pretty fast, low-cost, and seamless transactions.
Scalable and therefore popular amongst developers, traders and investors.
DeXe has experienced a 5.5% price rise in the past 24 hours, largely fueled by its recent listing on INDODAX, Indonesia's largest crypto exchange. The listing, which became available on June 19 at 2 PM local time, exposed DeXe to more than 7.5 million users and further amplified its visibility in Southeast Asia's expanding crypto market.
The trading volume of the coin reached $46 million, down from the previous day but considerably higher than its 30-day average, indicating renewed enthusiasm. Technically, DeXe rebounded off the $8.50 support level due to supportive buying from large holders. Nevertheless, despite this steam, overall market volatility is limiting its complete upside potential.
DeXe is a platform to help create and manage DAOs, and lets people exert power by voting and influence project direction.
Benefits
Have the token holders make important decisions on the project.
Concentrates on equity, incentives and community activities orientation.
Its ecosystem is enhanced by such strong partners as SwissBorg.
BULLA rose by 25% over the last 24 hours, supported by a combination of exchange-led events and technical rebound indicators. The biggest uplift was from the Binance Alpha trading competition, June 22 to July 6, which will reward users with 11.7 million BULLA tokens. As purchases alone contribute to rankings, it's driven up buying pressure. In addition to this, Hotcoin has introduced BULLAUSDT futures with 50x leverage recently. The RSI was at 32.6 on June 25, indicating BULLA was oversold and in need of a rebound. Momentum is high but resistance points and meme-token volatility are risks.
BULLA is a meme token that is influenced by Hasbulla with the combining of viral entertainment, combined with a serious energy of a bull market in the Web3 world.
Benefits
Obtained popular quick trading competitions and listing in the exchanges.
Social buzz and blogging buying are on the ascent because of strong meme community.
There is large action with up to 50x leverage in futures trading.
From heavy-duty tech such as Solana and DeXe to hype-fueled plays such as $TRUMP and BULLA, these popular tokens demonstrate the diversity of today's crypto landscape. Whether you're in it for the long haul or the short gains, knowing what drives each project can assist you in making better, well-timed investment choices.
Muskan Sharma is a crypto journalist with 2 years of experience in industry research, finance analysis, and content creation. Skilled in crafting insightful blogs, news articles, and SEO-optimized content. Passionate about delivering accurate, engaging, and timely insights into the evolving crypto landscape. As a crypto journalist at Coin Gabbar, I research and analyze market trends, write news articles, create SEO-optimized content, and deliver accurate, engaging insights on cryptocurrency developments, regulations, and emerging technologies.