- The trend of AI-based altcoin SingularityNET (AGIX) is linked to Elon Musk’s AI curiosity.
- The price of Pawswap (PAW) skyrocketed over 129% in the last 24h.
The trillion-dollar cryptocurrency market is being bombarded with a mix of events – regulation updates, delistings, new listings, and high price spikes owing to soaring community hype. Remarkably, since the start of 2023, memecoins swayed the crypto sector with its new launches and upcoming updates.
Let us now have a look at the list of top trending cryptocurrencies of the week with soaring social mentions on crypto Twitter.
Pawswap (PAW)
Pawswap (PAW) is the native cryptocurrency of the Shibarium-based cross-decentralized exchange (DEX). The team revealed DEX’s new visual look today and triggered the community’s hype. After its first unveil, PAW exhibited an astounding price surge. In the last 30 days, the newest crypto token skyrocketed 1543%.
Shiba Inu (SHIB)
The second-largest memecoin Shiba Inu holds the crypto community with the long-running anticipation of its layer-2 blockchain Shibarium’s launch. Markedly, the sequential release of the Shibarium blog series by its co-founder Shytoshi Kusama influenced SHIB’s social trend and price movement. Notably, through Binance Pay’s Georgia invasion, SHIB is exposed as a payment option to 600 vendors including Wendy’s. Hence, the memecoin’s off-chain fame is on the rise.
As per CoinMarketCap, at press time, Shiba Inu (SHIB) traded at $0.0000114, exhibiting a 4.58% decline in the last 24 hours.
SingularityNET (AGIX)
Launches of AI chatbots – pioneered by OpenAI’s ChatGPT and followed by Google’s Bard, and Microsoft’s Bing AI – initiated the great AI wave in the sector. Recently, Tesla CEO Elon Musk showed his keen interest in artificial general intelligence (AGI) technology.
This indirectly triggered a price surge in the AGI-integrated token SingularityNET (AGIX). AGIX landed up in the trending cryptos list. Significantly, SingularityNET is an all-inclusive AI services marketplace.
As per CoinMarketCap, at press time, SingularityNET (AGIX) traded at $0.4632, exhibiting a 12.5% decline in the last 24 hours.
Floki Inu (FLOKI)
FLOKI moved above the ranks to become the third-largest memecoin by market capitalization. This memecoin gained its price momentum on account of being listed on prominent crypto exchanges such as KuCoin. Notably, Floki Inu initiated its “world domination plan” via its marketing partnership with the world’s biggest FC, Real Madrid, to boost its global adoption rates.
As per CoinMarketCap, at press time, Floki Inu (FLOKI) traded at $0.00004257, exhibiting a 2.16% surge in the last 24 hours.
STEPN (GMT)
The Web3-focused move-to-earn app STEPN announced its plan to release its native crypto GMT on a daily basis. STEPN’s frequent token unlocks aided the crypto’s fame to grow amid the community. As per CoinMarketCap, at press time, STEPN (GMT) traded at $0.395, exhibiting a 2.79% decline in the last 24 hours.
In conclusion, mostly, memecoins turned out to be the trending chartbusters of this week. Furthermore, other doge-inspired memecoins such as Baby Doge Coin (BABYDOGE) and Dogelon Mars (ELON) are among the trending cryptocurrencies on Twitter. In the brief NFT hype, the trending list featured Bitcoin-led altcoin Stacks (STX) and the NFT marketplace’s native token Blur (BLUR).
