Phoenix published a report on the top searched tokens on CoinGecko, like $PEPE, $DOGE, $SXP, and trendy projects like $PNUT and $FRED. The cryptocurrency market remains active, and the new edition of 'Top Trending Searches' on CoinGecko includes some of the industry's most popular and trending tokens.
Trending Giants: $SXP, $OM, and $ELON
The three most viewed projects on CoinGecko are Solar Network ($SXP), MANTRA ($OM), and Dogelon Mars ($ELON). Solar Network ($SXP) has a market cap of $219.9 million with a 19.2% weekly price hike, emphasizing its focus on decentralized payments with an average daily trading volume of $45.3 million. MANTRA ($OM) is in second place with nearly $2 billion market capitalization and a staggering weekly price increase of 60.5%, maintaining an active presence in the DeFi market with a trading volume of $829.6 million. In third place is Dogelon Mars ($ELON) with a market cap of $126.4 million and a weekly rise of 41.2%, attracting speculative traders due to its low price of $0.022 per token.
Meme Coins on the Rise: $PNUT, $KOMA, and $PEPE
Meme coins remain popular among top search terms on CoinGecko, occupying the 4th, 5th, and 6th places. In fourth place is $PNUT with a 2040.1% weekly price growth, a market capitalization of $1.8 billion, and a trading volume of $3.8 billion, gaining prominence through social media. Koma Inu ($KOMA) stands in the 5th place with a $50.3 million market cap and a 928.2% price increase, having a trading volume of $1.6 million, and is relatively cheap at $0.050 per token, attracting retail investors. In 6th place, Pepe ($PEPE) boasts a market cap of $9.1 billion, gaining 95.1% weekly, with a trading volume of $9.1 billion, showing its dominance within the meme token space.
Speculative Breakouts: $FRED, $GOAT, and $SLERF
Due to high volatility, many speculative tokens occupy the 7th, 8th, and 10th positions. $GOAT is in seventh place with a market cap of $1.1 billion and a weekly increase of 49.1%. The trading volume of $628 million and its presence on decentralized exchanges such as Bitget suggest budding demand for these coins. Slerf ($SLERF) ranks eighth, with a market capitalization of $212.6 million and a 131.6% weekly price change. It has been popular among investors, reaching a 24-hour trading volume of $2.5 billion. In 10th place, First Conv. RACCON ($FRED) shows a weekly movement of 5,702%, making it the most explosive token, with a market cap of $200.7 million and trading volume of $103.7 million, supported by viral trends.
Legacy tokens like Dogecoin ($DOGE) still hold significant influence in the crypto industry. DOGE holds the 9th position, with a market cap of $280.5 million and a weekly price increase of 34.1%, fueled by a dedicated fan base and commanding a daily trading volume of $35.8 million. These market developments reflect the ever-evolving nature of the cryptocurrency market, each shift presenting unique opportunities and threats.
