Ethereum remains the home to some of the leading projects in the crypto space. However, the fate of ETH holders hangs in the balance regarding the pending spot ETF approval. Ideally, the approval is expected to usher in a fresh Bitcoin rally. Nevertheless, news making rounds in the crypto community speculates that the 

While the fate of the ETH ETF hangs in the balance, top trending cryptos on the Ethereum chain are pushing the boundaries. The assets that rank high on the chain are posting noteworthy trends. Hence, this article sets out to review the performance of these tokens and offers a quick projection of the future performance of these assets. 

Most Trending Cryptos on Ethereum Chain

Likewise, the post contains summarized market data for Sponge v2. It made the news after an impressive price movement in Q1. Its current trends and the news emanating from the Sponge v2 community show investors have to pay attention to assets as it might soon kick off a fresh rally. Further details are presented below. 

1. Ethena (ENA)

Ethena, a digital dollar platform built on Ethereum, is making waves in the world of cryptocurrency with its innovative approach to banking. It aims to offer a cryptocurrency-based alternative to traditional banking systems. Its goal is to provide a globally accessible dollar-denominated savings tool known as the ‘Internet Bond,’ all without relying on conventional banking infrastructure.

As of today, the price of Ethena stands at $1.421616, with a 24-hour trading volume reaching a staggering $1.24 billion. With a market capitalization of $2.03 billion and a market dominance of 0.08%, ENA sits atop other tokens on the Ethereum chain. Moreover, Ethena’s price has experienced a 4.56% increase in the last 24 hours. This uptrend signals a bullish sentiment among investors.

With high liquidity based on its market capitalization and over 20,000 holders, Ethena is a token of choice for many investors. Trading on reputable exchanges such as Binance and KuCoin, Ethena is accessible to a wide range of traders and investors alike. Its recent trading volume of $1.24 billion underscores its popularity and liquidity in the market.

We are excited to announce our integration with exchange wallets

The integrated wallets are:@Web3WithBinance@Bybit_Official@okxweb3@BitgetWallet

Users locking USDe for at least 7 days through exchange Web3 wallets are eligible for a 20% reward boost starting today pic.twitter.com/kUJOLiKeKM

— Ethena Labs (@ethena_labs) April 10, 2024

As one of the trending tokens on the Ethereum platform, Ethena continues to attract attention from investors and traders seeking exposure to the digital dollar space. With its recent integration of various exchange wallets such as Bybit and OKX, Ethena is poised to solidify further its position as a leading player in the cryptocurrency market.

2. Spectra Chain (SPCT)

SpectraChain is gaining traction in crypto due to its exceptional transaction speed and cost-efficiency, which makes it ideal for high-demand applications. With its high scalability and enterprise readiness, SpectraChain offers a robust platform tailored to meet diverse business needs.

Built upon Bitcoin’s renowned security architecture and enhanced by Proof of Stake consensus, SpectraChain integrates rollup technologies. These technologies provide additional security layers, ensuring the safety of transactions and data. Moreover, its community-driven ethos fosters a culture of continuous improvement, leading to a platform that evolves and strengthens over time.

SPCT tokens, the native currency of SpectraChain, are actively traded on decentralized exchanges. Uniswap V2 (Ethereum) is the most popular exchange for buying and trading SpectraChain. This platform’s SPCT/WETH trading pair boasts a 24-hour trading volume of $3,690,939.

Meanwhile, the price of SpectraChain (SPCT) stands at $0.03235, with a notable 13.52% increase in the last 24 hours. The bullish sentiment within the community is reflected in the growing number of holders, which currently stands at 11.96K.

Embracing #Bitcoin‘s vision, Spectra amplifies the journey towards financial freedom and innovation. Together, we’re navigating uncharted territories. 💸🚀 #SpectraChain #Bitcoin #SPCT #BTC #Halving #Layer2 #Rollups #BRC20 #Staking #SpectraTestnet #DEX https://t.co/ganeHc2CjX

— SpectraChain (@SpectraChain) April 10, 2024

With a market cap of $31.83M, SpectraChain continues to garner attention for its promising potential in the crypto market. Given its robust features and growing community support, SpectraChain is poised to make significant strides in the crypto industry in the days to come.

3. HashAI (HASHAI)

With its AI-driven mining facility, Hash AI emerges as a revolutionary force in the cryptocurrency space. Hash AI sets a new standard for innovation and efficiency in the industry. It does this by integrating AI-optimized mining techniques, sustainability practices, and community engagement,

Led by a team with extensive experience in both Crypto and Web3, Hash AI has established a solid foundation for success. This foundation positions the company as a leader in the crypto-mining sector.

However, leveraging their expertise, the team has established essential infrastructure, forged strategic partnerships, and developed a robust distribution network. It includes procuring mining rig supplies, offering rig hosting and GPU sales, and operating a mining facility with over 500 top GPUs.

At the time of writing, the price of HashAI stands at $0.002321, with a 24-hour trading volume reaching $2.27 million. With a market capitalization of $232.06 million and a market dominance of 0.01%, HashAI maintains a strong presence in the crypto market. Furthermore, the price of HashAI experienced a modest 0.23% increase in the last 24 hours.

In only 7 Days since $HashAI Launched:

✅Reached over 12,000 holders
✅Listed on CMC, CG, CSwap & Poloniex
✅$1 Million Liquidity Injection
✅Over 10% of supply burnt
✅240 Live GPUs Mining

Reaching these milestones so quickly truly has set the stage for an exciting future… pic.twitter.com/VTgY0BwgBQ

— Hash AI (@HashAI_Eth) April 9, 2024

With a circulating supply of 100.00 billion HASHAI tokens out of a maximum supply of 100.00 billion HASHAI, HashAI holds a prominent position in the crypto market. Regarding market capitalization, it ranks #3141 in the Ethereum (ERC20) Tokens sector and #132 in the AI Crypto sector.

Additionally, HashAI boasts over 12,000 holders, indicating strong community backing. With a solid foundation, strategic partnerships, and a dedicated team, Hash AI is poised for continued growth and success in the crypto mining industry.

What Might Be The Next Top Trending Crypto

The crypto market would likely see a reversal in the price of the SPONGE token as the token establishes support at the $0.002 level. Despite the overall price decline in the crypto market, SPONGE has made two attempts to break into the lower range in the past 7 days, and currently, it’s headed towards the support level, as shown by its daily chart. A bounce from the $0.002 level would likely send the price to a fresh weekly high value. 

Did you miss another 100x, anon? 💦$SPONGE #SpongeV2 #Alts #100x pic.twitter.com/6WSh6BcaMT

— $SPONGE (@spongeoneth) April 9, 2024

The bulk of the current gains stems from the growing staking activities in the network and the increasing impact of the P2E initiative. The token is also witnessing growing interest from investors, notably as the market anticipates a fresh round of bull market. Its trading volume posted over 42% increase in the last 24 hours, validating increasing price action. 

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It’s best to get in while the price is relatively low. SPONGE still has a handful of price actions ahead, particularly in the exchange listing. Thus, getting in early also allows investors to take advantage of further price surges. Also, there is anticipation of the return of meme coin season. 

Investors expect a surge in the value of meme coins in the coming week as the crypto community marks Doge Day. Holding SPONGE ahead of the event allows investors to capitalize on the trend. Plus, the robust staking offer will enable investors to stake the Sponge token and earn ROI while they wait for the ultimate price movement.

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• Source: https://insidebitcoins.com/news/most-trending-cryptos-on-ethereum-chain-today-ethena-spectra-chain-hashai