The global cryptocurrency market has surged, reaching a cap of $1.62 trillion, marking a significant 4.12% increase within the last day. Concurrently, the 24-hour total crypto market volume rose by 21.24%, amounting to $63.87 billion. Notably, decentralized finance contributes $7.2 billion, constituting 11.27% of the total crypto market volume, while stablecoins contribute $56.93 billion, accounting for 89.13% of the 24-hour volume.

In parallel news, the Fairshake political action committee (PAC) has announced substantial financial backing for candidates supportive of American crypto and blockchain innovation in the upcoming 2024 elections. Notable contributions totaling $78 million have been secured from industry leaders and firms, including Coinbase CEO Brian Armstrong, the Winklevoss twins, Circle, Coinbase, Kraken, Messari, and Andreessen Horowitz (a16z). The aim is to support candidates advocating responsible crypto regulation and fostering innovation within the industry.

Top Trending Crypto Coins on DEXTools

This initiative aligns with Ripple CEO Brad Garlinghouse’s recent vocalization against regulatory overreach in the United States. Garlinghouse expressed Ripple’s intent, alongside other industry leaders, to actively support “pro-crypto” candidates during the 2024 United States election season. The collective effort emphasizes a united front among industry stakeholders to shape a regulatory landscape conducive to crypto and blockchain innovation.

1. Beam (BEAM)

Today, the price of Beam (BEAM) currently stands at $0.01986228, witnessing a substantial 13.92% surge in the last 24 hours. This price movement also reflects a 0.30% increase over the past seven days. The surge positions Beam with a market cap of $947.49 million, propelled by a 24-hour trading volume reaching $54.01 million. It is further supported by its circulating supply of 48 billion BEAM tokens as it becomes the most trending coin in the market.

Beam’s recent momentum finds strong footing within the burgeoning domain of cryptocurrency adoption, particularly within the gaming sector. This surge owes itself to the robust technological infrastructure and active community engagement defining Beam’s presence. Notably, the Beam SDK stands out as a hallmark feature, offering game creators seamless integration capabilities for elements such as NFTs and token economies into their gaming platforms.

BEAM tokens are actively traded on several centralized cryptocurrency exchanges, with Binance emerging as the most prominent platform for buying and trading Beam. The BEAM/USDT trading pair on Binance alone witnessed a substantial trading volume of $30.50 million within the last 24 hours. Other platforms, such as Bitget and Bybit, also provide popular alternatives for trading BEAM tokens.

The sentiment within the Beam community is notably optimistic, with over 87% of users expressing positivity towards Beam (BEAM) today. This sentiment aligns with the current surge, reflecting a bullish outlook among community members as Beam continues to carve its path within the cryptocurrency space.

2. Dinger Token (DINGER)

Another top-trending cryptocurrency that catches investors’ attention today is the Dinger Token. It is a meme-inspired cryptocurrency native to the Schrodinger platform, and it has surged exponentially, showcasing an outstanding 1,712.41% increase in the past seven days. Within the last 24 hours alone, the token’s price soared by an impressive 108.32%, experiencing an additional 5.62% surge in just the past hour. Currently valued at $0.000012 per DINGER, the token remains 40.33% below its all-time high of $0.000020.

The Schrodinger platform, characterized by its meme token Dinger, operates as a community-driven initiative aiming to provide benefits to cryptocurrency traders. Key to its operation is the imposition of an 8 percent tax on each transaction, strategically divided to foster the project’s growth and incentivize token holders. From this tax, 3.5 percent is allocated to marketing endeavors, while an additional 3.5 percent is directed toward furthering the platform’s development in alignment with the project’s ambitious roadmap.

Moreover, 1 percent of the tax is redistributed to token holders, enhancing the community’s engagement and fostering a shared benefit for those holding Dinger Token. This distinctive tax mechanism forms a crucial part of the platform’s economic model, facilitating ongoing development and incentivizing stakeholders.

It’s cliche, but this cat has been building during the bear market.
📦🐈‍⬛🫶 pic.twitter.com/RM9sFTkfrk

— Schrödinger – $DINGER (@dingertoken) December 19, 2023

Dinger Token’s staggering price surge, witnessing phenomenal growth rates within a short period, underscores the enthusiasm and interest among investors and enthusiasts. As Dinger Token continues to gain traction within the cryptocurrency space, its remarkable growth trajectory positions it as an asset of substantial interest within the evolving landscape of meme-inspired cryptocurrencies.

3. TOPIA (TOPIA)

TOPIA Token stands as the cornerstone of value exchanges within the comprehensive TOPIA platform, ensuring secure and seamless transactions across its network. Notably, it plays a pivotal role in TOPIA Chain network operations by facilitating fee transactions, fostering network efficiency, and upholding network integrity. Furthermore, the TOPIA Token boasts functionalities such as staking options, rewards, and governance mechanisms, all instrumental in maintaining the smooth functioning and evolution of the TOPIA ecosystem.

As of today, the live price of TOPIA stands at $0.072055, supported by a robust 24-hour trading volume of $1.19 million. The price of TOPIA to USD is continually updated in real time. Over the past 24 hours, the token has observed a notable uptrend, recording a 2.94% increase in its valuation, becoming a top-trending cryptocurrency.

We are in the process of restructuring on chain control of uncirculated $TOPIA token.

We wanted to give an update to our community so as not to cause a sudden shock. In the next few days, we’ll begin the following.

1. The remaining world staking rewards $TOPIA supply will be…

— HYTOPIA (@HYTOPIAgg) December 6, 2023

The significance of TOPIA Token within the TOPIA ecosystem resonates through its multifaceted utility, ensuring stability, facilitating network functions, and enabling governance mechanisms. This surge in price and trading volume underscores the growing interest and confidence within the cryptocurrency community towards the functionality and potential of TOPIA tokens within the evolving TOPIA ecosystem.

What Might Be The Next Top Trending Crypto?

Amidst Bitcoin’s pervasive dominance in the crypto realm, Bitcoin Minetrix (BTCMTX) also continues to be a dominant project. It offers a novel pathway to earn BTC through innovative staking methods.

Just 3 days remaining for #BitcoinMinetrix Stage 14! ⏳

What are your forecasts for the future of the entire #Crypto world? pic.twitter.com/OuTB2Rb2pF

— Bitcoinminetrix (@bitcoinminetrix) December 19, 2023

BTCMTX introduces a groundbreaking system allowing users to stake BTCMTX tokens on Ethereum, enabling the acquisition of cloud mining power for Bitcoin without the need for costly hardware or intricate mining contracts. This inventive approach aims to address critical hurdles that traditionally impede access to mining, notably mitigating transparency issues prevalent within the cloud mining sector.

One of the standout features of this protocol is the opportunity for users to garner impressive returns, with potential yields reaching up to 111% Annual Percentage Yield (APY) through the staking mechanism, establishing a dual stream for earning cryptocurrencies within the Bitcoin Minetrix ecosystem.

Despite being in the pre-launch phase, Bitcoin Minetrix has gained substantial traction during its trending presale, securing over $5.5 million in early funding. The ongoing presale aims to reach a soft cap of $15 million, presenting an opportunity for prospective investors to engage before the project’s official launch.

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Following the presale, strategic initiatives are planned to enhance liquidity through exchange listings, alongside the development of a dedicated mobile application and partnerships geared towards expanding the mining capacity within the ecosystem.

Bitcoin Minetrix’s disruptive approach not only innovates within the realm of BTC acquisition but also addresses critical challenges prevalent in the mining space, promising a user-friendly, transparent, and potentially lucrative avenue for individuals seeking to participate in Bitcoin mining without the traditional barriers. Investors and enthusiasts alike eagerly anticipate the project’s unfolding trajectory as it gears up for its official launch.

Visit Bitcoin Minetrix.

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• Source: https://insidebitcoins.com/news/top-trending-crypto-coins-on-dextools-beam-dinger-token-topia