Trending Coins on GeckoTerminal – Principals Network, Magic Eden, AI Rig Complex

Cardano (ADA) appears to follow a pattern similar to its 2020 trends, sparking discussions about potential bullish price targets ranging from $4 to $6. Although ADA has faced recent challenges, its historical behavior and technical indicators point to the possibility of a rebound.

ADA is priced at 0.9555, representing a sharp 14.7% drop over the past 24 hours. This decline has been accompanied by a significant increase in market activity, with trading volume surging by 104.94%. This suggests heightened investor participation during the sell-off. Meanwhile, other tokens are printing gains. This article curates the most trending coins on GeckoTerminal.

Trending Coins on GeckoTerminal

Principals Network (PNET) is priced at 0.01713, experiencing notable price fluctuations in the last 24 hours. Magic Eden (ME) is trading at 5.1195, reflecting a sharp decline of 37.77% over the same period. AI Rig Complex (ARC) has surged to 0.04233, marking an impressive 49,107% increase in price in the past 24 hours. 

GRIFFAIN is trading at 0.1590, showing a modest drop of 0.72% recently. Flockerz ($FLOCK) is gaining momentum in the market, with its presale having raised over $5.6 million. Meanwhile, Bitcoin retreats from its all-time highs, trading around 96,000.

1. Principals Network (PNET)

Principals Network (PNET), currently trading at 0.01713, has shown significant price volatility over the past 24 hours. Its value has surged by an impressive 1,003% during this period. Over the past six hours, it has gained 171.66%, reflecting strong short-term upward momentum.

The token has recorded a 24-hour trading volume of 35.61 million, totaling 77,806 transactions. These transactions are almost evenly split between 40,963 buy orders and 36,843 sell orders. This balanced activity suggests healthy trading interest and sufficient liquidity within the market.

The token has 7,960 holders, which demonstrates a growing base of participants. However, only one day after its launch, PNET remained a new token. This early-stage status likely explains the high trading activity and significant price volatility as early adopters enter the market.

2. Magic Eden (ME)

Magic Eden (ME) is trading at 5.1195 and has seen a sharp 37.77% drop in price over the past 24 hours. Shorter-term performance reveals mixed trends. It recorded a minor gain of 0.46% in the last five minutes but faced a 0.57% decline in the past hour and a more substantial 8.73% decrease over six hours.

The token has experienced significant market activity, with a trading volume of 151.21 million and 77,865 transactions in the past day. Sell transactions, totaling 46,619, have outnumbered buy transactions, which stand at 31,246. This indicates notable selling pressure during the trading period.

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The price has shown significant volatility, with steep drops and occasional recoveries evident on the chart. ME’s price movements are marked by sharp fluctuations, possibly driven by speculative activity or changing market sentiment. The high trading volume reflects active interest in the token. However, the dominance of sell orders compared to buy orders could signal bearish market sentiment. In addition, the rapid price changes over short timeframes underscore the risks for traders seeking more stability.

3. AI Rig Complex (arc)

AI Rig Complex (ARC) is trading at 0.04233, reflecting an extraordinary 49,107% price increase over the past 24 hours. The token has recorded a 24-hour trading volume of 101.49 million, highlighting significant market activity. Liquidity is reported at 1.21 million, which is relatively healthy for a newly launched asset.

The total number of transactions is 132,642, with buy orders totaling 68,020 and sell orders at 64,622. This near-equal split suggests a balanced trading environment with healthy demand and supply dynamics. In the short term, ARC’s performance has been mixed. Over the last five minutes, the price has declined by 0.38%. However, it increased by 4.67% in the past hour and 5.8% over the last six hours.

Looking at the broader 24-hour picture, ARC has achieved a remarkable gain of 49,107%. This massive surge points to either a speculative pump or significant market movement. However, the high volatility observed on its price chart, with frequent spikes and corrections, is typical of early-stage assets or speculative trading. 

4. Test Griffain.com (GRIFFAIN)

GRIFFAIN is currently trading at 0.1590, reflecting a slight decline of 0.72% over the recent period. The price during this session ranged between a high of 0.1619 and a low of 0.1541, indicating moderate intraday volatility.

The trend shows mixed movements, with earlier bullish momentum giving way to a gradual decline. Recent activity suggests increasing selling pressure, though the overall direction remains unclear. Trading volume stands at 215,197, signaling consistent market activity. Spikes in volume coincide with price swings, reflecting heightened interest from traders during volatile moments.

Support levels are near 0.1500, as the price has tested these lower thresholds without breaking significantly lower. Resistance is observed around 0.1700, where previous upward attempts failed to sustain momentum.

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Over the past 24 hours, GRIFFAIN has declined by 0.98%. Short-term fluctuations show mixed results, with gains of 3.45% over 5 minutes, 6.49% over one hour, and a decline of 1.13% over six hours. Liquidity is reported at 3.67M, ensuring adequate depth for trading, while the daily transaction volume reached 37.24M across 33,387 trades.

Overall, GRIFFAIN demonstrates steady trading activity and balanced market sentiment. Its substantial liquidity and recent adoption reflect potential, though the short-term decline signals some selling pressure. Speculative traders may need to exercise caution in the near term.

5. Flockerz ($FLOCK)

Flockerz ($FLOCK) is gaining traction in the crypto market, with its presale raising over $5.6 million. Investors are drawn to its unique vote-to-earn (V2E) governance model. This approach seeks to address common issues in the crypto space, such as pump-and-dump schemes and insider manipulation. Flockerz aims to create a more transparent and community-driven ecosystem by allowing token holders to vote on key decisions.

The V2E mechanism shifts decision-making power to the community. This reduces reliance on centralized teams or insiders, who often dominate token ownership and governance. Through its decentralized autonomous organization (DAO), Flocktopia, participants can vote on project matters and earn cryptocurrency as rewards. This incentivizes active involvement and promotes accountability.

The project has gained momentum during heightened interest in meme coins. Recent controversies, like the Hawk Tuah ($HAWK) incident, have highlighted the risks of poorly governed projects. After an initial surge to a $490 million market cap, $HAWK lost over 90% of its value in hours. This has led to legal action and increased scrutiny from investors.

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Currently, $FLOCK tokens are priced at $0.0063247 in the presale. The price will likely rise as the campaign advances to its next stage. Meanwhile, Coinsult and SolidProof have audited the smart contract to ensure transparency and security. Flockerz’s innovative governance model may set a standard for meme coins, potentially reshaping how they operate in the coming years.

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