Most popular cryptos on the Ethereum Chain today – Arky, Pepe, Kendu Inu

Ethereum and Bitcoin remain the dominant blockchains in the crypto ecosystem, with a combined dominance of almost 70%. However, due to rising gas prices and associated costs, developers are exploring other options. Despite the project’s departure from the Ethereum network, it remains the platform of choice for many crypto projects.

The most popular assets in the Ethereum network saw a significant price increase today. At the top of today’s list are Arky, Pepe and Kendu Inu. This article shares insights into the price action of these tokens and projects their future performance based on current trends.

Most Popular Cryptos on the Ethereum Chain Today

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1. Arky (ARKY)

The ARKY community is inspired by the dog of popular cryptographer Hal Finney. He is believed to be the potential inventor of Bitcoin and Blockchain technology. However, there is no concrete evidence to support the claim. ARKY gained popularity due to the name of the computer scientist and his dog ARKY. At the time of writing, the project has a market cap of over $2 million and a trading volume of $1.2 million.

The project’s growing popularity has brought its holders to 1.84k, according to the DEXTools data page. Etherscan also reports that ARKY has seen an approximately 1% increase in holders today. In addition to the growing user base, the project has completed more than 32,000 transactions, confirming active use cases of the platform.

Although ARKY has received a consistent influx of users, the token’s price has recently dropped marginally. However, the project’s overall prospects remain attractive, and degen investors should keep an eye on the project’s trends.

Moreover, the project’s growing followers and engagement on social media also show that it can achieve better performance in the future. With just a few days on the market, ARKY’s potential has yet to be fully realized, and investors can keep an eye on the project’s unfolding market performance and price action.

2. Pepe (PEPE)

Pepe remains one of the best performing meme crypto coins on the Ethereum chain and the entire crypto market. The project that started as a fun project has grown into a multi-billion dollar startup, outperforming Bitcoin with its profit potential. Today, the token is on DEXTool’s top gainers list after posting a price increase of over 5%.

Pepe’s price action is quite fascinating today, especially since it is countering Bitcoin’s falling price. Meme culture aside, Pepe’s trending status also stems from the recent endorsement of his Perpetual on Bybit. Since the announcement last month, Pepe’s price has remained well ahead of the overall crypto market performance.

may the 4th be with you $PEPE ⚡️🐸 pic.twitter.com/vI3bFRvsZ9

— Pepe (@pepecoineth) May 4, 2024

Meanwhile, there are speculations that memecoins will largely dominate the future price action in the market. This expectation is clearly visible in the graph structure of most memecoins. Another notable memecoin trend is the increasing trading volume in the category.

Market data shows that Pepe had a trading volume increase of over 40% today, coinciding with a rise in the token’s price. This trend indicates that investor interest in the asset is increasing, and has also earned a place in the coin market as one of the cryptocurrencies that would survive the bearish trends. It recently emerged from the accumulation phase, with double-digit gains over the past seven days. Degen investors should keep trends on their watchlist as market trends show it has the potential to consistently appear on DEXTools’ trend list for the remainder of the market cycle.

3. Kendu Inu (KENDU)

Even though Kendu Inu is a new memecoin project, it has built a reputation among investors, and the name is now often mentioned alongside established projects like the popular Shiba Inu and Dogecoin. The Kendu Inu has a canine mascot and has a community of over 2,900 keepers.

Despite being a memecoin project, Kendu Inu promotes a different narrative within the Ethereum network. It favors Japanese folklore, which positions the Kendu Inu mascot as the hero who unites the Japanese dog breeds, keeps the peace and preserves the unity of the empire. In addition to focusing on community prosperity, it offers investors long-term investment opportunities.

Kendu’s potential is evident from recent market data. Today the project posted gains of over 93% and a trading volume pump of over 20%. Growing investor interest in the project makes it one of the most important assets in the market to watch.

The time has come. $KENDU officially takes over.

COPE INCOMING. pic.twitter.com/TB0UoXQgdo

— Kendu Inu (@KenduInu) May 6, 2024

Furthermore, Kendu’s deflationary characteristics reduce the circulating supply of tokens. With that, token holders should expect higher demand versus supply, which also indicates that the project has the potential to maintain its rising value in the coming months.

Overall, Kendu’s performance has been upbeat lately. Nevertheless, the RSI trend shows that inventors can expect a pullback soon. With that, it is best to implement trading strategies that allow investors to take advantage of the temporary pullback and further price action.

What could be the next top trending crypto

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Although the 99Bitcoins platform has been around for several years, the move towards tokenizing the learning experience for students is quite new. With the new 99BTC tokens, the platform offers investors prosperity opportunities and encourages them to increase their knowledge of the crypto industry.

Furthermore, 99Bitcoin offers exclusive access to trading signals and investment education for newbies and experienced traders. With this, traders can improve their profit rate and knowledge. Investors can find detailed information about the project, the pre-sale offer and associated benefits on the 99Bitcoins pre-sale page. The Twitter handle also offers more information about the project.

Visit 99Bitcoins Presale

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