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The past few months have seen Bitcoin surge impressively in the crypto market, breaching the $40,000 mark and holding strong around $44,000. This surge marks a significant year-to-date gain of approximately 170%, highlighting a bullish trend in the crypto world. However, amidst this growth of seeing Bitcoin and other top-trending cryptocurrencies, the industry showcases a diverse culture beyond the controversial debate involving the “no-coiners.”
“No-coiners” refers to a certain faction within the crypto space, existing alongside groups like Bitcoin maximalists and other crypto lovers, each with unique jargon and beliefs. No-coiners abstain from holding any cryptocurrencies and vociferously advise others to follow suit. Their position is influenced by the belief that the crypto space is inherently nonsensical or tainted by criminal associations.
Following the Web3 bubble’s collapse in early 2022, the no-coiners found ample evidence to reinforce their standpoint. Instances such as the downfall of Sam Bankman-Fried’s fraudulent domain and the collapse of numerous blockchain projects driven purely by greed and hype validated their skepticism. Criticizing crypto has sometimes become profitable for certain authors, who have built personal brands around their disdain for the industry.
Paradoxically, the staunchest of the no-coiners bear a striking resemblance to the peculiar crypto enthusiasts they disdain. Spending time vehemently opposing something mirrors certain crypto circles’ fanaticism. Moreover, their perpetual negativity might not make them the ideal company for social gatherings. Nonetheless, amid the array of tribes that constitute the vibrant crypto sphere, no-coiners contribute their share to the multifaceted dynamics of this ecosystem.
Top Trending Crypto Coins on DEXTools
In other news, the global crypto market cap is $1.66 trillion, representing a notable 3.39% surge over the past day. However, the total crypto market volume in the last 24 hours recorded a decline of 13.95%, resting at $64.89 billion. The decentralized finance sector accounts for $8.49 billion, constituting 13.08% of the total market activity. Additionally, stablecoins contribute significantly, totaling $56.93 billion, making up 87.73% of the entire crypto market’s 24-hour volume.
1. Gemini AI (GEMINI)
Google experienced a remarkable 5% share surge following the tech giant’s unveiling of its latest artificial intelligence (AI) model, Gemini. This surge propelled the company’s shares by $6.91, concluding at $136.93. As of the latest update, GOOGL has risen marginally to $137.21. MarketWatch data reveals a striking 55.20% year-to-date (YTD) increase and a notable 47.51% surge over the past year in Google’s stock.
Price is what you pay. Value is what you get.#GeminiAI pic.twitter.com/JEc3zYD4Lw
— Gemini Project (@GeminiAIProject) December 9, 2023
The new product launch inspired the creation of an ERC-20 to get the crypto market on the building wave and see it become a top-trending coin soon. The Gemini AI (GEMINI) token has risen by over 200% in the last 24 hours as investors and traders flock to it.
GEMINI’s acceptance in the market was swift, as there are now over 2000 holders. Its market cap has also soared over $2 million while securing $2.28 million in 24-hour trading volume.
The unveiling of Gemini marks Google’s assertive return to the AI domain, assuaging concerns among observers regarding the company’s plans for this technology. Analysts from Bank of America anticipate that Google’s Gemini could significantly bolster the company’s stock trajectory in the coming year.
Amid this surge, a competitive battle has emerged between OpenAI and Google, as the ChatGPT creator aims to recruit talent from Google’s AI division. Reports suggest that OpenAI is enticing Google’s researchers with compensation packages reaching up to $10 million, primarily in stock offerings. OpenAI’s alleged plans to sell existing employees’ shares, valued between $80 billion and $90 billion, could benefit researchers who transition before this sale.
OpenAI’s CEO, Sam Altman, is reported to have extended offers to AI researchers at Google, intensifying the competition for top talent in the AI landscape. Furthermore, OpenAI has publicly posted a job opening for a research engineer, offering an annual salary ranging from $245,000 to $450,000. This strategic move signifies OpenAI’s aggressive pursuit to expand its talent pool amidst the evolving AI race.
2. LiquidLayer Token (LILA)
The next candidate for the top-trending cryptocurrency spot is the LiquidLayer (LILA) token. This asset has been in the spotlight and keeps trending on DEXTools. It shows an extraordinary price surge, hitting $1.29 with a 24-hour trading volume reaching $987,780.51. This surge shows that the token has risen by 69.69% in the past day and a steady 9.34% increase over the preceding week. The circulating supply of 6.8 million LILA tokens places LiquidLayer’s market cap at $8.81 million.
LILA tokens are available for trading on both decentralized and centralized crypto exchanges. Uniswap V2 (Ethereum) is the preferred platform for buying and trading LiquidLayer, boasting a highly active trading pair, LILA/WETH, with a 24-hour trading volume of $927,592.
LiquidLayer reached its all-time high price of $1.95 on Nov 26, 2023, marking a 13-day interval. Presently, the price stands at 33.18% below this peak value. Conversely, the all-time low for LiquidLayer occurred at $0.03444199 on Oct 28, 2023, approximately a month ago. This places the current price at a striking 3,685.83% higher than its lowest point.
Over the last 7 days, LiquidLayer (LILA) has showcased a 10.00% price increase, slightly trailing the overall growth of 11.10% in the global cryptocurrency market. Furthermore, it lags behind similar Ethereum Ecosystem cryptocurrencies, which have surged by 12.70%.
3. Bonk (BONK)
One of the latest wonders of the crypto market is the Bonk Inu (BONK) memecoin, and it is racing to become the top-trending cryptocurrency despite its novelty. It has continued to garner substantial traction among investors since it was launched. Notably, BONK experienced a notable surge of 38.68%, reaching a trading price of $0.0000113 and a staggering 115.88% surge in its 24-hour trading volume, reaching $201.77 million.
The Solana-based memecoin, Bonk Inu (BONK), has propelled itself to an unprecedented all-time high today (December 8), boasting a remarkable 35% surge over the past 24 hours, according to CoinGecko’s data. This surge has elevated its market capitalization beyond $750 million, positioning BONK as the 81st largest asset in the cryptocurrency sector.
BONK’s meteoric rise commenced last month, witnessing an astonishing surge of over 1,000% in the last 30 days. Its ascent mirrors the hype surrounding the memecoin landscape, reminiscent of the surges seen in renowned tokens like Dogecoin (DOGE) and Shiba Inu (SHIB), surging by 15% and 20% every week.
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— Bonk! (@bonk_inu) December 9, 2023
An intriguing aspect to note revolves around the airdrop value Solana Saga phone users receive upon purchase. Users received a complimentary $10 worth of BONK during this event, and insights into its current valuation can be found in our recent report, highlighting the ongoing intrigue surrounding this rapidly growing memecoin phenomenon.
What Might Be The Next Top Trending Crypto?
The trending Wall Street Memes (WSM) memecoin is also witnessing increased investor demand. It is more than an ordinary memecoin with its fully operational online casino offering slots, table games, and the exclusive Bull Run Smash game.
Within a month of its launch, the Wall Street Memes Casino has attracted an impressive player base of over 18,100 individuals, amassing a substantial revenue of $1.5 million.
To fortify the value of WSM, Wall Street Memes Casino has committed to daily buybacks of WSM tokens worth a minimum of $100,000 for the next three days, supplementing the $1.7 million in tokens already repurchased. These repurchased tokens are earmarked for upcoming airdrop initiatives, reward schemes, and growth-focused endeavors.
Complementing the buyback strategy, Wall Street Memes Casino offers token holders exclusive rewards and bonuses within its engaging loyalty program, contributing to the positive impact observed on the WSM token, which has surged 7% in the past week.
Ryan Cohen thinks he’s Warren Buffet pic.twitter.com/NA3BwIQIsD
— Wall Street Memes (@wallstmemes) December 8, 2023
Moreover, WSM holders can stake their tokens, yielding up to 43% annually, with over 467 million tokens already locked up in this staking process.
As demand for meme coins surges and ambitious token buyback strategies unfold, traders are eyeing WSM as a potential candidate for explosive growth and a top-trending coin before the year closes.
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