This week’s relatively low gas prices on the Ethereum network offer investors a chance to investigate potentially promising crypto tokens.
With the assistance of AI-powered tools like 0xScope’s Smart Money Holding dashboard, we can identify Ethereum-based meme coins that have recently gained traction among high-performing addresses.
What you'll learn 👉
Identifying Trending Tokens
To discover trending tokens, investors can refer to the Smart Money leaderboards, as shown in the image provided by 0xScope.
In this article, we will focus on the two top-performing tokens on the dashboard: $APU and $ANDY.
$APU: Long-Time Leader with Recent Price Surge
$APU has consistently maintained its position as a leader in the Smart Money Holding dashboard. Over the past week, the token has experienced a significant price increase, rising from $0.00025 to $0.0005, with whales’ average cost sitting at $0.0004.
The token’s popularity is further evidenced by an 11% increase in token holders and a net outflow of $115.5K from centralized exchanges (CEXes). However, it is worth noting that Smart Money addresses have sold 60% of their $APU holdings, suggesting that they are beginning to take profits.
While $APU may continue its upward trajectory, the profit-taking by Smart Money addresses is a factor to consider when assessing the token’s future potential.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +$ANDY: Undervalued Token with Growing Popularity
$ANDY is another mainstay in the Smart Money Holding dashboard, despite its current token price being below the average cost of venture capitalists, Smart Money addresses, and whales. Despite this, the token has seen a remarkable 26% increase in token holders over the past week, indicating growing interest and popularity.
Furthermore, $ANDY has recently been listed on several prominent CEXes, including MEXC, CoinW, and BingX. These listings can potentially drive increased liquidity and exposure for the token, making it an attractive option for investors seeking undervalued opportunities.
Assessing Meme coin Bullishness: Key Factors to Consider
When evaluating the bullishness of a meme coin, it is essential to look beyond recent price movements. Investors should consider a range of factors, such as:
- Token holder increases
- Recent CEX listings
- Token outflows from exchanges
- Smart Money address activity
By analyzing these metrics, investors can gain a more comprehensive understanding of a token’s potential and make informed decisions based on a holistic view of the market.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
