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 $APU may continue its upward trajectory, the profit-taking by Smart Money addresses is a factor to consider when assessing the token’s future potential.
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +$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.
Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.
Get all our future calls by joining our FREE Telegram community.
Check $RECQ Meme Coin
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
