The crypto market has seen a shift in momentum over the past week, with most coins and tokens posting significant losses.
However, several altcoins have been gaining momentum and attracting increased attention from community.
This article explores five top trending cryptocurrencies to keep an eye on this month, thanks to their advertised use cases and growing communities.
1. Meme Kombat (MK)
Another emerging crypto gaining momentum is Meme Kombat (MK), an new meme coin currently in its presale phase.
Meme Kombat’s team wants to build a gaming ecosystem that brings popular meme characters together to battle, with users able to wager on match outcomes.
This could merge the meme coin and crypto gaming sectors into one playful package with a decentralized and transparent design that ensures verifiable results.
On top of the meme battling feature, Meme Kombat also advertises potential staking rewards, which could provide another way for users to earn through the platform.
Meme Kombat has already attracted significant attention, raising over $470,000 through its presale so far.
Moreover, given that the project is led by founder Matt Whiteman, who has extensive experience in the Web3 space, it adds to Meme Kombat’s potential – setting it up as another trending crypto to keep an eye on.
2. Launchpad XYZ (LPX)
Launchpad XYZ (LPX) is an ambitious new platform aiming to be the go-to hub for all things Web3.
The platform promises to offer a wide range of services, from crypto education for beginners to advanced AI-powered trading tools for seasoned investors.
Launchpad XYZ has already raised over $1.8 million in presale funding. LPX tokens are currently on offer for $0.0445.
Holding LPX will be vital for those who wish to access all of Launchpad XYZ’s potential offerings, which include training courses, NFT minting, and an AI assistant called Apollo.
As outlined in Launchpad XYZ’s whitepaper, LPX aims to provide additional incentives, like staking rewards, whitelist opportunities, and partner discounts.
With presale momentum continuing to build and plans for CEX listings once it concludes, Launchpad XYZ is positioning itself as a potential contender in the Web3 space.
3. Loom Network (LOOM)
Loom Network (LOOM) has been gaining increased visibility recently as interest grows around platforms for scaling decentralized applications (dApps).
As an interoperability network optimized for high-performance dApps, Loom Network enables fast transactions, high throughput, and zero gas fees for users.
This makes it an appealing option for developers looking to build smooth and responsive dApps.
Loom Network has been operational since 2018 but has flown under the radar until recently, as Ethereum’s gas fee issues highlight the need for scalable alternatives.
LOOM, Loom's native token, is vital to securing the network via staking and facilitating transactions.
With LOOM currently ranked as one of CoinMarketCap’s ten trending cryptocurrencies, this token is another that investors may wish to add to their watchlists.
4. Arweave (AR)
Lastly, Arweave (AR) has also gained traction recently as interest in decentralized data storage solutions grows.
Arweave operates using “blockweave” technology to optimize the permanent storage of large amounts of data.
The network runs on a unique consensus mechanism called SPorA that incentivizes nodes to store Arweave’s entire transaction history, allowing for indefinite data accessibility.
AR, Arweave’s native token, facilitates transactions on the network since users must pay AR tokens to store and access data.
With its innovative technical design focused on long-term data availability, Arweave stands out in the growing decentralized storage sector.
Additionally, with AR trading volume up 20% in the past day, it indicates heightened interest in the token – setting it up as a trending cryptocurrency that could be set for an intriguing end to 2023.