Gate Today's Popular Token Analysis: SQD, NMD, KTA Lead the Pumping Alts, Fear and Greed Index Currently Reports 73

The altcoin market today (29) is showing a falling trend, with the fear and greed index temporarily reported at 73, indicating that market sentiment remains optimistic. In the battle between bulls and bears, Subsquid (SQD), Nexusmind (NMD), and Keeta (KTA) have performed well in the short term, leading the entire Crypto Assets market.

SQD Subsquid (+53.21%, Circulating Market Cap 159 million USD)

According to Gate.io market data, the current price of SQD token is 0.224 USD, with a 24-hour pump of 53.21%.

Subsquid is a decentralized query engine that currently handles historical on-chain data from over 100 EVM and Substrate networks, as well as data from Solana and Starknet, which are in the testing phase. This data includes detailed information such as event logs, transaction receipts, traces, and status diffs for each transaction from EVM.

It is still developing co-processors that utilize its multi-chain indexing features and RAG functionality, establishing trustless connections between zero-knowledge proof markets and trusted execution environments (TEE) with off-chain data lake resource networks. An incentive testnet was launched on CoinList in September 2023, and the native token SDQ will officially be issued in May 2024, with the data lake certificate launching the mainnet in early June.

The price pump of SQD in the past 24 hours is mainly attributed to its listing on mainstream exchanges, which has increased its market liquidity and trading activity. Financing improvements and enhanced market sentiment may also play a supportive role. In the future, the price trend of SQD will depend on its adoption within the developer community, the listing on more exchanges, and the overall market dynamics.

NMD Nexusmind (+17.27%, circulating market cap 210 million USD)

According to Gate.io market data, the current price of NMD token is 20.51 USD, with a 24-hour pump of 17.27%.

NexusMind is a revolutionary decentralized social software, known as the "Twitter killer." The application is built on the cutting-edge decentralized network Nostr, which provides users with greater control over their social media experience.

With NexusMind, users can enjoy a more secure and private social networking experience that is not controlled by central authorities. Unlike traditional social media platforms, NexusMind allows users to connect with others in a completely decentralized and transparent manner, ensuring that users always have control over their data.

The price pump of NMD in the past 24 hours is mainly attributed to its listing on some crypto asset exchanges, which has increased its market liquidity and trading activity. In the future, the price trend of NMD will depend on its adoption level in the developer community, listings on more exchanges, and overall market dynamics.

KTA Keeta (+8.56%, Circulating Market Cap 49.65 million USD)

According to Gate.io market data, the current price of the KTA token is 1.22 USD, with a 24-hour pump of 8.56%.

Keeta Network is a high-performance Layer-1 blockchain dedicated to providing secure, efficient, and highly interoperable solutions for global payments and asset transfers. Its vision is to become the "common foundation for all asset transfers," supporting not only cross-chain transactions but also emphasizing seamless integration with traditional financial systems.

The original intention of Keeta's design is to address the pain points of traditional payment systems, such as high transaction fees, slow settlement speeds, and lack of compliance support. It aims to achieve fast transaction settlement and asset tokenization through its technological architecture.

The price pump of KTA in the past 24 hours is mainly due to technical breakthroughs, on-chain accumulation, and bullish sentiment in the community. In the future, the price trend of KTA will depend on its level of adoption within the developer community and the overall trend of the altcoin market.