Crypto News: Top 7 Trending Cryptocurrencies For The Day

After days of sluggishness following the FTX failure and China’s crisis because of Covid 19, the crypto market has taken a good leap today. Let’s have a look at the trending crypto for today in the cryptoverse.

1. Dogecoin (DOGE) is up by 8.93%

Dogecoin is a number 1 trending crypto as of today, has taken a massive jump of 8.93% in the last 24 hours and is trading at 0.103 USD. The market cap is at 136.50 billion USD, an increase of 8.75% from the previous day.

Launched in 2013, Dogecoin is considered an Altcoin. It uses the logo of a Japanese breed dog, Shiba Inu. The crypto is a peer-to-peer, open-source cryptocurrency. Dogecoin has an unlimited supply and the transaction fee is very cheap.

Source: coinmarketcap

2. Pancake Swap (CAKE) is up by 2.63%

Pancake Swap is on the second number in the list of trending crypto. It is a decentralized platform built on the BNB chain. It shares similarities with crypto tokens like UniSwap. Users can swap coins with others without any middleman or input. It provides easy and cheap transactions.

It has made a jump of 2.63% in the last 24 hours, thus, standing at $3.99 with a total market cap of 626.69 billion USD.

Source: coinmarketcap

3. Bitcoin (BTC) is up by 3.96%

The leading cryptocurrency Bitcoin has shown an increase of 3.96% and is currently at 16,466.96 USD. the market cap is up by 1.72% and stands at 316.89 USD.

Launched in 2009, Bitcoin is a decentralized platform which means it is not controlled by a single authority or individual. Bitcoin’s popularity has been an inspiration to many developing cryptocurrencies.

Source: coinmarketcap

4. Solana (SOL) is up by 2.21%

Solana, which was trading in red the previous day, has made a bounce back by rising 2.29%. Each Solana token is at 13.67 USD. The market cap has also increased by 2.01% and is standing at 496.05 billion USD.

Solana provides a really swift transaction process and the fees for the same is low when compared to its competitors like Ethereum. Founded in 2017, its aim is scalable and decentralized transactions.

Source: coinmarketcap

5. Terra Classic (LUNC) is up by 1.99%

Terra Classic, which is determined to show that a failed crypto can also make recovery is up by 1.99% in the last 24 hours. Each coin is at 0.00016 USD. The market cap has increased from the last day by 1.94% and stands at 966.99 USD.

The platform allows users to instantly save, spend, trade, or exchange terra stablecoins. It creates stablecoins that track the price of a fiat currency.

Source: coinmarketcap

6. Shiba Inu (SHIB) is up by 2.04%

Shiba Inu is standing at 0.0000092 USD with a boost of a little over 2% in the last 24 hours. Its market cap has also seen a push of 2.07% standing at 507.21 billion USD.

Launched in August 2022, Shiba Inu also follows the theme of memecoin and Shiba Inu dog, just like Dogecoin. In fact, it is also called the “Dogecoin Killer,” it’s believed to be launched as an alternative to Dogecoin. Also, it is an Ethreum-based Altcoin.

7. Ethereum (ETH) is up by 2.89%

Ethereum’s every coin is costing 1206.46 USD which is an increase of 2.89%. The market cap is up by 2.97% and stands at 147.65 billion USD. Its trading volume has risen by 21.77%.

Ethereum is one of the most popular cryptocurrencies. Launched in 2015, its native token Eth has been performing really well. It is a decentralized software platform which is powered by blockchain technology.

These are the 7 most trending crypto in the market today.