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After the slow days following the FTX bug and China's Covid-19 crisis, the crypto market made a good jump today. Let's take a look at today's trending cryptocurrencies.
1. Dogecoin (DOGE) rises 8.93%
Dogecoin is the most trending crypto commodity today, it rises by 8.93% in the last 24 hours and is worth $0.103 USD. The market cap is $136.50 billion, up 8.75% from the previous day.
Dogecoin, launched in 2013, is considered an Altcoin. It uses the Shiba Inu logo of the Japanese breed of dog. Crypto is an open source peer-to-peer cryptocurrency. Dogecoin has an unlimited supply and the transaction fee is very cheap.
2. Pancake Swap (CAKE) is up 2.63%
Pancake Swap is the second trending crypto. It is a decentralized platform built on the BNB chain. It has similarities with crypto tokens like UniSwap. Users can exchange coins with others without intermediaries or input. It offers easy and affordable business.
It jumped 2.63% in the last 24 hours to trade at $3.99 with a total market capitalization of $626.69 billion.
3. Bitcoin (BTC) is up 3.96 %
The main cryptocurrency Bitcoin showed an increase of 3.96% and is currently at $16,466.96. the market value increased by 1.72% and is $316.89.
Launched in 2009, Bitcoin is a decentralized platform, meaning it is not controlled by a single authority or individual. The popularity of Bitcoin has inspired many emerging cryptocurrencies.
4. Solana (SOL) is up 2.21 D
Solana, which traded in the red the previous day, is up 2.29%. Each Solana token is USD 13.67. The market capitalization also increased by 2.01% and stands at $496.05 billion.
Solana offers a really fast transaction process and its fees are low compared to competitors like Ethereum. Founded in 2017, it aims to be a scalable and decentralized transaction.
5. Terra Classic (LUNC) is up 1.99 %
Determined to show that even a failed crypto system can bounce back, Terra Classic is up 1.99% in the last 24hours. Each coin is worth $0.00016. The market value increased by 1.94% since the last day and is 966.99 USD.
The platform allows users to store, spend, trade or exchange land stable coins instantly. It creates stablecoins that track the price of fiat currency.
6. Shiba Inu (SHIB) is up 2.0%
Shiba Inu is trading at $0.0000092, up more than 2% in the last 24hours. Its market capitalization also increased by 2.07% and stands at $507.21 billion.
Launched in August 2022, Shiba Inu also follows the memecoin and Shiba Inu dog theme as Dogecoin. In fact, it is also called "Dogecoin Killer", it is probably launched as an alternative to Dogecoin. Moreover, it is an Altcoin based on Ethreum.
7. Ethereum (ETH) rises 2.89 %
Each Ethereum coin costs USD 1206.6, up 2.89%. The market value increased by 2.97% and is 147.65 billion dollars. Its trading volume increased by 21.77%.
Ethereum is one of the most popular cryptocurrencies. Released in 2015, native Eth performed very well. It is a decentralized software platform that runs on blockchain technology.
These are the 7 trendiest cryptocurrencies on the market.
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