- Due to a massive sell-off after the airdrop, the price of ARB crashed terribly.
- The number of profitable Ethereum addresses has increased to approximately 64 million.
The cryptocurrency market is now enjoying positive momentum, having just recovered from a dismal spell that lasted throughout February. Bitcoin and Ethereum, the two digital currencies leading this upswing, are doing particularly well despite heightened US government regulation.
Arbitrum (ARB), PancakeSwap (CAKE), and Ethereum (ETH) are the top three most trending cryptocurrencies right now, according to CoinMarketCap.
Arbitrum (ARB)
With all the buzz around the Arbitrum (ARB) airdrop, it’s no Arbitrum native governance token ARB has garnered much attention. However, due to a massive sell-off after the airdrop, the price crashed terribly.
Additionally, it has been revealed that hackers used vanity addresses to steal $500,000 worth of tokens from the layer-2 scaling solution Arbitrum’s March 23 airdrop.
According to CMC, the Arbitrum price today is $1.27 USD with a 24-hour trading volume of $1,645,717,128 USD. Arbitrum is down 3.99% in the last 24 hours and is down 89% in the last 7 days.
PancakeSwap (CAKE)
When the topic of exchanging or trading tokens comes up, PancakeSwap (CAKE) is always at the forefront. It’s been around since 2022 as a decentralized cryptocurrency exchange running on the BNB Chain.
PancakeSwap (CAKE) has released a new proposal, and the voting session has begun! The creation of a new Syrup Pool in collaboration with Ternoa is at the heart of the latest plan. Ternoa is a layer 1 blockchain infrastructure built with the goal of widespread NFT adoption in mind. According to the brief, CAKE tokens may be staked for CAPS tokens on PancakeSwap.
According to CMC, the PancakeSwap price today is $3.71 USD with a 24-hour trading volume of $45,299,776 USD. PancakeSwap is up 0.81% in the last 24 hours.
Ethereum (ETH)
Indicators show that Ethereum investors have made money after a series of price increases since the beginning of the year. Glassnode, an on-chain analytics business, reports that the number of profitable Ethereum addresses has increased to approximately 64 million, a level not seen in over a year.
Once ETH dropped below $1,200 last year, investors were able to buy more of the cryptocurrency at a lower price. On Thursday, its price jumped to above $1,800, benefiting these investors.
According to CMC, the Ethereum price today is $1,753.31 USD with a 24-hour trading volume of $7,680,354,585 USD. Ethereum is down 0.30% in the last 24 hours.
