- The top trending cryptocurrencies are BTC, ETH, XRP, ARB, and SHIB.
- While the top cryptos trading in red XRP soared over 3.5% in a day.
The global crypto market seems to be recovering from the prolonged bear market. And the traditional banking crisis gives positive movements to digital assets and gains investors’ attention. There are thousands of different cryptocurrencies, ranging from the two largest, Bitcoin and Ethereum, to prominent altcoins like Dogecoin and Tether circulating in the market.
Here are the top 5 cryptocurrencies that could stay on the top trending crypto list this week with significant updates and price surges, as per CoinMarketCap.
Bitcoin (BTC)
- Market Cap: $522 billion
- 24H Trading Volume: $18 billion
Bitcoin is currently the most trending cryptocurrency after its recent bullish price rally. Also, the digital market’s sovereign currency, BTC, outperforms the global crypto market with a 70% price surge since the start of the year.
BTC started experiencing super hikes in mid-March, and in just 14 days, its price soared by more than 33%, from $19K to $29K. The week ended on a positive note that keeps $30K out of reach and holds 46% of the market share.
At the time of writing, Bitcoin traded at $27,025 with a 24-hour trading volume of $18 billion, up around 29%. BTC declined by 2.90% in one day.
Ethereum (ETH)
- Market Cap: $210 billion
- 24H Trading Volume: $8 billion
The second-largest cryptocurrency, Ethereum, buzzing the crypto community with its layer-2 platform, Polygon. That introduced the Zero Knowledge Ethereum Virtual Machine (zkEVM) scaling to the mainnet on Monday. ETH has also experienced the same price changes as BTC.
The price of Ethereum rose from the $1.4K range to the $1.8K range. And ETH is up by over 45% year-to-date. At the time of writing, Ethereum traded at $1,720 with a 24-hour trading volume of $8 billion, an increase of about 27%. But the leading altcoin price is down 2.42%.
Ripple (XRP)
- Market Cap: $25 billion
- 24H Trading Volume: $3 billion
The winning path against the Ripple vs. SEC case grabs Crypto Twitter and XRP community attention. Also, the altcoin price surged while the top cryptocurrencies traded in the red and placed as the top performers of the week.
At the time of writing, XRP traded at $0.483 with a 24-hour trading volume of $3 billion, climbing about 114%. XRP soared over 3.5% in a day and skyrocketed over 25% in the last 7 days.
Arbitrum (ARB)
- Market Cap: $1 billion
- 24H Trading Volume: $990 million
It’s not surprising that Arbitrum’s native governance token, ARB, has attracted so much attention, given the uproar surrounding the ARB airdrop. After the airdrop, there was a significant sell-off, and the price fell dramatically.
But still, Arbitrum is trending among the crypto community, and they are expecting that ARB will make its way to the top soon. At the time of writing, Arbitrum traded at $1.13, declining by over 11% in the last 24 hours.
Shiba Inu (SHIB)
- Market Cap: $6 billion
- 24H Trading Volume: $273 million
Finally, one of the talkative memecoins, Shiba Inu, is still on the trending list even though it has no price momentum following the layer-2 blockchain Shibarium update. The hype over the SHIB is still there, but the price action of the Dogecoin rival may be muted.
At the time of writing, Shiba Inu traded at $0.00001033, down by 2% in one day and 7% in the last 14 days. However, SHIB’s 24-hour trading volume has surged over 99% to hold $273 million.
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