- XRP dominates the list of top trending cryptocurrencies.
- The Ripple vs SEC court battle’s crucial conclusion triggers the rise of altcoin season.
Altcoin season is resurfacing on the global crypto market scene with newer trends. The partial victory of Ripple in its three-year-long lawsuit against the SEC has become one of the prime catalysts for this re-emergence.
In this article, we have listed the day’s top trending cryptocurrencies based on two key parameters such as social volume, and community activity. Significantly, Ripple’s XRP and Terra Classic (LUNC) rank as the top contenders on the list.
Let’s highlight and analyze how the following top trending cryptocurrencies are performing in the crypto market.
Ripple (XRP)
XRP has become the talk of the crypto realm ever since its near conclusion on July 13. Turning bullish, this ‘not-a-security’ altcoin ranks fourth in terms of market capitalization, as per CoinMarketCap. In the last 24 hours, the daily trading volume of XRP pumped 35.62% to cross the $3.3 billion mark.
Over the past day, the XRP price recorded an increase of over 6% to trade at $0.7887, at the time of writing. Currently, 52,544,091,958 XRP in circulation hold up a market cap of $41.4 billion.
Terra Classic (LUNC)
Terra Classic (LUNC) reinstated its hype amid the community. On Monday, crypto exchange Binance officially announced its support for the impending Terra (LUNA) network upgrade. Since then, the ecosystem’s pioneers, LUNC and TerraClassicUSD (USTC), experienced a rise in price and trend.
However, LUNC is under a bearish spell. At the time of writing, according to CoinMarketCap, LUNC price was at $0.00008894 after displaying a short uptick of 0.79%. Despite trending on major price feeds, LUNC experienced a 45% decrease in daily trading volume.
Bitgert (BRISE)
The ‘crypto engineering project’ Bitgert emerged as one of the platforms with high speculations amid the community. In July, the project announced key updates and events. Firstly, Bitgert declared the completion of two years in this industry on July 7. Alongside this, it announced the listing of its native token, BRISE, on 10 leading crypto exchanges. Secondly, the news of BRISE’s verification on Etherscan captured the attention.
But the market performance of BRISE displayed a contrasting scenario in the past 24 hours. The altcoin’s daily trading volume dipped 2% and so did its trading price. At the time of writing, the price of Bitgert (BRISE) was $0.0000002577, as per CMC.
Hedera (HBAR)
Hedera (HBAR) turned up into an altcoin with a prominent lineup of announcements. The project hooks its community with the following events: Stablecoins’ trials for TradFi institutions, submission of feedback to the SEC, and the recent integration of MetaMask.
Remarkably, the daily trading volume of HBAR rose 72%, highlighting the positive sentiment of its investors. The current market price of HBAR spiked 2% to $0.05546, according to CoinMarketCap data.
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