Top 5 Trending Cryptos in the Market Right Now: A Closer Look at the Crypto Market

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Top 5 Trending Cryptos in the Market Right Now: A Closer Look at the Crypto Market

Last updated on October 29th, 2023 at 07:03 pm

Trending Cryptos in the Market Right Now – In the fast-paced world of cryptocurrencies, staying updated with the latest trends is crucial for investors and enthusiasts alike. The year 2023 has witnessed a surge in the popularity of various digital currencies, with five cryptocurrencies, in particular, gaining significant traction right now.

It is important to know that the crypto market is very volatile and constantly changing, so the trending cryptocurrencies right now might not be the same tokens in the top list of trending coins tomorrow.

In the growing world of cryptocurrency, making a good profit is the ultimate goal but before doing that, investors have to be aware of the market situation and carefully select the best cryptocurrencies to add to their portfolio.

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In this article, we will be taking a close look at the 5 crypto gems making rounds right now in the market. The cryptocurrencies on the list cut across the different types of tokens in the market.

What are the trending cryptocurrencies in the market today?

The top 5 trending cryptos in the market right now include Bitcoin (BTC), Celer Network (CELR), Chainlink (LINK), Pepe (PEPE), and Solana (SOL).

1. Bitcoin (BTC): Market Cap $658.7 billion

Top 5 Trending Cryptos in the Market Right Now: A Closer Look at the Crypto Market

Bitcoin, the largest cryptocurrency in the world by trade volume has witnessed a significant rise in its price since October 21. Today, BTC leads the crypto market as the number 1 trending cryptocurrency at press time.

Bitcoin reached its all-time high in November 2021 when its value exceeded $65,000. Since that time, the price of the token has dropped by more than 50%. However, Bitcoin is currently undergoing a bullish trend with its price hanging in the green zone.

According to live data from Coinstats, the price of BTC today is $33,694. Also, the price is up 6.91% in the last 24 hours. What’s more, Bitcoin has a 24-hour trading volume of $80,618,859,016 ($80.6 billion) with a live market cap of $657,821,448,166 ($657.8 billion).

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2. Celer Network (CELR): Market Cap $77.9 million

Celer Network (CELR): Market Cap $77.9 million

Celer Network is the second on the list. Founded in 2018, Celer Network is an interoperability protocol that enables the assessment of tokens, DeFi, GameFi, NFTs, governance, privacy solutions, and more across multiple chains. It is a layer-2 blockchain scaling solution used for deploying dApps (decentralized apps) on different blockchains.

The native token of the Celer Network is CELR. It is an ERC-20 token that can be used as a payment method on the Celer Network. Furthermore, the token can also be staked to join the “State Guardian Network”.

According to live data from Coinstats, the price of CELR today is $0.014. The price is up 8.95% in the last 24 hours. What’s more, Celer Network (CELR) is ranked #199 on the global crypto chart with a live market cap of $77.9 million.

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3. Chainlink (LINK): Market Cap $5.6 billion

Top 5 Trending Cryptos in the Market Right Now: A Closer Look at the Crypto Market

The next token on the list of the top 5 trending cryptos in the market right now is Chainlink (LINK). Launched in 2017, Chainlink is a crypto and technology platform that makes it possible for blockchain to interact with external data securely.

The project was developed by Sergey Nazarov and Steve Ellis. LINK is the native token of the Chainlink network. It is used to pay for service fees and also to incentivize network security.

Live data from Coinstats shows that the price of LINK today is $10.04 and is down 1.34% in the last 24 hours. LINK is ranked #13 on the crypto market chart with a live market cap of  $5.6 billion.

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4. Pepe (PEPE): Market Cap $392 million

trending pepe coin

Pepe (PEPE) has been on the list of trending crypto gems in the market since its inception in May. It quickly crossed the $1 billion market capitalization mark shortly after its debut. However, even with its trending status, some crypto analysts still believe that PEPE is a scam project. PEPE has a relatively low price which reduces its entry barrier.

Live data from Coinstats show that the price of PEPE today is $0.0000009. Also, the price is up 16.56% in the last 24 hours. What’s more, PEPE is ranked #91 on the crypto market chart with a live market cap of 392 million USD. Please conduct your own research to find out the best time to invest in PEPE.

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5. Solana (SOL): Market Cap $12.5 billion

solana trending cryptocurrency

The last coin on the list of top trending cryptos in the market right now is Solana (SOL). Solana is an old player in the game but has continued to be one of the favorites and maintain its position in the market.

Solana is a blockchain platform that provides smart contract functionalities using the proof-of-stake mechanism. Founded by Anatoly Yakovenko and Raj Gokal in 2018, Solana was subsequently launched in 2020. The native token of the network is SOL and it is used to settle transaction fees and also for staking.

Today, the price of SOL is $30.15. The value is up 0.45% in the last 24 hours. What’s more, SOL is ranked #7 on the market chart with a live market cap of $12.5 billion.

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Conclusion

These are the top 5 cryptos in the market right now according to live data. However, it is important to always check and refresh to see what’s trending daily because the market is extremely volatile and can change rapidly. Each of the tokens listed here has its own features and use case. Depending on your needs as an investor, you can make the right choice from the list that fits.

Disclaimer: This content is for educational purposes and should not be taken as financial advice. Whatever you do with the above information is your choice. Make sure you do due diligence and consult an investment adviser before you proceed.

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Victor Nnamdi Igbor "Swaezy" is a crypto enthusiast and writer with over 8 experience in blogging. He is an easy person and when not working, loves to have a good time.