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

Trending Cryptos in the Market Right Now - In the fast-paced world of cryptocurrencies, staying updated with the latest trends is crucial for investor

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Last updated on June 15th, 2023 at 09:28 am

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.

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 PEPE, Cardano (ADA), Polygon (MATIC), Terra Classic (LUNC), and Ripple (XRP).

1. PEPE: Market Cap $331 million

Top 5 Trending Crypto in the Market Right Now

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.

According to live data from CoinMarketCap, the price of PEPE today is $0.0000008521. Also, the price is down 8.28% in the last 24 hours. What’s more, PEPE has a live market cap of 331 million USD. Please conduct your own research to find out the best time to invest in PEPE.

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2. Cardano (ADA): Market Cap $8.9 billion

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

Cardano is the second on the list. The blockchain platform was founded in 2015 and launched in 2017 and it uses the proof-of-stake mechanism. Cardano is a very energy-efficient blockchain simply because it does not rely on mining to create new tokens.

The native token of the Cardano network is ADA. It is a digital currency that can be used as a secure exchange of value. Every ADA transaction is secure and recorded on the Cardano blockchain.

According to live data from CoinMarketCap, the price of Cardano (ADA) today is $0.256. The price is down 5.96% in the last 24 hours. What’s more, Cardano is ranked #7 on the CoinMarketCap chart with a live market cap of $8,958,297,648 (8.9 billion).

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3. Polygon (MATIC): Market Cap $5.7 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 Polygon (MATIC). Launched in 2017, Polygon is a blockchain developed with the aim of creating a multi-chain blockchain system that is compatible with the Ethereum network.

The project was developed by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, as well as Mihailo Bjelic.MATIC is the native token of the Polygon network. It is used to pay for gas fees to complete transactions on the blockchain.

Live data from CoinMarketCap shows that the price of MATIC is $0.6158 and is down 5.60% in the last 24 hours. MATIC is ranked #11 on the CoinMarketCap chart with a live market cap of  $5,709,318,148 (5.7 billion).

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4. Terra Classic (LUNC): Market Cap $565 million

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LUNC made it to the list of trending cryptocurrencies in the market today. Terra is a blockchain protocol and payment platform that was founded by Do Kwon and Daniel Shin in 2018.

The original Terra LUNA token, which was left over following the recent UST/Luna collapse and the creation of a new Terra chain, is known as LUNA Classic. Live data from CoinMarketCap shows that the price of LUNC is $0.000097. The price is up 0.53% in the last 24 hours. What’s more, Terra Classic is ranked #60 on the CoinMarketCap chart with a live market cap of $565,929,511 ($565 million).

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5. Ripple XRP: Market Cap $24 billion

Ripple XRP: Market Cap $27 billion

The last coin on the list of top trending cryptos in the market right now is Ripple (XRP). Ripple is an old player in the game but has continued to maintain its position on the good side of the market regardless of its ongoing legal tussle.

As the Ripple vs SEC case comes to a possible end this month, investors are eager to see the final ruling. The outcome of the case will definitely affect the price of XRP either in a positive or negative way.

According to live data from CoinMarketCap, the price of XRP today is $0.4711. The price is down 6.58% in the last 24 hours. What’s more, XRP is ranked #6 on the CoinMarketCap chart with a live market cap of $24,488,156,433 ($24 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 need 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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