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Cryptocurrency trends of the day
After witnessing a fall two days ago, the cryptocurrency market has recovered today like most cryptocurrencies in the heat map I’m in the green zone. It is a sign of the impending price rally and relative stability of the market. While the market is recovering, some cryptocurrencies have won over investors and have become the most trending cryptocurrencies.
In this blog, we talk about the trending cryptocurrencies of the day.
PEPPER
PEPE, the famous frog meme coin, is first on the list of trending cryptocurrencies as the token recorded a 10% increase this week and 3% on the day. PEPE’s popularity peaked in March when the token reached its all-time high of $0.00001074. Although pepper price is down more than 19%, current earnings and its technical analysis point to a better rise.
MEMEAI
MEMEAI is another Elon Muskmeme coin based on memes and suffered a 19% decline this week. However, today the token has seen a significant recovery with a 3% price increase and is currently trading at $0.003603 with a market capitalization of $2,623,496. Furthermore, MEMEAI witnessed an 890% increase in its trading volume, pushing the value to $3,452,608.
Gorilla
The Gorilla meme coin managed a recovery of 6.46% after suffering a heavy loss over the past seven days. The token is still down 12% from the previous week, but with bullish indicators the possibility of a better recovery is expected. More importantly, the Gorilla’s trading volume increased by 457%, indicating increased demand. As of today, its trading volume is $3,311,434 with a market cap of $3,221,474.
Jupiter
After witnessing an increase of 8.29% in a week and 4.40% in the last twenty hours, Jupiter is trading at $1.11. THE memetic currency it is less than half of its all-time high target of $2.04, set just three months ago.
Coinbase announced the listing of perpetual futures for Jupiter, which helped the token earn its recent gain.
Bitcoin
Bitcoin has earned its place among trending cryptocurrencies after battling bearish trends and declining overall market performance earlier this week. It currently is trade to $63,299.86 after gaining 3% in the past 24 hours. Bitcoin is exiting the post-Bitcoin Halving correction zone, which has caused volatility issues for the cryptocurrency market.
Final thoughts
With the continuous ups and downs of the market, cryptocurrencies are facing major price changes. But with the anticipation of better stability by the end of the month, investors’ attention is turned to the most trending cryptocurrencies such as PEPE, Bitcoin, Jupiter, etc.
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