Altcoins
Trending Altcoins: Top 3 Trending Coins of the Day
The crypto market has managed to stay above the 70 mark in the greed zone for weeks. With a few fluctuations here and there, the main cryptocurrencies hold their place well in the market. Bitcoin rose from the $52,000 mark, as Ethereum broke the $3,000 mark. These are the evergreen cryptos, but for this blog, let’s discuss “Today’s Top 3 Trending Coins”.
Top 3 Trending Coins in the Crypto Market
There are over 2.2 million cryptocurrencies. Each has a unique functionality and a better use case, so competition is tougher than you might think. Hundreds of factors impact the performance of crypto coins, starting with community support, industry trends, and developer features. THE best altcoins which are in fashion after competing on these factors are:-
1. Dragee
Dragy is a recently launched meme coin with a market cap of $487,688. It is a meta token based on the Solana chain with a dragon as its symbol, and as 2024 is the year of the dragon, the community expects luck and profits with the coin.
It recently reached its all-time high value of $0.0001528 four days ago and is even down 68% today. It is currently trading at $0.00004709 and is up 16% from last week. This price increase increased trading volume by over 200%, reaching $4,598,465. The price fluctuated rapidly over a few days. He has experienced many ups and downs.
2. JasmyCoin
JasmyCoin is an IoT product from Japan, whose mission is to protect data rights. It stands out from other cryptocurrencies because its approach to democratizing data management sets it apart.
JASMY jumped by more than 45% in the last 24 hours and 230% in one month. It is trading at $0.01634 with a trading volume of $1,409,445,477, up 75%. It is at the best price of the last year since its all-time high was on February 16, 2021 at $4.99.
This has been bearish for years, and token inflation is the reason. Token inflation refers to the fact that more and more tokens are coming onto the market. In the case of JasmyCoin, the circulating supply has increased approximately ten times per year.
This increase occurred after Guarda Wallet made JASMY available. JASMY’s price rise not only benefits investors but also the coin. Its trading value has increased by over 75% in the last 24 hours, making this coin popular within the community.
3. StarkNet
StarkNet is hot, but for the wrong reasons. It continually falls in the charts. StarkNet is a layer 2 solution recently launched on centralized exchanges, including Binance. A day after its launch, its price rose more than 7%, then fell 40%.
StarkNet negotiates to $1.87, with a drop of more than 20%. The same goes for its trading volume, as it is down 42%.
Due to the airdrop, StarkNet’s circulating supply became larger, impacting its scalability. As a result, the demand for the token decreased and the price decreased.
Conclusion
Dragy, JasmyCoin and Starknet are the 3 most trending coins on coinmarketcap, where some are making profits while others are suffering. The crypto market is full of ups and downs where the charts can move in a different direction at any time.