The crypto market has continuously managed to stay above the 70 mark in the greed zone for weeks now. With a few fluctuations here and there, the top cryptocurrencies are handling their place well in the market. Bitcoin has lowered from the $52,000 mark, whereas Ethereum has crossed the $3000 mark. These are the evergreen cryptos, but for this blog, let’s discuss ‘the top 3 trending coins for today.’

Top 3 Trending Coins In The Crypto Market

There are more than 2.2 Million cryptocurrencies in existence. Each has a unique feature and better use case, so the competition is chewier than we think. Hundreds of factors impact the performance of crypto coins, starting with community support, industry trends, and development features. The top altcoins that are trending after competing on these factors are: –

1. Dragy

Dragy is a newly launched meme coin with a market cap of $487,688. It is a meta token based on the Solana chain with a dragon as their symbol, and as 2024 is the year of the dragon, the community is expecting good luck and profits with the coin.

It reached its all-time high value recently at $0.0001528 four days ago and even has lowered by 68% today. It is currently trading at $0.00004709 and is on a 16% hike from last week. This price hike has increased the trading volume by more than 200%, leading to $4,598,465. The price has fluctuated rapidly within a few days. It has seen many ups and downs.

2. JasmyCoin

JasmyCoin is an IoT product from Japan, working on a mission to protect data rights. It is distinguishable from other cryptos because its approach to data management democratization sets it apart.

JASMY has surged by more than 45% in the last 24 hours and to 230% in a month. It is trading at $0.01634 with a trading volume of $1,409,445,477, up by 75%. It is at the best price in the last year as its all-time high was on 16 Feb 2021 at $4.99.

It was bearish for years, and the Token inflation is the reason. Token inflation refers to more and more tokens hitting the market. In the case of JasmyCoin, the circulating supply increased around ten times aground a year.

This surge happened after Guarda Wallet made JASMY available. JASMY’s price hike doesn’t only benefit the investors but the coin as well. Its trading value has increased more than 75% in the last 24 hours, making this coin popular among the community.

3. StarkNet

StarkNet is trending, but it is for the wrong reasons. It is continuously falling in the charts. StarkNet is a layer 2 solution recently launched on the centralized exchanges, including Binance. Within a day of launch, its price spiked by over 7% and later on dropped by 40%.

StarkNet is trading at $1.87, with more than a 20% decline. The same goes for its trading volume, as it’s down by 42%.

Because of the airdrop, the circulating supply of StarkNet has gotten bigger, impacting its scalability. As a result, the demand for the token has declined, and the price is decreasing.

Conclusion

Dragy, JasmyCoin, and Starknet are the top 3 trending coins on the coinmarketcap where some are making a profit while others are suffering. The crypto market is full of ups and downs where charts can move in a different direction anytime.

The post Tredning Altcoins : Top 3 Trending Coins For Today appeared first on CoinGape.

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Filed under: News - @ February 22, 2024 10:11 am