- BTC, XRP, ETH, ETHW, and CAKE are the top 5 trending cryptos of the day.
- The data was curated and released by CoinMarketCap.
- The coins are trending mainly based on price and development.
CoinMarketCap released the data for the top five trending cryptocurrencies of the day. The ones that caught the spotlight are Bitcoin (BTC), XRP, Ethereum (ETH), EthereumPoW (ETHW), and PancakeSwap (CAKE).
The platform has a section dedicated to users that will keep them up to date on the most popular cryptos of the day. The king of cryptocurrencies is in the first place. BTC is currently trading at $19,382, with a 3.75% gain in the last 24 hours.
XRP holds the second position. However, XRP tops the rest of the trending coins in terms of price performance. XRP has spiked by 66.34% in the last seven days and 28.8% in the last 24 hours. The rally can be attributed to the likeliness of the new court filings by XRP in the ongoing lawsuit.
Then comes Ethereum, standing at a price of $1,345, with a 6.77% gain in the last 24 hours. The whole trend around ETH is mainly due to the Merge that went live earlier this month. The merge was completed seamlessly, and the network is now 99.96% more energy efficient.
The Ethereum proof-of-work coin, ETHW, stands in the fourth-tier position. As the fork went live 24 hours after the Merge, the miners who were left stranded post-Merge, shifted their focus to ETHW. This is also visible in its price in the last 24 hours. ETH is currently trading at $6.37 with a 7.9% gain over the last 24 hours.
PancakeSwap is currently ranked fifth. CAKE is currently trading at $4.52, with a 5.73% gain in the last 24 hours. CAKE is also up by 9.42% and 15.8% in the last 7 and 20 days.
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