Top 6 Trending Cryptocurrencies people are looking for Investment
The world of cryptocurrencies is changing fast. Every day, new trends emerge and the list of top cryptos changes rapidly. With the rise in the popularity of digital currencies, it can be difficult to keep up with all the trending cryptos out there.
There are almost 23,378 cryptocurrencies available for trade on 612 crypto exchanges. The total market cap of the Crypto industry is $1,286,570,328,05 aiming for a 3 Trillion mark in the coming months.
In this article, we will discuss the most trending cryptocurrencies that people are searching for today. We will take a look at the features of each currency.
List of Top 6 Trending Cryptocurrencies:
- ARBITRUM
- TABOO TOKEN
- DOGE CEO
- SPACE ID
- FTX TOKEN
- PANCAKESWAP
ARBITRUM (ARB): Arbitrum is a layer 2 scaling solution on the Ethereum blockchain. It uses optimistic rollups (facilitating off-chain transactions on layer 2, reducing the computational load on the main Ethereum blockchain) to enhance its scalability, speed, and cost-efficiency in the Ethereum ecosystem.
ARB, the native token of Arbitrum, is used for governance. Abritrum is shifted to a Decentralized Autonomous Organization- Arbitrum DAO. ARB holders can cast their vote for the making decisions on the Arbitrum ecosystem that includes protocol upgrades, features, and funds allocation.
The features of Arbitrum include:
- Compatibility
- Scalability
- Flexibility
- Decentralization
The market capitalization of Arbitrum is $1,958,183,047. The price of Arbitrum on 4/7/2023 was $1.202 and the current price of Arbitrum surged to $1.53 at the time of writing. It has a total circulating supply of 1,275,000,000 ARB.
2. TABOO TOKEN: TABOO is an adult NFT & streaming media (specialized in highly exclusive content) project exploring users’ fantasies, purchasing adult NFTs, and investing in tokens. It is termed the playboy of Crypto.
The platform has recently launched its native marketplace with a redesigned UI/UX where users can purchase the $Taboo tokens, sell and trade native NFTs, or can stake their holdings to earn a guaranteed Annual percentage yield (APY) of up to 20%.
The price of TABOO on 4/7/2023 was $0.00368 and the current price surged to $0.005152 at the time of writing. It has a circulating supply of 9,782,678,080 TABOO and a market cap of $50,714,731.
3. DOGE CEO: DOGE CEO is a community project with a goal to advance every aspect and day-to-day living of people all over the world. There are 420 quadrillions total supply of tokens. The current price of the DOGE CEO is $0.000000000003 at the time of writing. The token has seen a slight increase in the last few days.
4. SPACE ID (ID): ID is the governance token of SPACE ID. This token is used for staking, as a payment for the space id ecosystem, and for web3 name SDK integration. Token holders can also vote on SPACE ID DAO proposals. The ID total supply is 2,000,000,000. The ID token will be available on Binance Launchpad for public subscription.
SPACE ID is also the primary name service provider of multiple web3 top-level domains like the .bnb domain(BNB Smart Chain), .arb domain (Arbitrum One), and .eth (Ethereum). It has a circulating supply of 286,000,000 ID coins. The price on 4/13/2023 was $0.4673 and the current price is $0.7177 at the time of writing.
5. FTX TOKEN (FTT): FTX Token is the native token of the crypto derivatives trading platform FTX. FTX Token (FTT) saw a surge of over 112% from $1.32 to $2.80 after the company’s attorneys announced that the exchange will restart in the future, mid-2024. The FTX legal team is also looking at options to allow the platform’s creditors to convert a part of their holdings to a stake.
FTX collapsed in November following a report by CoinDesk highlighting potential leverage and solvency concerns linking with Alameda Research- FTX affiliated trading firm. FTX looked for a bailout due to the liquidity crisis in November.
The current price of the FTX token is $1.95 with a circulating supply of 328,895,104 FTT and with a market cap of $638,820,219.
6. PANCAKESWAP (CAKE): PancakeSwap is a decentralized finance (DeFi) application that enables users to exchange tokens and facilitate liquidity via farming on Binance smart chain.
Users can trade, earn, and win cryptos on the platform. Token holders can earn rewards by staking their tokens and also through participating in lotteries and non-fungible tokens (NFTs).
The total circulating supply of Pancakeswap is 185,308,063 with a market capitalization of $680 million. The current price of pancakeswap is $3.67.
In conclusion, the cryptocurrency space is ever-evolving and extremely dynamic. It’s important to keep up with the latest trends to ensure that you are making informed decisions when investing. Staying informed on the top cryptos and their performance is key to your success in trading. As always, remember to do your own research and never invest more than you can afford to lose.
Cryptocurrencies are highly volatile and subject to market risk, so be cautious while making any investment decision.
