As an analyst with extensive experience in the crypto market, I’ve observed that while some cryptos are struggling to maintain their value due to the current market conditions, others are defying the trend and gaining momentum. In this blog post, I will discuss a few of these trending cryptocurrencies and provide my insights on their performance.
As a researcher studying the cryptocurrency market, I’ve noticed an unsettling trend emerging: the gradual decline of most cryptos, with some notable exceptions. The downturn began when Bitcoin, the largest cryptocurrency by market capitalization, started to drop in value. This shift put significant downward pressure on other cryptos as well. Nevertheless, a few resilient cryptocurrencies continue to trend upward and gain momentum on their price charts despite the overall market conditions.
In this blog, let us discuss a few trending cryptos today and their performance in this market.
zkSync (ZK)
As a crypto investor, I’ve been keeping a close eye on ZK, the native token of the layer 2 network ZKSync. The recent ZK airdrop has stirred up some controversy in the community due to its limited receiver criteria. I’m among the frustrated users calling it a “ZKscam.” This restriction has taken a toll on ZK’s price, which has been declining steadily. At present, ZK is trading at $0.2142, marking a 25% decrease in value over the past 24 hours. Furthermore, its market capitalization stands at $783,332,669, while its trading volume amounts to $1,253,471,793.
Pepe Unchained (PEPU)
Prior to its market debut, PEPE Unchained has already attracted crypto investors with its ongoing presale. Due to PEPE’s growing popularity, PEPU intends to introduce a layer 2 network, offering double-stacking rewards and enabling quicker transactions. In addition to cheaper transaction fees, it boasts an impressive transaction volume capacity, which is 100 times faster than Ethereum. The current value of 1 PEPU is $0.008, and it has amassed $169,137.64 out of its goal of $406,000.
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Notcoin (NOT)
As a crypto investor, I’ve noticed an intriguing development in the world of altcoins this month. Notcoin, which gained significant traction due to its connection with Telegram and impressive gains, reached an all-time high (ATH) of $0.02896 at the beginning of the month. This represented a remarkable 160% increase compared to the previous month.
Super Trump (STRUMP)
This meme coin based on former President Donald Trump experienced a 158% increase in value, but its upward trajectory is coming to an end. In the early part of the month, there was heightened interest and controversies surrounding Trump that caused a spike in value for Trump-themed cryptocurrencies, including STRUMP. Currently, the coin is priced at $0.01409 with a market capitalization of $24,618,504 and a trading volume of $12,169,145. The recent trend for Super Trump has been downward, with a 41% decrease in value over the past week. However, there has also been an impressive surge in trading volume by 180%, which could potentially lead to another shift in the trend.
Occasionally, trends shift in the crypto market, affecting the price behavior of all the relevant cryptocurrencies. Currently, the market is experiencing a downtrend, resulting in a decrease for most digital currencies.
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2024-06-18 11:57