The crypto market, which experienced a decline two days ago, has recovered today, with most of the cryptocurrencies in the heatmap in the green zone. This is a sign of upcoming price increases and relative stability in the market. While the market is recovering, several cryptocurrencies are attracting investors and becoming the most trending cryptocurrencies.
In this blog, let’s talk about the trending cryptocurrencies of the day.
pepe
PEPE, the famous frog meme coin, rose 10% this week and rose 3% on the day, making it first on the list of trending cryptocurrencies. PEPE’s popularity peaked in March, when the token hit an all-time high of $0.00001074. Although Pepe’s price has fallen by more than 19%, the current rally and its technical analysis point to a better rally.
Memeai
MEMEAI is another Elon Musk-based meme coin that faced a 19% drop this week. However, the token has rebounded significantly today with a 3% price spike and is currently trading at $0.003603 with a market cap of $2,623,496. Additionally, MEMEAI saw an 890% increase in trading volume and its value rose to his $3,452,608.
gorilla
Gorilla Meme Coin successfully rebounded by 6.46% after facing heavy losses over the past 7 days. The token is still down 12% from the previous week, but bullish indicators predict a better recovery potential. More importantly, Gorilla’s trading volume surged by 457%, indicating an increase in demand. The current trading volume is $3,311,434 and the market cap is $3,221,474.
Jupiter
Jupiter is trading at $1.11 after experiencing a surge of 8.29% in a week and 4.40% in the past 20 hours. Memecoin is less than half of its all-time high price target of $2.04, set just three months ago.
Coinbase announced the listing of Jupiter perpetual futures, which contributed to the token’s recent rally.
Bitcoin
Bitcoin has earned its place among trending cryptocurrencies after battling a bearish trend and poor overall market performance earlier this week. It has risen 3% in the past 24 hours and is currently trading at $63,299.86. Bitcoin is emerging from the post-Bitcoin halving correction zone that is causing volatility issues in the crypto market.
final thoughts
As the market continues to experience ups and downs, cryptocurrencies are facing large price fluctuations. However, investors’ attention has focused on the most trending cryptocurrencies such as PEPE, Bitcoin, and Jupiter on hopes of greater stability by the end of the month.
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