After witnessing a fall two days ago, the crypto market has recovered today as most of the cryptocurrencies in the heatmap are in the green zone. It is a sign of the upcoming price rally and the comparative stability of the market. While the market is in recovery, a few cryptocurrencies have won over investors and have become the most trending cryptocurrencies.
In this blog, let us discuss the trending cryptocurrencies of the day.
PEPE
PEPE, the famous frog meme coin, is first in the trending cryptocurrencies list as the token has a 10% surge this week and a 3% within the day. PEPE’s popularity peaked in March when the token gained its all-time high value of $0.00001074. Though pepe price has dropped more than 19%, the current gains and its technical analysis indicate a better surge.
MEMEAI
MEMEAI is another Elon Musk-based meme coin and has faced a 19% drop this week. However, the token made a significant recovery today with a 3% price surge and is currently trading at $0.003603 with a market cap of $2,623,496. Moreover, MEMEAI has witnessed an 890% surge in its trading volume, pushing the value to $3,452,608.
Gorilla
The Gorilla meme coin has succeeded with a 6.46% recovery after facing a heavy loss in the last seven days. The token is still in a 12% decline from the previous week, but with the bullish indicators, a possibility of a better recovery is anticipated. More importantly, the Gorilla’s trading volume has surged 457%, indicating increased demand. As of now, its trading volume is at $3,311,434 with a market cap of $3,221,474.
Jupiter
After witnessing an 8.29% surge in a week and 4.40% in the last twenty hours, Jupiter is trading at $1.11. The meme coin is less than halfway to its all-time high target of $2.04, set just three months ago.
Coinbase has announced the listing of perpetual futures for Jupiter, which has helped the token gain its recent gain.
Bitcoin
Bitcoin has gained its spot among the trending cryptocurrencies after battling the bearish trends and declining overall market performance earlier this week. It is presently trading at $63,299.86 after gaining a hike of 3% in the last 24 hours. Bitcoin is coming out of the post-Bitcoin Halving correction zone, which has caused volatility issues for the crypto market.
Final Thoughts
With the continuous ups and downs of the market, cryptocurrencies are facing major price changes. But with the anticipation of better stability by the month’s end, investors’ attention is eyeing the most trending cryptocurrencies like PEPE, Bitcoin, Jupiter, etc.
Read More: Trending Cryptocurrencies Of The Day | CoinGape
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