Bullet Points:
– The global market cap is now $1.05 trillion, up 0.80% in the last 24 hours.
– The top trending coins are Dogecoin (DOGE), Avalanche (AVAX), Terra Classic (LUNC), and Polygon (MATIC).
– These coins have all seen an increase in price over the past 24 hours, with some seeing an increase of over 50%.
Article:
The cryptocurrency market has been experiencing a bear market for the past few months. However, new projects in the blockchain sector and new updates in the crypto markets have led to a boom in market conditions, and the global market cap has faced a downtrend in 2022, trading below one trillion dollars. But now, the global market cap is now $1.05 trillion, up 0.80% in the last 24 hours.
The top trending coins of the day are Dogecoin (DOGE), Avalanche (AVAX), Terra Classic (LUNC), and Polygon (MATIC). Dogecoin is currently trading at $0.08983 and has risen by 4.97% in the last 24 hours. There are 132 billion DOGE in circulation, with a market cap of $11 billion and a 24h trading volume of $641.84 million. Avalanche, like Ethereum, utilizes smart contracts to support a wide range of blockchain projects. AVAX is ranked 14 with a price of $20.37 and an increase of 13.01% at the time of writing. There are 314 million AVAX in circulation, with a market cap of $6 billion and a 24h trading volume of $875.50 million. Terra Classic is a proof-of-stake blockchain protocol that enables users to stake Luna tokens to earn rewards and is currently trading at $6.75 with an increase of 15.20%. There are 690.9 million LUNC in circulation, with a market cap of $4.7 billion and a 24h trading volume of $1.2 billion. Lastly, Polygon is a platform that enables developers to build and connect Ethereum-compatible blockchain networks and is currently trading at $0.964 with an increase of 23.47%. There are 12.4 billion MATIC in circulation, with a market cap of $11.9 billion and a 24h trading volume of $2.1 billion.
These coins have all seen an increase in price over the past 24 hours, with some seeing an increase of over 50%. This is a sign of a healthy market, and one that could lead to higher prices in the future. With the global markets continuing to show an upward trend, these coins could be a great investment for those looking to make a profit in the crypto space.