June 06, 2022 by Trending Crypto News : find below the five most searched cryptocurrencies of this week.
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There are thousands of different cryptocurrencies, which can make you lost when you are first getting started in cryptocurrency world.
Thus, a number of cryptocurrencies have managed to come out on top; those crypto gems that make you want to invest.
This weekly post aims then to make you aware of the most searched cryptocurrencies. Based on researches from Coinmarketcap and another exchanges, these are the most top 5 digital currencies trending of June 06, 2022.
TOP 1 : TERRA CLASSIC LUNC
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund’s Special Drawing Rights basket of currencies — and it intends to roll out additional options.
Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token.
At the time of writing, Terra Classic price is $0.000083 USD with a 24-hour trading volume of $138,758,185 USD. Terra Classic is up 3.32% in the last 24 hours. The current CoinMarketCap ranking is #216, with a live market cap of $542,685,561 USD. It has a circulating supply of 6,542,648,647,532 LUNC coins and the max. supply is not available.
TOP 2 : OPTIMISM
Optimism is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.
Optimism is one of the biggest scaling solutions for Ethereum with over $300 million in TVL. It is home to 35 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token. The airdrop was so popular that it briefly slowed down the Optimism blockchain.
Optimism is led by the Optimism Foundation, a nonprofit organization dedicated to growing the Optimism ecosystem. Similar to Ethereum, Optimism aims to become a fully decentralized public good that is not profit-oriented. Optimism is completely funded by donations and grants, and pledges to produce infrastructure that promotes the growth and sustainability of public goods. In its roadmap, Optimism aims to have L1 governed fault proofs ready by 2024.
At the time of writing, Optimism price is $1.24 USD with a 24-hour trading volume of $229,574,110 USD. Optimism is up 1.96% in the last 24 hours. The current CoinMarketCap ranking is #2807, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
$GHC is the First Superhero Themed Film + GameFi Blockchain Project Inspired by #GalaxyHeroes
TOP 3 : PANCAKESWAP
PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.
These tokens can later be used to reclaim their share of the pool, as well as a portion of the trading fees. These LP tokens are known as FLIP. PancakeSwap also allows users to farm additional tokens such as CAKE and SYRUP. On the farm, users can deposit LP tokens and get rewarded with CAKE.
PancakeSwap allows users to trade BEP20 tokens, provide liquidity to the exchange and earn fees, stake LP tokens to earn CAKE, stake CAKE to earn more CAKE and stake CAKE to earn tokens of other projects.
At the time of writing, PancakeSwap price is $4.66 USD with a 24-hour trading volume of $170,821,638 USD. PancakeSwap is up 7.04% in the last 24 hours. The current CoinMarketCap ranking is #64, with a live market cap of $793,141,419 USD. It has a circulating supply of 170,209,862 CAKE coins and a max. supply of 750,000,000 CAKE coins.
TOP 4 : STEPN
STEPN is a self-styled “Web3 lifestyle app” with GameFi elements on the Solana blockchain. It combines aspects of a play-to-earn game with a fitness app to create a new category coined “move-to-earn.” Users buy NFT sneakers, which they can use to earn in-game currency while walking, running, or jogging.
STEPN aims to revolutionize the market of fitness applications by incentivizing millions of users to follow a healthier lifestyle. The app solves several problems like “proof of movement” – proving that users really exercised – and a functioning GPS system. Moreover, STEPN incentivizes users financially and plans to introduce social rewards elements and successfully contributes to carbon neutrality.
The application is available for Android and iOS and has gone from its inception stage to the open beta version in only five months. After its successful IDO in March 2022, STEPN plans to optimize its in-game features and launch on several other chains in the future.
STEPN was founded in August 2021 by Australian blockchain entrepreneur Yawn Rong. Mr. Rong has previously founded Crypto SA, an Australian crypto fund and pro-regulation auditor, and has served as an ambassador for Algorand and as an industry representative of the South Australian Blockchain Association. He founded STEPN with his neighbor and partner Jerry Huang, a game developer and former founder of Falafel Games.
At the time of writing, STEPN price is $1.01 USD with a 24-hour trading volume of $630,808,055 USD. STEPN is up 10.17% in the last 24 hours. The current CoinMarketCap ranking is #75, with a live market cap of $608,851,237 USD. It has a circulating supply of 600,000,000 GMT coins and a max. supply of 6,000,000,000 GMT coins.
TOP 5 : Galaxy Heroes Coin (new)
Galaxy Heroes Coin was introduced as a community-driven token geared towards fellow superhero fans. GHC is using the Binance Smart Chain as their network to provide one of the lowest gas fees possible.
Be a hero, A Galaxy Hero, If you’re interested in superheroes, you will love Galaxy Heroes Coin. The roadmap has Galaxy NFTs, full farm, NFT platforms, and a gaming app. The developer is 100% doxxed and plans to give back to his community with members that have been rugged. That is why he is dedicating 5% from NFT sales back to his community.
At the time of writing, Galaxy Heroes Coin (new) price is $1.55e-8 USD with a 24-hour trading volume of $2,289,773 USD. Galaxy Heroes Coin (new) is down 5.26% in the last 24 hours. The current CoinMarketCap ranking is #2938, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
TrendingCryptoNews June 06, 2022
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