June 24, 2022 by Trending Crypto News : find below the five most searched cryptocurrencies of this week.
.jpg)
Image Source : Soccerise
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 24, 2022.
TOP 1 : Celsius
Celsius (CEL) is an all-in-one banking and financial services platform for cryptocurrency users.
Launched in June 2018, it offers rewards for depositing cryptocurrency, along with services such as loans and wallet-style payments.
Users of the platform receive regular payouts and interest on their holdings. Celsius’ native token, CEL, performs a variety of internal functions, including boosting user payouts if used as the payment currency.
At the time of writing, Celsius price is $1.10 USD with a 24-hour trading volume of $19,733,204 USD. Celsius is up 15.06% in the last 24 hours. The current CoinMarketCap ranking is #110, with a live market cap of $262,965,198 USD. It has a circulating supply of 238,863,520 CEL coins and a max. supply of 695,658,160 CEL coins.
TOP 2 : 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 $0.000059 USD with a 24-hour trading volume of $58,377,530 USD.Terra Classic is up 2.25% in the last 24 hours. The current CoinMarketCap ranking is #216, with a live market cap of $386,569,281 USD. It has a circulating supply of 6,552,310,043,965 LUNC coins and the max. supply is not available.
TOP 3 : BITCOIN
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
At the time of writing, Bitcoin price is $21,237.25 USD with a 24-hour trading volume of $27,067,204,571 USD. Bitcoin is up 2.81% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $405,117,467,403 USD. It has a circulating supply of 19,075,793 BTC coins and a max. supply of 21,000,000 BTC coins.
TOP 4 : SOLANA
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.
At the time of writing, Solana price is $40.41 USD with a 24-hour trading volume of $1,832,166,030 USD. Solana is up 9.17% in the last 24 hours. The current CoinMarketCap ranking is #9, with a live market cap of $13,847,250,036 USD. It has a circulating supply of 342,638,599 SOL coins and the max. supply is not available.
TOP 5 : SHIBA INU
Once upon a time, there was a very special dog. That dog was a Shiba Inu, and this dog inspired millions of people around the world to invest money into tokens with the dog’s image on it.
According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER” and is listed on their own ShibaSwap, a DEX. Shiba Inu coin was created anonymously in August 2020 under the pseudonym “Ryoshi.” Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.
This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Vitalik Buterin was long believed to be the originator of Shiba Inu, but denied such rumors on the Lex Fridman podcast on June 5, 2021.
The live Shiba Inu price today is $0.000011 USD with a 24-hour trading volume of $738,172,287 USD.Shiba Inu is up 7.23% in the last 24 hours. The current CoinMarketCap ranking is #14, with a live market cap of $5,980,511,459 USD. It has a circulating supply of 549,063,278,876,302 SHIB coins and the max. supply is not available.
