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TOP 5 Trending Cryptos of this week : May 30

May 30, 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 May 30, 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 $0.000095 USD with a 24-hour trading volume of $315,650,173 USD. Terra Classic is down 17.14% in the last 24 hours. The current CoinMarketCap ranking is #214, with a live market cap of $618,808,848 USD. It has a circulating supply of 6,540,099,836,540 LUNC coins and the max. supply is not available.

TOP 2 : GREEN SATOSHI TOKEN

Green Satoshi Token (GST) is the game token of STEPN — a Web 3.0 lifestyle app with in-built fun social elements and gamification design. STEPN is the first move-to-earn NFT game where players earn GST tokens by walking, jogging and running outdoors while wearing NFT Sneakers. GST tokens can also be used to level up and mint new Sneakers, and players can sell/rent their NFT sneakers on the app Marketplace.

The goal of the project is to encourage the world’s population to lead a healthy and active lifestyle, as well as to acquaint people with the concept of Web 3.0. The STEPN platform is originally powered by Solana (SOL) and uses a dual-token mechanism where Green Satoshi Token (GST) is the currency in the game and Green Metaverse Token (GMT) is the governance token.

To become a part of the community, a user first downloads the STEPN mobile app, registers an account and creates a wallet. The user then deposits SOL tokens to the built-in STEPN wallet, goes to the in-app Marketplace, buys NFT Sneakers and waits 24 hours for “energy” replenishment (energy is time user workouts, in minutes, the indicator recovers at a rate of 25% every 6 hours).

At the time of writing, Green Satoshi Token (SOL) price is $0.946036 USD with a 24-hour trading volume of $29,583,507 USD. Green Satoshi Token (SOL) is down 17.81% in the last 24 hours. The current CoinMarketCap ranking is #359, with a live market cap of $64,741,337 USD. It has a circulating supply of 68,434,302 GST coins and the max. supply is not available.

TOP 3 : SPICE TRADE

The core thesis of the Spice Trade protocol is that there is a massive need for a decentralized, on-chain, open-source, value-stable, scalable, modular, cross-chain, and capital-efficient system for global trade. Such a system should have deep, long-term, and protocol-owned liquidity to reduce friction and maintain tight pegs. 

The first step in building such a system is to re-think ‘money’ to be (1) on-chain and decentralized, (2) value-stable, (3) scalable, (4) modular, (5) open-source, (6) capital-efficient, (7) cross-chain, and (8) have protocol-owned liquidity based on a starfish topology. Spice Trade is the first protocol to encapsulate all of these principles into a suite of value-stable products.

At the time of writing, Spice Trade price is $0.105344 USD with a 24-hour trading volume of $8,482,532 USD. Spice Trade is up 2.83% in the last 24 hours. The current CoinMarketCap ranking is #2846, with a live market cap of not available. The circulating supply is not available and a max. supply of 14,083,344 SPICE coins.

TOP 4 : AXIE INFINITY

Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players.

Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies.

These Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant and reptile parts. Parts from each type class come in four different rarity scales: common, rare, ultra rare and legendary — and Axies can have any combination of body parts, making them highly variable and often rare and unique.

Each Axie is a non-fungible token (NFT) with different attributes and strengths and can be entered into 3v3 battles, with the winning team earning more experience (exp) points that are used to level up an Axie’s stats or evolve their body parts. These Axies can be bred together to produce new and unique offspring, which can be used or sold on the Axie marketplace.

At the time of writing,  Axie Infinity price is $21.65 USD with a 24-hour trading volume of $346,302,370 USD.  Axie Infinity is down 9.79% in the last 24 hours. The current CoinMarketCap ranking is #44, with a live market cap of $1,318,466,214 USD. It has a circulating supply of 60,907,500 AXS coins and a max. supply of 270,000,000 AXS coins.

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.

Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS) and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.

At the time of writing, Shiba Inu price is $0.000011 USD with a 24-hour trading volume of $378,238,030 USD.  Shiba Inu is down 5.74% in the last 24 hours. The current CoinMarketCap ranking is #16, with a live market cap of $6,096,438,582 USD. It has a circulating supply of 549,063,278,876,302 SHIB coins and the max. supply is not available.

TrendingCryptoNews May 30, 2022

TrendingCryptoNews aims to share the latest, trending, freakiest news about Blockchain, Bitcoin, Altcoins, Cryptocurrency, NFTs and Metaverse.

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