Crypto Market Uptrend: DOGE, AVAX, LUNC and MATIC Lead the Way!
• 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).
• DOGE and AVAX are currently trading at $0.08983 and $20.37 respectively, and have seen an increase of 4.97% and 13.01% in the last 24 hours respectively.
The cryptocurrency market has seen a major downturn in the last year, with the global market cap falling below one trillion dollars. However, with new projects and updates in the blockchain sector, the market has recently seen a major uptrend, with the global market cap now reaching $1.05 trillion, up 0.80% in the last 24 hours. These positive changes in the market have allowed for some coins to start performing well, with the top trending coins of the day being Dogecoin (DOGE), Avalanche (AVAX), Terra Classic (LUNC), and Polygon (MATIC).
Dogecoin (DOGE) is a meme coin that has seen a resurgence in its popularity, with the coin currently trading at $0.08983, and having seen an increase of 4.97% in the last 24 hours. There are 132 billion Dogecoins in circulation, with a market cap of $11 billion and a 24h trading volume of $641.84 million. Dogecoin has experienced a 54.27% increase in the last 24 hours.
Avalanche (AVAX) is a blockchain project that utilizes smart contracts like Ethereum and ensures near-instant transaction completion. AVAX is ranked 14 with a price of $20.37 and an increase of 13.01% at the time of writing. With a market cap of $6 billion and a 24h trading volume of $875.50 million, there are 314 million AVAX in circulation.
Terra Classic (LUNC) is a proof-of-stake blockchain protocol that utilizes a hybrid consensus algorithm to ensure scalability and security. It is currently trading at $2.87, with a 24-hour trading volume of $3.09 million. There are 6.3 billion LUNC in circulation, with a market cap of $18 million.
Lastly, Polygon (MATIC) is a Layer 2 scaling solution that enables Ethereum-compatible applications to scale and operate faster. MATIC is currently trading at $1.44, with a 24-hour trading volume of $2.19 billion. There are 12.9 million MATIC in circulation, with a market cap of $18.6 billion.
Overall, the cryptocurrency market has seen a major uptrend in the last few days, with the global market cap now reaching $1.05 trillion, up 0.80% in the last 24 hours. This has allowed for some coins to start performing well, with the top trending coins of the day being Dogecoin (DOGE), Avalanche (AVAX), Terra Classic (LUNC), and Polygon (MATIC). All four of these coins have seen an increase in their prices, with Dogecoin and Avalanche seeing the highest percentage increase in the last 24 hours. As the market continues to grow, we can look forward to more coins performing well in the future.