Daily Crypto Market Report: Investors React to News of Regulation and Adoption (2024)

As the cryptocurrency market continues to gain momentum, the trading volume of various digital assets continues to fluctuate. Here are the twenty most traded cryptocurrencies of the day:

1. Bitcoin (BTC)

Bitcoin remains the most traded cryptocurrency, with a market dominance of over 40%. Its trading volume is consistently high, making it a popular choice among traders and investors.

2. Ethereum (ETH)

Ethereum is the second most traded cryptocurrency, known for its smart contract capabilities and decentralized applications. Its trading volume has been on the rise, reflecting its growing adoption.

3. Binance Coin (BNB)

Binance Coin, the native cryptocurrency of the Binance exchange, has seen an increase in trading volume. Its utility within the Binance ecosystem has contributed to its popularity.

4. Cardano (ADA)

Cardano, known for its scientific approach to blockchain technology, has seen a surge in trading volume. Its focus on scalability and sustainability has garnered attention from the crypto community.

5. Ripple (XRP)

Ripple, with its focus on facilitating cross-border payments, has remained a popular choice for traders. Its trading volume has seen fluctuations, reflecting market sentiment.

6. Dogecoin (DOGE)

Dogecoin, originally created as a meme, has become a hot topic in the cryptocurrency space. Its trading volume has experienced significant volatility, driven by social media trends.

7. Polkadot (DOT)

Polkadot, aiming to enable different blockchains to transfer messages and value in a trust-free fashion, has seen an increase in trading volume. Its interoperability solutions have attracted interest from traders.

8. Chainlink (LINK)

Chainlink, known for its decentralized oracle network, has maintained a consistent trading volume. Its ability to connect smart contracts with real-world data has contributed to its trading activity.

9. Litecoin (LTC)

Litecoin, often referred to as the silver to Bitcoin’s gold, has seen moderate trading volume. Its focus on fast and low-cost transactions continues to appeal to traders.

10. Uniswap (UNI)

Uniswap, a decentralized exchange protocol, has seen a surge in trading volume. Its automated liquidity provision has attracted traders seeking decentralized trading solutions.

11. Bitcoin Cash (BCH)

Bitcoin Cash, a fork of Bitcoin, has seen fluctuating trading volume. Its focus on enabling fast and cheap transactions has influenced its trading activity.

12. Stellar (XLM)

Stellar, aiming to facilitate cross-asset transfers of value, has seen moderate trading volume. Its focus on financial inclusion has garnered attention from traders.

13. VeChain (VET)

VeChain, known for its enterprise-focused blockchain platform, has experienced a surge in trading volume. Its solutions for supply chain management and anti-counterfeiting have attracted interest from traders.

14. Solana (SOL)

Solana, a high-performance blockchain platform, has seen an increase in trading volume. Its fast and low-cost transactions have resonated with traders seeking efficient blockchain solutions.

15. EOS (EOS)

EOS, known for its scalability and user-friendly experience, has maintained a consistent trading volume. Its focus on enabling decentralized applications has influenced its trading activity.

16. Theta Network (THETA)

Theta Network, a decentralized video delivery network, has seen a surge in trading volume. Its solutions for video streaming and esports have garnered attention from traders.

17. TRON (TRX)

TRON, aiming to create a decentralized internet, has experienced fluctuating trading volume. Its focus on content sharing and entertainment has influenced its trading activity.

18. Aave (AAVE)

Aave, a decentralized finance (DeFi) protocol, has seen an increase in trading volume. Its solutions for lending and borrowing digital assets have attracted interest from traders.

19. Monero (XMR)

Monero, known for its privacy-focused cryptocurrency, has maintained a consistent trading volume. Its emphasis on anonymous transactions has resonated with traders seeking financial privacy.

20. Kusama (KSM)

Kusama, an experimental blockchain platform, has seen moderate trading volume. Its focus on innovation and flexibility has influenced its trading activity.

List of the Top 50 Trending Cryptocurrencies of the Day

Here is the complete list of the top 50 trending cryptocurrencies of the day:

1. Bitcoin (BTC)
2. Ethereum (ETH)
3. Binance Coin (BNB)
4. Cardano (ADA)
5. Ripple (XRP)
6. Dogecoin (DOGE)
7. Polkadot (DOT)
8. Chainlink (LINK)
9. Litecoin (LTC)
10. Uniswap (UNI)
11. Bitcoin Cash (BCH)
12. Stellar (XLM)
13. VeChain (VET)
14. Solana (SOL)
15. EOS (EOS)
16. Theta Network (THETA)
17. TRON (TRX)
18. Aave (AAVE)
19. Monero (XMR)
20. Kusama (KSM)
21. Neo (NEO)
22. Tezos (XTZ)
23. Filecoin (FIL)
24. Maker (MKR)
25. Ethereum Classic (ETC)
26. Terra (LUNA)
27. IOTA (MIOTA)
28. Dash (DASH)
29. Compound (COMP)
30. Algorand (ALGO)
31. Cosmos (ATOM)
32. The Graph (GRT)
33. Zcash (ZEC)
34. NEM (XEM)
35. Ontology (ONT)
36. SushiSwap (SUSHI)
37. Basic Attention Token (BAT)
38. Decred (DCR)
39. Qtum (QTUM)
40. Waves (WAVES)
41. Ravencoin (RVN)
42. Dogecoin (DOGE)
43. Nexo (NEXO)
44. 0x (ZRX)
45. yearn.finance (YFI)
46. Ren (REN)
47. Ontology Gas (ONG)
48. Zilliqa (ZIL)
49. HedgeTrade (HEDG)
50. Ocean Protocol (OCEAN)

It’s important to note that the trading volume and trendiness of cryptocurrencies can change rapidly, so it’s essential for traders and investors to stay informed and monitor market developments closely.

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Daily Crypto Market Report: Investors React to News of Regulation and Adoption (2024)

FAQs

Which crypto will boom in 2024? ›

Top 10 Cryptos in 2024
CoinMarket CapitalizationCurrent Price
Ethereum (ETH)$360 billion$3000
Binance Coin (BNB)$85 billion$581
Solana (SOL)$65 billion$146
Ripple (XRP)$28 billion$0.5
6 more rows
5 days ago

How is the crypto market doing today? ›

The global cryptocurrency market cap today is $2.37 Trillion, a +0.33% change in the last 24 hours.

Which country has the highest crypto owners? ›

The United Arab Emirates (UAE) has the highest rate of crypto ownership, with a third of the population holding crypto currencies, around three million owners.

Who is controlling the crypto market? ›

Cryptocurrencies are usually not issued or controlled by any government or other central authority. They're managed by peer-to-peer networks of computers running free, open-source software. Generally, anyone who wants to participate is able to.

Which crypto will boom in 2026? ›

Here are three cryptos with tenfold growth potential by 2026.
  • Ethereum (ETH-USD) Source: shutterstock.com/BT Side. ...
  • Bitcoin (BTC-USD) Source: Sittipong Phokawattana / Shutterstock.com. ...
  • Solana (SOL-USD) Source: Postmodern Studio / Shutterstock.com.
Mar 5, 2024

How much will 1 Ethereum be worth in 2030? ›

Ethereum (ETH) Price Prediction 2030
YearPrice
2025$ 3,016.60
2026$ 3,167.43
2027$ 3,325.80
2030$ 3,850.03
1 more row

Why is the crypto market going crazy today? ›

The recent gains in the crypto market, including today's performance, are part of typical consolidation trends observed immediately after Bitcoin's halvings. Investors and market watchers anticipate a potential increase post-2024 halving based on past patterns.

Which crypto is best to invest now? ›

  1. Bitcoin (BTC) Bitcoin (BTC) remains a compelling choice for investors in May 2024 due to its fundamental strength, technical innovation, and favorable macroeconomic climate. ...
  2. Ethereum (ETH) ...
  3. Solana (SOL) ...
  4. Avalanche (AVAX) ...
  5. Tron (TRX) ...
  6. Cardano (ADA) ...
  7. Polkadot (DOT) ...
  8. Chainlink (LINK)
6 days ago

Why crypto market is going so down? ›

A number of negative stories and threats of further regulation contributed to bitcoin's collapse in 2022. These included: November 2022 cryptocurrency exchange FTX went bust. June 2022, Celsius Network, a major US cryptocurrency lending company, froze withdrawals and transfers, citing “extreme” conditions.

Who owns 90% of Bitcoin? ›

As of March 2023, the top 1% of Bitcoin addresses hold over 90% of the total Bitcoin supply, according to Bitinfocharts.

How many Americans own crypto? ›

Cryptocurrency awareness and ownership rates have increased to record levels: 40% of American adults now own crypto, up from 30% in 2023. This could be as many as 93 million people. Among current crypto owners, around 63% hope to obtain more cryptocurrency over the next year.

How much crypto does the average person have? ›

Crypto holdings for most individuals are relatively small—as median flows equal less than one week's worth of take-home pay—but almost 15 percent of users have net transfers of over one month's worth of pay to crypto accounts.

Who regulates crypto in the US? ›

At the federal level, the following bodies are responsible for making the required cryptocurrency regulation in the US – the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the Federal Trade Commission (FTC), the Treasury Department, through the Internal Revenue Service (IRS), ...

Are crypto markets manipulated? ›

Blockchain data analysis is used to find detailed behavior of the manipulators. Price bubble analysis is used to investigate the relation between price fluctuation and manipulators' behavior. By using the three analyses, we show that market manipulation exists on Bitcoin, Ethereum, and Dogecoin.

What are whales buying in crypto? ›

Whales can gradually accumulate Bitcoin by making calculated purchases at low prices or during market downturns. Over time, they increase their holdings of Bitcoin by taking advantage of opportunities to buy large volumes of Bitcoin at advantageous prices.

What is the next big meme coin in 2024? ›

Sealana ($SEAL) emerges as a top meme coin in 2024, with potential for significant growth. Investors can participate in the presale by sending $SOL to the project wallet or using the over-the-counter widget on the Sealana website.

Which meme coin will explode in 2024? ›

Sealana ($SEAL), Solana's latest animal-themed meme coin, is making a buzz in the crypto market, showing its exploding potential. Inspired by the “Gamer Guy” from “South Park,” Sealana aims to reshape the traditional American dream, emerging as a funny seal character deeply engaged in the crypto world.

Which crypto gives the highest return? ›

Which crypto is most profitable? Bitcoin and Ethereum have historically been among the most profitable cryptocurrencies due to their widespread adoption and market dominance. However, profitability can change due to various factors, including market trends and new innovative projects.

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