In the rapidly evolving world of cryptocurrencies, staying updated on the latest trends is crucial to make informed decisions. No worries, here you can get all the top trends.
To help you navigate this dynamic industry, Finbold has conducted a price analysis of the three most trending cryptocurrencies in June 2023, shedding light on the factors attracting investors to these assets. Let’s go through the Top Cryptocurrencies to invest in.
1. Pepe (PEPE)
Pepe, a meme coin inspired by the popular cartoon character ‘Pepe the Frog,’ has consistently topped the trending cryptocurrencies on CoinMarketCap. It gained significant attention last month with its remarkable price surge. While the price has retraced since then, Pepe remains a hot topic in the crypto community.
Currently trading at $0.000001269, Pepe has experienced a 1% increase in the past 24 hours. Despite a recent decline of over 12% in the past week and being down by more than 70% from its all-time high of $0.00000431, Pepe’s price is still up by over 5% monthly.
2. XRP (XRP)
After a period dominated by meme coins, XRP has appeared as one of the top 3 trending cryptocurrencies. The sixth-largest cryptocurrency witnessed notable price surges driven by increased network activity and favourable legal outcomes in Ripple’s battle against the US Securities and Exchange Commission (SEC).
Currently trading at $0.52, XRP has experienced a 1.8% increase in the past day and significant gains of over 13% in the past week.
Must read: Good Investment Today.
3. Sui (SUI)
Sui, developed by Mysten Labs, is the third most-trending cryptocurrency, maintaining its position for several weeks. Sui is a platform that enhances smart contract execution speed and scalability for decentralized applications.
With former Facebook engineers behind its development, Sui is primarily used for paying transaction fees, operational fees, and rewarding network validators. Currently priced at $0.94, Sui has seen a slight 1.4% decrease in the past 24 hours, more than 4.6% in the past week, and a significant 80% decline in the past month.
Conclusion
While only Pepe retained its position among the top trending cryptocurrencies, there has been a shift in investor interest from meme coins to more established cryptocurrencies like XRP, which has experienced considerable price increases.
