As the crypto industry evolves at an unprecedented pace, staying ahead of the curve is imperative for informed decision-making. With every passing day, new trends emerge, reshaping the landscape of digital currencies.
By staying current and embracing a data-driven approach, individuals can seize opportunities and navigate the dynamic world of cryptocurrencies with confidence and adaptability. In that regard, Finbold conducted a price analysis of the three most-trending cryptocurrencies at the moment, as well as what attracted investors’ attention toward those assets.
As of June 2, the three most trending cryptocurrencies according to CoinMarketCap are Pepe (PEPE), XRP (XRP), and Sui (SUI).
Pepe (PEPE)
Pepe has been number one on CoinMarketCap’s list of trending cryptocurrencies for several weeks now. This meme coin, inspired by Matt Furie’s cartoon character ‘Pepe the Frog,’ took the crypto community by storm last month with its astronomical price rise.
Since then, the PEPE’s price has notably retreated, but nevertheless, it remains one of the most talked-about cryptocurrencies at the moment.
At press time, PEPE was changing hands at $0.000001269, up 1% in the past 24 hours. Over the past week, PEPE fell more than 12%, and is down more than 70% from its all-time high of $0.00000431 it reached on May 5.
On a monthly basis, PEPE’s price remains up over 5%.
XRP (XRP)
The list of most-trending cryptocurrencies has been dominated by meme coins for weeks, as a result of the recent trend triggered by PEPE that led to sharp price increases in the likes of LADYS, KEKE, and so on.
However, XRP now ranks among the top 3 trending digital assets, after the sixth-largest cryptocurrency witnessed notable price surges recently, triggered by a surge in network activity and Ripple’s small wins in its legal battle against the US Securities and Exchange Commission (SEC).
At the time of writing, XRP price was trading at $0.52, rising more than 1.8% on the day. Over the past week, the popular cryptocurrency saw significant gains of more than 13%.
Sui (SUI)
Finally, the third most-trending cryptocurrency is SUI, keeping its place for a couple of weeks now.
SUI is a native token developed by Sui Network – a platform launched by Mysten Labs that aims to cut the time needed to execute smart contracts and enhance scalability for its decentralized applications.
Founded by former Facebook engineers, Mysten Labs developed SUI to help maintain and operate the underlying blockchain, with the token mainly being used for paying transaction and operational fees, as well as for rewarding the network’s validators.
At the time of publication, the price of SUI stood at $0.94, slipping around 1.4% in the last 24 hours. The crypto token declined more than 4.6% in the past week and almost 80% in the month.
Compared to previous weeks, only PEPE retained its place among the most-trending cryptocurrencies. The reason for this is a decline in investor interest in meme coins, while other, more established cryptocurrencies like XRP, experienced considerable price increases.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
