•Shiba Inu (SHIB) has emerged as the most trending coin of the day, with a 24-hour trading volume of $375,286,731.
•Algorand (ALGO) recently hired Matthew Commons as its first CFO to assist the company’s growth strategies.
•Bitcoin (BTC) is trading at $20,567.45 with a 24-hour trading volume of $39,567,951,903 and CryptoGPT (GPT) launched its native crypto token ‘GPT’.
Overview of Cryptocurrency Market
The cryptocurrency market is currently experiencing an increase in interest and activity. Bitcoin is trading at the price of $20,567, which increased by 3.29%. There are many new cryptocurrencies that have been released in recent weeks and months, some more popular than others. Let’s take a look at the top five trending cryptocurrencies on Twitter right now.
Shiba Inu (SHIB)
Shiba Inu (SHIB) has emerged as the most trending coin of the day with a 24-hour trading volume of $375,286,731. It is powered by non-fungible tokens (NFTs), and users can use ETH or its equivalent value in SHIB tokens to buy virtual lands there. Additionally, the soon-to-be-opened Shibarium is another eagerly awaited project within the Shiba Inu community. According to CoinMarketcap data, Shiba Inu currently trades for $0.00001034 with an increase of 2.82% during the past 24 hours.
ALGO is the native cryptocurrency of Algorand blockchain which uses proof-of-stake for smart contracts and other applications on its platform. Recently it hired Matthew Commons as its first chief financial officer (CFO). However this news had no impact on ALGO’s value which decreased by 1.62% over last 24 hours and trades for $0.1889 per coin according to CoinMarketCap data..
Bitcoin(BTC), established in 2009 by Satoshi Nakamoto continues to remain one of most popular cryptocurrencies today even though it’s falling under $21K due to Silvergate Capital closing its bank & reducing staff recently – according to reports . As per CoinMarketCap data , BTC trades for $20,567 with a 24 hour trading volume close to 40 billion dollars..