Over the past week, the cryptocurrency markets have experienced a slight loss of momentum. While traditional markets were volatile, the cryptocurrency was somewhat calm last week. According to the data, Bitcoin is changing hands at $19,229, up about 1 percent last week. Ethereum (ETH), the second-largest cryptocurrency, lost just over 1%. At the time of writing, it was trading at $1,300. On a weekly basis, interest in cryptocurrencies has not waned. Binance, the largest cryptocurrency exchange in terms of trading volume, continued to be the trading platform that investors turned to. In this article, we will share the “trending” altcoins on Binance according to weekly data. Here are the details…
Binance users searched for these coins the most
Cryptocurrencies started the week with a rise. However, it lost momentum towards the end of the week. Cryptocurrency trading was not as volatile as stocks and bonds. As we have reported as Kriptokoin.com, the total value of the crypto money market continues to remain below 1 trillion dollars. Also, according to the data, the Nasdaq correlation of cryptos dropped to 0.77, while the S&P 500 fell to 0.75. So overall, the correlation between stocks and Bitcoin has declined throughout the week.
Meanwhile, investors continued to trade on Binance, the largest cryptocurrency exchange in terms of trading volume. The exchange is a centralized cryptocurrency exchange founded in 2017. Also in the current situation, Binance’s 24-hour volume is at $8,855,452,712.14. On the other hand, the popularity of this trading platform does not surprise anyone, as it offers over 1,400 trading pairs. The statistics shared by Crypto Differ, which provides data on Bitcoin and altcoins, revealed 15 cryptocurrencies that are “trending” on Binance. That is, it listed the projects that users searched the most. Among them, Binance’s own cryptocurrency, Binance Coin (BNB), was in the first place.
Trading volume on Binance dominates the market for these coins
While the list includes major cryptos such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA); There were also projects that we were not accustomed to seeing, such as ERN, BETA, UFT. It is worth noting that a very large part of the trading volume of BETA, UFT and ERN in particular is dominated by Binance. As a result, the full list in order of popularity is as follows:
- BNB Coin (BNB)
- Terra Luna Classic (LUNC)
- Ethereum (ETH)
- Bitcoin (BTC)
- Ethernet Chain (ERN)
- Left (LEFT)
- TRON (TRX)
- Beta Finance (BETA)
- Shiba Inu (SHIB)
- Unilend Finance (UFT)
- Polygon (MATIC)
- Cardano (ADA)
- Cosmos (ATOM)
- Polkadot (DOT)
- Chainlink (LINK)
https://twitter.com/CryptoDiffer/status/1575779652450123777
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