BTC Tops Trending List While ETH Slips a point
- BTC tops the list of trending cryptocurrencies over the last 24 hours.
- ETH slips to the fourth position, likely to reclaim the second position.
- CHEX and BOUNTY feature in the second and third positions, respectively.
BTC and ETH are still in the top 5 trending cryptocurrencies list on a 24-hour chart. CHEX and BOUNTY are new entrants, filling the gap between Bitcoin tokens and Ether. However, Ethereum tokens are expected to reclaim the 2nd spot if its 3-month price projection stands true.
BTC and ETH Trending in Top Five
A 24-hour list by CoinMarketCap of top trending cryptocurrencies shows BTC at the top and ETH in the 4th position. Their respective prices are $92,057.52 and $3,220.52. For a quick reference, CMC reportedly drafts the list based on the visibility and use activity on its platform. This includes activities like engagement and viewership by general users and investors.
Their positions on the list are also partly evident from 24-hour trading volume. BTC’s volume has surged by 24.05% while ETH’s volume soared by 15.05%. While the trading volume of Bitcoin tokens is $56.22 billion, Ethereum tokens are at $28.19 billion when the article is being drafted.
CHEX and BOUNTY on the List
Chintai (CHEX) ranks 2nd on the list, and Chainbounty (BOUNTY) ranks 3rd, with significant gains in their 24-hour trading volume. BOUNTY’s gain stands at 37,089.78% for over $130.25 million. The volume of CHEX, on the other hand, surged by 151.80% to $1.68 million.
The impact of being in the said position is reflected on their token values. For instance, CHEX is listed at $0.06975, up by 42.85% over the last 24 hours. Similarly, BOUNTY has surged by 90.86% to $0.04009 during the same timeline.
That said, it is important to note that positions are subject to change based on several activities. Crypto traders and investors are recommended to research and assess risk in advance.
ETH to Reclaim its Spot?
It is anticipated that ETH could reclaim the second position on the list. This is based on the 3-month projection which forecasts a maximum gain of 80.79% – taking the trading value to around $5,898.71 amid the medium volatility of approximately 3.85%. However, ETH could also reclaim the position earlier.
The closest ETH price prediction has forecast a monthly growth of 11.91% to $3,651.35. The token is testing critical support and resistance levels of $3,120.92 and $3,334.00, applicable in the same order.
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