On-chain analytics platform Santiment has announced its latest train data. The leading cryptocurrency is trending among market participants in anticipation of spot Bitcoin ETF approval. ORDI gained popularity as a Bitcoin Layer 2 token. Moreover, it gained nearly 155 percent last week.
Trending cryptocurrencies: Bitcoin, ORDI, STX, LUNC, PEPE and CFX
Bitcoin price broke above the $43,000 level on Tuesday. The largest cryptocurrency by market cap gave its holders a weekly gain of 13.5%. Thus, it expanded its gains and continued its rise. The anticipation surrounding spot Bitcoin ETF approvals is one of the key catalysts fueling excitement among BTC holders. Alongside the BTC price rally, several altcoins also extended their gains. ORDI, a Bitcoin Layer-2 token, and Stacks (STX), a Layer-2 protocol, are also on the trending list. These two tokens may have been responsible for BTC’s price increase over the past two weeks.
According to Santiment data, other cryptocurrencies Terra Luna Classic (LUNC), PEPE Coin (PEPE) and Conflux Network (CFX) are among the trend tokens. ORDI and STX tokens are trending as a result of their association with Bitcoin as projects linked to BTC Layer-2, while meme coin PEPE has been trending since Binance, one of the largest cryptocurrency exchanges, recently announced that the token is accepted as collateral for loans. rally.
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— Binance (@binance) December 4, 2023
How is the price performance of trending cryptocurrencies?
Meanwhile, it should be noted that the leading cryptocurrency Bitcoin (BTC) dominates the market. The frog-themed meme coin generated approximately 40% weekly gains for its holders. The token was trading at $0.000001534 at the time of writing. Other catalysts driving gains in PEPE include the meme coin’s utility increase as Travala.com begins accepting payments. Binance burned 3.9 billion LUNC tokens. Following this, Terra Luna Classic (LUNC) trended among market participants. The exchange’s LUNC burn event resulted in a 22% gain in LUNC overnight. At the time of writing, LUNC was trading at $0.000221 on Binance. While Bitcoin price is rising, LUNC price is down approximately 9.5% in the daily time frame.
As Conflux Network owners prepare for the AWS Web3 Developer Camp event in Hong Kong on December 7, CFX has delivered a weekly gain of approximately 35% to its owners. cryptokoin.com As you follow from , CFX closed November on the rise as the project partnered with a Web3 game, a storage client, an intelligent messaging protocol, and a cryptocurrency exchange. CFX price has increased by 9% in the last 24 hours. The token was trading at $0.2116 at the time of writing.
