As the crypto industry evolves at an unprecedented rate, staying ahead of the curve for informed decision making is imperative. With each passing day, new trends emerge that are reshaping the landscape of cryptocurrencies. In this context, we took a look at the price performance of the 3 most trending altcoin projects at the moment.
Exploding meme coin: Pepe (PEPE)
Pepe has been number one on CoinMarketCap’s trending cryptocurrencies list for several weeks now. The developers created the meme coin inspired by Matt Furie’s cartoon character ‘Pepe the Frog’. cryptocoin.comAs you follow, PEPE took the crypto community by storm with an astronomical price increase last month.
However, the price of PEPE has declined significantly since then. However, it still remains one of the most talked about cryptocurrencies at the moment. According to press time, PEPE was changing hands at $0.000001269, up 1% in the last 24 hours. Meanwhile, PEPE has lost more than 12% in the past week. Thus, it fell more than 70% compared to its all-time high of $0.00000431, which it reached on May 5. On the other hand, on a monthly basis, the price of PEPE increased by more than 5%.
PEPE 1-month price chart / Source: CoinMarketCapAltcoin that does not fall on the agenda: Ripple (XRP)
As a result of the latest trend triggered by PEPE, which led to sharp price increases in LADYS, KEKE and the like, memes have dominated the most trending cryptocurrencies list for weeks. However, XRP has recently witnessed notable price spikes triggered by the surge in network activity and minor gains in Ripple’s legal fight against the US Securities and Exchange Commission (SEC). Following these, XRP is among the top 3 crypto assets currently trending. At the time of this writing, the altcoin was trading at $0.52. It also posted an increase of more than 1.8% on the day. Over the past week, the popular altcoin has made significant gains of over 13%.
XRP 1-week price chartRecently launched and trending: Sui (SUI)
Finally, the third most trending altcoin was SUI. Also, Sui has been holding his place for several weeks. SUI is a native token developed by Sui Network, a platform launched by Mysten Labs that aims to shorten the time required to execute smart contracts and increase scalability for its decentralized applications.
It should be noted that Mysten Labs was founded by former Facebook engineers. They developed SUI to help maintain and operate the underlying Blockchain. The token is mainly used to reward the network’s validators, as well as to pay transaction and operational fees. At press time, SUI was trading at $0.94. It has also lost around 1.4% in the last 24 hours. Meanwhile, the altcoin has lost more than 4.6% in the past week and almost 80% in the month.
SUI 1-week price chartCompared to previous weeks, only PEPE remained among the most trending cryptocurrencies. This is because while other more established cryptocurrencies such as XRP are experiencing significant price increases, investor interest in meme coins has waned.
