Top 3 Trending Cryptocurrencies of the Day

As Bitcoin’s (BTC) price climbed up above $50,000 for the first time in three months, it also pushed some altcoins up. Moreover, among these altcoins, three are trending in the crypto community. Precisely, the three coins are Binance (BNB), Cardano (ADA), and SafeMoon (SAFEMOON).

Let us look at these top 3 trending cryptos that caught the crypto community’s attention, according to CoinMarketCap.

Top 3 Trending Cryptocurrencies

Binance (BNB)

One of the biggest crypto exchanges globally is also catching investors’ attention. Not only with its technology and its platform but also with its native token (BNB). For instance, Binance (BNB) surged by over 5.98% in the last 24 hours. This means the token has a 24-hour trading volume of $2,482,078,184. At press time, BNB is trading at $481.34, according to CoinMarketCap.

Cardano (ADA)

Cardano’s (ADA) presence in the top 3 trending cryptos of the day is not surprising at all. ADA, the native crypto powering Charles Hoskinson’s public blockchain, has hit a fresh all-time high of $2.82, surpassing Binance’s native token in total market cap.

Also Read: Cardano Price Prediction

In addition, this could be the result of the upcoming Alonzo upgrade. The upgrade seems to have a huge impact on investor sentiment as Cardano seeks to usher in smart-contract functionality and address critics.

SafeMoon (SAFEMOON)

The decentralized finance (DeFi) token is on fire among crypto investors in the last 24 hours. SafeMoon (SAFEMOON) jumped 27.32% by over 17% on August 22. This surge attracted many traders to eye the cryptocurrency.

Based on the website, SafeMoon protocol is a mixture of RFI tokenomics and an auto-liquidity generating protocol. At the time of writing, SAFEMOON is trading at $0.000001942 with a 24-hour trading volume of $17,682,676.