Key Takeaways
What are the trending cryptocurrencies of today?
BTC and ETH led the daily trends, while other big gainers such as CC, SPX and HBAR joined the list.
Why was the crypto market on the rise?
Most coins formed potential bottoms in the oversold area, while the biggest losers recorded single-digit figures.
The crypto market is up about one percent in the past 24 hours, with Canton [CC]Hedera [HBAR]Story protocol [IP]SPX6900 [SPX]and Telcoin [TEL] leads the gains for the top 100 cryptos.
They all posted gains of 5% and more.
The crypto market recovered from the oversold area, which also saw Bitcoin [BTC] plunge to $80,000 while Ethereum [ETH] fell below $2,650.
Most coins showed signs of potential bottoming, even though it remained under the seller’s control.
Top trending cryptocurrencies today
The most popular tokens were the usual Layer 1 tokens and the coins that were the highest risers in the last 24 hours. Solana [SOL] and Binance Coin [BNB] has filled this list of popular tokens.
Bitcoin and Ethereum are recovering
Bitcoin recovered from $80,000 to $86,000, but the bulls showed weak momentum as net volume stagnated. Net volume was 111, with peaks between November 21 and 22.
Ethereum also rose from $2,650 to $2,800, which was a change of less than one percent. Canton stayed above the $3 billion valuation with a 13% gain, followed by HBAR’s 8%.
IP, SPX and TEL all rose 7%, representing a mix of sector performance.
Source: TradingView
These altcoins were trending based on their price performance. However, BTC and ETH led the entire crypto sector due to their market capitalization.
Tokenized gold profit
Tether’s gold was also among the top trending cryptos. Tether, PAX and Matrixdock were some of the leading issuers of tokenized gold that gained popularity.
The price action had been moving sideways since November 14, bouncing between $4,027 and $4,080. Bulls were in the lead but struggled to push the price above $4,050.
Source: TradingView
The asset remains in sideways movement after entering a market dominated by cryptocurrencies.
Solana and BNB are flourishing
In terms of sentiment, Solana and BNB coins ranked the most on the CoinMarketCap list.
Official Trump [TRUMP]Jupiter Perps LP [JLP]and Fartcoin [FARTCOIN] led the Solana ecosystem, even though not all of them registered positive changes.
Source: CoinMarketCap
The BNB ecosystem had the most coins, which came from the Alpha program which saw many launches.
Planck from BNB [PLANCK] led the market up 27%, with a market cap of $5.53 million after two months of trading.
Other popular stories
Other trending stories in the current crypto market were the DeFi protocol coins. Aave protocol [AAVE]Pancake swap [CAKE]Ethena [ENA]and Curve DAO [CRV] filled this sector, as some appeared in the top 10.
Source: CoinMarketCap
The memecoin sector was represented by SPX. The memecoin rose 7%, but others in this sector underperformed.