The cryptocurrencies market got a breather this week, with most of the crypto coins now in recovery mode and doing very. Even though the total crypto volume has dropped, the global market cap has risen. But the market appears vibrant today, and bigger surges in price are expected going forward. So what are the top cryptocurrencies like today? Here is what's happening in the market today regarding the top cryptocurrencies.
Bitgert has been doing very well in the market since last year, although the launch of the staking process in the first week of December placed the cryptocurrency on a bullish path. The year 2022 has been great for the project, and its market value has been growing fast, especially after the plunge. Bitgert is still one of the vibrant cryptocurrencies today despite dropping 2% in the last 24%.
The upcoming Brise exchange, which is launching in Q1 2022, has been one of the factors driving the current growth. But most investors are looking at the bullish growth of the coin is expected to have upon the launch of the game-changing zero gas fee blockchain. Bitgert is one of the top cryptocurrencies to watch this year. More about the project on the Bitgert website.
Centcex is one of the newest cryptocurrencies in the market, having been launched on 19th November 2022. CENX was one of the few tokens mooning during the first week of this January. Today, the cryptocurrency has gained over 6% for the last 24 hours of this writing.
The high token utility and the expected multiple products the project is developing are among the factors attracting investors. The team is already developing the Centcex exchange, a no-KYC cryptocurrency exchange, which is expected to launch soon. Read more about the project on the Centcex website.
Bitcoin has surged by more than 2% in the last 24hrs. This is good news for the market because this is one crypto coin that greatly impacts almost the entire crypto market. The rise in Bitcoin price has also increased its market value, although it is yet to regain the billion lost during the recent dip.
Bitcoin is still one of the high potent cryptocurrencies, and the predicted price for 2022 is over $100,000. The growing number of real-world businesses accepting BTC payments, the use of BTC for value storage and many other factors are expected to make the coin bullish.
Ethereum has been coming out of the dip for the last four days since the market started recovering. At the time of this writing, the Eth coin had gained over 3% in the last 24 hours, which is an impressive performance. Eth is one of the cryptocurrencies that is projected to grow this year by more than 100%.
The ongoing Ethereum 2.0 upgrade is one of the factors that will be driving the ETH's bull run in 2022. The protocol upgrade will make the network faster, cheaper, and safe. This will make Ethereum one of the best blockchains in the market. It is one of the crypto coins to watch.
Shiba Inu is one of the biggest gainers in the market today. In the last 24hrs, the coin has gained more than 11%, according to coinmarketcap.com. Shiba did so very well in 2021, and 2022 looks good for this cryptocurrency with the development going on to improve its network.
The launch of the Doggy DAO is already causing a lot of excitement, which is in one way responsible for the surging prices. The DAO is giving voting rights to the community on key issues. It has also addressed whales' manipulation. More products are coming on the Shiba Inu network. It is one of the crypto projects to watch in 2022.
Dogecoin is gained over 12% in the last 24 hrs. This is an impressive performance for the open-source digital currency. There is a lot of development happening at DOGE that is expected to improve the coin performance in 2022. Those following this coin already know that the Dogecoin Foundation got re-launched last year.
The team of advisors for the coin also changed, with Vitalik Buterin and Elon Musk coming on bond. All these are development that has attracted crypto investors, and this is why despite the market recovering, the coin is doing well. Dogecoin is one of the cryptocurrencies to watch.
Binance coin has gained over 5% in the last 24 hours. Although trading volumes have dropped by 10%, the cryptocurrency is recovering from the dip very well. BNB is one of the coins expected to do very well this year and is projected to grow by over 100%.
The Binance coin growth will be driven by the rising demand for the Binance Chain products, including the Binance exchange and the Binance Smart Chain. There are so many new Bep-20 tokens in the market for projects built on BCS. The demand will automatically increase the BNB demand and price.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.