Top Crypto Trending Today 21 September: ETH, ETC, CAKE, BTC, ETHw, SHIB, TAMA, XRP, BNB, HNT
The cryptocurrency marketplace is down again today after a modest rebound the day prior to this. Its overall cap stands at $959 billion, down by 1.6% in the past 24 hours and by 6.5% in the final seven days. The country's subdued currency is basically the end result of ongoing negative investor sentiment almost about growing interest costs, with the Federal Reserve likely to hike its base charge all over again today.
However, given how some distance down charges were driven by external macroeconomic events, a strong recovery is due sooner or later. This article looks at the top cryptocurrencies trending today, all of which are likely to move significantly higher as market conditions improve.
Top Crypto Trending Today
Ethereum (ETH)
Ethereum is down by 2.5% in the past 24 hours, at $1,328. This represents a 15% drop in a week and an 18% fall in a month.
ETH's signs show that it is at a low ebb, and will have an upward thrust once more soon enough. Its RSI (crimson) has fallen below 40, and its 30-day transferring common (red) is sinking under its 200-day (blue). Therefore, from a simple technical perspective, it is due for a rebound.
ETH is likewise due a rebound for fundamental motives, with the hit from Merge meaning it's now deflationary. However, this could definitely take time, with the absence of a huge bull rally at once following the merge, which means that a few freshmen quickly offered their positions.
XRP's chart shows great momentum. And judging by its RSI not having reached 70 yet, this momentum still has room to increase further.
Ethereum Classic (ETC)
ETC is $28.49 as of writing, representing a 3.5% drop in a day. It has also fallen by 19.5% in a week and by 16% in a month.
ETC's indicators reveal that it's on a downwards swing. This fall may take some time to play out, given that the altcoin had been rallying hard prior to the Merge.
Still, now that Ethereum Classic is one of some ultimate evidence-of-paintings coins, it is able to see long term profits. The current influx of former Ethereum miners has bolstered its network, which in flip will boost adoption ultimately, thereby increasing demand for ETC.
PancakeSwap (CAKE)
At $4.26, CAKE is down by 2% in the last 24 hours. It is, however, up by 3% in a week and 8% in a month.
CAKE's indicators are promising. Both its RSI and 30-day transferring average are rising, suggesting developing momentum and a likely breakout.
One big reason for CAKE's good performance over the past few days is that Opera has indicated the PancakeSwap exchange into its Web3 browser, something which is likely to boost its usage considerably.
Bitcoin (BTC)
BTC is down by 2.5% today, at $18,879. This represents a 6.5% dip in a week and a 12.5% drop in a month.
BTC's indicators display that it's nearing a bottom. In fact, it may have reached a bottom as recently as June, but due to macroeconomic conditions, it is poised to make a strong comeback.
Given BTC's reputation, this is only a matter of time. And it is arguable that Ethereum's shift to PoS makes BTC even more precious, as one of the remaining big -- and relaxed -- PoW coins.
Shiba Inu (SHIB)
At $0.00001046, SHIB has dropped by 4% in a day and by 13.5% in a week. It's also down by 22.5% in a month.
Shiba Inu's most current information is that it has started rolling out its long-awaited Shiba Eternity blockchain-based total card game. This is a crucial step for the cryptocurrency, in that it'll assist it flow away from its belief as a simple meme token.
Tamadoge (TAMA)
Having successfully ended its presale, TAMA is preparing for its first listings. The Ethereum-based play-to-earn metaverse platform raised more than $19 million in its sale, doing so in a matter of weeks.
Now, it will announce its first major CEX listing on Friday. From there others will follow, and while this new coin listing may introduce some volatility in the short-run, it will provide considerable liquidity and stability in the long run.
Binance Coin (BNB)
BNB has fallen to $264.72 today, a dip of 1.5% in the past 24 hours. This is a 4.5% fall in a week and a 12.5% decrease in the last 30 days.
BNB's indicators are in line with market averages, which is not surprising given that it's the native token of the market's largest exchange.
Nonetheless, because BNB will see increased usage with more trading on Binance, it's very likely to pick up again when the market as a whole picks up.