CoinMarketCap website announced the list of 5 most popular cryptocurrencies based on user searches. Ethereum has won the first place by overtaking Shiba and Luna.
CoinMarketCap is one of the most used and popular websites for cryptocurrency users.
In this platform, you can get complete information, including the current purchase and sale price, price changes during different time periods, market value, price changes chart over time, how the project works and many other valuable information.
The CoinMarketCap website recently published a list of the 5 most popular digital currencies at the moment.
This list is prepared according to the amount of users’ searches.
List of 5 popular digital currencies in CoinMarketCap
According to a new report by the website CoinMarketCap, the market’s second-leading cryptocurrency, Ethereum, is also gaining more attention, with its popularity increasing by 10.5% and 34.7% over the past 24 hours and 30 days, respectively. In the most recent list, ETH is at the top.
Behind it, we see the GRV token, whose price has grown by 574% in the last month.
The third place belongs to the GST token, a cryptocurrency that you earn by playing the most popular crypto game of the moment, StepN.
Luna Classic (LUNC) and Bitcoin (BTC) are in fourth and fifth place, respectively.
5 Popular Cryptocurrencies
What is the reason for the growth of Ethereum network currency?
A few weeks ago, after 6 years, the final date of the major update of the Ethereum digital currency network was announced;
The largest platform for creating smart contracts and decentralized applications is going to change its consensus mechanism from proof-of-work to proof-of-stake in a major and fundamental change.
After this, Ethereum may even remain CoinMarketCap’s most popular digital currency for a long time;
According to the prediction of many experts, Ethereum will take over the position of Bitcoin after a major upgrade to the PoS system.
Examining the behavior of whales shows that hope for the bright future of the Ethereum platform has made them continue to buy ETH despite the downward trend of the market.
Thanks to their support, the price of Ethereum rose from around $1,100 to even above $1,700 in less than a month.
ETH price changes over the last month
Keep in mind that the presence of important coins in CoinMarketCap’s list of 5 popular digital currencies has a positive effect on the entire market.
According to Finbold’s recent report, the growth of Bitcoin and Ethereum in recent weeks has played an important role in the return of the crypto market cap to over $1 trillion.
Luna is no longer the most popular cryptocurrency on CoinMarketCap
A week ago, surprisingly, Luna Classic Cryptocurrency (LUNC) topped CoinMarketCap’s Top 5 Most Popular Cryptocurrencies.
Meanwhile, the mentioned cryptocurrency belongs to a completely dead and failed project, and its price has fallen by 99.99% in the last three months.
But for two reasons, many people are still monitoring its situation.
First, the project’s development team has made promises to bring the Terra ecosystem back to its prime, although such an event seems highly unlikely.
On the other hand, after the sharp fall of Luna (Classic) digital currency, many people bought it in the hope of making a profit after the possible price improvement, so it is natural to constantly monitor the status of this cryptocurrency.