Browsing The Hottest Altcoins on Binance

Amidst a marked slowdown in the market following BTC’s decline into bear territory, attention is being turned to altcoins. Today, we take a look at the altcoins that are trending in searches on Binance (the world’s largest exchange by trading volume) today.

Altcoins in the Spotlight

The following comes from an analysis of the most searched altcoins on Binance released by crypto data platform CryptoDiffer. It is interesting to note that according to their data, BNB has a 23 % trading volume dominance on Binance. Second comes the currently king of this hill, Bitcoin (BTC), and third is Ethereum (ETH) with its 21 % share in trading volume.

Solana (SOL), Avalanche (AVAX), Dogecoin (DOGE) and Streamr (DATA) will appear in their current positions, followed by Polygon IRA Tokensense Fusionist 1000 SAT Ordi Cosmos Link Sei Tron.

Altcoin Market’s Current State

After its recent climb, bitcoin has cooled off to the US $ 4060 level. The alt coin market also seems in a period of balance without any clear trend as upward momentum moderates. However, the soaring of bitcoin over US $ 43,000 has also given encouragement to some altcoins.

The leader on CoinMarketCap’s list of the biggest gainers over 24 hours was Stacks (STX), which increased by itself by an impressive 20.9 %. Others such as NEAR Protocol (NEAR) and Mina (MINA), make even bigger gains during that period, with increases of 17.95 % and 12.17 %, respectively. Rounding out the top five are Hsu (SUI), up 8.85 %, and hedera (HBAR) un a roll of eight percent.

But on the other side of the ledger, daily losers in terms of percentage decline include Bonk (BONK) with a drop to 0.34 % and Sats (1OOTS), down 9 %.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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