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Top Cryptocurrencies Trending Today: ETH, and BTC Down and XRP, HNT, and Binance Coin are Crowd Favorites

09/23/2022
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The entire crypto market is going through an upheaval. The positive part of this is that no one can look away from the crypto market, but the negative is that the cryptocurrencies trending today are not all doing so for the right reasons. The global crypto market capitalization stands at $908.39 billion, a nearly 2% decrease from yesterday.

Ethereum is facing a continuous downtrend after the Merge’s arrival. The same is true of its fork, ETH PoW, which is also looking to go further downtrend in the future. The good news is that it has put Ethereum Classic (ETC) back into the news. XRP has made the news because of its current battle with the Security Exchange commission. On the other hand, Bitcoin is going through the sub $20k phase once again, signaling that the lowest of this year is yet to come.

On the good news front, Pancakeswap is starting to make waves with its exchange listing, and Shiba Inu’s P2E game is finally here. Tamadoge is just a day away from declaring a CES listing, and as a result, the crypto of the blockchain it is based on – Binance Smart Chain – is also seeing significant price movement.

Let us go through these cryptocurrencies trending today and get a closer look at their price action.

Cryptocurrencies Trending Today for Less-Than-Stellar Reasons

Ethereum: Post Merge Ethereum is not looking good right now

Ethereum Merge came holding many promises. “To the $10k valuation we go,” – many said on Twitter. However, Ethereum has been on a continuous downtrend since the Merge, with no signs of letting up. The price chart some bounce, but all of them reek of desperation as these sudden uptrends are only marginal and don’t last long. Currently, it is trading at around $1.25k.

Ethereum Price

However, the current RSI indicator is below 40 – 37.87, signaling that from a technical POV, a rebound is a way. Another reason that a major bounce will happen soon is because of this token’s new, deflationary status quo. However, the deflation effects have yet to set, and we’re likely seeing a downtrend because many who had less faith in the Merge got rid of their ETH holdings rather quickly.

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ETHW: A Proof of Work hard fork of Ethereum That’s Speeding Down

Ethereum’s fork, the ETHW, is a token that’s not getting any love from the crypto crowd. Many cryptocurrency exchanges quickly stated that they wouldn’t support the new fork, and its impact is showing. The crowd is getting increasingly less interested in this cryptocurrency.

Ethereum POW

That said, some cryptocurrency exchanges are willing to give this proof-of-work Ethereum a shot. Crypto.com recently announced that it listed ETHW.

Despite that declaration, the crowd’s inclination towards this crypto is showing nothing positive. The RSI (Relative Strength Index) of this crypto is 27.14, meaning that holders are getting rid of it right now to invest in a higher-valued and more optimal ETH.

Buy ETHW

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Ethereum Classic: The Pre-Merge bull Rally has Died

Ethereum Classic saw a massive uptick as the Merge update drew close. It was partly because many Ethereum miners migrated to this blockchain in fear of becoming obsolete. For a while, this mass migration did prove great. ETC’s price saw massive bursts of upswings during the early days of September.

Ethereum Classic

However, it didn’t last long as the Merge’s arrival pushed the interest away from ETC and punched the ETC price down below $30. Although a minor bounce did happen, it was not enough, and the price is once again near $28 at the time of writing.

However, the relative strength index of this crypto now stands at 37.8 – signaling that we can expect a similar price action for ETC as ETH.

Buy ETC

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Bitcoin: Once again, below $20k

A few days ago, we talked about how Bitcoin has persisted in staying above the $21k mark. It gave us hope this cryptocurrency will soon punch up and bring good news to the crypto market. As it stands, cryptocurrency is still volatile as ever. And the current price has many worried because it has not gotten farther away from its $20k resistance since September 18th. While there are some spikes in the BTC price action, the value still hovers around $19k – and more often below it.

Bitcoin Price

At the time of writing, BTC is selling at around $18.5 k – far lower than the 100k valuation many market “experts” gave this crypto at the beginning of this year.

Despite this bad news, the technical indicators say an uptrend is coming. The RSI currently stands at 38.32 – closer to 30. You can expect an alert that Bitcoin is above 20k once again.  

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Cryptocurrencies Trending Today for positive Reasons

Ripple: XRP’s battle with SEC has Unintentionally Spiked the Interest in Crypto

XRP is currently trading at $0.42. Its price gradually increased in the past week, increasing from $0.32 on September 17th. This 20% weekly increase establishes a great momentum for this cryptocurrency – but will the price keep going up?

The current price action is largely due to the battle between XRP and the Security Exchange Commission. The latter intends to mark XRP as a security. In response, Ripple has said that XRP holders are given no value. Whatever the current state of this battle is, the curtain is dropping soon as the day of final judgment is getting closer.

Buy XRP

The current RSI is dangerously close to 70 – signaling that the token is close to getting overbought. That means a sudden correction may come soon, but that’s strictly from a technical point of view.

Buy XRP

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PancakeSwap: The Exchange is now Part of Opera’s Web 3 browser

Another cryptocurrency that is in the news for positive reasons is PancakeSwap. Opera has recently added PancakeSwap to its Web3 browser as an extension – making it easier for interested parties to buy crypto on this DEX.

The native crypto of PancakeSwap – CAKE – is currently trading at $4.28, 29% higher than it sold a week ago.

Buy CAKE

And the RSI performance Cake also doesn’t look too shabby. An increasing momentum might be on the way for this cryptocurrency.

Buy CAKE

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Shiba Inu: Old Memecoin is finally out with its P2E game

Memecoins are now following a more “utility-based” path in response to the bear market. Dogecoin foundation is working towards a better ecosystem to make DOGE more viable crypto. Then there is Shiba Inu, a cryptocurrency that recently released its P2E game after a long time.

Shiba Inu is trading at $0.000011 at the time of writing. Despite the low price, SHIB still ranks 14 on CoinMarketCap by market capitalization.

Buy Shiba Inu

Although the above RSI indicates that there is a bit of an overselling right now, the game’s performance will be something to see.

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Tamadoge: A P2E Memecoin getting ready for CEX listing

Tamadoge is one of the biggest and the most successful crypto presales this year, meeting its presale target before the end of Q3 of this year. Many who waited till the last phase of the presale were disappointed because an ETH whale snagged 55.8ETH worth of Tamadoge as soon as the presale reached the 9th stage.

Buy Tamadoge

Tamadoge is a P2E ecosystem powered by TAMA tokens and Tamadoge Pets. Tamadoge Pets are NFTs that players would be able to own, raise and put to battle in a PVE environment. The game is going to reward players based on their skills.

Now that the presale has ended, an announcement of the CEX listing is on the way. Interested parties who couldn’t make a buy during the presale still have a chance to grab this memecoin which has 10x to 50x potential, according to CNBC.

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Helium: A Shift to Solana Blockchain has resurrected this crypto

Helium recently left behind its own blockchain for Solana, a move that surprised most of the crypto crowd but was understandable. The new status quo makes the Helium network ripe for growth.

Buy Helium

HNT has followed a declining trend since the end of June 2022, instilling fear among crypto enthusiasts. The recent transition to Solana allowed HNT to establish a bullish engulfing pattern, and its price is now stable.

Another reason behind the token’s stability is Helium’s partnership with T-Mobile. This new development will likely attract more HNT buyers.

Buy Helium

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Binance Coin (BNB):

The introduction of new gaming ecosystems, such as Battle Infinity on the Binance blockchain, has positively impacted Binance Coin. The token is currently trading near $265.

Buy Binance Coin

Binance coin has faired relatively well during the crypto bear market with the introduction of more Fan tokens on its platform. Currently, it is trading in line with its moving average.

Buy BNB

Your capital is at risk.

Cryptos are Still Reeling from the Crypto Winter

The current trend suggests the crypto winter is far from over. However, the positive lies with more crypto assets putting forth better use cases in the blockchain space that would likely increase the adoption rate.

Read More

Tamadoge – Play to Earn Meme Coin

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • Presale Raised $19 Million in Under Two Months
  • Upcoming ICO on OKX Exchange

Tamadoge logo


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Source: https://insidebitcoins.com/news/top-cryptocurrencies-trending-today-eth-and-btc-down-and-xrp-hnt-and-binance-coin-are-crowd-favorites