Digital Currencies Gaining Popularity
Let`s see our review of trending cryptocurrencies. The cryptocurrency space has been in a recovery mode over the past few months. However, unlike the past, there seems to be a divergence as Bitcoin is spearheading recovery, outperforming liquid altcoins and cementing its position as market leader. There are several reasons but aside from regulators’ involvement, it is the shifting sentiment and view of cryptocurrencies that is increasing investment.
Top Trending Cryptocurrencies
The world’s leading cryptocurrency making the list shouldn’t be a surprise. Bitcoin has been performing excellently since the start of April and is slowly closing in on the $7,000 mark. There has been a remarkable increase in Bitcoin trend since the beginning of the year.
According to data from Google trends, Bitcoin’s search engine results imrove since the start of 2019. Earlier this year, Bitcoin trend was just 61, but it has gone up to 71. Several reasons could lead to an increase in interest Bitcoin is currently enjoying.
Bitcoin is receiving more regulatory attention from governments all over the world, and this could be one of the reasons why more people are developing an interest in it.
The privacy-focused cryptocurrency has been gaining a lot of attention over the past few weeks. Currently, the XMR price is up by roughly 7 percent over the last 24 hours. The attention the cryptocurrency is receiving could be due to its recent birthday.
Last month, Monero celebrated its fifth birthday, and the cryptocurrency community was excited about this due to its status as one of the leading privacy-focused cryptocurrency. Recently, Monero partnered with the Xbox gaming team and will become the first cryptocurrency to be used as a payment option for gaming on the console. If you are a Fortnite fan, then you could use Monero to pay for the game. This is a pretty big deal considering the influence of Xbox in the gaming community.
IOTA is a blockless digital asset that is currently on a great run. The Internet of Things (IoT) based cryptocurrency has a deal with Jaguar. In their partnership, Jaguar would pay Land Rover drivers IOTA coins for reporting live traffic details such as traffic conditions, potholes, and many more.
The partnership is a huge as it takes IOTA a step closer towards its objective of being digital asset of choice in the burgeoning IoT space. There are also reports suggesting that IOTA would enter a similar partnership with Ford. If that happens, then IOTA would capture two of the leading automobile manufacturers in the world, which is enough reason to make it gain popularity.
Basic Attention token (BAT)
Over and above everything, cryptocurrency enthusiasts love privacy and decentralization. It is because of this that BAT is popular and a source of buzz in the last few weeks. To quantify, BAT is up by 13.5 percent against the USD in the last 24 hours at the time of press.
The popularity of this cryptocurrency most likely has to do with its implementation on the Brave Browser. The browser has become a popular choice within the space due to its privacy features and the fact that it doesn’t nag users with pop-up ads. That and the increasing awareness that traditional tech companies do exploit them harvesting their data without their consent. That they will shift to crypto and BAT powering the Brave browser will be on demand.
Augur is one of the most popular projects hosted on the Ethereum blockchain. The prediction market platform is seeing its token (REP) record excellent gains over the past few weeks. The popularity of this blockchain has been increasing ever since it announced the launch of Augur version 2, bringing significant updates to the betting ecosystem.
In addition to that, CoinBase announced support for REP. CoinBase now allows users to buy, sell, convert, send, receive, or store REP on its platform. With the “CoinBase Effect”, REP is on an upward trajectory and that is lifting the asset’s popularity.
Is Verge (XVG) is one of the trending cryptocurrencies?
At the time of press, the asset is up eight percent but its volatility has been low for sometimes. If anything, the biggest deal for Verge was its partnership with Pornhub. The collaboration could see the cryptocurrency gain massive adoption. However, reports are suggesting that the development team is looking to enter similar partnerships soon. The stories have seen people take more interest in the cryptocurrency as its value could potential sky-rocket when Verge announces those deals.
The blockchain platform, Stratis, has been gaining popularity since April after the team revealed that it had updated its roadmap. The new roadmap would see the expansion of its token sale platform to support STOs.
Security token offerings (STOs) have become a significant fundraising method in the crypto space recently. Thus, Stratis supporting them on its platform is a big deal. While the team believes ICOs still have a market, they see STO as being the future of fundraising in the crypto space and a way to move the industry forward.
Now Stratis is one of the trending cryptocurrencies and they are also working on adding more features to its platform, making it an exciting project to keep an eye on.
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