Editor's PiCK
[Today's Globally Trending Coins] XRP, FARTCOIN, Bitcoin & More
Summary
- XRP rose in price due to the end of the SEC lawsuit and reached third place in overall market capitalization ranking.
- Bitcoin received attention from investors as it rebounded following the Fed's interest rate freeze announcement.
- Virtual assets such as FARTCOIN and KOMA are also attracting various investors' interest as they show sharp increases.
According to the Token Mindshare Top Gainers from Kaito, an AI-based Web3 search platform (Token Mindshare is a metric that quantifies the influence of specific tokens in the virtual asset market), the top 5 virtual asset-related keywords that people are showing the most interest in as of the 20th are XRP, FARTCOIN, Bitcoin (BTC), KOMA, and Ethereum (ETH).
XRP gained attention today as the U.S. Securities and Exchange Commission (SEC) withdrew its appeal filed against Ripple Labs in January. This withdrawal ends the four-year lawsuit between the SEC and Ripple Labs regarding unregistered securities sales. As a result, XRP surged, even overtaking Tether (USDT) to become the third-largest cryptocurrency by market capitalization. Currently, XRP is trading at $2.47 on CoinMarketCap, up 7.83% compared to the previous day.
FARTCOIN, a Solana-based meme coin, caught attention as its price surged dramatically in a single day. Currently, FARTCOIN is trading at $0.3821 on CoinMarketCap, up 20.9% from the previous day, with its market capitalization also increasing by 93.28% in a day to approximately $153.28 million.
Bitcoin attracted investors' attention as it rebounded after the Federal Reserve (Fed) kept interest rates unchanged today. The Fed maintained the benchmark interest rate at 4.25-4.5% and kept its forecast of two rate cuts within the year. Following this, Bitcoin rose slightly, temporarily recovering the $87,000 level. It is currently trading at $85,665.79 on CoinMarketCap, up 3.33% from the previous day.
KOMA, a meme coin project based on Binance (BNB) Chain, is presumed to have seen an increase in online mentions after being nominated for Binance's listing campaign vote. Previously, Binance announced through its official website the introduction of a community participation-based Vote to List campaign, with the first vote targeting BNB Chain-based projects. A total of 9 projects, including KOMA, BANANAS31, and Broccoli, were nominated. Meanwhile, KOMA is currently trading at $0.04613 on CoinMarketCap, up 27.99% from the previous day.
Ethereum gained attention by announcing that it will implement the Pectra upgrade on the Holesky testnet on the 27th. The Holesky testnet is the final testnet before the Pectra upgrade. If successfully applied to the Holesky testnet, the upgrade is expected to be deployed in late April to early May. Currently, Ethereum is trading at $2,019.96 on CoinMarketCap, up 4.47% from the previous day.
In addition, investors have shown interest in HYPE, PAIN, Tether, Crypto: The Game, and FOMO.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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