Top Trending Crypto Coins Now

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Last Updated October 31st 2022
5 Min Read

Top 5 Trending Crypto Coins Now - Our Picks

Looking for the trending crypto to invest in? Have a look at our top picks. 

  • MATIC - The crypto with impressive projects and collaborations. 
  • NEO - The network that’s stronger than ever with new developments and adoptions. 
  • ETH - A robust crypto network with a current worldwide ranking of #2. 
  • ENS - The Ethereum-backed crypto service that facilitates alphanumeric-code wallet conversion. 
  • AAVE - A trendy crypto platform for lenders and borrowers. 

 

A Closer Look Into The Top Trending Crypto Coins Right Now

Polygon (MATIC)

MATIC is the native token of the crypto platform Polygon. On Polygon’s network, the MATIC tokens carry out various functions like covering, securing, and managing transaction fees. The platform has attracted more attention recently due to its expansion of partnerships with the network now featured in the NFT market as well. 

In October alone, Polygon Studios announced their collaboration with an e-sports platform. It would further aid the network's efforts to dive into the esports market and other initiatives targeted to increase interest in NFTs. 

These actions can help the platform and crypto garner more traction and invite more customers/investors to Polygon's NFTs. MATIC (USD) currently trades at around $0.9, thus, producing over $500 million daily trading volume. 

By now, Polygon has increased by around 6%, with a current ranking of #11. Additionally, it has a market cap of over $7 billion. This makes MATIC one of the most top trending crypto coins now. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Neo (NEO) 

Neo prides itself as another rapidly evolving and growing ecosystem that can set the groundwork for a fresh ecosystem based on identities, payments, and digital assets. One distinct selling point of Neo blockchain is the ongoing development that ensures a future-proofed ability to handle surges in demand. 

Moreover, the platform has launched Neo 3.0, a development facilitated by Neo as part of their project to enhance network security while processing increased TPS (transactions per second). N3 is now the most feature-rich and capable development within the Neo blockchain. 

The launch of N3 further impacted NEO's successful resurgence and migration. Another reason for this crypto’s rise is the development and launch of several NFT projects on N3. This launch of NFT is further accompanied by the presence of several DeFi N3 protocols. 

On October 25th alone, the crypto garnered a $104 million trade volume and was trading around the $8 price point in just 24-hrs. NEO currently stands at the #68 position securing a $589 million market cap. Additionally, it has a maximum quantity of 100,000,000 with over 70,000,000 NEO coins supply circulation. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ethereum (ETH)

Ether currently ranks second in the most valuable crypto. It is an essential component of the Ethereum decentralized open-source blockchain platform. Ether is utilized to conduct decentralized smart contracts along with other cryptocurrencies. Although Ether faced criticism in terms of the platform's utilization of energy within the industry, Ethereum tackled the issue by finally implementing a huge network update. 

This is an update that can fundamentally change the way blockchain secures its network, generates new cryptos and validates transactions. This p-o-s mechanism has minimized the network's energy use by over 99%. 

Furthermore, ETHs' ability to adjust to growing demand is seen in their recent move to Ethereum 2.0. The network’s new version represents a significant step forward concerning speed and scalability. Thus, allowing increased TPS than before while also reducing the latency and fees. 

As of now, ETH operates at a price of around $1,300 with over $100 billion daily trading volume. It has also secured over $160 billion live market cap with a current ranking of #2 within the crypto market. It’s clear that Ethereum is a respected name in the crypto scene and undeniably falls under the category of top trending crypto coins now. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ethereum Name Service (ENS) 

Ethereum Name Service is an open, extendable name and decentralized system based on Ethereum's blockchain. ENS basically transforms wallet-based alphanumeric codes such as Metamask into human-readable Ethereum addresses such as john.eth. 

In the past month, Coinbase, another secure online platform, has claimed to provide ENS domains to their users that require faster transactions. Hence, it is likely that ENS will experience increased adoption and growth in the near future. 

Ethereum Naming Services has been progressing for years with finances provided by the ETH blockchain. However, despite the Ethereum blockchain, it utilizes its own crypto called ENS. Plus, users can also send and receive any crypto through the system's wallet. 

Since October, ENS has been trading at a price point of about $17 with a trading volume of over $50 million daily. It currently holds a ranking of #96, supported by over $300,000,000 live market valuation. Overall, ENS has a pretty reliable future, considering its backing from another huge crypto network such as Ethereum. Thus, making it one of the top trending crypto coins now. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Aave (AAVE)

Aave is a decentralized crypto borrowing and lending system. Lenders are able to gain profit by investing their digital assets in specially designed liquidity pools. Borrowers also utilize their crypto as a means of security in obtaining quick loans by leveraging liquidity. 

One primary driver in Aave’s market recovery and comeback is this modest improvement within the DeFi sector. Moreover, volume profiles disclosed that Aave could not be lowered anymore due to bears losing steam. 

AAVEs max supply is capped at around 16 million tokens. The current circulation of AAVE coins stands at around 14 million, with a $135 million trade volume per day. The AAVE crypto is currently priced at around $87 with a current ranking of the crypto at #43 and is backed by over $1 billion live market cap. With that, AAVE is undoubtedly one of the top trending cryptos now.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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