In Binance, the world’s largest cryptocurrency exchange by daily trading volume, some altcoin projects are being specifically researched. Cryptocurrency data platform CryptoDiffer has shared a list of the top 15 cryptocurrencies based on search trends on Binance. The list includes cryptocurrencies such as Polygon (MATIC), Bitcoin (BTC), Tron (TRX). Here are the details…
Binance traders focus on MATIC and these coins
CryptoDiffer, a data platform, has shared a list of the top 15 cryptocurrencies based on search trends on Binance. The list includes some of the most popular cryptocurrencies in the market, such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), as well as some relatively new and lesser-known altcoins. The list is as follows:
- BNB (BNB)
- Arbitrum (ARB)
- Bitcoin (BTC)
- Space ID
- Ethereum (ETH)
- Tron (TRX)
- Polygon (MATIC)
- Left (LEFT)
- Dogecoin (DOGE)
- Shiba Inu (SHIB)
- Cardano (ADA)
- Mask Network (MASK)
- SingularityNET (AGIX)
- Phantom (FTM)
Among them, the cryptocurrency that dominates the others by trading volume on Binance is unsurprisingly; Bitcoin was the biggest coin. That is, the majority of trading volume in Bitcoin consisted of transactions on Binance. It’s no surprise that Bitcoin dominates the list in terms of trading volume, as it remains the most popular and widely used cryptocurrency in the world.
New coins are on the list
However, the list also includes a few altcoins that have gained popularity in recent months. Some of these appear as ARB and Space ID. cryptocoin.com As we reported, Space ID was added to Binance’s Launchpool last week. On the other hand, Arbitrum entered the markets by realizing its long-awaited airdrop. Another coin on the list is Polygon (MATIC), which made headlines with its impressive performance and potential use cases. Polygon is a layer 2 scaling solution for Ethereum that aims to make transactions faster and cheaper.
It’s worth noting that search trends on Binance are not necessarily a reflection of the broader cryptocurrency market. However, the fact that these cryptocurrencies are sought after on Binance indicates that they are garnering interest among traders and investors. Research into search trends on Binance in general provides valuable insight into the current state of the cryptocurrency market. While Bitcoin remains the dominant cryptocurrency, there are many other altcoins worth watching. This type of research once again reveals how wide the altcoin market is.
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