Top Trending Coins 6th October – XRP, TAMA, IMPT, DOGE, LUNC, ATOM, SOL
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The crypto market is consolidating after a bull run in the past 24 hours. Amidst this market uptrend, the fundamentals of several digital assets continue to improve.
This article will review some of the top trending coins in the market today.
Tamadoge (TAMA)
One of the top trending coins in the market today is TAMA, the native token for Tamadoge. The value of TAMA increased 5x in the first week of its listing on centralized exchanges, like OKX. Investors can now buy Tamadoge token on the OKX DEX, which is open to worldwide users.
TAMA currently trades at $0.1144. Initially listed at $0.03, the crypto asset has been on an uptrend of over 500% in the past week and appears set for even bigger jumps.
Recent listings on the MEXC and LBank centralized exchanges will open the coin to an even broader pool of investors, many of whom will be looking forward to the launch of the Tamadoge gaming platform later this year.
TAMA is also expected to list on Coinsbit later this week.
Interested investors can participate in an AMA session with Tamadoge’s Head of Growth on October 14 to learn more about the coin and the Tamadoge project.
XRP (XRP)
Ripple (XRP) optimizes global cross-border payments, presenting a faster and cheaper alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
Currently, XRP trades at $0.4954, a jump of 10% in the past week. The digital asset is trending following Ripple Labs’s inclusion in the CB Insights 2022 Fintech50, a list of the market intelligence platform’s 250 most promising fintech companies worldwide.
Ripple Labs has also joined Web3 climate startup Thallo and several other firms to build a blockchain-based carbon credit market.
The initiative is another effort to use blockchain technology to address the global climate crisis. And as everyone continues to look for ways to reduce their carbon footprint, Ripple and Thallo – and their partners – would hope to provide an easier and more effective way for people and companies to access carbon credits.
IMPT (IMPT)
IMPT could be the right crypto for investors who want access to environmentally-responsible cryptocurrencies. The digital asset has been dubbed the greenest cryptocurrency in the market.
IMPT allows individuals and companies to purchase credits to reduce their carbon footprints. These credits are the equivalent of offsetting a ton of carbon, making them the ideal investment for people concerned about the environment. With its blockchain application and IMPT token, this platform looks to ensure increased transparency and efficiency in the carbon offsetting process.
IMPT’s presale began earlier this week, and the asset has already raised over $500,000. The crypto asset is primed to sell out before its expected end. It operates in a rapidly expanding sector poised for growth, and it has all the makings of a blue-chip coin that could easily surge 50x in the coming weeks.
Investors can learn more about IMPT by watching this video.
Dogecoin (DOGE)
Dogecoin is the market’s largest meme coin. The crypto asset has maintained its place as one of the most valuable coins in the market, and it is poised for even more growth, especially if the market can consolidate and recapture some of the lost gains.
DOGE currently trades at $0.0065, a 7.6% increase in the past week. The crypto asset might pump some more as billionaire and DOGE enthusiast Elon Musk appears poised to complete his $44 billion takeover of Twitter.
Reports have suggested that Musk might have plans for DOGE in his fight against bots and spam accounts on Twitter. This could add even more use cases for Dogecoin.
Terra Classic (LUNC)
LUNC was the main token of the Terra stablecoin ecosystem before the market crash. However, despite losing 99% of its value in April, LUNC has continued to operate.
LUNC trades at $0.0002956, an increase of 6.41% in the past week.
The digital asset appears to be among the top trending coins because of continued progress with its token burn program.
Earlier this week, Binance CEO Changpeng Zhao confirmed that the exchange had burned 1.8 million units of LUNC. The crypto exchange is expected to implement burns every Monday, meaning that the next event will occur on October 10.
Cosmos (ATOM)
ATOM is the native token for Cosmos – a blockchain protocol designed to create a broader ecosystem of complementing, interconnected blockchains. Cosmos, a self-described internet of blockchains, hopes to optimize interoperability in the space.
With a price of $12.95, ATOM is on a bull run marked by a 0.15% increase in the past 24 hours. The digital asset’s developers recently unveiled a new whitepaper at the Cosmosverse Conference in Medellin. This whitepaper outlines a new vision for the Cosmos Hub – the blockchain at the center of the Cosmos ecosystem.
The development team states that Cosmos Hub 2.0 will be the heart of the ecosystem’s interchain functionality. This means other chains in the ecosystem can use the Hub to secure their networks.
Solana (SOL)
SOL, the utility token for the Solana blockchain, is one of the trending coins today.
Trading at $33.93, SOL is on a bull run. The digital asset’s price increased by 0.89% in the past week.
SOL’s bull run hasn’t been at the level of other coins primarily because of a network outage suffered by the Solana blockchain earlier this month. However, the outage, reportedly due to a misconfigured node on the network, has since been fixed.
Conclusion
This article has reviewed the top trending coins. These assets have some impressive fundamentals and are currently very attractive. However, value-seeking investors should check out IMPT, an asset that could be pivotal in the fight against climate change.
