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Top 5 Cryptocurrencies in Terms of Volume

Top 5 Cryptocurrencies in Terms of Volume

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  • The top five coins by volume are USDT, BTC, ETH, BUSD and XRP.
  • USDT’s 24-hour trading volume is $54,346,833,081.

In recent days, the global cryptocurrency market has maintained a gloomy trend. Major cryptocurrencies, including Bitcoin, constantly experience unpredictable price changes. In the falling crypto market, the leading cryptocurrencies are currently in an unstable state and their values ​​fluctuate. However, the top currencies have risen slightly in the last 24 hours.

The best coins by volume (Source: CMC)

Let’s take a look at the top 5 cryptocurrencies with the highest 24-hour volume.

Tether (USDT)

Tether (USDT) is the largest stablecoin pegged to the US dollar and is 100% Tether-backed. USDT is owned by iFinex, a Hong Kong-based platform. USDT is the third largest cryptocurrency in the global cryptocurrency market after BTC and ETH.

At the time of writing, USDT is trading at around $1.00 with a 24-hour trading volume of $54,346,833,081. Tether decreased by almost 0.01% in the last 24 hours. It also has 67,954,703,168 USDT coins in circulation according to CMC.

Bitcoin (BTC)

Bitcoin, the first successful decentralized payment system, was introduced in 2009 by the anonymous developer Satoshi Nakamoto. BTC remains at the top of a highly competitive market after more than a decade of existence. Bitcoin has a dominant position of 39.1 percent in the crypto market.

Bitcoin is currently trading at around $19,434.33 with a one day trading volume of $39,700,647,837. In the last 24 hours, BTC has gained almost 3.90%. The circulating amount of the coin is 19,158,168.00 BTC.

Ethereum (ETH)

Ether, the original currency of Ethereum, is a decentralized open source blockchain technology. In addition to serving as a platform for numerous other cryptocurrencies, ETH provides a framework for implementing decentralized smart contracts.

According to CMC, the price of Ethereum is $1,350.06 with a 24-hour trading volume of $18,663,664,370 at the time of writing. However, ETH has increased by almost 6.75% in the last 24 hours. Additionally, Ethereum has 122,486,213.50 ETH in circulation.

Binance USD (BUSD)

Binance USD is a US dollar-pegged stablecoin created by the Binance exchange in partnership with blockchain-based platform Paxos Trust.

According to CMC, the current price of BUSD coin is $1.00 with a 24-hour trading volume of $9,279,286,521. However, USDC is up almost 0.10% in the last 24 hours. Additionally, BUSD has 20,517,253,085 BUSD coins in circulation.

Ripple (XRP)

XRP is the original cryptocurrency of the XRP Ledger. Ripple, a blockchain-based payment system, introduced a public open-source blockchain known as XRPL in 2011. In the original network, XRP is used as a transaction fee and a potential form of payment and investment.

The real-time XRP price today is $0.5497 with a 24-hour trading volume of $6,364,031,542. XRP has gained almost 29.46% in the last 24 hours. The token has 49,848,747,475 XRP coins in circulation.

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