Cryptocurrency prices are up today! We explore the recent behind these smooth surges
2022 is still young, but the crypto market is still as vibrant as always. There are cryptocurrencies that are doing pretty well today, and we are going to look at the reason behind their current surge. These are the top crypto coin prices today:
1. Binance Coin (BNB)
Binance smart Chain or BNB coin needs no introduction if you have been in the market for a while. Binance exchange is the largest exchange in the world based on the volumes of crypto coins traded every day. Almost everyone in the crypto market is using this exchange.
The major reason for the recent rise in BNB price is the huge demand for the token as the number of users increases. The number of transactions on this cryptocurrency exchange has increased after the team launched an NFT marketplace.
The increasing number of coins listed on the exchange and the number of projects built on the BSC is also affecting this surge. All these factors combined are the driving force behind the recent price rise. BNB coin price is expected to be bullish in 2022.
2. Bitgert (BRISE)
Bitgert (BRISE) coin’s price has been bullish for the last few days, but today has seen a sharp surge. The rise is not by luck but because of the work that the team behind has put. The crypto project has incredible features attracting thousands of investors from day 1. $BRISE taking was launched in early December 2021, and the 80% APY staking reward is attracting many investors hence the price rise.
But it is the anticipation built by the upcoming that could be driving the current price surge. The team is soon launching Brise exchange, a centralized cryptocurrency exchange. But the launch of the zero gas fee Bitgert blockchain is the biggest top in the crypto market. The coin is currently trending top on all major exchanges today.
The coin is also listing on KuCoin and Gate.io soon, and the iOS wallet is also launching soon. In addition to that, the team is doxxing soon, and the project is legally registering. These are factors driving the current price surge. Visit the Bitgert website.
3. Terra (LUNA)
Terra (LUNA) prices have been on the rise since day 1 of 2022. The token value had increased by more than $8 at the tie of this writing, according to Coinmarketcap.com. The market value had also increased by more than $2 billion during the same time.
The biggest reason for the surging LUNA price is the increased attention from the crypt community. The team has developed a program that uses fiat-pegged stablecoins to protect token holders from high price fluctuation. Token holders can easily swap Luna and stable coins like the U.S. dollar, South Korean won, and Mongolian tugrik to avoid losses.
The Terra 2022 roadmap is designed to increase the project utility, and investors like it. The coin price is expected to keep rising in the coming days.
4. Polkadot (DOT)
From January 1, 2022, Polkadot coin’s price rose from $26.72 to $30.11 at the time of this writing. The DOT market value increased by more than $3 billion during this same time. The performance has been driven by the incredible performance of the Polkadot blockchains.
The team just launched the first Parachains after the successful auction. The parachain technology has been the biggest solution to the scaling issue in blockchain technology. The crypto community believes that the use of the Parachain is going to increase the value of the coin.
The application of the Parachains is also expected a trigger a breakout, which is attracting investors. However, Polkadot is one of the powerful blockchain networks, and more investors have confidence in it. This can be seen from the successful Parachain auction. Bullish DOT price is projected in 2022.
5. Avalanche (AVAX)
Avalanche (AVAX) is a blockchain-based platform decentralized application. Ranked at the fastest smart contracts platform as measured by time-to-finality, Avalanche is attracting thousands of developers. It is also said to be cheaper and eco-friendly, which are features that attract investors.
The smart contract platform supports DeFi projects, digital collectibles, and other institutions that need blockchain technology, including governments. The wide market adoption is another factor making the project attractive to investors. The team’s hinting on a Dex, a new marketplace overhauled tokenomic in Q1 2022, is also driving the current surge.
These are just some of the explanations for these trending coins’ price surges. But there could also be many other factors that played a role in the current surge.