- The top 5 most attractive cryptocurrencies are SOL, AVAX, SHIB, DOGE, and INJ.
- Avalanche (AVAX) price soared over 15% in the last 24 hours.
As the cryptocurrency market evolves, new and cutting-edge projects appear, offering investors chances for substantial returns. Early on April 17, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies increased by 0.10 percent to $1.27 trillion from the previous day. Over the past 24 hours, the total volume of the crypto market has climbed 26%, reaching $42.67 billion.
Let’s take a look at the top 5 cryptocurrencies that have potential price rallies in the market.
SOL/USD
- Market Cap: $9.7 billion
- 24H Trading Volume: $797 million
Solana (SOL), the eighth-largest cryptocurrency in the market, gained attention from crypto investors due to its recent integrations and price surges. Saga, an Android smartphone integrated with the Solana blockchain, was announced by Solana Mobile, a division of Solana Labs, on April 13. Additionally, Solana Labs joined forces with American beverage retailer Boba Guys to launch an in-store loyalty rewards program.
In recent times, SOL, the native token of Solana, has witnessed a bullish trend with a price surge of over 5% in a day and 23% in a week. Also, Solana registered a 151% year-to-date increase.
Solana (SOL) Price Chart (Source: CMC)
At the time of writing, Solana traded at $25.23 with a 24-hour trading volume of $796 million, which soared more than 134%.
AVAX/USD
- Market Cap: $6.7 billion
- 24H Trading Volume: $496 million
The AVAX token from the Avalanche network gets a spot on this list due to the bold aims of the Avalanche blockchain. Today, the altcoin Avalanche’s momentum seems to be a significant move to end April at a very bullish level. With a price of $25.92 and gains of 15% per day and 19% in a week, the cryptocurrency is still holding onto its ranking as the 13th largest coin.
Avalanche (AVAX) Price Chart (Source: CMC)
The price movement of Avalanche has been interesting to watch as it largely declined in what seems to be a strong correlation with the Terra (LUNA) token. At the time of writing, AVAX traded at $20.69 with a 24-hour trading volume of $496 million, up over 205%. Further, the Avalanche’s price has soared about 152% year to date.
SHIB/USD
- Market Cap: $6.7 billion
- 24H Trading Volume: $351 million
The second-largest memecoin, Shiba Inu (SHIB), never failed to attract crypto enthusiasts with its new updates and price gains. Also, the “SHIB Army” hype over the token has never ended.
Recently, Shiba Inu’s price and its burn rates have been surging. Even whales have started to show more interest in the meme token after its “Shibarium,” the layer 2 blockchain beta release.
Shiba Inu (SHIB) Price Chart (Source: CMC)
At the time of writing, SHIB traded at $0.00001154 with a 24-hour trading volume of $351 million, which increased by around 6%. Also, Shiba Inu soared more than 5.5% in the last 7 days and 43% year to date.
DOGE/USD
- Market Cap: $12 billion
- 24H Trading Volume: $1.2 billion
Over the past year, Dogecoin (DOGE), a cryptocurrency that first emerged as a meme coin, has experienced tremendous growth in popularity. Billy Markus and Jackson Palmer made it in 2013 as a parody of Bitcoin, but it has since turned into a real cryptocurrency. Influential people like Elon Musk, who has been outspoken about his support for Dogecoin on social media, have helped to increase its popularity. Despite being a meme coin, Dogecoin has made significant advancements in the cryptocurrency market.
Dogecoin (DOGE) Price Chart (Source: CMC)
At the time of writing, Dogecoin traded at $0.09428 with a 24-hour trading volume of $1.2 billion, climbing about 145%. Also, DOGE’s price soared over 5% in a day and 11% in a week, and it has surged more than 32% in the year to date.
INJ/USD
- Market Cap: $956 million
- 24H Trading Volume: $224 million
Injective is an open, interoperable layer-one blockchain, and its native crypto token is gaining popularity in the crypto community. Bulls in Injective (INJ) gave in to the bear rule, effectively retracing the price to an $8.48 intraday low. Bulls quickly recovered despite this pessimism, sending the price of INJ to a new 52-week high of $9.6138 within hours.
Injective (INJ) Price Chart (Source: CMC)
At the time of writing, the bullish trend continued, with INJ trading at $9.42 with 24 hours of trading volume of $224 million, an increase of about 22%. Also, the price of Injective surged by about 8% in a day, 67% in a week, and more than 644% since the start of the year.
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