As of September 17, 2024, the crypto market is very much under the influence of macroeconomic factors, advancements in technology, and updates in regulations. The top cryptocurrencies have moved differently in prices. Some of the leading cryptocurrencies such as Bitcoin and Ethereum are still standing strong, while other emerging platforms are gaining acceptance in the decentralized finance and blockchain domain. So, let us look at the top 10 cryptocurrencies by market cap in detail, including recent trends in their performance and sectoral trends.
1. Bitcoin (BTC)
Price: $58,753.95
24h %: +0.28%
Volume (24h): $28.53B
Market Cap: $1.16T
Sector: Currency
Bitcoin still remain on top in the crypto market, with the price that keeps a sound value at around $58,753.95. For the last 24 hours, it exhibits a minor increase of 0.28%, which finally portrays stability despite the volatility in the market. Bitcoin’s dominance as some sort of digital currency has now kept it into that position to be more or less a store of value itself. The institutional interest is still relatively high, though.
2. Ethereum (ETH)
Price: $2,305.32
24h %: +0.64%
Volume (24h): $14.02B
Market Cap: $277.43B
Sector: Smart Contract Platform
Ethereum is still growing steadily, now at 0.64%, a relatively minor percentage increase that shows perpetual optimism over the placement of smart contracts in DeFi, NFTs, and DApps. The network’s upgrades with Ethereum 2.0 are going to take it that much further.
3. BNB (BNB)
Price: $539.49
24h %:-1.39%
Volume (24h): $912.58M
Market Cap: $78.70B
Sector: Smart Contract Platform
BNB, the native token of Binance’s blockchain, lost 1.39% over the last 24 hours. The token remains one of the leaders in the DeFi and NFT ecosystem, but it is facing growing competition with other smart contract platforms. The Binance ecosystem is large, so there’s always continuing demand for BNB.
4. Solana (SOL)
Price: $132.74
24h %: +1.22%
Volume (24h): $1.82B
Market Cap: $62.16B
Sector: Smart Contract Platform
Solana, the high-performance blockchain with fast transaction speeds and low fees, increased by 1.22% in the last 24 hours. Many developers and investors are interested in its stability when used in projects like DeFi and NFT projects. Scaling is currently integrated into Solana, and thus will further enhance its ecosystem.
5. XRP
Price: $0.58898148
24h %: +2.96%
24h Volume (Volume, not rate): $1.28B
Cap: $33.21B
Sector: Currency
XRP also saw a big spike of 2.96% as the market remains buoyant. Ripple’s legal battle with the SEC remains an essential determinant in the trend of XRP, yet it remains to be highly accepted and used in a significant part of crossborder transactions.
6. Dogecoin (DOGE)
Price: $0.10115212
24h %: -0.64%
Volume (24h): $489.17M
Market Cap: $14.76B
Sector: Currency
Dogecoin, the meme-based cryptocurrency, is down by a slim 0.64%. Social media trends and public icons like Elon Musk determine the price fluctuation, but despite this volatility, DOGE is one in high demand for microtransactions.
7. Toncoin (TON)
Price: $5.51
24h %: -0.82%
Volume (24h): $310.98M
Market Cap: $13.95B
Sector: Smart Contract Platform
Toncoin, a new smart contract, recorded a price drop in value at -0.82%. Its approach to decentralized applications and services has ranked it as one of the top platforms in the crypto circuit. Developers are also using Toncoin for various blockchain applications.
8. Tron (TRX)
Price: $0.14983250
24h %: +0.86%
Volume (24h): $371.56M
Market Cap: $12.99B
Sector: Smart Contract Platform
Entertainment-based platform Tron increased by 0.86% in the last 24 hours. The platform allows for a cheap transaction fee, high throughput, and appeals to developers for building decentralized applications on it. Indeed, the active increase of its ecosystem has been especially in NFT.
9. Cardano (ADA)
Price: $0.33539044
24h %: +0.09%
Volume (24h): $253.38M
Market Cap: $11.96B
Sector: Smart Contract Platform
Cardano does not stop at that and continues to escalate by a low of 0.09%, and it will just keep going with its blockchain as the plans are still in the direction of slow growth. It is one of the research-led blockchains which emphasizes scalability, sustainability, and interoperability. Due to this reason, it has become one of the most favourite choices among long-term investors.
10. Avalanche (AVAX)
Price: $23.98
24h %: +0.78%
Volume (24h): $247.93M
Market Cap: $9.73B
Sector: Smart Contract Platform
Avalanche is another promising smart contract platform, and it rose by 0.78%. The platform is known for its fast transaction speed and low fees, making it a favorite among developers when it comes to DeFi projects or DApps.
Conclusion:
To date, as of September 17, 2024, the entire cryptocurrency market continues to be in motion; on top, there are Bitcoin and Ethereum, further dominating the space. Smart contract-related platforms are picking up steam, stablecoins are essential for providing a market with liquidity, and freshly emerging tokens are promising in niche areas such as entertainment and decentralized apps. Investors and enthusiasts alike will be able to keep track of what is happening – that’s a good way to navigate this now-fleeing space.