Top Trending Coins Today 10 October – XRP, IMPT, ATOM, LUNC, TAMA
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The cryptocurrency market has remained flat for the past week, with a total cap of $979 billion. This represents a 3% fall since Wednesday, but a 2% rise in a week. Overall, the picture continues to be less than positive, with the market declining by 10% in the last month and by 57% since the start of 2022, driven down by rising inflation and rates, as well as the ongoing war in Ukraine.
However, the despite the wider market's trouble, a number of coins are showing strong growth and attracting plenty of interest from traders. This article collects the top trending coins today, including XRP, ATOM, LUNC, IMPT and TAMA.
While down by 0.5% in the past 24 hours, XRP is up by 14% in a week and by 44% in a month, at $0.514254.
According to its technicals, XRP is enjoying some strong momentum right now. Its relative strength index (purple) has risen to 70 in the past couple weeks, while its 30-day moving average (red) is about to rise aboveits 200-day (blue). Doing so would constitute a golden cross, signalling a potential breakout.
XRP has been doing well in the past couple of weeks because of Ripple. The latter's ongoing case with the SEC appears to be entering its end phase, given that both parties filed a motion for the presiding court to reach a summary judgment (rather than enter a full-blown legal hearing).
Not only that, but the judges handling the case have taken a number of rulings recently that lean significantly in Ripple's favor. This includes Judge Torres ruling that the SEC must share emails relating to William Hinman's 2018 speech in which the former SEC chair declared that
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