Top Trending Coins Today 17 October – PancakeSwap (CAKE), Cardano (ADA), Quant (QNT), IMPT, Solana (SOL)
While the crypto markets were typically quiet on Sunday, a number of coins enjoyed strong weekends as the total market cap increased following a dip on Saturday.
The total market cap is up nearly 1.5% to $928 billion and investors have still found good value in certain coins.
The native token of the Binance smart chain's biggest decentralized exchange, cake is up 2% in seven days and more than 7% in the last month.
CAKE was trending on Monday morning after the project revealed its latest mega burn.
Six million tokens were sent to a dead address with an approximate value of $31 million.
Long-time favorite Cardano has endured a terrible few weeks of price action despite its ongoing development.
Their latest major upgrade - the Vasil hard fork - went live at the beginning of September without issue but it has not sparked any momentum in ADA's price.
In fact, the coin is now down 11% in a week and 22% in 30 days and dipped to a 21-month low last week following US Consumer Price Index data being revealed.
The coin continues to find support at $0.36, although if that resistance is broken some analysts have the coin dropping as far as $0.25 or even $0.15.
However, Cardano continues to build out its protocol despite the current price struggles and is among the most undervalued cryptos on the market.
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Quant has continued its extremely impressive recent performance and broke $200 for the first time in 2022 amid
The QNT token is now up 14% in 24hrs, 37% in seven days, and 96% in a month. Zoom further out and the token is up more than 300% since June's sub-$50 lows.
Quant continues to perform well as it is a forerunner in talks over Central Bank Digital Currency (CBDCs).
Quant founder Gilbert Verdian previously held high-profile
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