Top Trending Crypto Coins Today 14 October – Ethereum Name Service (ENS), Quant (QNT), Algorand (ALGO), Tamadoge (TAMA)
The global cryptocurrency market unexpectedly sparked into life on Thursday despite negative inflation data following the US Consumer Price Index (CPI) being released.
The news that inflation was once again 8.2% prompted a quick and drastic sell-off of coins - with Bitcoin dropping to a low of $18,319.82 - before an unexpected and massive recovery in both the crypto and traditional markets.
BTC pumped to $19,835.17 – an 8.2% gain on the low – in 12hrs with volume surging by 76% on the previous day.
As CryptoNews reported earlier on Friday, many Bitcoin traders and analysts are expecting more short-term gains with $21,000 in play.
The total crypto market saw a 5% increase to $950 billion as volume reached $355 billion - marking just the second time volume had beaten $300 billion since early August.
A number of altcoins have been performing even better:
Ethereum Name Service (ENS) was arguably the top performing coin on Thursday and Friday, reaching highs of $20.25 as trading volume increased by 95% to over $250 million.
ENS is now up 11% in the last 24hrs at the time of writing and nearly 12.5% on the seven-day chart.
The price had been as low as $16.18 on Tuesday, October 11, meaning the coin saw a 25% rise in that time.
ENS, which has more than 2 million addresses and a userbase of 500,000, could be set for more gains in the coming weeks.
At the end of September, Coinbase announced its intention to give out ENS domains to users who want simplified transactions.
Buy ENS on eToro
Quant has retraced a little, but the QNT token is still up nearly 6% after volume increased by 59%.
Its 24hr high saw the token almost reach $175 - its highest price since January.
Quant has been flying in recent weeks and is now up nearly 20% in seven days,
Read more on cryptonews.com
