Here is an in-depth analysis of the top cryptocurrencies of May 20, 2024
Cryptocurrencies have become a focal point of global financial markets, with investors closely monitoring their prices and market movements. On May 20th, 2024, the cryptocurrency market witnessed a mix of ups and downs, with some digital assets experiencing minor fluctuations while others demonstrated more significant changes. In this article, we’ll delve into the detailed price analysis of top cryptocurrencies on May 20th, 2024, examining their current prices, 24-hour percentage changes, trading volumes, market capitalizations, sectors, and their performance over the last seven days.
Bitcoin (BTC)
Price: US$66,827.46
24h % Change: -0.62%
Volume (24h): US$20.01B
Market Cap: US$1.32T
Sector: Currency
Last 7 days: Bitcoin, the pioneer cryptocurrency in the top cryptocurrencies, experienced a slight decrease of 0.62% over the last 24 hours. However, its robust market capitalization of US$1.32 trillion solidifies its position as the leading digital currency globally.
Ethereum (ETH)
Price: US$3,091.02
24h % Change: -0.68%
Volume (24h): US$8.61B
Market Cap: US$371.31B
Sector: Smart Contract Platform
Last 7 days: Ethereum, the second-largest cryptocurrency by market capitalization, also saw a marginal decline of 0.68% within the last 24 hours. Despite this, its market cap remains impressive at US$371.31 billion, highlighting its significance in the smart contract platform sector.
Binance Coin (BNB)
Price: US$575.18
24h % Change: -0.85%
Volume (24h): US$616.44M
Market Cap: US$88.49B
Sector: Smart Contract Platform
Last 7 days: Binance Coin faced a slight decrease of 0.85% in the last 24 hours in the crypto market. With a market capitalization of US$88.49 billion, BNB continues to be a significant player in the smart contract platform sector.
Solana (SOL)
Price: US$178.17
24h % Change: 2.64%
Volume (24h): US$2.67B
Market Cap: US$80.00B
Sector: Smart Contract Platform
Last 7 days: Solana, one of the top cryptocurrencies, demonstrated a notable increase of 2.64% within the last 24 hours, showcasing its potential for growth in the smart contract platform sector. With a market cap of US$80.00 billion, Solana remains a prominent contender in the cryptocurrency market.
XRP
Price: US$0.51366695
24h % Change: -1.33%
Volume (24h): US$552.10M
Market Cap: US$28.40B
Sector: Currency
Last 7 days: XRP, a digital currency known for its use in cross-border payments which is one of the top cryptocurrencies, saw a decrease of 1.33% within the last 24 hours. Despite this, its market cap remains substantial at US$28.40 billion, reflecting its significance in the crypto landscape.
Toncoin (TON)
Price: US$6.41
24h % Change: –2.18%
Volume (24h): US$219.69M
Market Cap: US$22.28B
Sector: Smart Contract Platform
Last 7 days: Toncoin’s price declined 2.18% over the last 24 hours. With a market capitalization of US$22.28 billion, TON continues to operate within the smart contract platform sector, albeit with minor fluctuations.
Dogecoin (DOGE)
Price: US$0.15102875
24h % Change: -1.92%
Volume (24h): US$729.66M
Market Cap: US$21.80B
Sector: Currency
Last 7 days: Dogecoin, initially created as a meme cryptocurrency, witnessed a decrease of 1.92% within the last 24 hours. Despite its origins, DOGE has garnered significant attention and maintains a market cap of US$21.80 billion.
Cardano (ADA)
Price: US$0.46685625
24h % Change: –2.76%
Volume (24h): US$283.62M
Market Cap: US$16.51B
Sector: Smart Contract Platform
Last 7 days: Cardano experienced a decline of 2.76% over the last 24 hours. As a smart contract platform, ADA continues to evolve, with a market capitalization of US$16.51 billion, positioning itself as a significant player in the cryptocurrency market.
Shiba Inu (SHIB)
Price: US$2.39883e-5
24h % Change: -3.39%
Volume (24h): US$299.51M
Market Cap: US$14.14B
Sector: Currency
Last 7 days: Shiba Inu, inspired by the Dogecoin meme, experienced a decline of 3.39% within the last 24 hours. Despite its relatively low price, SHIB maintains a market cap of US$14.14 billion, reflecting its popularity among cryptocurrency enthusiasts.
Avalanche (AVAX)
Price: US$35.98
24h % Change: -2.47%
Volume (24h): US$331.93M
Market Cap: US$13.77B
Sector: Smart Contract Platform
Last 7 days: Avalanche, a smart contract platform aiming for high throughput and scalability, saw a decrease of 2.47% within the last 24 hours. Despite this minor decline, AVAX maintains a market capitalization of US$13.77 billion, solidifying its position as a contender in the smart contract platform sector.
