Top 10 Most Traded Cryptos in July
August 3, 2021 (Investorideas.com Newswire) The growing number of investors continues choosing digital coins as an investment asset, with some cryptocurrencies drawing much more attention than others.
According to data presented by BlockArabia.com, besides Tether, Bitcoin, and Ethereum, as the world's three most traded cryptocurrencies, some other crypto coins also witnessed an increased trading volume last month. Here is the list of the ten most traded cryptos in July.
Bitcoin Trading Volume Almost Halved, Ethereum Down by 43% in a Month
The CoinMarketCap data showed Tether still represents the most important coin in the crypto space, with a monthly trading volume of $1.48trn in July, nearly the same value as in June. Still, its market cap slightly dropped last month to $61.8bn, compared to $62.4bn on the first day of July.
Other top cryptocurrencies witnessed a significant drop in their 30-day purchase volume. During July, the price of the world's most expensive cryptocurrency, Bitcoin, jumped by 26% reaching $41,963 last week. However, the trading volume of the leading crypto coin almost halved in the last 30 days, falling from around $1.2trn in June to $642.7bn in July.
Ethereum also witnessed a significant drop, with its monthly trading volume falling by 43% to $505.9bn in July. However, its market cap increased by almost 30% in this period, rising from $237.8bn to $303.5bn.
EOS, the fourth most-traded crypto in June, didn't make it to the top 10 list last month. In fact, statistics show its trading volume plunged by 92% compared to June, falling from a massive $288.9bn to only $21bn.
Although its trading volume dropped by 25% to $194.4bn in July, Dogecoin still climbed one spot to the fourth most-traded crypto globally. Binance USD rounds the top five list with $125.2bn in monthly trading volume.
PlayDapp and WETH Trading Volume Surged in July
Statistics show significant changes in the other half of the list. Polygon, Bitcoin Cash, Chainlink, and Stellar, which all witnessed impressive trading volume in June, also didn't make it to the top ten list last month.
The trading volume of XRP, the ninth most-traded crypto in June, plunged by 53% to $76.7bn. Still, the native cryptocurrency for products developed by Ripple Labs ranked as the seventh most-traded crypto in July.
The CoinMarketCap data showed that, compared to June, two new cryptos entered the most-traded list. With $92.8bn in monthly trading volume, PlayDapp ranked sixth on the list of most popular coins. Furthermore, statistics show the price of the token used in the PlayDapp Blockchain gaming ecosystem to purchase and sell NFT items within games, surged by 233% in this period, jumping from $0.1681 to $0.5608. WETH, or Wrapped Ethereum, ranked seventh on the list, with $61.7bn in 30-day purchase volume.
USD Coin and Ethereum Classic close the top ten list, with $55.8bn and $52.7bn in monthly trading volume, respectively.
The full story can be read here: https://blockarabia.com/pr/top-10-most-traded-cryptos-in-july/
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