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Cryptocurrency News Articles

Ethereum (ETH) Maintains Dominance in Binance Searches Despite 12.1% Market Value Drop

Feb 04, 2025 at 07:35 pm

Among all cryptocurrencies, Bitcoin (BTC) claims the position as the second most-searched coin although it holds the title of the largest digital asset

Ethereum (ETH) Maintains Dominance in Binance Searches Despite 12.1% Market Value Drop

Binance has reported that, on February 3, 2025, the top cryptocurrency search on the platform was Ethereum (ETH), despite a 12.1% drop in its market value over the previous day. ETH maintains its dominance in Binance with a trading volume of 13%.

TOP-15 COINS BY TRENDING SEARCH ON @BINANCE!$ETH $BTC $SOL $XRP $DOGE $BNB $SUI $TON $ARB $LINK $AVAX $APT $ENA $FET $RUNE pic.twitter.com/1KKBZoOJG6

Among all cryptocurrencies, Bitcoin (BTC) claims the position as the second most-searched coin although it holds the title of the largest digital asset according to market capitalization. Bitcoin commands substantial trader attention through its 12% dominance on the Binance market therefore retaining its importance as a critical trading instrument during volatile market periods.

Solana, XRP, and Dogecoin Rank High in Searches

Solana (SOL) maintains its standing as a high-performance blockchain network after securing its position as the third most searched cryptocurrency on Binance. The market value of Solana dropped only 2.3%.

XRP earned its position as the fourth most-searched cryptocurrency despite a 7.3% decrease in value since it faces ongoing regulatory hurdles in the market. The meme coin Dogecoin (DOGE) came in as the fifth most searched cryptocurrency despite its price plummeting by 7.9% during this period. XRP along with Solana command approximately 25% and 20% of Binance trading volume while representing active trading communities on the platform.

BNB and SUI Show Contrasting Trends

Binance Coin (BNB) experienced a major 8.1% price decrease even though it held the sixth position in search activity. The price dip did not affect BNB’s essential role in Binance’s ecosystem since it holds 40% trading supremacy on its platform.

SUI ranked seventh showed a distinctive price trend by increasing its value by 0.3% during the previous 24 hours. An incremental growth in value attracted investor interest since it represents breakthrough potential.

TON, ARB, and LINK Face Heavy Sell Pressure

The eighth-placed TON (Toncoin) encountered a substantial 13.8% market decrease. The popularity of TON has attracted substantial selling activity across the market. At the ninth position is Arbitrum (ARB) experienced a decrease of 16.5%, and became one of the most heavily depreciated tokens among the top fifteen.

TON (Toncoin) maintains its position as the lead trading asset on Binance although it currently holds 13% of trading volume dominance. Chainlink (LINK) secured tenth position as the most searched crypto on Binance but faced a 7.7% decrease which has traders observing its essential support levels. Numerous blockchain specialists maintain interest in these declining assets because of their core blockchain functionality.

AVAX, APT, and ENA Struggle to Hold Ground

Avalanche (AVAX) and Aptos (APT) occupied spots eleven and twelve on the list as their prices continued their downward trend. The Layer 1 blockchain projects faced overall negative sentiment that caused AVAX to decline 11.1% while APT fell 11.4%. The crypto community backed ENA as it showed modest profitability with a 0.2% uptrend despite the industry slump shown elsewhere.

FET and RUNE Shine Amid Market Uncertainty

Among the coins listed RUNE defied the negative performance of other assets. Fetch.ai (FET) comes in at position fourteen with an 11.9% drop yet maintains 22% market trading volume dominance. Among the most searched cryptocurrencies RUNE (THORChain) secured fifteenth position and achieved the highest price growth of 7.5%. Traders will closely monitor RUNE because its rising popularity has reached 37% dominance on Binance.

Market uncertainty forces traders to focus on these top-searched coins for their investments. RUNE and SUI continue to resist the cryptocurrency market-wide price decrease. The strong market interest in well-established projects like Ethereum indicates investors maintain a high interest even when prices decline.

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Other articles published on Feb 04, 2025