Taking up the last spot for the week is Neutrino USD, which is also another new entrant in this bracket. Like the other tokens, it is also looking for a comeback from a previous decline across weeks. Although it will not be easy, it is doing a pretty good job to that effect. The Neutrino USD is a stablecoin pegged to the dollar and used for crypto collateral. The protocol ensures that a smart contract governs every activity carried out using the token. USDN is presently trading at $0.993, with a decline in performance of about 0.19% in the last 24 hours. The token boasts a trading volume of $9,048,098 and a market cap of $734,703,829 in the same time frame. Presently, there are about 739,257,274 USDN tokens in circulation.
Conclusion
The performance of these tokens has shown that the market is gradually returning to a better place, as adjudged by the numbers. Although some tokens are quietly returning to the upside, other relatively unknown tokens will have to surmount challenges to follow suit. This goes without saying that traders should be careful when making investments. Even though the market is doing well, you should not leave a chance for a turn in fortune. This is why it is mandatory and essential to carry out research into the token you wish to invest your money on. Asides from that, it is also advisable to diversify your portfolio. This will help you manage losses while registering some gains across your portfolio.
