With Bitcoin operating above its current lows, some altcoins are also starting to display power. At the time of writing this, the Bitcoin price is USD 8,038.60. Let’s take a look at the top 5 profitable coins of the week.
1. Chiliz + 80%
Chiliz (CHZ) is a cryptocurrency or a kind of digital asset. Chiliz (CHZ) value for today is $0.00939598 with a 24-hour trading volume of USD 4,804,835. It has a circulating supply of 3.6 Billion coins and a max supply of 8.89 Billion coins.
According to Coinmarketcap, Chiliz is quite new in the market. The token CHZ has only been trading since July 2019 and is already in the top 100 of the list of largest cryptocurrencies by market capitalization.
Chiliz is a cryptocurrency which allows votes on entertainment platforms like socios.com. With the coins, you have a say and can help shape your favorite club as a fan. We could not find an explicit reason for the price increase this week. The project is still young, and there may be some hypotheses about well-known football clubs such as Roma, Juventus, Westham, Galatasaray, Paris St. Germain or Atletico Madrid, which leads the company as a partner. Chiliz is available to buy on Binance.
2. Synthetic Network Token (SNX) +35%
Synthetics is a project based on the Ethereum Blockchain. Synthetic allows tokenize real-world assets such as stocks, indices, etc. The increase this week is due to the $ 235,000 purchase of SNX by Silicon Valley venture capital firm Andreessen Horowitz. The sudden price rise should have sparked further interest and fueled the price additionally. SNX can be bought on KuCoin .
3. Tierion + 33%
Tierion is a Silicon Valley project committed to making data counterfeit-proof through blockchain technology. To do this, timestamps and hashes are written to the blockchain. Thus, the integration of the data can be checked at any time. It can be traded on Binance.
4. Bitcoin SV + 24%
Craig Wright’s aka Faketoshi’s project displayed a decent growth last week. Bitcoin Cash Fork has seen a jump on Monday. There was no official reason worth mentioning. Bitcoin SV can be purchased on Bitfinex.
5. Telos + 18%
Telos is now the biggest sister chain of the EOS Mainnet and uses the EOSIO software as a basis. The project was launched soon after the launch of EOS Mainnet and changed some parameters in the electoral system and governance. With a daily trading volume of around $300,000.
For the increase in the last week, no explicit reason could be found. Telos can be traded on Cointiger for USDT or on Newdex for EOS.
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Disclaimer: This information should not be interpreted as an endorsement of any cryptocurrency. It is not a recommendation to trade. The crypto market is full of surprises and overhyped assets. Do your research before buying anything. Do not invest more than you can afford to lose.
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