The cryptocurrency world is full of ups and downs. There are many small and big coins other than Bitcoin which are making profits. This post is describing the top five coins in terms of market capitalization that did particularly well last week. The previous week analysis can be found here.
1. Enjin +65%
Enjin is a blockchain based platform for the mapping and trading of virtual goods. Enjin mostly concentrates on games or goods that are mostly used in games. The strong growth is likely due to the confirmed partnership with the software giant Microsoft. Enjin Token can be traded on Binance.
2. Matic Network +62%
Matic Network ranked # 1 last week. Overall, the token has increased by almost 140% since 25 November. Matic Network is a scaling explication for blockchains. Timestamps are recorded to the Ethereum Blockchain, which ensures the probity of the data. Matic is a fresh project and has been very busy since the start. Various partnerships could be accountable for the definite growth in prices lately. Matic Network is available for purchase on Binance.
3. Kyber Network +47%
Kyber Network is an Ethereum-based on-chain liquidity protocol for distributed exchanges that support decentralized token swaps. On the account, developers can create cash flows and finance dApps. No particular reason found for the price rise of the Kybtertokens.
Now if you closely look at the above image the technical analysis can shed light on this more. KyberNetwork has moved the lower ground structure with the collapse of the green zone, thus initiating a price target at 0.00003566 BTC. This price target was achieved in the last week, which describes the important increase in the price of KNC. You can get Cyber Network Token on Binance.
4. FTX Token +35%
FTX is controlled by FTX Trading LTD, a corporation chartered in Antigua and Barbuda. FTX was nurtured by a cryptocurrency liquidity provider Alameda Research. No particular reason found for the increase.
Now if you closely observe this, the FTX Token (FTT) currently lists new growths. The price mark of the breakout from the trend course has already been developed. The 1to1 Fibonacci Extension is the next price target in the chart and can be observed at 0.00027967 BTC. FTX is available on Bitfinex.
5. DigixDAO +27%
The DigixDAO (DGD) project ranked # 2 in our ranking last week. This week, too, it was able to regain some profits and so in the last 2 weeks by a total of 70%. The DigixDAO is a decentralized autonomous organization on Ethereum Blockchain, which manages stablecoins to 1 gram of gold (DGX). Increased activity of the project may be responsible for the increase in the recent price.
Now as per the technical analysis, after breaking the black trend lines, a price target was initiated at 0.002455 BTC. DigixDAO is avilable on Binance.
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Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
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