An extremely volatile week is coming to an end for cryptocurrencies. It started with a bitcoin price of around $8,900. In the middle of the week, a strong mini-rally broke out, which peaked and bitcoin price touched $10,000. Yesterday there was a strong sell-off to $8,100. BTC is currently trading at around $ 8,500. This is a decrease of around 4.5% compared to the last Sunday. Despite the general havoc in the cryptocurrency market. Here are the top 5 cryptocurrencies of the last week.
1. Rocket Pool +113%
Rocket Pool is a proof-of-stake infrastructure provider based on Ethereum. Companies and private customers who want to earn from their ether staking rewards can earn by using the Rocket Pool. For the extraordinary price development of the RPL token this week, we could not find a fundamental cause or a possible message. Therefore one should be cautious before taking any decision. It could be a “pump and dump” action, which often happens with cryptocurrencies due to their unregulated nature.
>> Click here to buy RPL <<
2. 0x (ZRX) +73%
0x is a protocol that provides liquidity and smart contract infrastructure for peer-to-peer token trading on the Ethereum blockchain. The project is currently number 34 at Coingecko. Last week’s developer meeting, which highlighted the progress of developments, could be responsible for the hike in the price.
>> Click here to buy ZRX <<
3. Aave + 40%
Aave also performed exceptionally well this year. The token has grown by around 240% since January 1, 2020. Aave (formerly ETHLend) is a DeFi platform on the Ethereum platform. Users can borrow and lend coins locally. The project is currently 71st at Coingecko. Since the introduction of capital pools at the beginning of January, the price has increased considerably. An insight could be responsible for the rise this week, which shows that the LEND token will soon be better integrated into the platform.
>> Click here to buy LEND <<
4. Status + 35%
Status is an open-source, decentralized platform for messages, which is based on the Ethereum Blockchain. The project is currently ranked 52nd at Coingecko. The release of version 1.3 could be responsible for the strong performance this week.
>> Click here to buy SNT <<
5. Numeraire +34.2%
Numeraire is one of the best performers in the current year. The value of the NMR token has increased since January. Accordingly, the project has often been on our top 5 list. Numeraire is a crowdsourcing hedge fund based among other things on AI. Numeraire is currently ranked 45th at Coingecko.
>> Click here to buy NMR <<
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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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