The cryptocurrency world is full of different waves. 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. Matic Network + 98%
Matic Network focuses on scaling. The arrangement applies the Ethereum Blockchain to save checkpoints to guarantee data integrity. Since the data is not immediately on the blockchain, thus a high transaction speed can be accomplished. One of the reasons why Matic Network did well in the last week is because of its recent partnership with Blockade Games. Matic Network is available for purchase on Binance .
2. DigixDAO + 67%
DigixDAO is a Decentralized Autonomous Organization, which is designed on the Ethereum Blockchain. DigixDAO has a secondary token, Digix Gold (DGX) which depicts one gram of gold each. Thus DGX is a stable coin on gold. No particular reason found as to why the token did so well last week. DigixDAO is available on Binance.
3. Cosmos + 32%
Cosmos is a network of blockchains. Cosmos describes a variety of connection-level through which the communicating blockchains can interact with each other. Cosmos is comparatively new to the business and is performing well. Cosmos is growing fast at the moment. The exact reason is not found for its great performance.
4. Enigma + 28%
Enigma is a project that focuses on privacy of Blockchain. The focus is on the anonymization of Ethereum Smart Contracts . No particular reason found for its good performance. Enigma is available on Binance.
5. Algorand + 21%
Algorand is a new blockchain project based on a proof of stake, which was developed by Silvio Micali. One reason for the rise could be the release of Algorand 2.0, which supplements a lot of extra features, including DeFi. Algorand is available 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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