TOP 5 Cryptos of the Week
Please keep in mind that the ideas presented in this blog should not be considered financial advice.
The market recovery trend observed at the beginning of the month is still relevant and most cryptocurrencies are on the way to a Bull Run.
In this blog, we'll examine the cryptocurrencies that experienced the largest percentage gains from 12:00 p.m. on February 3rd to 12:00 p.m. on February 10th, and show how a cryptocurrency portfolio may alter based on the trading activity of the past week.
The list of TOP 5 coins on starts with the 83rd cryptocurrency on CoinMarketCap. Rocket Pool (RPL) has shown quite a healthy growth rate and has gained 17.70% in its value on an average of 7 days.
The total market circulation of this asset has surpassed $500 million and continues to rise, making it the third largest cryptocurrency on our list as measured by this metric.
RPL's unit coin price is the most expensive on our list at $47.
For example, in case of buying RPL worth 1000 USD, the portfolio would be worth $1170 after one week, so the increase is 170 USD.
The next coin on our list is WOO Network (WOO) ranked #99 on CoinMarketCap. Its growth in 7 days was 18%, which means that the portfolio would grow quite impressively if the said crypto was purchased.
You can find information about WOO Network on their website and watch how the price of this cryptocurrency may develop in the future.
To consider an example, a WOO worth 1000 USD purchased on February 3 would be a crypto-asset worth $1180 on February 10.
The market value of Lido DAO (LDO) went over 2 billion USD and the cost of this cryptocurrency kept on expanding dynamically in the previous week.
It came in at number 3 on our list and the overall percentage increase was 19.5%.
Eg: LDO worth 1000 USD bought at the beginning of last week, would be worth $1195 at the end of the week and accordingly the portfolio would increase by 195 USD.
In total, the price of the cryptocurrency unit equaled $2.56, making it the second most expensive crypto in our top five. Depending on the market activity, it will be interesting to observe this cryptocurrency.
Cryptocurrency which stands on the second place in our list shows an amazing growth compared to the previously mentioned assets. The total price of The Graph (GRT) has increased by 64% in the last 7 days and the unit price is $0.15.
This crypto takes the 40th place in the list of CoinMarketCap and thus it successfully enters the ranks of TOP 100 cryptocurrencies. Graph is an indexing protocol for a network like Ethereum and its ATH was recorded at $2.84 on February 12, 2021, about two years ago.
A 1000 USD investment in Graph would eventually be - $1640 at the end of the week.
You can visit its official website for more information.
Last week's leader!
In the first week of February, the largest increase according to CoinMarketCap data was recorded for SingularityNET (AGIX) and totaled 103%.
The total capitalization of the mentioned cryptocurrency market is slowly approaching half a billion dollars.
That is, 1000₾ worth of AGIX coins purchased at the beginning of last week would be equivalent to 2030₾ at the end of the week. The portfolio of investors who have acquired Singularity has doubled!
This coin ranks 80th among TOP 100 cryptocurrencies on CoinMarketCap. More information on AGIX can be found here.
Popular crypto: Polygon MATIC
The Bull Run trend also affected popular cryptocurrencies. For example, Polygon showed an increase of 9.24% during the week.
When trading cryptocurrencies, it is necessary to pay attention to many factors other than percentage growth. We need to use different trading signals, learn about the news in the market and make informed decisions.
None of the suggestions mentioned in the blog are financial advice, all decisions should be made by yourself.
Wish you a successful trading!