Note that none of the phrases mentioned in the blog is financial advice!
Many cryptocurrencies are still following the successful path of the Bull Run, and many investors were pleased to see the green Trading Chart of last week (February 24 - March 3).
In this blog, you will see which 5 coins experienced the biggest percentage growth in the past 7 days and how this growth affected the portfolio.
We start our list with Synthetix (SNX) ranked 71st on CoinMarketCap. Over the past seven days, the cryptocurrency has shown an average growth of 11.12%, successfully continuing its recent bull market.
The coin uses the Ethereum blockchain and can be purchased for $2.84. In the current period, the cryptocurrency has reached a market capitalization of billions of dollars, and this is largely due to the successful bullish period:
If an investor bought $1,000 worth of SNX coins on February 24, based on the growth in one week, on March 3, he would have $1,110 worth of cryptocurrency.
More information about the coin can be found here.
The next cryptocurrency on our list that stood out with an average growth rate is NEM (XEM). NEM is a decentralized blockchain platform that was introduced back in 2015 and its main purpose is fast, secure and cheap transactions.
XEM is the most affordable and low-cost cryptocurrency on our list, and its unit price is $0.04, while its market capitalization has reached half a billion dollars, or more precisely - $441,547,500. The average percentage increase recorded during the past week was 14%.
The cryptocurrency started to rise on February 27 and has been steadily growing since then.
The $1,000 investment made in it on February 24 would be an asset worth $1,140 today.
Vitalik Buterin, the founder of Ethereum, has a positive view of the NEM project:
"The NEM ecosystem provides a good platform for new cryptocurrencies and tokens to be built on. Moreover, its blockchain makes transactions much easier for users."
This is the second time that dYdX (DYDX) has made it to our list, which is an indication that the cryptocurrency is quite healthy and will continue to actively participate in the Bull Run in the long term.
DYDX was up 31% between January 30th and February 3rd, and today (February 24th - March 3rd) is up 15%. You can buy a cryptocurrency for $3.
If an investor invested $1,000 in dYdX coin on February 24, as of March 3, he would have $1,150 worth of cryptocurrency.
According to CoinMarketCap, the next cryptocurrency on our list ranks 57th. Maker (MKR) is the most expensive coin on our list, with a unit cost of $890. Its total market capitalization is equal to 900 million dollars.
Within a week, Maker recorded an 18% growth, and the $1000 invested in it would return to the trader as an asset worth $1180.
Here are some interesting facts about MKR:
- A limited number of Maker tokens - 1 million will be issued
- The token was launched in 2017
- In 2019, Maker and UNICEF announced a partnership aimed at developing the DeFi ecosystem
The coin that topped our list with a percentage increase of 27% last week is the familiar SingularityNET (AGIX). This cryptocurrency has already made it to our list once, which indicates that it will continue to grow steadily and justify the hopes of investors.
It can be purchased for $0.5 cents and some experts predict a very successful future. It is also important that cryptocurrency is based on A.I. technology and is used for payments for services related to artificial intelligence. This makes AGIX doubly interesting because it is safe to say that we are living in an era of an artificial intelligence boom.
Ben Gortzel, CEO and creator of SingularityNET, says:
"The main task of the SingularityNET decentralized system is to help artificial intelligence learn about the world as we humans do. And then use this knowledge to solve our problems"
In the future, AGIX may go beyond the form of cryptocurrency and become a separate crypto ecosystem, which makes it an interesting project for interested investors.
You can find more information about it here.
Popular cryptocurrencies: Litecoin (LTC); Tron (TRX);
Several popular cryptocurrencies were not far behind last week's Bull Run fever. Litecoin (LTC) is up 2.62% in the seven-day period to trade at $96, while Tron (TRX) saw a slight gain of 0.65%, but investors still didn't lose heart and showed a green, bullish period.
Fortunately for crypto enthusiasts and investors, most coins and tokens continue their Bull Run and increase their value significantly.
It is important to keep in mind that the price of a crypto asset provides a lot of information, including when is the best time to invest and when it will be profitable to buy the asset.
However, keep in mind that this is not the only indicator you should rely on when trading cryptocurrencies. To find more information, you can read our blogs and find out what this or that Trading Chart tells us, and what types of trading indicators will help you make the right and profitable decisions.
Wish you successful trading!