TOP 5 Cryptocurrency of the Week
In the ever-evolving landscape of cryptocurrencies, keeping a finger on the pulse of the market is crucial. This week, we delve into the top-performing digital assets that have shaken up the charts.
From decentralized exchanges to blockchain ecosystems, these cryptocurrencies have not only caught the attention of investors but have also seen remarkable gains in just one week.
Shortly, here you will TOP 5 Cryptocurrency of the Week, plus two honorary mentions and in addition to that, we will show you how to buy Crypto using the cheapest and the easiest method on the market.
5th: THORChain (RUNE) – Godly Cryptocurrency
Starting our journey with THORChain (RUNE), this decentralized liquidity network has been making waves. Launched in 2018, THORChain facilitates cross-chain trading, allowing users to swap assets without relying on a centralized authority.
As per an official spokesperson from THORChain, the platform operates without a CEO, founder, or directors. The progression of the protocol is coordinated through Gitlab, where nodes play a pivotal role in determining the codebase to implement.
THORChain facilitates the settlement of native assets, enabling users to exchange Bitcoin, Ether, Stablecoins, and various other coins seamlessly across nine separate blockchains.
In the past week, RUNE has surged by 55%, a testament to its growing popularity. So, if a Trader or Crypto Investor bought 1000 USD THORChain, known as Godly Cryptocurrency, at the end of the week he/she would have seen 1550 USD as a return. 550 USD in a Week.
Fun fact: THORChain's native token, RUNE, is named after the powerful Norse god Thor, emphasizing its robust and secure network.
4th: 0x Protocol (ZRX) – Ethereum’s Token
0x Protocol (ZRX) claims the 4th spot, showcasing its prowess in decentralized exchange infrastructure. Established in 2016, 0x Protocol enables the peer-to-peer exchange of assets on the Ethereum blockchain.
Established by Will Warren and Amir Bandeali, 0x is led by the continued dedication of its co-founders. Will Warren holds the position of CEO, while Amir Bandeali serves as the Chief Technology Officer (CTO).
The platform was inaugurated subsequent to a successful initial coin offering (ICO) in 2017, garnering a total of $24 million in funding. Notable investment firms such as Polychain Capital, Pantera Capital, and FBG Capital contributed support during this fundraising phase.
Similar to many digital assets, the ZRX token adheres to a fixed maximum supply, capped at 1 billion ZRX. Presently, approximately three-quarters of this total supply is in circulation, with only a small fraction reserved for staking rewards.
- Fun Fact: ZRX enables users to participate in Staking.
Over the last week, ZRX has seen a remarkable increase of 121%! Noteworthy is 0x's commitment to fostering interoperability and liquidity across various decentralized applications.
If the Investor purchased a ZRX Token worth 1000 USD, at the end of the week this investment would be worth 2210 USD, which equals to 1210 USD gain!
3rd: Celestia (TIA) – Deploy your own Blockchain
Breaking into the top 3 is Celestia (TIA), a rising star in the crypto space. With a focus on decentralized finance (DeFi), Celestia provides a platform for lending and borrowing.
Celestia (TIA) distinguishes itself as the inaugural modular blockchain network, offering a user-friendly platform for effortless deployment of individual blockchains with minimal operational burdens. Its scalability is achieved through a fundamental reimagining of blockchain architecture.
In contrast to the conventional approach of monolithic blockchains, Celestia represents a departure from the norm. Monolithic blockchains encounter challenges in scaling due to their responsibility for executing all fundamental blockchain functions, including transaction processing, validation, and the consensus of network nodes on both the correctness and order of transactions.
TIA has witnessed an impressive surge of 127% in the last seven days. This means that a 1000 USD investment made in TIA at the beginning of the week, now would be worth 2270 USD!
- Fun fact about Celestia is its commitment to environmental sustainability, utilizing eco-friendly consensus mechanisms.
2nd: ORDI (ORDI) – First Time in the TOP 5 Growing List
Securing the 2nd position is ORDI (ORDI), a cryptocurrency making strides in blockchain innovation. ORDI plays a pivotal role in enabling decentralized applications.
Over the past 24 hours, ORDI has experienced a 6.68% increase. As of now, it holds the #98 ranking on CoinMarketCap, boasting a live market capitalization of $464,630,385 USD. The circulating supply consists of 21,000,000 ORDI coins, aligning with its maximum supply of 21,000,000 ORDI coins.
For 7 days ORDI has seen a notable increase of 240%.
The current value of ORDI is $22 USD, and it has a 24-hour trading volume of $620,558 USD.
- Fun Fact: ORDI's name is derived from the Latin word "ordo," signifying order and structure within the blockchain ecosystem.
1st: FTX Token (FTT) – The most famous Cryptocurrency on the List
Taking the crown this week is FTX Token (FTT), the native cryptocurrency of the FTX exchange. As of November 11, 2022, FTX has initiated Chapter 11 bankruptcy proceedings in the United States and is currently undergoing the associated legal processes.
The FTX bankruptcy proceedings are in progress, and it's important to note that the FTT token has lost its utility. There is a possibility that the token could be liquidated by the estate as part of the bankruptcy proceedings to fulfill obligations to creditors. It is advisable to exercise caution and stay informed about the developments in this situation.
Still, FTT has not only seen substantial adoption but has also experienced an impressive surge of 217% in the last seven days.
Honorary Mentions: Solana (SOL) and dYdX
As we celebrate the top performers, it's essential to acknowledge two honorary mentions. dYdX (ethDYDX), a decentralized trading platform, and Solana (SOL), a high-performance blockchain, have shown noteworthy performances in their respective niches.
While dYdX has a 31% increase in price and the asset can be bought for $3.
While the more famous Solana had a staggering 43% increase and can be traded for around $58.
How to Buy Cryptocurrency?
Cryptal provides users with the ability to obtain cryptocurrencies using different fiat assets, including the Georgian Lari, US Dollar, and Euro. When users deposit these fiat assets into their balances, they undergo automatic conversion into TOGEL (representing Georgian Lari), TOUSD (representing US Dollar), and TOEURO (representing Euro).
The platform offers two methods for purchasing cryptocurrency:
Cryptal's Convert feature is designed with a focus on simplicity and speed. In the dynamic landscape of market values, obtaining tokens quickly can be a decisive factor. Importantly, this functionality doesn't require advanced expertise; the Convert feature is user-friendly and suitable even for beginners.
By leveraging the Convert feature, users can smoothly switch between their preferred and widely recognized cryptocurrencies, including Solana, Ethereum, USDT, Bitcoin, and others. This feature enables the conversion of these cryptocurrencies into fiat alternatives such as TOGEL, TOUSD, or TOEURO. Whether you prefer crypto-to-fiat or crypto-to-crypto transactions, Convert simplifies the process without requiring intricate technical terminology.
- Spot Exchange:
Envision this scenario as your digital marketplace, a space where you interact with fellow traders who are enthusiastic about buying or selling cryptocurrencies. In this setting, you can submit your bid, await approval, and upon confirmation, you have successfully executed a Buy Order.
The Spot Exchange often provides the most competitive prices; however, it is primarily tailored for individuals who have invested time in navigating the intricacies of crypto trading and possess the requisite expertise to engage effectively.
In this dynamic crypto landscape, these top-performing cryptocurrencies have demonstrated resilience and innovation. Whether revolutionizing decentralized exchanges or spearheading advancements in blockchain technology, each of these digital assets has left an indelible mark on the market.
As we look ahead, the crypto space continues to unfold, promising exciting developments and opportunities for investors and enthusiasts alike.
None of the mentioned is financial advice.