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ShareCryptocurrencies are growing!
While the winter season approaches in the natural world, the crypto winter in the digital realm has come to an end, with cryptocurrencies experiencing a renewed upward trajectory.
Over the past few weeks, the prices of diverse crypto-assets have exhibited consistent growth. In this blog, we'll highlight the cryptocurrencies that have witnessed the most substantial percentage increase in value within a single week (November 20-27). Stay tuned to discover the notable performers in the current crypto landscape.
5th Place: Terra (LUNA) – is it a Come Back?
Leading the charge in the list of the top 5 growing cryptocurrencies of the week is Terra Luna, a familiar name among crypto traders. Impressively, it recorded a remarkable gain of 28.67% within a mere seven days.
As per CoinMarketCap's rankings, Terra Luna currently holds the 93rd position among the top 100 largest cryptocurrencies globally, with a purchase price of $0.82.
Terra, the public blockchain, traces its roots back to Terra Classic and was brought into existence through the efforts of Daniel Shin and Do Kwon.
- Interesting Fact: Terra Ecosystem has a Stable Coin whose price is pegged to US dollars.
4th Place: Sei (SEI) – Newbie in Top Cryptocurrencies
A newcomer to our list of growing cryptocurrencies, Sei has made a significant impact by registering a notable price increase of 40% between November 20 and November 27. As of now, crypto buyers have the opportunity to acquire Sei at a price of $0.21.
In the crypto market, approximately 2 billion Sei coins are currently in circulation, collectively representing a total value of half a billion dollars.
3rd Place: Terra Classic (LUNC) – Another representative of Terra's ecosystem
The past week proved to be remarkably successful for the Terra ecosystem, with Terra Classic securing a position in our top 5 fastest-growing cryptocurrencies following Luna.
LUNC, part of the Terra Classic ecosystem, achieved an impressive gain of 51% within just one week. As a result, it now boasts a market capitalization approaching $680 million. This surge highlights the momentum and strength of the Terra ecosystem, capturing the attention of investors and enthusiasts alike.
Investors who committed $1000 to cryptocurrency at the beginning of the week would be pleased to see a profit of $510 after just seven days—a notable return on investment.
The distinguishing feature of Terra Classic lies in its innovative combination of the Terra Classic family of stable cryptocurrencies with Terra Classic technology. This results in a cryptocurrency with a fixed price tethered to the US dollar, and notably, crypto transfers encounter minimal obstacles.
In terms of network security, the Terra blockchain employs the Proof of Stake consensus mechanism, ensuring that individuals engaged in the blockchain are assured of receiving their Terra coins. This approach adds an extra layer of reliability and stability to the Terra ecosystem, further enhancing its appeal to investors and users alike.
2nd Place: Blur (BLUR) – NFT and Cryptocurrency
Blur takes center stage as the primary token on the NFT trading platform, facilitating the buying and selling of NFT artworks crafted by diverse artists.
The creators of Blur tout their token as the swiftest and most technologically advanced in the NFT realm, making it a preferred choice for numerous artists. This technological edge contributes to the platform's popularity among creators seeking an efficient and cutting-edge NFT trading experience.
In the past week, BLUR has demonstrated remarkable performance with a 56% increase, securing the 2nd position in our top cryptocurrencies. As of now, this asset is available for purchase at $0.52, further solidifying its position as a notable player in the dynamic cryptocurrency landscape.
For a trader who invested $1000 in Blur tokens at the beginning of last week, the current status of their investment reflects a significant gain. With the current value totaling $1560, this trader has experienced a profit of $560 in just seven days.
1st Place: TerraClassicUSD (USTC) – Terra is conquering the Crypto Market!
The Terra ecosystem continues to make waves in our list of top growing cryptocurrencies, and this time, TerraClassicUSD claims the top spot with a remarkable increase recorded within just one week.
USTC Terra, as a stable cryptocurrency, derives its stability from its backing by the USD. In the past week, Terra Classic has emerged as the unequivocal leader in growth rate, witnessing an astounding 365% increase in its asset price.
In straightforward terms, if a user invested $1000 in Terra Classic at the beginning of the week, their investment would have multiplied, reaching a total value of $4650 at the end of the week. This translates to a remarkable 7-day profit of $3650, underscoring the significant growth and potential returns associated with buying USTC within the Terra ecosystem.