6 minutes
ShareWhat is going on in the Crypto Market?
During the last weeks and especially during the last few days, prices have been going up on Cryptocurrencies. Bitcoin, Ethereum, Solana, and many other famous cryptocurrencies are increasing its price.
For instance, Bitcoin’s price increased by 3% in the last seven days and that was more than enough for other cryptocurrencies to follow the trend – Solana got 7.53% increase, while PEPE got 1.14%.
Experts attribute the crypto market's revival to several factors, with the introduction of Ethereum ETFs being the primary catalyst. On July 23, the SEC approved the sale of Ethereum securities through exchange-traded funds (ETFs). This approval attracted additional investments, as both investment companies and retail investors began purchasing ETF shares.
Moreover, there was growing optimism that cryptocurrency values would surge even more rapidly following this news. The involvement of traditional, reputable stock exchanges in cryptocurrency trading has also bolstered confidence among individuals who previously viewed crypto as a speculative asset or were uninterested.
In this blog, we will highlight the top five cryptocurrencies that have seen the highest percentage increase in value over the past week and explore their potential uses.
AIOZ Network (AIOZ) – 16% Increase
The AIOZ Network (AIOZ) is a blockchain-based content delivery network (CDN) that aims to revolutionize the way digital content is delivered. Instead of using traditional server farms, AIOZ utilizes a decentralized network of nodes. This approach allows users to share unused bandwidth and storage, thereby creating a more efficient and cost-effective content delivery system.
Key features of AIOZ Network:
- Decentralized CDN: Utilizes nodes around the world to store and stream content.
- Lower Costs: Reduces costs for content delivery by using shared resources.
- Scalability: Easily scales with increased demand as more nodes join the network.
- Token Rewards: Users who share their bandwidth and storage are rewarded with AIOZ tokens.
In essence, AIOZ aims to provide a more efficient, scalable, and cost-effective solution for content delivery by leveraging blockchain technology.
Currently, the price of Crypto is $0.6251 and during the last week it increased by 16.23%
Jupiter (JUP) – 16% Increase
Jupiter (JUP) is a cryptocurrency that powers the Jupiter Project, which focuses on creating a secure and accessible blockchain platform for various applications, particularly emphasizing data privacy and protection.
Jupiter (JUP) aims to combine robust security with ease of use, making it a versatile platform for a wide array of blockchain applications while prioritizing user data protection.
Key features of Jupiter (JUP):
- Data Security: Provides strong encryption to protect sensitive data on the blockchain.
- User-Friendly: Aims to make blockchain technology accessible and easy to use for both developers and end-users.
- Applications: Supports a range of applications, including messaging, file sharing, and other data-centric services.
- Scalability: Designed to handle a large volume of transactions efficiently, ensuring smooth performance as usage grows.
Crypto is Priced at $1.21 and it has seen a 16% increase. According to CoinMarketCap crypto is in 53rd position among the biggest assets by Market Cap.
The Jupiter project aims to make blockchain technology accessible to everyone, demonstrating that its benefits can be enjoyed without specialized knowledge. Additionally, Jupiter provides a secure network, ensuring the safety of your digital information. Whether creating or using applications, JUP is highly beneficial, as the network supports various decentralized applications and enables developers to easily leverage blockchain technology for their projects.
Bitcoin Cash (BCH) – 12% Increase
Bitcoin Cash stands out as the most popular and valuable digital asset among our top 5 growing cryptocurrencies. Currently priced at approximately $445, its value has surged by 12.75% over the past week.
In addition to its price and impressive percentage growth, Bitcoin Cash boasts a substantial market capitalization of $8 billion.
Bitcoin users had concerns about the original cryptocurrency's large size and slow transaction times, prompting the need for improvements. Consequently, Bitcoin Cash emerged following a blockchain split, addressing these issues effectively.
The block size in the Bitcoin Cash blockchain was increased, allowing more information to be included in each transaction. This change accelerated transfer speeds without compromising decentralization, maintaining the blockchain's trusted advantages that millions of people worldwide rely on.
If you're looking to buy crypto, Cryptal is here to help. On the platform, you can purchase Bitcoin Cash effortlessly and with the lowest fees. You have two options for buying: Convert and Spot Trade.
- Convert is the way of Buying Crypto effortlessly, without any prior experience, just in a few clicks:
- Enter Cryptal
- Click Buy Crypto
- Choose Bitcoin Cash and Stablecoin
- Indicate the Amount
- Click Buy
That’s it, Your Bitcoin Cash will be allocated to the Crypto Wallet in seconds.
- Spot Trade is the way of Buying Crypto at the best price available, but it’s dedicated to more experienced traders.
While using Spot Trade, you interact with other traders on the exchange who are willing to buy or sell their crypto assets. Basically, people are exchanging their cryptos here on the exchange.
You just indicate that you would like to acquire Bitcoin Cash and indicate the amount, and then you wait for the trader who is willing to sell this specific asset for a certain price.
eCash (XEC) – 11% Increase
As a result of the Bitcoin fork, not only did Bitcoin Cash emerge, but also Bitcoin Cash ABC, which later led to the creation of eCash—a cryptocurrency we can consider the "grandson" of Bitcoin due to its origin and purpose.
eCash is designed for day-to-day transactions, with its creators prioritizing speed, simplicity, and security. Another attractive feature of eCash is its low fees, making it easy to convert into money for everyday use. This positions it as a viable alternative to traditional currency, thanks to its efficiency and affordability.
Over the past seven days, eCash has increased in value by 11.58%, and its market price is currently $0.00003981 on various crypto exchanges.
Pyth Network (PYTH) – 10% Increase
The Pyth Network is a blockchain network dedicated to ensuring decentralized applications function effectively by supplying them with relevant, real-world processed information and facilitating the creation of smart contracts.
Its native cryptocurrency, PYTH, has emerged as one of the top 5 fastest-growing digital assets of the week, experiencing a 10% increase. Currently, the crypto price is hovering around $0.40.
The primary advantage of PYTH is its decentralization, which ensures both the transparency and the security of information.
Moreover, the network's ability to connect and exchange information with numerous other blockchains makes the Pyth Network truly global, driving growing interest in its capabilities.
Summary: The price of Crypto increased during the last 7 days
Recently, the crypto market has seen a surge in activity, particularly over the past seven days, with the value of assets and commodities such as Bitcoin, Solana, and others rising. This upward trend has also boosted the prices of various other digital assets.
Experts attribute this market activity to several factors, with the most significant being the introduction of Ethereum ETFs. These ETFs have brought additional investment, confidence, and optimism to the market.
As a result, the five cryptocurrencies with the highest percentage increases this week are Bitcoin Cash, eCash, PYTH, AIOZ, and Jupiter.