After last month’s crypto and NFT boom, cryptocurrency markets continue to show bullish momentum. With the global cryptocurrency market cap at $2.6 trillion, it’s clear that crypto is here to stay. In this article, we take a look at the top 5 cryptocurrencies that gained the most price this week, ordered by 7-day price gain, lowest to highest.
OKEx (OKB) – $29.40 (+22.23%)
OKB is the cryptocurrency released by OKEx, a major cryptocurrency exchange. OKB is the exchange’s utility token that allows users access to some of the exchange’s unique features.
OKB is similar to KuCoin’s KCS, Binance’s BNB, and Crypto.com’s CRO. It’s a common trend for exchanges to release their token, which acts as a stock for the company. The more volume and users the exchange has, the higher the total valuation of its coin usually is.
OKEx has been around since 2017 and is considered a trusted exchange. At the time of writing, OKEx boasts over $19 billion in 24-hour trading volume, speaking to the sheer scale of the platform.
OKB was a top performer this week, gaining over 9% in the past 24 hours and over 22.2% in the past week. At the time of writing, OKB is trading at $29.40, with a market cap of $1.7 billion. You can purchase OKB on OKEx, Gate.io, MEXC, LBank, and more.
Solana (SOL) – $236.71 (+25.82%)
Solana describes itself as a decentralized blockchain built to enable scalable, user-friendly apps for the world. It’s one of the leading platforms for launching tokens and NFTs, directly competing with Ethereum.
According to Solana’s official website, it’s the fastest-growing ecosystem in the world:
“Solana is the fastest blockchain in the world and the fastest-growing ecosystem in crypto, with over 400 projects spanning DeFi, NFTs, Web3, and more.”
At the time of writing, Solana has over 500 different dApps on its platform, everything ranging from exchanges, NFTs, Games, and more.
With a growing ecosystem comes bullish momentum, and Solana has been a top performer this week. Currently, SOL is trading at $236.71, up 4% in the past 24 hours and up over 25% in the past seven days.
Solana has a market cap of $72 billion, with a 24-hour trading volume of $3.69 billion. You can purchase Solana on Binance, Coinbase Exchange, FTX, Huobi Global, and more.
Polygon (MATIC) – $2.31 (+41.09%)
Polygon describes itself as “Ethereum’s Internet of Blockchains.” According to its official website:
“Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.”
Polygon’s platform is with the developer in mind, making it easy to deploy blockchain-based applications. Polygon solves a significant issue regarding high gas fees and slow speeds, providing a scalable solution without sacrificing security.
Polygon is a multi-chain system similar to Polkadot, Cosmos, and Avalanche. However, the upside with Polygon is that it’s inherently more secure, more powerful, and can fully benefit from Ethereum’s network effects.
At the time of writing, Polygon is trading at $2.31, up 14.6% in the past 24 hours and up over 40% in the past week. MATIC has a market cap of $16.1 billion, with a 24-hour trading volume of $3.4 billion. You can purchase MATIC on Binance, Coinbase Exchange, Huobi Global, KuCoin, Crypto.com, Kraken, and more.
Stacks (STX) – $2.71 (+48.38%)
Stacks’ slogan is “Unleash Bitcoin’s full potential.” Stacks is a platform that enables DeFi, NFTs, apps, and smart contracts for Bitcoin.
At the time of writing, Stacks features dozens of apps, ranging from Wallets, DeFi Platforms, Tokens, Stackins Pools, NFT Marketplaces, Social platforms, and more.
STX uses a mechanism called Proof of Transfer, which is the consensus algorithm that connects Stacks and Bitcoin. With PoT, Stacks can bring NFTs and DeFi to the legacy Bitcoin blockchain.
Similar to how Polygon allows you to build apps to harness Ethereum’s security, Stacks enables you to create powerful apps secured by Bitcoin.
At the time of writing, Stacks is trading at $2.62, up over 48.38% in the past seven days. STX has a market cap of $3.4 billion, with a 24-hour trading volume of $214 million. You can purchase STX on Binance, KuCoin, Gate.io, Crypto.com, OKEx, and more.
Terra (LUNA) – $67.09 (+68.44%)
This week, the top gainer is none other than Terra, a public blockchain protocol bringing DeFi to the masses. Terra’s slogan is “Programmable Money For The Internet.”
Terra has a vibrant ecosystem including hundreds of dApps, ranging from Betting, NFTs, ETFs, DeFi, Real Estate, DEX, Launchpad, and much more.
What makes the Terra blockchain unique is that it’s able to host multiple algorithmic stablecoins on its network. The Terra protocol consists of two tokens, Terra and Luna. Terra is the stablecoin that tracks the price of fiat currencies, and Luna is the protocol’s native staking going that absorbs the price volatility of Terra.
LUNA is currently trading at $66.99, up 5% in the past 24 hours and up over 68.73% in the past seven days. At the time of writing, Terra has a market cap of $26 billion, with a 24-hour trading volume of $2.3 billion. You can purchase Terra on Binance, KuCoin, Huobi Global, Gate.io, Bitfinex, Crypto.com, and more.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.
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