Top Performing Cryptocurrencies of the Week
The cryptocurrency industry opened the second quarter of 2022 with a correction. The market leader quickly fell more than 6.4% in value to rest at $44.4,000, while correspondingly losing almost 6% in value to hit 24-hour lows at $3.225 early. Friday 1st. The overall crypto market has so far shrunk by around 6%, with its market capitalization dropping to $2.07 trillion.
Despite this, the week was marked by impressive bullish rallies. Here is the list of coins that made the biggest gains in the last 7 days.
Ziliqa (ZIL) +379%
Zilliqa (ZIL) was the undisputed winner of the week, recording an exponential growth of 379% in a single week as the price of ZIL surged from $0.0474 on March 25 to $0.2255 today. The coin now ranks 51st among cryptos with a market cap of $2.5 billion, leaving it 16% below its all-time high of $0.2553.
The majestic bull run really took off after Zilliqa announced the upcoming launch of its Metapolis platform for this Saturday, April 2. The interoperable “metaverse-as-a-service” (MaaS) platform offers configuration services for users to create their own metaverse, and has been hailed as a game-changing technology for the entire industry.
Waves (WAVES) +103%
Wave (WAVES) brought good tides this week as it rose over 103% from $30.49 recorded last Friday to an all-time high of $62.03 on the first day of April. The token ranks 30th among cryptocurrencies with a market capitalization of $5.9 billion.
The WAVES price increase was fueled by the 338% growth in total value locked to the Waves-based “Neutrino” protocol, which allows Neutrino USD (USDN) algorithmic stablecoins to be backed by the WAVES token. Neutrino has increased the supply of its stablecoins since February, which has led to equal value in the number of WAVES tokens locked to mint new USDN, potentially playing a significant role in the growing demand for WAVES tokens.
VeChain (VET) +59%
The price of VeChain (VET) has increased by 59% in the last 7 days, reaching highs of $0.08858 on Thursday, a price level not seen since the first days of January, dropping VET to 33rd in the rankings. biggest crypto coins.
The asset rallied in light of the wave of positive news from the VeChain Foundation, which has strengthened its presence and established important collaborations in Europe, even becoming a member of the Consumer Goods Forum (CGF), which brings together CEOs and senior executives. from more than 400 retailers, manufacturers and relevant stakeholders from nearly 70 countries, with combined sales of $2.79 trillion.
Aave (AAVE) +49%
Aave has recorded a massive growth of almost 50% since March 2, rapidly rising from $161.39 to $239.98 on Wednesday 30. This is the highest price for the token that AAVE, which is currently showing a market cap of $2.9 billion, reached in nearly three months.
The momentous rally, which initially gained momentum earlier in March, intensified after the innovative and powerful Aave V3 protocol went live on the project’s mainnet across 6 different networks, making transactions cheaper and more efficient, thus encouraging the whales to accumulate the active ingredient.
Decentralized storage and cloud services network Filecoin has made gains of almost 50% this week, rising from its price of $18.64 noted last Friday to a much improved $27.78 on Tuesday 29th, making it the 37th largest crypto on the market with a $4.3 billion market. cap. FIL has since corrected 14%, but remains at its highest level in 30 days.
Although the price of Filecoin broke its downward trend with the impressive pump, there were no other driving factors behind the push apart from the growing storage capacity of the project and the steady growing demand for the Web 2.0 and Web 3.0.
Sign up to get the reverse of crypto
Improve your inbox and receive our DailyCoin editors’ picks 1 time per week straight to your inbox.
You can always unsubscribe in 1 click.