Following the cryptocurrency boom and metaverse last month, the crypto markets continue to show bullish momentum. With a global cryptocurrency market capitalization of $ 2.6 trillion, it is clear that cryptocurrencies are here to stay. In this article, we take a look at the 5 cryptocurrencies that gained the most prices this week, ranked by 7-day price gain, lowest to highest.
5. OKEx (UN) – $ 29.40 (+ 22.23%)
OKB is the cryptocurrency launched by OKEx, a major cryptocurrency exchange. OKB is the exchange’s utility token that allows users to access some of the unique features of the exchange.
OKB is similar to KuCoin’s KCS, Binance’s BNB, and Crypto.com’s CRO. Exchanges often tend to release your token, which acts as a share for the company. The higher the volume and users of the exchange, the higher the total valuation of your coin.
OKEx has been around since 2017 and is considered a trusted exchange. OKEx has a 24-hour trading volume of more than $ 19 billion.
OKB has had one of the best results this week, gaining more than 9% in the last 24 hours and more than 22.2% in the last week. OKB is trading at $ 29.40, with a market capitalization of $ 1.7 billion.
4. Solana (SOL) – $ 236.71 (+ 25.82%)
Solana describes itself as a decentralized blockchain built to enable scalable and user-friendly applications for the world. It is one of the main launch platforms for tokens and NFTs, competing directly with Ethereum.
According to Solana’s official website, this is the fastest growing ecosystem in the world:
“Solana is the world’s fastest blockchain and the fastest growing crypto ecosystem, with over 400 projects spanning DeFi, NFT, Web3 and more. “
Solana has over 500 different dApps on her platform, from exchanges, NFTs, games, and more.
Solana was one of the best performances this week. SOL is currently trading at $ 236.71, up 4% in the last 24 hours and more than 25% in the last seven days.
Solana has a market capitalization of $ 72 billion, with a 24-hour trading volume of $ 3.69 billion.
3. Polygon (MATIC) – $ 2.31 (+ 41.09%)
Polygon describes itself as “the Internet of Ethereum blockchains.” According to its official website:
“Polygon is a protocol and framework for building and connecting Ethereum-compatible blockchain networks. Aggregation of scalable solutions on Ethereum that support a multi-chain Ethereum ecosystem. “
The Polygon platform is designed for the developer, making it easy to implement blockchain-based applications. Polygon solves a significant problem of high gas costs and low speeds, providing a scalable solution without sacrificing safety.
Polygon is a multi-chain system similar to Polkadot, Cosmos, and Avalanche. However, the advantage of Polygon is that it is inherently more secure, more powerful, and can fully benefit from Ethereum’s network effects.
Polygon is trading at $ 2.31, an increase of 14.6% in the last 24 hours and more than 40% in the last week. MATIC has a market capitalization of $ 16.1 billion, with a 24-hour trading volume of $ 3.4 billion.
2. Stacks (STX) – $ 2.71 (+ 48.38%)
Stacks’ motto is “Unleash the full potential of bitcoin.” Stacks is a platform that allows you to make DeFi, NFT, applications and smart contracts for Bitcoin.
Stacks offers dozens of apps, ranging from wallets, DeFi platforms, tokens, stacking pools, NFT marketplaces, social platforms, etc.
STX uses a mechanism called Proof of Transfer, which is the consensus algorithm that links Stacks and Bitcoin. With PoT, Stacks can bring NFT and DeFi to the Bitcoin blockchain.
In the same way that Polygon allows you to create applications to take advantage of the security of Ethereum, Stacks allows you to create powerful secure applications for Bitcoin.
Stacks are trading at $ 2.62, an increase of 48.38% in the last seven days. STX has a market capitalization of $ 3.4 billion, with a 24-hour trading volume of $ 214 million.
1. Earth (MOON) – $ 67.09 (+ 68.44%)
This week, the main winner is none other than Terra, a public blockchain protocol that makes DeFi available to everyone. Terra’s motto is “Programmable Money for the Internet.”
Terra has a vibrant ecosystem comprising hundreds of dApps, ranging from Bets, NFT, ETF, DeFi, Real Estate, DEX, Launchpad, and more.
What makes Terra blockchain unique is that it can host multiple algorithmic stable coins 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 native share protocol that soaks up Terra’s price volatility.
LUNA is currently trading at $ 66.99, an increase of 5% in the last 24 hours and more than 68.73% in the last seven days. As of this writing, Terra has a market capitalization of $ 26 billion, with a 24-hour trading volume of $ 2.3 billion.
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