Meet 5 cryptocurrencies that have appreciated up to 153% in value this week

The cryptocurrency market is booming. Bitcoin, the largest cryptocurrency by market value, had recovered from the corrections of the past few days and was trading at $ 62,632.11 at press time, according to CoinMarketCap.

The second largest cryptocurrency by market value, Ethereum hit a new all-time high of over $ 4,450 on Friday.

In addition to Bitcoin and Ethereum, 5 other Altcoins generated returns that delighted investors: Shiba Inu (SHIB), Descentraland (MANA), Curve DAO Token (CRV), Secret (SCRT) and Helium (HNT).

SHIBA-INU (SHIB)

Meet 5 cryptocurrencies that have appreciated up to 153% in value this week
Meet 5 cryptocurrencies that have appreciated up to 153% in value this week

SHIBA INU (SHIB) cryptocurrency traded at $ 0.00072 on Friday, with a weekly maximum of 153.37% and a market cap of $ 36.7 million.

7 day chart. Source: CoinMarketCap

Cointelegraph publicly that big investors, known in the market as “whales”, are responsible for the investments: 20 directorates control 75% of all Shiba Inu in circulation.

To give you an idea Shiba Inu is up 878% in the last 30 days and has a market cap of $ 36.7 million, but only 20 addresses control the vast majority of the SHIBs currently in circulation.

Decentralized Land (MANA)

Decentraland (MANA) takes second place with a weekly appreciation of 54.12%, Trade on Friday (29) to $ 1.24 and with a market capitalization of USD 2,257,093,910.

7 day chart. Source: CoinMarketCap

Decentraland (MANA) is a virtual reality platform based on the Ethereum blockchain that enables users to create, experience and monetize content and applications.

The platform aims to promote a global network of users to share a common virtual world.

In this virtual world, users buy land and then go through it, build it, and monetize it.

Decentraland went live in 2017 and launched its closed beta in 2019, which was made available to the public in February 2020.

Since then, users have created a wide range of experiences on their LANDs, including interactive games, rich 3D scenes, and a host of other interactive experiences.

MANA tokens can also be used to pay for a variety of avatars, clothing, names and more on the Decentraland marketplace.

Curve DAO Token (CRV)

Curve DAO Token (CRV) is the third token on our list. Quote on USD 4.82 on Friday, it has increased in value by 52.59% in one week, with a market capitalization of USD 1,991,517,023.

7 day chart. Source: CoinMarketCap

CRV is the native token of Curve, a decentralized stablecoin exchange that uses an automatic market maker (AMM) to manage liquidity.

In August, Curve launched a decentralized autonomous organization (DAO) with CRV as an internal token.

The DAO uses the Ethereum platform based creation tool called Aragon to link multiple smart contracts that are used by users to deposit liquidity. However, issues like governance differ from the weighting of Aragon and other aspects.

As published by Cointelegraph, Cointelegraph Markets Pro’s VORTECS ™ data began to see a bullish outlook for CRV on October 25, ahead of the recent price rally.

The rise in price of CRV comes as the protocol continues to build partnerships and integrations across the cryptocurrency ecosystem across multiple first and second tier networks.

Secret (SCRT)

Secret (SCRT) traded at $ 9.05 on Friday, a seven-day high of 48.22% and a market cap of $ 1,362,124,598,453.

7 day chart. Source: CoinMarketCap

Secret Network is a blockchain protocol with integrated data protection for smart contracts and decentralized applications that is operated by its native SCRT token.

According to data from Cointelegraph Markets Pro, market conditions have been favorable for SCRT for some time.

The rise in price and momentum of SCRT came after the introduction of the first anonymous non-fungible tokens (NFTs) on the Secret Network. Made possible by a recent partnership with NFT’s largest market, OpenSea.

Helium (HNT)

Helium token (HNT) traded at $ 28.45 on Friday, with a 7-day revaluation of 32.48% and calculated a market capitalization of USD 2,872,227,839.

7 day chart. Source: CoinMarketCap

Helium (HNT) is a decentralized blockchain network for Internet of Things (IoT) devices.

Launched in July 2019, the Helium network enables low-power wireless devices to communicate with each other and send data over its network from nodes.

The nodes come in the form of so-called hotspots, which are a combination of a wireless gateway and a blockchain mining device.

Users who operate the nodes will receive rewards in Helium’s native cryptocurrency, the HNT token.

Helium has set itself the goal of preparing IoT communication for the future and has been acting since its foundation in 2013 to identify irregularities in the current infrastructure.

The views and opinions expressed are those of the author only and do not necessarily reflect the views of Cointelegraph.com. Every step of investing and trading involves risk, so you should do your own research when making a decision.

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