After managing to gather momentum over the weekend, cryptocurrency prices have shot up. Companies in this sector are likely to earn a profit as we progress toward a more digital society, regardless of what happens with cryptocurrencies.
Let’s take a look at the cryptocurrencies that have performed the best this week.
1. Axie Infinity (AXS) – Up 9.46% in the past week.
Axie Infinity is a blockchain-based trade and combat game in which participants own and control a portion of the company. This cryptocurrency lets players acquire and trade Axies, which are token-based organisms.
Axie Infinity Shards are the unique governance token for the Axie Infinity ecosystem (AXS).
2. Telcoin (TEL) – Up 7.38% in the past week.
Telcoin strives to deliver rapid and inexpensive user-owned financial solutions. TEL allows end users to access and power a worldwide array of user-owned, decentralized financial products in a seamless manner.
3. Amp (AMP) – Up 5.18% in the past week.
Amp is a digital collateral token that provides fast and verifiable guarantees for any value transfer. Through a system of collateral divisions and collateral managers, Amp provides a simple yet adaptable interface for verified collateralization.
4. OKB (OKB) – Up 3.86% in the past week.
The OKEx utility token, OKB, allows customers to get access to the crypto exchange’s unique features. The token is used to compute and pay trading fees, to give users access to platform voting and governance, and to compensate customers for holding OKB.
5. Polygon (MATIC) – Up 2.79% in the past week.
Polygon is the world’s first well-structured, simple-to-use Ethereum scaling and infrastructure development platform. With Polygon SDK, the framework’s basic component, is a modular, adaptable framework that can be used to create a variety of applications.
Should You Invest in Cryptocurrency?
Popular cryptocurrencies have been falling in value for more than a week. Despite the risks associated with cryptocurrency trading, investments in cryptocurrency are increasing across the country.
If you want to start investing in cryptocurrencies, you should consult with a financial advisor first.