Cryptocurrencies are digital assets in which anybody may invest and use to make online purchases. The value of cryptocurrencies has increased dramatically in recent years, far beyond the predictions from most traders.
Let’s take a look at the top performing cryptocurrencies this week of July 13, 2021.
1. Axie Infinity (AXS) – Up 124.31% 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. Players may gather, breed, grow, combat, and trade token-based creatures known as Axies in Axie Infinity.
2. Flow (FLOW) – Up 68.74% in the past week
Flow is a decentralized, and developer-friendly blockchain that will lay the groundwork for a new generation of games, applications, and digital assets. It is the only layer-one blockchain built by a team with a track record of providing excellent consumer blockchain solutions.
3. Stacks (STX) – Up 48.25% in the past week
Stacks is a layer-1 blockchain solution for smart contracts and decentralized applications (DApps) on the Bitcoin network (BTC). These smart contracts are added to Bitcoin without affecting any of the things that make it so effective.
4. KuCoin Token (KCS) – Up 46.12% in the past week
KCS is KuCoin’s native token, which was released in 2017 as a profit-sharing token that allows traders to take advantage of the exchange’s value. It was issued as an ERC-20 token based on Ethereum, which was supported by the vast majority of Ethereum wallets.
KCS is also utilized as a utility token to pay for trading costs on the KuCoin Exchange, allowing users to save money.
5. Terra (LUNA) – Up 46.12% in the past week
Terra’s native token, LUNA, is used to ensure the protocol’s stablecoins’ prices stay consistent. Terra was founded in January 2018 by Daniel Shin and Do Kwon.
It combines the borderless advantages of cryptocurrencies with the price stability of fiat currencies on a day-to-day basis.
Should You Invest in Cryptocurrency?
Despite the relative dangers of cryptocurrency trading, the potential for huge profits has encouraged many people to learn more about the digital currencies. The entire crypto market volume over the previous 24 hours has increased by 26.76 percent to $63.62 billion dollars.
If you want to start investing in cryptocurrencies, you should talk to a financial advisor.