Floki Inu Soars to New Heights in the Cryptocurrency Market
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2022-07-12 | Selina Mathew
With a boom in the blockchain trend in the market, bitcoin and Ethereum is something we all are familiar with. These weird entities come under crypto currency so, what is cryptocurrency?
Cryptocurrency is a digital asset, like digit currency. It is stored in the crypto wallet. Here there are no third parties involved like the banking system. Being digital also brings its drawbacks because the wallet can be hacked effortlessly. In this article, we shall look at the top 5 cryptocurrencies in the market this week.
Convex Finance:
Cover finance is a platform for curve liquidity holders and CRV token holders to earn interests and trading fees on their token. It is quite a successful platform because of its focus on the decentralized exchange of stable coins. In the past 7 days, the price of Convex finance has raised by 54.98%. It has declined by 1.57% in the last 24 hours and is likely to see a rise in hours to come.
Quant(QNT):
It was launched in 2018 to solve the interoperability problem by creating the first blockchain system. QNT is an Ethereum token that aims to connect public and private blockchains. The price of Quant has increased by 49% which made it to the top of the list of cryptocurrencies this week.
QNT/USD 1 DAY PRICE CHART; COINMARKETCAP.COM
Aave (AAVE):
Aave was previously known as ETHLend which is launched in 2017, later in 2018 it was rebranded and named AAVE. It has greater demand in the market because users can choose from nearly 20 cryptocurrencies, giving them more options. This week AAVE has risen by 34.6% marking it’s position at the top of the list.
THORchain(RUNE):
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THORchain is a decentralized exchange network that is running on the tender mint protocol. RUNE is the native token of THORchain. They allow exchange across 7 blockchains. The design of RUNE makes it possible to be used across decentralized environments and multiple blockchains. In the last 7 days, THORchain has seen an increase of 29.2% helping it reach the top 5 cryptocurrencies of the week.
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