XcelPay Wallet: Top Trending coins of the week
If you are following up on the crypto news source or cryptocurrency marketplace you may have noticed the rise in the value of coins. As we can see in CoinMarketCap, the upward trend was forming at the beginning of this week. But eventually, it started to settle in the new value and made a new support point.
Coins like Solana (SOL), Polygon, Axie Infinity (AXS) are booming at an amazing rate making it trending most of the days. Although the crypto market is volatile, great fluctuation happens and the price may turn over anytime with a huge dip or rise. Here is the list of some trending cryptos that managed to rise steadily without huge dips in recent days.
Cardano
In recent days, Cardano’s trading volume has raised dramatically causing the coin to surge in price. At the starting of the week, Cardano (ADA) was at around $2.5 and here it is already at $2.8.
To start things off it was even at $1.2 at the start of the month of August and it already doubled in value in just a month. Most people were already investing in Cardano from the very beginning as it brought a different technology and was promising. After it came into the hype from 2021 February, the price escalated quickly as most saw it as a great investment opportunity.
With a market cap of $90B Cardano (ADA) ranks at 3rd position worldwide in cryptocurrency according to market cap.
Ethereum
Ethereum is one of the biggest cryptocurrencies in the world that ranks the second number with a market cap of $379B at the time of writing this article.
Eth is known as one of the safest and greatest investments. Just a month ago it was $2500 and with a huge 36% increase, it is now resting at around $3400. There is no maximum supply of this coin as it has infinity coins. Part of it is because the project is huge and most of the new and trending tokens including Utility tokens run in Ethereum Network.
XcelToken(XLAB) is also a utility token that can be used to book flights and hotels via the XcelTrip website.
Bitcoin
Bitcoin is always trending and there’s always something very interesting about it. People are mass adopting coins like Bitcoin and Ethereum, of course, the reason being it is safe. Don’t forget all the news and craze about cryptocurrency started right after bitcoin shot on value last year.
It went to the all-time high of $64K in April then gradually it made a huge correction making the price fall more than half. Although it is significantly higher than what it was a year ago. Bitcoin has shown huge dips but also huge gains at the same time. Early adopters definitely become millionaires. Now, the price of a bitcoin fluctuates at around $47K and $50K with a trillion-dollar market cap.
Shiba Inu
If you have been following market and community discussions you may have heard Shiba Inu (SHIB) a lot of times being thrown here and there. Let’s get straight to the point, most people see it as a short-term investment for profit.
SHIB is also a meme coin like Dogecoin having no real-world benefits. It runs on Ethereum Network (ERC20) and surprisingly is a Certik certified token. Although the price has gone unnaturally high and significantly higher than what it was some months before it is still very risky to get into. If you know your things you can basically make a good profit out of this token right now as it has a tendency to go high again.
Polygon
Polygon or MATIC in the future is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. It is Scalable, secure, modular, and has a great user experience.
New technology brings new problems, but the MATIC enthusiasts team is actively solving the problems that arise. One interesting fact about the brand is that they gave a job opportunity to the hacker who hacked $611 million of their assets. If it is not interesting then I don’t know what is. Also, the price of the coin seems to be resting a little so it may be the right time to invest in it.
With the gradual decrease in price in the last few weeks, it might again hit the circuit making it more profitable. Till then it is at $1.35 right now which was at $1.62 last week.
The crypto scenario has been getting quite interesting in the last month, let alone last week. But it’s always better to have a long-term investment plan and to diversify your portfolio.
Store and save your valuable cryptos on our Decentralized Wallet without any worries. Download XcelPay Wallet and get a chance to claim an up and coming Defi Token XcelDefi (XLD) that has amazing use cases.
