The cryptocurrency market is finally getting a bullish outlook. Many leading altcoin projects are experiencing a dramatic price increase. We took a look at the top 5 altcoins of the last seven days.
The top altcoin project Binance Coin (BNB)
Binance Coin (BNB) is one of the most popular cryptocurrencies on the market, launched in 2017. BNB holders benefit from numerous advantages and bonuses offered by Binance, the world’s largest cryptocurrency exchange. According to data watchdog CoinMarketCap (CMC), the altcoin is currently trading around $330.04 with a daily trading volume of about $897 million. The altcoin registered a price increase of 7.59% last week.
In second place is the Layer-2 protocol Polygon (MATIC)
The next altcoin project on the top-earning list is Polygon (MATIC). Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is the Polygon SDK, a modular, flexible framework that supports building multiple types of applications. At the time of this writing, MATIC is trading around $1.22 with a one-day trading volume of about $716 million. Meanwhile, MATIC recorded a significant price increase of 9.66% last week.
Avalanche (AVAX), an Ethereum competitor, is also a winner.
Avalanche is a layer-1 Blockchain that functions as a platform for decentralized applications and private Blockchain networks. One of the rivals of Ethereum, which aims to displace Ethereum as the most popular Blockchain for smart contracts. It aims to do this by having higher throughput of up to 6,500 transactions per second without sacrificing scalability. At press time, AXAX has a price of $21.26 and a 24-hour trading volume of about $513 million. Meanwhile, AVAX has gained about 18.97% over the past seven days.
Recently popular altcoin project Litecoin (LTC)
Litecoin is famous for its fast transactions. Many LTC supporters dream of a positive future for this project. Litecoin has a current price of $99.83 and a 24-hour trading volume of about $602 million. At the time of this writing, LTC is up nearly 13.00% in the last week.
Last place is Cosmos (ATOM)
Cosmos is a blockchain ecosystem with lots of long-term potential and appears to be well positioned to stand the test of time. ATOM is currently trading around $14.95. Also, the one-day trading volume is around $268 million. Altcoin is one of the top 5 cryptocurrencies this week, up about 14.94% in the last seven days.
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