Last week, Bitcoin exhibited an interesting price action. Despite the mid-week decline, it started to rise over the weekend and managed to rise above $21,000 again. The leading crypto is still trading above $21,000. However, apart from BTC, many altcoins in the market have also made significant gains. With most altcoins posting double-digit gains throughout the week, there are three cryptos topping this list: Chiliz, Arweave, OKB.
Chiliz (CHZ)
At the top of the list, CHZ is known as the native cryptocurrency of the sports fans engagement platform Socios.com. Besides 2022 FIFA World Cup It will begin on November 20 in Qatar. The excitement of the 2022 FIFA World Cup has created an explosion in fan tokens and other sports-related assets. Altcoin CHZ has also been at the forefront of cryptocurrency rallies.
At press time, CHZ is trading at $0.27, up 4.41 percent in the last 24 hours. During the week, the asset was up 41.52 percent. This increase took Dogecoin as high as $0.20.
Arweave (AR)
Meta, the parent company of social media platform Instagram, will use Arweave (AR) to store NFTs produced by its manufacturers on Instagram. reported. News about the integration of Arweave’s decentralized storage services pushed the altcoin price up this week.
AR was up 35% over the week.
OCD (OCD)
OKB, the native token of popular crypto exchange OKX, has gained nearly 33% over the past 7 days, hitting a new monthly high of $22.75.
OKX, the exchange behind the OKB token, has accelerated the valuation of the token by registering itself as a Digital Asset Business in the Bahamas. The company has also opened an office in the island nation’s capital, Nassau, which plans to hire at least 100 people. Following these developments, there was a marked increase in the altcoin price.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.