The cryptocurrency world has undergone many corrections in the past week, and many important altcoins have seen significant declines. Despite all these declines, some names of the altcoin world continued to increase their value. Those altcoins that have increased more than 75% are in the continuation of our article.
DESO is one of the decentralized tokens. Despite all these declines, DESO has managed to increase its value by more than 90% in the past 7 days. Of course, DESO is not a very high-volume altcoin and is 75th in the market cap. DESO, which is still at a level that may attract the attention of some investors, is currently trading at $140.16.
DESO hit the markets last week, and entrepreneur, software engineer and BitCloud creator Nadir Al-Naji is behind the project, The Block reported. Al-Naji has received $200 million in investment capital for its new project from a number of venture firms, including Andreessen Horowitz, Sequoia, Social Capital, TQ Ventures, Coinbase Ventures, Winklevoss Capital, Polychain Capital, Pantera Capital and Arrington Capital.
Financial technology (fintech) payment solutions platform COTI (COTI) gained 86.6% last week. The coin, which ranks 140th by market cap, is trading at $0.586221 at the time of writing. Coinbase announced last month that it has added support for COTI on all its platforms.
DYDX, the official token of decentralized margin trading platform dYdx, has also gained 86.6% in the past seven days. The 91st-ranked asset by market cap is trading at $21.98 at the time of writing, according to CoinGecko.
Activity on DeFi trading platforms has increased after China’s recent ban on the cryptocurrency, CoinDesk reported.
CELR, the native token for Tier-2 scaling platform Celer Network, gained 76.9% last week. Ranked 104th by market cap, the token is trading at $0.156322 at the time of writing.
According to the project, Celer Network’s multi-chain network cBridge doubled its transaction volume last week.
Today Celer’s cBridge surpassed $200M in total transaction volume a week after hitting $100M. No sweat. Just a start🏃. Our community can expect more from us.
🌉cBridge supports the most number of chains with the lowest fee in fully non-custodial mode. https://t.co/35fICZsz3A🔖 pic.twitter.com/n0JI06TFva
— CelerNetwork (@CelerNetwork) September 25, 2021
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.