The volatility of the cryptocurrency market is well known. However, this has not stopped individuals, businesses and investment firms from investing their money in crypto. With so much volatility, the week’s top crypto operators have seen some notable gains.
The main movements of cryptography
It is very important to note that there are currently more than 19,000 cryptocurrencies populated on dozens of blockchain platforms. That said, tracking the top movements of all cryptocurrencies will generate a list starting from the smallest coins. And to be honest, there’s no telling how long they’ll be around.
The top movers of the week on this list come from Coinbase. And just because they’re on Coinbase doesn’t mean they’re there. Remember that Terra was one of the top coins trading at $116 only in April 2022. It is now worth $0.000098.
READ MORE: How to make money with cryptocurrency
Best moves of the week: July 30, 2022
|First name||price||To change||Head of market||Volume 24h||supply|
|Optimism – OP||$1.76||1.0501%||414.8 million dollars||788.3 million dollars||234.7 million|
|Ampleforth Governance Token – FORTH||$6.75||0.9341%||105.1 million dollars||481.9 million dollars||15.3 million|
|yearn.finance – YFI||$11523.2||0.7556%||420.7 million dollars||463.7 million dollars||36.6 000|
|Wrapped Ampleforth – WAMPL||$6.5||0.7196%||–||2.1 million dollars||–|
|Green Satoshi Token – GST||$0.057||0.6286%||18.8 million dollars||5.5 million dollars||330.0 m|
|YEAR – YEAR||0.0108 USD||0.6177%||139.9 million dollars||11.3 million dollars||12.8B|
|Ethereum Classic – ETC||$39.33||0.4954%||5.3 million dollars||3.5 million dollars||136.1 million|
|Unifi Protocol DAO – UNFI||$9.32||0.4888%||$42.0 million||463.1 million dollars||4.5 million|
|Tellor – TRB||$25.63||0.4492%||43.7 million dollars||96.6 million dollars||1.7 million|
The three best engines
If you’ve invested in cryptocurrency, the past few months have been rough, and that’s being generous. But like all financial markets, there are opportunities to make money even in a bear market. If you own the top three engines on this list, you could have doubled your money in just seven days. These coins managed to rise up to 105%.
Optimism/OP: up 105.01%
Optimisme is a layer two protocol and smart contract platform that seeks to enable low-cost and near-instantaneous Ethereum transactions. The OP cryptocurrency powers Token House, which will be a division of Optimism Collective along with Citizens’ House. The Collective governs network parameters, treasury disbursements and protocol updates.
Ampleforth Governance Token/FORTH: Up 93.41%
FORTH is a cryptocurrency that powers Ampleforth, a protocol that automatically adjusts the supply of its native token, AMPL, in response to demand. It is the ruling token of Ampleforth. FORTH holders can vote on proposed changes to the Ampleforth protocol or delegate their vote to representatives who vote on their behalf.
Yearn.finance/YFI: Up 75.56%
Yearn.finance (YFI) is an Ethereum token that governs the Yearn.finance platform. The platform is a yield optimizer that moves funds around the decentralized financial ecosystem (“challenge”) in an effort to generate high returns.
Invest in cryptocurrency
Moving from traditional investment avenues to cryptocurrency is a big leap. But it is not that different because you have to do your due diligence before putting your hard earned money. Before investing your money in anything, make sure you are fully aware of the risks. Whether it’s cryptocurrency or a traditional investment avenue, information is your best friend.
Based on this information, make the appropriate investment based on risk. In this sense, investing in cryptocurrency is no different from any other investment. However, cryptocurrencies are unregulated, and their value seems to rise and fall without any rhyme or reason. Sure, they may have great underlying value, but that doesn’t seem to have any impact as the market is mostly driven by how Bitcoin and, to some extent, Ethereum are doing.
As with any type of investment, you should prepare to lose what you put in when investing in cryptocurrencies.
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