The world’s flagship crypto, Bitcoin, is presently on a strong bullish run in regards to breaching another all-time high of $42,000 before pulling back around $40,200 as weekly gains of just 37%.
Still, 4 cryptos have surpassed the flagship crypto in 2021 alone, having registered weekly gains of more than 100% at the time of drafting this report.
READ: Crypto market breaks past $1 trillion for the 1st time in history
The leader of the pack is Nano which rallied by 276% in the last 7 days.
The crypto asset is created for enabling quick transactions with no fees and little hardware needed. It has a market value of about $580 million.
READ: XRP drops 14% over lawsuit from U.S Securities and Exchange Commission
Loopring comes in second with a weekly gain of 130%. Loopring is a protocol built on Ethereum, and created to power a fast and cheap decentralized exchange. Loopring’s market value is about $485 million.
Stellar comes in third on the account that it rallied by 125% over the past week,. Stellar is an open platform that permits its users’ funds transferred and stored.
READ: Bitcoin, Cardano, Polkadot, Ethereum suffer heavy losses over proposed regulations
It began operation about 6 years ago, with the major objective being to boost financial inclusion globally by reaching the world’s unbanked, prevalent in many parts of Africa and minor Asia. It, however, updated such objectives by focusing on assisting financial institutions to connect with each other through blockchain technology. Stellar has a market value of $6.5 billion.
READ: Ethereum defying law of gravity surges past $1,050
The fourth is Status with a weekly gain of 101% at press time, the crypto asset has an operating system for mobile appliances. Its functionality includes allowing access to the decentralized applications on Ethereum. Its market value is a little over $214 million.
If you want the world view to change… look at Celsius.Network and look at HEX.com both assets are 2020s top 1 and 2 assests, and you know what, they pay interest on top of price appreciation.
How do I buy and store other coins other than bitcoin?
Dear Olu,
Can you kindly put me through on how to invest in or buy Bitcoin black and a y other viable coin in the market.
Thanks
Are this things really true?
Hello Mr Olu i salute you,
please i been following this column about Cryptos and really it amazed me how it goes, formaly i thought is not real, but eventually i came to realise that as long as is been published at our official dailies such as Nairametric and other dallies and how I have related with one person who are in to it, that’s how i got interested about it. So please could you recommend to me the best cryptos one can invest, and how can one invest is through stock brokers or onlines or direct to the banks, and lastly what’s the minimum amount required for the investment, i mean the lowest man can start with thanks.
How do I get buy bitcoins to buy and trade with it as well. And is all of these real. Thanks
Hi Olu,
I must commend you on the updates you leave here.
Are there other platforms for buying cryptocurrencies other than luno in Nigeria?
I am an investor and the cryptos you have mentioned here are not available on luno.
I would want a place where I can purchase directly other than using up my BTC. And I do not have dollars either
Thanks
I’m interested in investing of bitcoin, can you tell me more and how to go about it.