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Top 5 Crypto Gainers to Invest (Nov. Week 2)
Are you unsure about which cryptocurrencies are the most promising investment trend? At TruBit, we've curated a weekly roundup showcasing our Top 5 picks, focusing on those with notable price surges over the past week. Given the volatile nature of crypto, staying updated on the latest trends is crucial. Therefore, we advise you to peruse our weekly crypto news digest for insights into factors that could influence market prices.
Token | Rank - Price - Trending | Market Cap - Trading Volume | Project Introduction - Token Function - Recent Activity |
Rank: #48
Price: $ 0.8926
7d: 32.51% 📈 | Market Cap: $1,119,460,247
Trading Volume: $110,457,271 | Project Introduction: Immutable (IMX) is a layer-two scaling solution for NFTs on Ethereum, offering high scalability, zero gas fees for NFT transactions, and robust security without compromising user experience.
Token Function: Immutable X token leverages zk-rollups technology to offer a scalable, gas-free trading experience, positioning it as a leader in Ethereum-based NFT marketplaces.
Recent Activity: Ubisoft has partnered with Immutable to create AAA blockchain games, integrating Web3 features through Ubisoft’s Strategic Innovation Lab. | |
Rank: #12
Price: $ 14.54
7d: 32.46% 📈 | Market Cap: $8,080,391,895
Trading Volume: $1,617,808,120 | Project Introduction: Chainlink is a blockchain platform that connects smart contracts with off-chain data, established in 2017. It's a foundational network supported by an extensive open-source community, enhancing smart contract functionality through external data.
Token Function: LINK is Chainlink’s currency, central to its oracle network. It enables data transactions and compensates node operators, playing a key role in the security and efficiency of DeFi platforms.
Recent Activity: LINK has notably appreciated, increasing by over 30% in two weeks and nearly 100% in the past month, marking it as one of 2023's top-performing cryptocurrencies. | |
Rank: #30
Price: $2.32
7d: 31.15% 📈 | Market Cap: $2,070,625,739
Trading Volume: $301,814,983 | Project Introduction: Lido DAO provides liquid staking for Ethereum and Polygon, offering stETH tokens in return for staked ETH, with a focus on security and decentralized governance.
Token Function: LDO, Lido's governance token, empowers holders to vote on key decisions, facilitating staking for a broader audience without the complexity of running a validator.
Recent Activity: Coinbase's release of 20 million LDO from Lido Finance sparked a price increase for LDO, with expert predictions both optimistic and cautious for its short-term trajectory. | |
Rank: #71
Price: $0.02337
7d: 27.85% 📈 | Market Cap: $599,515,669
Trading Volume: $402,807,931 | Project Introduction: Gala Games merges gaming with Web3, offering free AAA games and a platform that empowers players with more control and rewards, positioning itself as a leader in the Web3 gaming market.
Token Function: GALA token facilitates NFT transactions, rewards nodes, and manages network fees on Gala’s blockchain, with its supply reducing by half yearly to promote growth.
Recent Activity: GalaChain has partnered with DWF Labs to expand its layer 1 blockchain, aiming to attract new developers and investors, signaling readiness for significant expansion. | |
Rank: #29
Price: $0.08263
7d: 26.71% 📈 | Market Cap: $2,102,325,160
Trading Volume: $23,870,713 | Project Introduction: Cronos (CRO) is Crypto.com's native token for enhancing cryptocurrency adoption and privacy, pivotal to Crypto.com Pay since its 2018 inception.
Token Function: CRO is used for network validation, transaction fees, cashback rewards, and staking in the Crypto.com ecosystem to further crypto utility.
Recent Activity: CRO's price has hit a 6-month peak of $0.07669, with a bullish trend and high trade volumes pointing to possible continued market dominance, albeit with signs of an impending correction. |