Bitcoin and Ethereum Lead the Way
In the past week, the value of bitcoin has surged by over 14%, while ethereum has also experienced a notable 13% increase against the U.S. dollar. These two leading cryptocurrencies have paved the way for the overall growth of the crypto market, which currently features over 11,000 cryptocurrencies spread across 940 exchanges.
The crypto market is currently enjoying steady growth, with its total worth reaching $1.7 trillion. In the last 24 hours alone, the market has witnessed a 2.8% rise, highlighting the increasing interest and investment in digital currencies.
Top Weekly Gainers
While bitcoin and ethereum dominate the headlines, there are several other cryptocurrencies that have experienced impressive upticks in value over the past week.
Leading the charge is the meme coin bonk (BONK), which has seen a significant 226% increase against the U.S. dollar. Following closely behind are ORDI with a 146% surge and BTT with a 117% jump. These three cryptocurrencies have emerged as the top gainers with triple-digit increases.
Other notable gainers include Terra luna classic (LUNC) with a 72% growth and beam (BEAM) with a 60% rise. WEMIX (+60%), HNT (+51%), STX (+43%), and LUNA 2.0 (+40%) have also enjoyed double-digit growth.
High-Volume Tokens in Global Trade
When excluding bitcoin, ethereum, USDT, and USDC, there are several high-volume tokens that have dominated global trade volume this week. SOL, XRP, DOGE, LINK, ADA, and BNB have all registered increases ranging from 7% to 21% over the past week.
While the majority of cryptocurrencies have experienced gains or remained stable, there are a few that have seen a decrease in value. Maker (MKR) saw a 6.4% decrease, while Bitfinex's LEO token dipped by 4.3%. TON fell by 4.3%, BGB by 4.1%, and ILV by roughly 3.8%.
Other cryptocurrencies that experienced a downturn this week include KAS, AAVE, and OKB. Overall, only eight cryptocurrencies recorded losses against the U.S. dollar in the past week.
Share Your Thoughts
What are your thoughts on this week's biggest gainers and losers in the cryptocurrency market? Feel free to share your opinions and insights in the comments section below.
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The best place online to buy silver and gold
Understanding how gold works is essential before you buy it. The precious metal gold is similar to platinum. It is rare and used as money due to its durability and resistance against corrosion. It's difficult to use, so most people prefer purchasing jewelry made from it rather than actual bars.
There are two types today of gold coins. One is legal tender while the other is bullion. The legal tender coins are issued for circulation in a country. They usually have denominations such as $1, $5, $10, and so on.
Bullion coins are only minted to be used for investment purposes. Their value increases over time because of inflation.
They aren’t exchangeable in any currency exchange. If a person purchases $100 worth of gold, 100 grams of the gold will be given to him/her. The $100 value is $100. Each dollar spent earns the buyer 1 gram gold.
When you are looking to purchase gold, the next thing to know is where to get it. You have a few options to choose from if you are looking to buy gold directly through a dealer. You can start by visiting your local coin shop. Another option is to go through a reputable site like eBay. You can also look into buying gold online from private sellers.
Individuals selling gold at wholesale prices and retail prices are known as private sellers. When selling gold through private sellers, you pay a commission fee of 10% to 15% per transaction. A private seller will usually return less money than a coin shop and eBay. This option is often a great choice for investing gold as it allows you more control over its price.
An alternative option to buying gold is to buy physical gold. It is easier to store physical gold than paper certificates. But, you still have to take care of it. Physical gold must be kept safe in an impassible container, such as a vault.
You can either visit a bank, pawnshop or bank to buy gold. A bank can give you a loan up to the amount you intend to invest in Gold. Customers can borrow money from pawnshops to purchase items. Banks tend to charge higher interest rates, while pawnshops are typically lower.
The final option is to ask someone to buy your gold! Selling gold is simple too. Set up a simple account with GoldMoney.com and you will start receiving payments instantly.
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