Top Crypto Gainers This Week – Matic, Shiba Inu, Enjin

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In the last 7 days, some low-performing cryptos have witnessed massive jumps in their prices. The crypto market being a highly volatile one, sudden ups and downs in the value of cryptos are quite common.

We have listed down Top Crypto Gainers in the last week to have a better understanding of their price movements.

9 Top Crypto Gainers This Week

1. Polygon (MATIC)

Polygon is a decentralized protocol developed for the purpose of resolving the issues of scalability on the Ethereum Blockchain. The platform can be used to create different types of infrastructure like ZK rollup chains, optimistic rollup, etc. The core component Polygon SDK helps in building different types of applications as per the needs of the developers.

MATIC is the native token of the platform. It is an ERC 20 token used for making payments while using the Polygon network. It also works as a settlement currency between the users of the network. It can also be staked to govern and secure the network.

It has witnessed a 28.74% increase in its price in the last week. The token is currently viewed by many investors as a profitable long-term investment option. Its price forecast predicts its price to cross $11 in the next 5 years.

MATIC is currently trading at a price of $0.505, with a 24-hour trading volume of $9.38 million. It currently has a market capitalization of $4 billion. It has 8 Billion coins in circulation and a maximum supply of 10 billion coins.

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2. Shiba Inu (SHIB)

SHIB is an ETH-based altcoin, which was first created as a meme coin. The coin is named after the Japanese Dog breed, Shiba Inu. It is one of the top gainers in the last 1 week with a 25.73% increase in its value. It is currently ranked at no. 15 in CoinMarketCap as per market capitalization.

The coin rose to popularity after Tesla founder Elon Musk tweeted about his interest to own a Shiba puppy. The tweet instantly raised the value of the coin to up to 300%.

It is considered as a strong alternative to Dogecoin. It is one of the 3 coins of the Shiba Inu Ecosystem besides Leash and Bone.

Its current market price is $0.000010 and 24-hour trading volume is $8.31 million. It currently enjoys a market capitalization of $5 billion. It has 549,063.28 billion coins in circulation and a maximum supply of 589,735 billion coins.

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3. Enjin Coin (ENJ)

Enjin is an open-source decentralized protocol that works as a platform for the creation of virtual goods, NFTs, gaming apps, and other applications on the ETH blockchain.

ENJ coin was first launched in the Ethereum mainnet in June 2018. It works as a store of value to back the value of the assets created on the platform. Every asset that is minted on the Enjin platform contains ENJ. These assets can be destroyed anytime to retrieve the underlying ENJ value. The token also provides utility in games and apps across the platform.

Enjin is currently trading at a floor price of $0.51. Its 24-hour trading volume is $131 million. It currently has a market capitalization of $456 million. It has 895 million coins in circulation and a maximum supply of 1000 million coins.

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4. Synthetix (SNX)

Synthetix is a DeFi protocol that facilitates the trading and exchanging of synthetic assets on Ethereum without the need of a third-party facilitator.

SNX is the utility and governance token of the protocol. It is an ETH token. They are used as collateral when synthetic assets are minted. SNX tokens are automatically locked up in a smart contract when synths are issued.

The value of the coin witnessed tremendous growth in the last 7 days (71.42%). Experts predict the value of the coin to grow steadily in the coming years.

SNX is now priced at $3.06 with a market cap of around $352 million. Its trading volume is $188 million in the last 24 hours. The total number of tokens in supply at the time of writing is over 114 million SNX and it can reach a maximum of 212,424,133 DPS.

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5. Compound (COMP)

Compound is a decentralized financial platform facilitating the borrowing and lending of digital assets. Crypto holders can deposit their tokens into the Compound pool and receive cTokens in return.

Its native token COMP can be used to lend cryptos to the lending pools. It also allows holders with voting rights to exercise the same for implementing changes in the protocol. And borrowers can borrow from the Compound Pool by depositing collaterals. The platform provides good opportunities for crypto holders to earn interest on their idle crypto holdings.

COMP is an Ethereum-based token that facilitates community governance of the Compound protocol. Holders can delegate voting rights to address issues pertaining to the network and introduce changes.

COMP is currently trading at a price of $42.29, with a 24-hour trading volume of $67.85 million. It currently has a market capitalization of $302,490,954. It has 7.15 million coins in circulation and a maximum supply of 10 million coins.

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6. Maker (MKR)

MKR is the governance token of the Maker DAO and Maker Protocol. Maker DAO is an open-source project built on the Ethereum blockchain. It is managed and governed by the MKR holders.

The Maker protocol helps in the creation of the DAI stable coin by depositing collateral into the platform. The Maker DAO governs both the Maker protocol and DAI.

MKR is available on some popular platforms like Binance, eToro, Coinbase, etc.

MKR’s current floor price is $942.98 per coin, with a 24-hour trading volume of $106.55 million. It enjoys a market cap of $921.65. It has 977,631.04 MKR coins in circulation and a maximum supply of 1,005,577 coins.

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7. Waves (WAVES)

Waves is a multi-purpose Blockchain platform that facilitates the launching, trading and distribution of users’ own crypto tokens. The platform allows users to build user-friendly and scalable apps as well as custom tokens.

The WAVES token helps in maintaining the Waves platform. It can be used to pay for transaction fees across the network.

WAVES coin is currently trading at around $6.18 with a 24-hour trading volume of around $686.99 million. Its total market supply is $672 million with 108,607,756 WAVES coins in circulation at the time of writing. Its total supply is 108,607,756 coins.

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8. Uniswap (UNI)

Uniswap is a DeFi platform that supports peer-to-peer swapping of ERC-20 tokens. It does away with the requirement of a third party and completes swapping transactions on the basis of swap rate. The swap rate of tokens is calculated on the basis of factors like demand, price, market cap, etc. Hence, there is no issue of liquidity.

UNI is the native DeFi coin of the Uniswap Platform. Users earn UNI tokens by staking cryptos in Uniswap’s liquidity pools. The token is also used in the governance of the Uniswap protocol.

Its current market price is $5.27 and its 24-hour trading volume is $219,714,697. It currently enjoys a market capitalization of $3,865,262,667. Currently, 733,302,192.99 UNI coins are in circulation and the max supply is 1000 million coins.

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9. STEPN (GMT)

STEPN is a decentralized lifestyle app built on the Solana Blockchain. It aims to revolutionize the market of fitness applications by rewarding users with crypto for performing physical activities (walking, running, and jogging). Users need to buy NFT sneakers to start earning through the App. The rewards are earned in Green Satoshi Tokens (GST). GST is its utility token. The rate of earning GST varies with the type of sneakers.

GMT is the governance token of the platform. It can be earned after the user has levelled up to sneaker level 30. The value of the coin rose up to 26.10% in the last 7 days.

Its current trading price is $0.7798 and its 24-hour trading volume is $274.99 million. The current market capitalization is $467 million. It has 600,000,000 coins in circulation and a maximum supply is capped at 6000 million coins.

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Best Platform To Buy Cryptos

Some of the top platforms to buy top cryptos:

1. eToro

eToro is our top recommendation to buy top-performing cryptos. It offers a wide range of options in crypto and allows users to start their investments with just $10. ($10 minimum deposit for UK and US residents).

If you are a new investor, eToro is the best platform to go for because of its user-friendly interface. You can seamlessly navigate through the functionalities of the platform.

Being a regulated platform, it is highly secure and keeps users’ safe from cyber attacks.

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2. Binance

Binance offers the highest number of crypto assets. Hence it is highly preferred by experienced crypto investors who want to go for a diversified crypto portfolio. Its trading fees are very low, which is generally less than 0.10% of the trade value.

The advanced tools and functionalities offered by Binance help traders perform technical analysis before making investing decisions.

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