We now have more cryptocurrencies than we had last week. There are now 1,610 cryptos and their combined market cap stands at $459 billion. Bitcoin, the largest of the cryptocurrencies both in value and dominance has risen from $9,200 to stay above $9,700 on Friday, May 5th. Other major cryptos have imitated Bitcoin’s performance and it can be said that the crypto market has continued its rally this week. We have new top cryptos different from those of last week, that have performed spectacularly well especially in terms of the volumes traded and value.
Top cryptocurrencies of the week
Dignity – DIG
This is a unique crypto whose value is pegged to the value of gold. It is designed in such a way that after some years, you can swap your Cyptobontix tokens for real bullion. Of late, the crypto has received a lot of attention and this might be the reason why the volumes and the price have surged.
In mid-April, DNG token was attracting a price of $0.057 but at the end of the month the value had shot up to reach $0.18. The crypto has managed to stay above $0.1 since April 29th while the volumes have not gone below $2.2 million. On Thursday, May 3rd, the token touched a high of $0.21 and the volumes traded stood at $4.6 million. No market cap information is available. In the morning hours of Friday, the crypto’s price was $0.258 and the DNGs traded were worth $4.49 million. This represented a growth of more than 307%.
Primecoin – XPM
Primecoin is a new crypto which acts as a form of digital currency that is secured by cryptography. The uniqueness about this cryptocurrency is that it introduces a different proof-of-work system which is based on prime numbers. According to the team behind the coin, it offers improved security and can be used in mathematical research.
The crypto started the week at a $0.8. Over the week, the token rose in value to reach a high of $4.11 on May 1st. The crypto closed at $3.2 on Thursday, May 3rd and in the morning hours of Friday, it was commanding a price of $3.54 which represented a growth of 13.7%. Even though the 24-hour traded volumes have dropped from a high of $9 million on Apr 28th to $2.9 million on Friday morning, the market cap has grown to reach $83 million. The overall growth of the crypto is 282% in the past one week.
All Sports – SOC
All Sports is one of the few cryptocurrencies dedicated to the sports industry. The team behind the crypto has employed blockchain technology to create a decentralized globalized, sports chain which can be shared by two or more parties. The team aims to complete the development of a sports prediction entertainment platform in the first half of 2019.
On Friday, Apr 27th, All Sports was attracting an average price of $0.04. Over the past few days, the token has managed to reach a high of $0.156. On Thursday, May 3rd, the closing price was $0.13 and in the morning hours of Friday, it was at $0.14. The volumes have climbed from $11 million on Apr 27th to reach $24 million on May 4th. The market cap has also grown from $32 million over the week to reach $104 million on Friday. The overall growth of the crypto for the week was 188%.
True Chain – TRUE
This is one of the many cryptocurrencies launched in 2017 but got listed on coinmarketcap in late January this year. The crypto is designed to bring blockchain technology to business communities by supporting performance demanding commercial applications. It aims to handle real-world issues using blockchain technology but based on how commercial applications evolve.
On Friday, Apr 27th, TRUE token was commanding an average price of $0.9. Over the past one week, it has grown to reach a high of $2.67 on Thursday, May 3rd. The closing price on Thursday was $2.3 and it had reached a high of $2.4 in the morning hours of Friday. This represented a growth of 43%. The volumes traded have climbed from $49 million on Apr 27th to reach a high of $302 on Friday morning. The market cap has also increased from $21 million to $61 million in a span of one week. The growth of the crypto during the week was 165%.
Bottos – BTO
Bottos is a decentralized data sharing network protocol which is based on blockchain technology. It has also been designed to be a consensus-based one-stop platform which can be used to implement the registration, distribution and the transformation of data among different participants within the broad-based artificial intelligence ecosystem. The team behind the crypto aims to build and become the largest global data sharing network that will incorporate AI ecosystem and which will be backed by smart data contracts based on blockchain technology.
The crypto closed the previous week at $0.133 which was a good high when compared with the performance of the other cryptocurrencies over the past few weeks. Over the past few days, the crypto has grown to attract a price of $0.37 as of Thursday, May 3rd. In the morning hours of Friday, the price was $0.35 while the volumes were at $8.4 million up from $1.43 million on Friday the previous week. The market cap was at $166 million up from $65 million the previous week. The growth of the crypto was 163% during the week.