ASK LEO: What 4 Currencies Are Ending The Week On a Good Note?
As the year draws to a close, it is quite imperative to point out some specific significant cryptocurrencies that have managed to weather the recent storm, including the negative trend and the FTX crash, which made matters worse.
Amid the tough times, several digital assets are witnessing increased investor interest, resulting in a short-term rally. This article will list at least three digital assets leading the crypto market in seven-day gains for the week ending December 9.
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1. Trust Wallet Token (TWT)
Fortunately for the investors who followed Changpeng Zhao's guidance, their investments are secure and have increased significantly. He had urged investors to think about securing their digital assets using the Trust Wallet. An idea to which some obliged. The coin is now trading for $2.66, an increase of more than 11%. (at the time of writing).
2. EOS
EOS's price has soared by over 10% in only seven days and is now trading at $1.02 (at the time of writing)
The asset has managed to sustain a bullish momentum since August’s announcement of plans to launch the Antelope protocol to rebrand the network, making it independent.
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3. Axie Infinity (AXS)
AXS was trading at $8.04 at the time this article was written, indicating a favorable trend and a gain of more than 16% in just seven days. Additionally, over the past few days, the assets have seen a tremendous increase in trading volume.
With the assets also recording increased trading volume in recent days, a Finbold report on December 5 indicated that decentralized finance (DeFi) rallied almost 24% in 24 hours. At the same time, amid the prevailing market bearish conditions, AXS’s bullish momentum can be attributed to the ongoing network developed to decentralize the blockchain.
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4. Stacks (STX)
In case you are unfamiliar, stacks is a token used in the STX ecosystem to execute payments and contracts. Similar to the tokens as mentioned above, STX has increased by 10.44% in just one week and is currently trading at $0.26(at the time of writing).
The latest gains come as the developers work on Stacks 2.0, an upgrade that will allow dApps to run on the Stacks blockchain, to place the network as an Ethereum (ETH) competitor.
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Posted Using LeoFinance Beta