Cryptocurrencies To Buy and HODL For The Week

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Following a Bitcoin halving, the crypto market has seen a significant surge. The favored coins shift daily. Currently, Hedera, Algorand, Mallconomy, Bonk, and Akash Network are leading the pack. These coins have experienced impressive gains of 82%, 32%, 32%, and 28% respectively. For traders focusing on short-term opportunities, this blog provides valuable insights. At present, there are approximately 24 million cryptocurrencies in existence with a combined market value of around $2.6 trillion.

1.Hedera

Cryptocurrencies To Buy and HODL For The Week

Hashgraph is an open-source and decentralized public ledger system based on proof-of-stake consensus. It’s known for fast transaction processing, making it a hot topic in the crypto community. Recently, its commitment to eco-friendliness has brought it even more attention.

In simpler terms, Hashgraph’s method for verifying transactions is more energy-efficient than Bitcoin’s mining process. Instead of relying heavily on computer processors like Bitcoin does, resulting in high energy consumption, Hashgraph’s consensus system uses significantly less electricity, contributing positively to sustainability.

Today, the price of Hedera has experienced an astonishing surge. During intraday trading, there was a remarkable increase of 60.36%. If we examine the price trend over the past week, Hedera’s price has jumped by a significant 76.63%. Currently, the price stands at $0.14. The market capitalization is an impressive $5,048,737,761, with a 24-hour trading volume of $2,766,187,541. The total supply of Hedera’s native token, HBAR, amounts to 50,000,000,000, but only 35,742,801,273 units are currently in circulation.

2.Algorand

Cryptocurrencies To Buy and HODL For The Week

Established in the year 2019, Algorand represents a groundbreaking cryptocurrency and advanced blockchain system, full of promising possibilities. Hailing from the brilliant mind of Silvio Micali, a renowned cryptographer and Turing Award laureate, this platform is set to make significant strides in the future. So, what sets it apart? Algorand’s distinctive feature is its pure proof-of-stake consensus mechanism that ensures swift and secure transactions while effectively tackling scalability challenges faced by numerous other blockchains. Despite being an emerging technology, it has gained momentum, processing over a million transactions daily in the year 2020.

Over the past month, Algorand has displayed noteworthy progress amidst the current market downturn. The platform managed to lift its value from $0.178 in January to reach a peak of $0.3189 in mid-March. At present, Algorand is trading at $0.220, accompanied by a substantial trading volume of $513,522,159 within the last 24 hours. The price surge over the past day amounted to a significant gain of 15.24%.

3.Mallconomy

At Mallconomy, we create an engaging and prosperous environment where various community members can flourish. This dynamic platform serves as a lively metaverse destination for both shop owners managing their businesses and curious visitors discovering the Mallverse. Equipped with advanced tools like the Launchpad and Rewards App, Malleconomy continues to expand its reach and fosters collaboration, creativity, and equitable compensation.

The influence of Mallconomy continues to grow, bringing about collaboration, innovation, and fair compensation through advanced features like the Launchpad and Rewards App. In essence, Malleconomy functions as a comprehensive hub catering to all requirements in the realm of Web 3.0 and metaverse.

4.Bonk

Cryptocurrencies To Buy and HODL For The Week

For those enamored with Solana, you’re likely familiar with the buzz surrounding Bonk, the biggest memecoin on the platform, boasting impressive performance since its debut. In a short span after launching, Bonk left investors in awe, generating over 4000% returns. From a tokenomics perspective, the Solana community was gifted half of the BONK tokens through an airdrop. This group encompasses developers, NFT collectors, DeFi users, and artists. The remaining portion was allocated for marketing efforts, DAO initiatives, and liquidity.

Over the past month, Bonk has delivered impressive gains, despite the recent market downturn causing some platform adjustments. Bonk’s price rose from $0.222 in January to $0.260 around mid-March. Presently, Algorand is valued at $0.220 and recorded a daily trading volume of approximately $513 million. In the last 24 hours, Bonk’s price surged by an impressive 15.24%.

4. Akash Network

Cryptocurrencies To Buy and HODL For The Week

Akash Network is known as the top-tier “supercloud” solution, offering a decentralized marketplace for cloud computing resources. By redefining the cloud computing sector, it invites access to a wide range of computing power. This platform boasts cost efficiency, security, and transparency. Built using Cosmos SDK as its Layer-1 protocol, Akash Network strives to enhance conventional cloud computing without sacrificing dependability or speed. It smoothly switches between various cloud providers with ease.

Today, Akash Network’s price has experienced a remarkable surge. Intraday, the price has risen by 28%. Over the past week, the price has gone up by 38%. Currently, one AKT is priced at $5.24. The market capitalization amounts to $1,229,387,875, and the trading volume in the last 24 hours was $68,412,204. There are a total of 234,532,139 AKT in existence, and 234,532,139 AKT are currently in circulation.

Conclusion

Here are some coins that are popular right now. Notably, Hedera has experienced a significant price increase, earning it the number one spot. However, keep in mind that the rankings may shift tomorrow, so intraday traders might consider selling their holdings at this time.

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2024-04-24 15:42