It’s Monday again, the perfect day to look back at the past week of cryptocurrency price action. What has been happening? And more specifically, which coins pumped the most in the past week?
The entire crypto market was pretty green in the past week, many coins and tokens increased in value. However, a few stood out. These are the 3 coins, of the top 100 by market capitalization, that skyrocketed the most.
Zilliqa – 89.1%
Zilliqa – ZIL rose by a staggering 89.1% in the past week, almost doubling in value. This puts the price of Zilliqa at around $0.079 and with a market capitalization of over $1.1 billion. But Zilliqa is still far from its all-time high of $0.235 in May 2021.
Zilliqa is an open source blockchain whose main focus is scalability. Zilliqa does this by applying sharding. Sharding is a technology that allows a blockchain to scale not only horizontally, but also vertically. Practically speaking, this allows a lot more transactions to take place at the same time. This way the blockchain can handle more transactions in total and has more potential to grow.
Ethereum Classic – 69.3%
Ethereum Classic – ETC also showed its worth last week. The coin rose by almost 70%. As a result, the price of Ethereum Classic now stands at nearly $50 and with a market capitalization of over $6 billion.
Ethereum Classic was created after a fork of Ethereum. In fact, several people in 2015 saw problems with how Ethereum was built and decided to develop a new version of Ethereum. This new version we currently know as Ethereum. Ethereum Classic is the version of Ethereum as it was before 2015, hence the name ‘classic’.
Loopring – 48.6%
Loopring – LRC also had a green week, as the coin rose by almost 50%. With this increase, the price of Loopring stands at $1.08. This pump has also allowed Loopring to reach a market capitalization of $1 billion.
Loopring is an open, multilateral token exchange protocol on Ethereum. Through Loopring, you can trade tokens on Ethereum and also provide liquidity to earn a passive income. LRC is the utility token of the Loopring network. Where you pay LRC when performing trades on the network..