If cryptocurrency was a stock, it would probably be the most volatile there is. This is not just specific to individual coins but the whole market in general. There are thousands of them but CryptoNewsFocus will be looking at the top 5 relevant coins that gained the most this week. The coins from the 100 cryptocurrencies include:
- Chiliz (CHZ) :28.8%
- Celsius (CEL) :8.71%
- Shiba Inu (SHIB) :4.95%
- Gnosis (GNO) :3.17%
Chiliz, just like the rest of the crypto market, has had a tough year since November last year. However, this changed in June when the coin was able to break past the downward resistance line. Since then the coin has been able to go as high as $0.27 according to CoinMarketCap data Yesterday the 28th of August.
Ranking at the 47th position by market capitalization, the coin is priced at $0.198. it may not be a week’s high but it has a 28.8% increase in the last week. CHZ has been involved in exclusive deals with major entities such as Arsenal FC. Read more on that here.
Getting to as high as $4.35 four days ago, Celsius has been on a serging tread for the last one week. Despite being lower than the week’s high the coin has managed an 8.71% increase in the last week even priced at $2.70 at the time of press. CEL is currently ranked at 67th position.
Shib which has gained popularity recently managing to kick out dominating coins out of the top ten has broken the 0.0000128 resistance. This happened on the 14th of this month and went all the way to the 0.000018 mark. Although the coin has fallen back to the 0.0000128 resistance area, it is still green since a week ago with 4.95%.
probably one of the least popular among the five, the coin has managed to gain in the last week even with a bear market. The coin, just like CHZ hit the week high yesterday of $205. GNO has broken out of the climbing support line and had dropped to $186. This however is still a 3.17% increase in the last 7 days.
Once among the top ten and one of the oldest projects to exist, EOS is looking to reclaim its position. Although very slowly the coin has scaled by 1.57% in the last 7 days. Since July 27th the coin has been generally on an acceding quest getting to as high as $1.83 two days ago.
Although the has since getting $1.83 mark been steadily plummeting, EOS has not fallen to the 3-month resistance line yet but is very close to it.