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Five tokens have grown more than 1.5 times in a week 

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Five tokens have grown

Five tokens have grown more than 1.5 times in a week 

Over the past week, five tokens have risen in price by more than 50% at once. Ravencoin, Axie Infinity, XRP, Solana, and Terra have seen skyrocketing gains over the past seven days. This happened against the background of the growth of bitcoin to $ 48 thousand per coin for the first time since mid-May. On August 12, cryptocurrency market capitalization exceeded $ 2 trillion. It also happened for the first time since mid-May, when the indicator peaked at $ 2.55 trillion.

Ravencoin (RVN)

Ravencoin’s price increased by 88% over the week. The token reached $ 0.17. On August 16, the digital coin is trading at $ 0.14. The capitalization of the token exceeded $ 1.4 billion. Over the month, the value of Ravencoin increased by 176%.

Ravencoin is a peer-to-peer network for creating and exchanging tokenized assets. In January 2018, it was presented by a group of developers led by a programmer under the nickname Tron Black and a board member of the Bitcoin Foundation, Bruce Fenton.

Axie Infinity (AXS)

The price of the Axie Infinity token increased by 72% over the week. The price of the digital coin reached $ 74. As of August 16, the token is trading at $ 68. The capitalization of Axie Infinity approached $ 4 billion. Over the month, the cryptocurrency has risen in price by 229%.

Axie Infinity is an Ethereum NFT collectible game in which users breed virtual creatures.

XRP

The XRP token price has risen 70% over the past seven days. The value of a digital coin reached $ 1.34 for the first time since May 19. As of August 16, the XRP token is trading at $ 1.28, and its capitalization is $ 59.6 billion.

XRP is the internal token of the RippleNet blockchain that allows banks to make cross-border money transfers almost instantly and at a minimal cost.

Ripple is currently being litigated in the US. In late 2020, the Securities and Exchange Commission (SEC) accused the company of selling $ 1.3 billion in unregistered securities under the guise of XRP tokens.

Solana (SOL)

Over the week, the cost of the Solana token has grown by 63%. The digital coin renewed its all-time high at $ 63.6 on August 16. The capitalization of the Solana token exceeded $ 17.5 billion. The asset took tenth place in the ranking of the largest cryptocurrencies in terms of capitalization, bypassing the token of the Uniswap decentralized crypto exchange.

Solana is a blockchain designed to support scalable decentralized applications (DApps). It has a maximum throughput of over 50 thousand operations per second and a block dwell time of just 400 ms.

Terra (LUNA)

The value of the Terra token has increased by 63% over the past seven days. The digital coin reached the $ 22.2 mark. The capitalization of the token has exceeded $ 1 billion. Over the month, the cryptocurrency has risen in price by 234%.

Terra is a blockchain protocol that uses stablecoins pegged to fiat currency to provide a stable price for global payment systems. LUNA is a Terra token that is used to stabilize the price of protocol stablecoins, and LUNA owners can submit management proposals and vote for them.

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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