Cryptocurrencies To Buy and HODL For The Week

After Bitcoin halving, there has been a spike in the crypto world. The trending coins are changing every day. Today’s Hedera, Algorand, Mallconomy, Bonk, and Akash Network. These coins have rallied by 82%, 32%, 32%, and 28%, respectively. Traders who are into intraday will find help with this blog. Today, there are 24 million cryptocurrencies with a total market value of $2.6T.

1.Hedera

Hashgraph is a popular proof-of-stake public ledger platform that is decentralized and open-source. It enables quick transactions, and thus has attracted a lot of attention in the cryptoverse. Moreover, with its shift to environmental sustainability, it has grabbed the limelight in the last few years.

It appears to be an environmentally sound solution because of its very efficient consensus system. Unlike Bitcoin’s energy-intensive mining process, which relies on computer processors, the Hashgraph transaction verification technique uses substantially less electricity, harmonizing sustainability standards.

The price movement of Hedera has been astonishing today. There has been a 60.36% growth during the intraday movement. If we look at the 7-day chart, Hedera is reflecting 76.63% spike in price. Today, the price is at $0.14. Marketcap is $5,048,737,761 and 24hr volume is $2,766,187,541. The total volume is 50,000,000,000 HBAR whereas 35,742,801,273 HBAR are in circulation.

2.Algorand

Created in 2019, Algorand is a cryptocurrency and a next-generation blockchain platform, undermining incredible potential. Coming from the bucket of Silvio Micali, a world-renowned cryptographer and Turing Award winner, the platform promises immense growth in the future. What makes it unique? Algorand’s pure proof-of-stake consensus mechanism enables quick and safe transactions while also addressing the scalability concerns encountered by many other blockchains. While it’s a completely new technology, it quickly picked up the pace, advocating over a million transactions per day in 2020.

Algorand’s performance in the last month has been pretty impressive. In this bear market, the platform has pivoted a bit. Algorand pulled up its price from $0.178 in January to touch $0.3189 in mid-March. The current Algorand price is $0.220, with a 24-hour trading volume of $513,522,159. In the last 24-hours, the price has pumped by 15.24%.

3.Mallconomy

Mallconomy opens up a world of opportunities for a thriving community. The platform provides a bustling metaverse haven for everyone, from storefront proprietors managing their businesses to engaged visitors exploring the mallverse. With cutting-edge features like the Launchpad and Rewards App, Mallconomy’s impact keeps growing and encourages teamwork, innovation, and fair rewards.

Mallconomy continually expands its influence and promotes cooperation, creativity, and equitable rewards with its state-of-the-art features, such as the Launchpad and Rewards App.
The metaverse underwent a revolution with the arrival of Mallconomy. It serves as a one-stop shop for all Web 3.0 and metaverse needs.

4.Bonk

If you are a Solana fan, you have definitely heard about Bonk. It is the largest memecoin on Solana, delivering the best performance since its launch. Within a few months of its launch, this memecoin stunned the investors, producing over 4000% upside. Tokenomics-speaking, the Solana community was initially airdropped with 50% of the BONK supply. Developers of Solana, NFT collectors, DeFi users, and artists are all included in this. On the other hand, the remaining was dipped into marketing, DAO and liquidity.

Bonk has shown some very remarkable performances in the past month. The platform has somewhat changed during this bear market. Bonk’s price increased from $0.222 in January to $0.260 in the middle of March. Algorand is currently trading for $0.220, with $513,522,159 worth of trades over the course of a day. In the last 24-hours, the price has pumped by 15.24%.

5. Akash Network

Akash Network is popularly recognized as the ultimate supercloud. This platform has created a decentralized marketplace for cloud computing resources. It is reshaping the landscape of cloud computing by opening doors for computing resources. The platform is cost efficient, secured, and transparent. It is developed on Cosmos SDK as a Layer-1 protocol. Akash Network aims to optimize the traditional cloud computing without compromising reliability and performance. It seamlessly transitions from different cloud providers to theirs.

The change in Akash Network’s price today has been incredible. During the intraday movement, there has been a 28% increase. The seven-day chart shows that AKT’s price has increased by 38%. The price as of right now is $5.24. There is a $1,229,387,875 market capitalization, and $68,412,204 is the 24 hours volume. The total volume is 234,532,139 AKT whereas 234,532,139 AKT are in circulation.

Conclusion

These are the top trending coins for today. Among others, Hedera has the highest rank given to its spike percentage. The counters will undoubtedly change tomorrow, thus intraday traders can sell out now.

The post Cryptocurrencies To Buy and HODL For The Week appeared first on CoinGape.