Cryptocurrency Solar (SXP) grew by 161% over the week

Over the past seven days, the quotes of digital coins from the top 100 ranking have shown relative stability. Among the top 10 virtual assets, only Ripple (XRP) and Dogecoin (DOGE) grew in value by more than 5%. However, there was one cryptocurrency in the top 100 that managed to soar by more than 100% - Solar (SXP).

The virtual coin’s price rose by 161% in a week. Due to the fact that SXP quotes jumped by 14.5% over the past day, the asset managed to break into the list of the top 100 cryptocurrencies. At the time of writing, the token’s value is $ 0.70 with a market capitalization of $ 390.5 million. Daily trading volumes exceeded $ 103.6 million.

SXP is a service token of the Solar blockchain. Cryptocurrency holders can engage in staking on the blockchain and receive rewards for this. SXP can also be used to pay fees for transactions on the network. Solar is a first-tier blockchain that operates using the delegated proof-of-stake (DPoS) consensus algorithm. The network is supported by more than 50 validators.

Over the past seven days, Ripple’s token (XRP) has grown by 14.1%. At the time of writing, the cryptocurrency is trading at $ 0.51, with a market capitalization of $ 26.3 billion and daily trading volume of $ 225.8 million.

Finally, Dogecoin (DOGE) gained 5.1% over the week. At the moment, the asset is worth $ 0.51, with a market capitalization of $ 26.39 billion. Traders made daily trading deals worth $ 225.8 million.

Despite the weekly gains, DOGE has dropped significantly in price over the past 24 hours due to a lawsuit against Elon Musk. As a reminder, on Friday, the billionaire asked a US court to dismiss a $ 258 billion lawsuit accusing him of creating a pyramid scheme by supporting Dogecoin. Musk’s lawyers called the Dogecoin investors' lawsuit a «fiction» due to the entrepreneur’s «harmless and often humorous tweets» about the asset.

As for the flagship cryptocurrency, bitcoin lost minimal value over the week. At the time of writing, BTC is worth $ 27,809 with a market capitalization of $ 537.7. Daily trading transactions exceeded $ 1.35 billion.

The leading altcoin, on the contrary, grew minimally over the week. At the moment, ethereum is worth $ 1,788. The total supply of coins circulating on the market amounted to $ 215.4 billion, and daily trading transactions reached $ 681.9 million.