Cryptocurrency analysts highlight 5 tokens that grew up to 100% in a week

Cryptocurrency analysts have identified 5 altcoins that showed the maximum growth from March 10 to 17. The list of the best tokens includes: Conflux, Stacks, SingularityNET, ImmutableX, and Render Token.

Conflux (CFX) token took the first place in the cryptocurrency ranking by weekly profitability. The rate of the digital asset reached $ 0.330, and its capitalization reached $ 690 million. The Conflux cryptocurrency managed to grow by 96.9% per day and 486% over the past 30 days. At the time of writing, the digital asset is ranked 72nd among the top 100 tokens.

Conflux Network is a high-performance first-tier blockchain. The project was created as a competitor to Ethereum and received support from Chinese government agencies. Shanghai authorities and large private investors participated in the financing of Conflux.

The second place went to the Stacks cryptocurrency (STX). This digital asset has risen in price by 81.8% over the past 7 days and by 241% over the past month. The price of STX has reached $ 1.05, and the market capitalization has reached $ 1.44 billion.

STX is a native token of the Stacks network that supports DeFi, NFT, apps, and smart contracts for bitcoin. STX is used to pay transaction fees and can be blockchained directly on the network to receive rewards in BTC. According to analyst Chris Berniske, Stacks is just beginning to «gain popularity among investors,» but the growth in value signals a promising future.

According to CoinGecko, SingularityNET (AGIX) cryptocurrency was the third best performer. Its quotes have increased by 56.8% over the past week and by 12.3% over the past 30 days. At the time of writing, AGIX is trading at $ 0.516.

SingularityNET is the first decentralized AI application platform built on the Cardano blockchain. Thanks to the growing popularity of artificial intelligence and the latest ChatGPT update, AGIX managed to take the 77th place in the ranking of the top digital assets.

The scaling protocol token for the Ethereum network, ImmutableX (IMX), was in fourth place, currently trading at $ 1.40, which is 51.2% higher than last week. The asset’s market capitalization amounted to $ 1.2 billion.

ImmutableX (IMX) received a bullish price momentum after the launch of a new blockchain game, Undead Blocks. The game, developed by Wagyu Games CEO Grant Haisley, allows users to earn ZBUX tokens, a digital currency that can be used to purchase artifacts and NFTs. Undead Blocks attracted more than 100,000 players during its beta mode.

The fifth place went to the decentralized finance token Render Token (RNDR). The crypto asset managed to break into the top 100 coins at the end of January and is currently ranked 89th. At the time of writing, RNDR is trading at $ 1.36, up 32.4% over the past 7 days.

RNDR is an Ethereum token based on the Render Network protocol. Using RNDR as a means of exchange, the Render Network connects users who need to render images and videos with those who have unused graphics processing power.

As for the flagship cryptocurrency, bitcoin grew by almost 30% in just one week. In addition to BTC $56,719.86 Bitcoin 0.07% Market capitalization $1.12 trillion VOL. 24 hours $2.76 billion , other digital assets have also risen: ETH $3,028.56 Ethereum 2.29% Market capitalization $364.04 billion VOL. 24 hours $1.51 billion , MATIC $0.50 Polygon 3.34% Market capitalization $4.65 billion VOL. 24 hours $45.46 million , DOGE $0.11 Dogecoin 2.24% Market capitalization $15.69 billion VOL. 24 hours $0.14 billion . The value of cryptocurrencies rose sharply after the bankruptcy of three large banks: Silicon Valley Bank, Signature Bank, and Silvergate Bank). Against this backdrop, some analysts have begun to advise users to invest in digital assets, given that the traditional banking system is «not very reliable.»