The three fastest growing cryptocurrencies out of the 100 largest are named

Cryptocurrency market analysts have revealed the most profitable altcoins on the market from the top 100 ranking by total capitalization. They took into account the period from July 12 to July 18, 2022. According to experts, 3 digital assets rose in price by 50% or more.

The best result in terms of profitability over the past week was achieved by the cryptocurrency of the decentralized finance (DeFi) platform Lido DAO. The platform’s native token managed to bring its investors a yield of 165.05% in just 7 days. This result allowed it to break into the list of the top 100 virtual currencies and take the 77th position in the ranking. The total supply of coins on the market reached $ 514.29 million.

The second place went to Polygon (MATIC). The tech startup has attracted increased attention from market participants due to the fact that it was the only participant in the Disney acceleration program among all blockchain projects. The price of MATIC has risen to $ 0.8899, which is 63.11% higher than a week ago. The total supply of coins reached $ 7.13 billion, and the ranking is 13th.

The third position in the expert ranking went to the Ethereum fork called Ethereum Classic. The ETC coin gained 53.52% last week. Its price soared to $ 22.8, and the cryptocurrency’s market capitalization reached $ 3.1 billion, which allowed it to rise to the 24th position in the list of top virtual assets.