The cryptocurrency whose value grew by a record 1050% in a week is named

Not financial advice — ed.

On Monday, February 12, the global capitalization of the cryptocurrency market showed a drop of almost 0.7% to $ 1.8 trillion. At the same time, daily transactions with digital assets increased by 3.4% to over $ 45.03 billion. The dominance of bitcoin BTC $56,050.60 Bitcoin -2.01% Market capitalization $1.11 trillion VOL. 24 hours $4.29 billion in the market reached 52.2%, and ethereum ETH $2,969.36 Ethereum -4.39% Market capitalization $356.91 billion VOL. 24 hours $2.62 billion - 16.7%. The Fear and Greed Index reached 68 points.

According to the data, several cryptocurrencies from the top 500 ranking gained significantly in value over the past week. Among them, the absolute leader was the little-known ERC20 coin, which gained 1050% over the reporting period. However, many analysts advised against investing in this token.

The liquidity of the digital currency was very low. Despite the rapid growth of quotations, trading volumes over the past 2 days barely exceeded $ 130 thousand. In addition, the cryptocurrency has not been listed on any well-known centralized exchange (CEX), which calls into question its legitimacy and trust in the project and the development team.

As for other cryptocurrencies, Space ID (ID) grew in value by 128.4% during the reporting period. It rose to $ 0.632. The daily transaction volume amounted to $ 105.74 million.

Arcblock (ABT) rose in price to $ 1.12. Over the past seven days, quotes have jumped by 94.3%. Traders secured $ 5.09 million worth of transactions with the digital token per day.

The new cryptocurrency Dymension (DYM), which entered the Binance exchange, attracted considerable attention. Its rate jumped by 89.9% during the reporting period and reached $ 7.59. Over the past day, market participants made deals with the digital token worth $ 146.03 million.

MANTRA (OM) quotes increased by 81.8% over the week and reached $ 0.315. The SuperVerse (SUPER) cryptocurrency rose in price by 60.6%. The digital token can be purchased for an average of $ 0.93.

In addition, there was an increase in the value of such virtual assets as Request (REQ) and Beam (BEAM). Both digital currencies recorded trading volumes of more than $ 130 million over the past week and rose in price by 56.4% and 49.2%, respectively.