Top crypto movers of the week

The volatility of the cryptocurrency market is well known. However, this has not stopped people, companies and investment companies from putting their money into crypto. With so much volatility, the top crypto movers of the week have made some notable gains.

Top crypto movers

It is very important to note that there are currently more than 19,000 cryptocurrencies on dozens of blockchain platforms. That said, monitoring the largest movers of all cryptocurrencies will generate a list of the smallest coins. And to be honest, there’s no telling how long they’ll be around.

The top movers for the week on this list come from Coinbase. And just because they’re on Coinbase doesn’t mean they’ll be there. Remember, Terra was one of the top currencies trading at $116 in April 2022. It is now worth $0.000098.

READ MORE: How To Make Money With Cryptocurrency

Top movers for the week – July 30, 2022

NamePriceChangeMarket CapVolume 24hSupplyOptimism – OP$1.761.0501%$414.8M$788.3M234.7MAmpleforth Governance Token – FORTH$6.750.9341%$105.1M$481.9M15.3Myearn.finance – YFI$11523.20.7556%$420.7M$463.7MampleAmple6.5 -$2.1M-Green Satoshi Token – GST$0.0570.6286%$18.8M$5.5M330.0MXYO -XYO$0.01080.6177%$139.9M$11.3M12.8BEthereum Classic -ETC$39.330.4954%$5.3B$3.5B136.1Munifi Protocol DAO -UNFI$9.320 . 4888%$42.0M$463.1M4.5MTelor – TRB$25.630.4492%$43.7M$96.6M1.7M

Top three movers

If you’ve invested in cryptocurrency, the past few months have been tough, and that’s generous. But like all financial markets, there are opportunities to make money even in a bear market. If you happen to own the top three movers on this list, you could have doubled your money in just seven days. These currencies managed to gain up to 105%.

Optimism/OP – Up 105.01%

Optimism is a layer two protocol and smart contract platform that aims to enable low-cost and near-instantaneous Ethereum transactions. The OP cryptocurrency will power the Token House, which will be a branch of the Optimism Collective alongside the Citizens’ House. The Collective controls network parameters, treasury payouts and protocol upgrades.

Ampleforth Governance Token/FORTH – Up 93.41%

FORTH is a cryptocurrency that powers Ampleforth, a protocol that automatically adjusts the supply of its native token, AMPL, in response to demand. It is the governance token of Ampleforth. FORTH holders can vote on proposed changes to the Ampleforth Protocol or delegate their vote to representatives voting on their behalf.

Yearn.finance/YFI – up 75.56%

Yearn.finance (YFI) is an Ethereum token that operates the Yearn.finance platform. The platform is a return optimizer that moves funds through the decentralized financial (“defi”) ecosystem in an effort to generate high returns.

Investing in cryptocurrencies

The move from traditional investment opportunities to cryptocurrency is a big leap. But it’s not that different as you have to do your due diligence before putting in your hard-earned cash. Before investing your money in anything, make sure you are fully aware of the risks involved. Be it a cryptocurrency or a traditional investment, information is your best friend.

Based on this information, make the right investment based on the risk. In that regard, investing in cryptocurrency is no different than any other investment. However, cryptocurrencies are not regulated and their value seems to be going up or down for no rhyme or reason. Admittedly, they can have a large underlying asset, but that doesn’t seem to have any impact as the market is mainly driven by how Bitcoin and to some extent Ethereum is doing.

As with any type of investment, you should prepare to lose what you put in investing in cryptocurrencies.

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