The past few days, even weeks and months, weren't the most glorious for crypto. However, luckily, there were some coins that did not disappoint! Here are the best performing #cryptocurrencies of this week and why they did so well. 👇🧵
1/ #monero $XMR
How come?
- Monerun: community asked holders to withdraw their funds from centralized exchanges, to test exchanges reserves
- Planned hard fork (v15) which will upgrade the privacy and general performance of the network
2/ #Apecoin $APE
How come?
A rumor suggests that the owners of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs may receive virtual lands on the Yuga Labs' much-anticipated "Otherside" metaverse platform.
3/ #PancakeSwap $CAKE
How come?
After PancakeSwap has been integrated into Binance, the usage of Pancake steadily increased. Data from WhaleStats also showed that CAKE is the 12th-most held token by Binance Smartchain Whales.
4/ #Terra $LUNA
How come?
Terra's stablecoin 'Terra USD' overtook the place of Binance's stablecoin and this news certainly has influenced the price of Luna.
5/ #thetatoken $theta
How come?
Theta introduced their new mainnet 4.0 going by the name Metachain.
Those were the best-performing coins!
Curious about the rest of the best and worst performers? 👀
Check them out here: coinranking.com/coins/best-and…
And follow us for more daily/weekly price updates:
@coinranking
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