Introduction: A Record-Breaking Week for Cryptocurrencies
This week, the skyrocketed coins in the crypto market stunned investors, with BitBall leading the rally with a 2800% surge! .The crypto market has been abuzz with activity as a number of coins recorded spectacular gains over the last week. At the helm of the crop is BitBall, which recorded a spectacular 2800% gain in 7 days! In this article here, we’ll cover the top 5 coins that skyrocketed this week, examining their performance, market cap, and trading volume. Whether you’re an established investor or a newcomer to the crypto space, these skyrocketed coins are worth keeping an eye on.
Top 5 Coins That Soared this Week
1. BitBall (BTB) – The Largest Gainer at 2800%
BitBall rose 2800% in the last 7 days and is the week’s top gainer. Traded at $0.001434, BitBall also recorded an impressive 1094.81% rise in the last 24 hours alone. While it dropped by a minimal 0.00% in the last hour, its market cap stands at $870,234, and its 24-hour trading volume is $431,729. With 606.69M BTB in circulating supply, BitBall is a force to be reckoned with in the realm of crypto.
2. Freya by VirtuaLs (FREYA) – One to Watch
Freya by VirtuaLs (FREYA) increased by 1256.95% last week, though it decreased 2.93% last 24 hours and 1.67% last hour. It is trading at $0.004846 now and has a market cap of $2,580,911 and 24-hour volume of $501,268. It has a circulating supply of 555.5M FREYA, and it is thus another coin to watch out for among rocketed coins of this week.
3. Beers (BEER) – Cheers to Huge Gains
Beers (BEER) saw a staggering 892.42% return over the last 7 days, after a 293.15% decline over the last 24 hours. It is trading at $0.1004 currently and saw a 17.29% increase over the last hour. Its market capitalization is $4,310,501 and 24-hour trading volume is $1,815,220, and has a circulating supply of 45M BEER. The volatility of this coin makes it a thrill new addition to the list of skyrocketed coins.
4. BOME TRUMP (TRUMP)
A Political Powerhouse BOME TRUMP (TRUMP) increased by 706.02% in the last week, though it fell by 311.55% in the last 24 hours and 36.20% in the last hour. It currently stands at $0.5473 with a market cap of $178,029,001 and 24-hour volume of $1,444,380. The circulating supply of this coin is 68.96M TRUMP and is causing ripples in the cryptocurrency market.
5. Build On BNB (BOB) – A Steady Gainer
Finishing the top 5 is Build On BNB (BOB), which rose by 607.02% in the past 7 days. It lost 76.54% in the past 24 hours and 3.40% in the past hour. It has a market cap of $52,406,872 and a circulating supply of 420.69T BOB. BOB is currently trading at $0.01245 with a 24-hour trading volume of $49,393,035. It is in the top 5 of this week’s skyrocketed coins.
Why Did These Coins Skyrocket?
Their meteoric rise, such as BitBall rising by 2800%, is due to a variety of causes. Speculative buying, social media hype, and market mood generally cause such steep price rises in the crypto universe. These coins could also have been helped by new exchange listings, partnerships, or community-supported projects that raised investor confidence.
Should You Invest in These Skyrocketed Coins?
Though the returns are astronomical, investing in cryptocurrencies such as BitBall, FREYA, BEER, TRUMP, and BOB is risky. The volatility in their 24-hour and 1-hour price action illustrates the volatility of the market. Always do extensive research and think about your risk tolerance before investing in any cryptocurrency.
Conclusion:
Keep an Eye Out for These High Achievers This week has been record-breaking for BitBall and the other coins that blew up, with BitBall rising 2800% in 7 days. These coins in the top 5 have enormous potential for returns, but their volatility must remind you of the risks. Stay current with the news, and keep an eye out for these cryptocurrencies as they continue to make headlines in the crypto world. For real time data check out here coinmarketcap
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