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Top 5 Cryptocurrencies Of The Week – Week 47

The focus of this article is on the top five cryptocurrencies that have performed well in the last seven days. Let’s go over it in more detail.

The cryptocurrency market had a rough year in 2022. Bitcoin prices have fallen from around $69,000 to the current level of $16,500. Following Bitcoin prices, the entire crypto market lost around 70% on average. However, the focus of this article is on the top five cryptocurrencies that have performed well in the last seven days. Let’s go over it in more detail.

5. Top 5 Cryptocurrencies: ApeCoin (APE) +14.90%

— ApeCoin (@apecoin)

According to its website, ApeCoin is the governance and local cryptocurrency of the Bored Ape Yacht Club. Its configuration enables it to grow into a decentralized protocol layer for community and environmental mobility. It is also an ERC-20 token that is only used by developers to empower and incentivize the decentralized structure and function at the top of the list of web3. Token holders are kept afloat by ApeCoin DAO’s decentralized governance framework. The APE price has surged by nearly +14.90% in the last seven days, earning it a spot on our list of the top cryptocurrencies.

4. Top 5 Cryptocurrencies: Dash (DASH) +15.31%

Dash is a proof-of-work blockchain with some extra features. It was the first project to bring Masternodes. Users must lock 1000 DASH to continue operating a master node. As a result, the master node is compelled to operate precisely and provide extra weight in the network, which impacts the price. DASH’s price has gone up by nearly +15.31% in the last seven days, earning it a spot on our list of the top cryptocurrencies.

3. Top 5 Cryptocurrencies: Litecoin (LTC) +19.78%

Litecoin is among the most well-known and oldest cryptocurrencies on the market. It was invented just two years after bitcoin in 2011, and is generally regarded as bitcoin’s “little brother.” In terms of technology, Litecoin is built on an open-source protocol and is implemented almost virtually identically to Bitcoin. The goal of Litecoin was to make the Bitcoin system more efficient, reliable, and consistent. By increasing block processing time, Bitcoin’s scaling issues should be exacerbated. The Litecoin blockchain generates new blocks four times faster than the Bitcoin blockchain. The LTC price has surged by nearly +19.78% in the last seven days, earning it a spot on our list of the top cryptocurrencies.

2. Top 5 Cryptocurrencies: Curve DAO Token (CRV) +30.55%

— Llama Del Rey (@LlamaDelRey1196)

The CRV Token, also known as the Curve DAO Token, is a governance token built on the Ethereum blockchain that powers Curve Finance, a DEX, and an AMM protocol. Anyone can use the Curve DAO DEX to rapidly exchange between ERC-20 tokens while avoiding sudden loss. Curve DEX is one of the most popular places for switching and locking crypto assets due to its capacity to outcompete the impermanent loss that most liquidity providers face when stashing their tokens in particular liquidity pools. The CRV price has surged by nearly +30.55% in the last seven days, earning it a spot on our list of the top cryptocurrencies.

1. Top 5 Cryptocurrencies: Huobi Token (HT) +55.40%

— Huobi (@HuobiGlobal)

The Huobi token is the medium of exchange of the Chinese cryptocurrency exchange Huobi. It offers benefits to its holders when they utilize the exchange. Huobi Token (HT) is an Ethereum-based decentralized token. Huobi Group created and distributed the token, which has a limited quantity of 500,000,000 HT that will never be increased. The HT price has surged by nearly +55.40% in the last seven days, earning it a spot on our list of the top cryptocurrencies.

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Altcoins

Premier League inks major NFT partnership with Sorare

Premier League and Sorare announced the four-year deal on Monday. The licensing deal is worth £120 million (about $150 million). Premier League fans will be able to buy, trade and sell digital collectibles of their favourite teams and players while playing Sorare Manager. The English Premier League has sealed a four-year licensing deal with Sorare, […]

The post Premier League inks major NFT partnership with Sorare appeared first on CoinJournal.

  • Premier League and Sorare announced the four-year deal on Monday.
  • The licensing deal is worth £120 million (about $150 million).
  • Premier League fans will be able to buy, trade and sell digital collectibles of their favourite teams and players while playing Sorare Manager.

The English Premier League has sealed a four-year licensing deal with Sorare, a French-based fantasy game and digital trading marketplace.

According to a report by CityAM, the deal is worth £120 million ($150 million).

Premier League expanding fans’ NFT experience

The partnership will allow football fans, especially of the English Premier League, from across the world to build teams and compete for huge rewards. Fans looking to become Sorare Managers can take part in the Ethereum-based non-fungible token (NFT) platform’s Premier League fantasy competition.

Fans can now tap into the NFT experience, enjoying their favourite sport via digital cards, Sorare noted in a blog post. Notably, fans will be able to collect, buy and trade licensed digital collectibles featuring players from the 20 Premier League clubs.

The team and I at Sorare are beyond excited to announce an exclusive, deep partnership with the Premier League. What a crazy ride to get there, from our club deal with West Ham in 2019 to onboarding the 20 clubs of the football heavy-weight, watched by 800m+ in the world,” Nicholas Julia, co-founder and CEO of Sorare tweeted.

Richard Masters, the Premier League chief executive, said that fans’ support of teams and players has and continues to evolve. The goal is thus to look for more ways to engage the supporters, which this deal with Sorare offers.

Sorare’s digital cards and innovative online game represent a new way for them to feel closer to the Premier League whether they are watching in the stadium or from around the world. We believe that Sorare are the ideal partner for the Premier League and we look forward to working closely together,” Masters added.

With this partnership, the PL becomes the latest to join a portfolio that includes top European leagues LaLiga, Bundesliga and Serie A. Sorare also has similar partnerships with the NBA and MLB. Sorare also has sports deals with over 300 clubs. 

Sorare credits these partnerships to the input of world-class athletes,including Serena Willians, Kylian Mbappe and Rudy Gobert among others. 

The post Premier League inks major NFT partnership with Sorare appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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