This week, the cryptocurrency market demonstrated record growth in all directions. The cumulative market capitalization of all digital coins in circulation exceeded $ 1.3 trillion. Editorial BEINCRYPTO disassembled, who was lucky more than the rest on this holiday of life
Market Review
Following the first eight days of February, the market capitalization of all cryptocurrency in circulation has established a new record at $ 1.33 trillion. Starting a week at $ 1.17 trillion, the figure rose by 13.68%, which is one of the largest increases in the week in the history of the market.Moreover, the total average daily trading volume at the market at the time of publication is $ 196.7 billion, this is the highest day rate this week.
Source: CoingEcko.Summary
- Bitcoin (BTC): + 30.4%
- ETHEREUM (ETH): + 30.0%
- AAVE (AAVE): + 67.7%
- DOGECOIN (DOGE): + 111.4%
- PAID NETWORK (PAID): + 455.9%
2. BTC.
According to Coingecko, the Bitcoin week increased by 30.4%. The market capitalization of leading cryptocurrency exceeded 803 million dollars, approaching the historical mark of $ 1 trillion.
On Monday, February 8, the peak of the average daily trading volume of $ 73.3 billion was recorded. The rally is due to a series of bull news on BTC, including in record highs in the futures market.
In addition, it became known that Tesla in January bought bitcoins worth $ 1.5 billion. Investment information is contained in the report for the Securities and Exchange Commission (SEC).
2. Eth.
The second largest coin on the cryptocurrency market this week has risen in price by 30% and updated the historical maximum at $ 1.763.96. As a result, the Rally Market Capitalization exceeded $ 200 million for the first time in the history of the project.
Thus, Ethereum overtakes such Wall Street giants like Wells Fargo, Morgan Stanley and American Express. However, due to bovine speakers, the Commission rose sharply in the network: the cost of gas in the moment exceeded $ 70.
3. Aave.
In the field of decentralized finance (DEFI), the growth leader was AAVE: Total Blocked Cost (TVL) in the project at the time of publication increased to $ 5.61 billion compared with $ 3.87 billion to February 1.
Thus, the increase was almost 45%, and the project was published on the second place on TVL according to DEFI Pulse. Token has updated the price maximum at the auction on February 5, overcoming the mark of $ 500. Current historical course Aave Course - $ 536.96.
In general, this week Aave rose by 67.7% now AAVE ranks 14th in the market capitalization ranking.
4. Doge.
Doge, the main meme among the cryptocurrency, this week has become an object of universal attention. Since the beginning of the week, Token grew by 1114%, setting a maximum of $ 0.083.
Rally provoked unexpected tweets in support of celebrities, including the creator of Tesla Ilona Mask.
5. PAID
Finally, the title of growth leader this week leaves the PAID coin. From the moment of launching on January 26, the native network token rose by 455.9%. Now they can be traded only on decentralized Uniswap-type exchanges. Starting your way from $ 0.84, by February 7, the coin has risen in price by $ 4.82.
PAID is a platform for payments and contracts between enterprises built on the Polkadot network (DOT).
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