These 2 cryptos surpass the 7-day earnings from Dogecoin The Motley Idiot Germany
Image source: Getty Images
Move over Dogecoin (CRYPTO: DOG).
You can get the lion’s share of media attention lately. Without a little thanks to Tesla Inc (NASDAQ: TSLA) Founder Elon Musk’s penchant for tweeting about you. But other cryptocurrencies have made far bigger gains over the past week.
How big names like Dogecoin fared this week
Dogecoin began life as a light hearted joke with a Shiba Inu mascot as an image. But today it’s no laughing matter.
The Dogecoin price is currently 38 cents. While the price is now roughly half the 74 cents it was trading for on May 8, it’s still up a staggering 7.844% since the start of the year. This gives it a market capitalization of $ 48.6 billion (AU $ 62.7 billion). Certainly nothing to laugh about.
And Dogecoin has had a strong week, with the price rising 26.6% in the past 7 days.
Compared Bitcoin (CRYTPO: BTC), the world’s largest cryptocurrency by market capitalization, is up 5.4% in the past full week.
Dogecoin also ousted ether (CRYPTO: ETH), the second largest digital token. Ether gained 20.2% in 7 days.
All solid returns to be sure.
But these 2 lesser known cryptos have returned a lot more.
This week’s 2 best crypto winners
The best performing cryptocurrency of the past week is … drum roll, please … Theta fuel (CRYPTO: TFUEL).
Theta Fuel is up 58.6% since that time last week. At a current price of 44 cents, Theta Fuel has a market capitalization of over $ 2.4 billion.
And if you bought some theta fuel around this time last year, you’d be sitting on a 6.177% gain.
What does Theta Fuel do?
According to CoinMarketCap, “TFUEL is the second token in the Theta blockchain that serves as a utility token for decentralized video and data delivery, it also functions as a gas token. This means that it is used to run all operations on the theta blockchain. “
This week’s number 2 crypto asset is Curve DAO token (KRYTPO: CRV). The curve is up 55.1% in 7 days and is currently trading at $ 2.52. That gives it a market cap of $ 896 million.
For an inside look at what Curve is all about, let’s return to CoinMarketCap, which tells us, “Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.”
As a handy reminder of the high volatility and risk of cryptocurrencies, including Dogecoin, Curve, which launched in early 2020, traded at $ 31.38 on August 14th last year. That said, even with last week’s strong gains, it’s still 92% below those levels.