💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Layer-1 Token Surges 30% In Weekly Gains Ahead Of Upcoming Upgrade: Outperforms Bitcoin, Ethereum

Published 13/03/2023, 10:48
©  Reuters Layer-1 Token Surges 30% In Weekly Gains Ahead Of Upcoming Upgrade: Outperforms Bitcoin, Ethereum
BTC/EUR
-
BTC/USD
-
ETH/EUR
-
BTC/EUR
-
BTC/JPY
-
BTC/USD
-
ETH/USD
-
ETH/USD
-
ETH/EUR
-
BTC/JPY
-
ETH/JPY
-
BTC/GBP
-
ETH/GBP
-
ETH/JPY
-
BTC/GBP
-

Benzinga - Layer-1 blockchain Kava’s native token KAVA (CRYPTO: KAVA) surged 30% in the last seven days, outperforming the top 100 cryptocurrencies by market capitalization, including apex crypto Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Cryptocurrency Gains (+/-) Price (12:00 a.m. EST)
Kava +30% $1.03
UNUS SED LEO +17.56% $3.93
Aptos +5% $11.77
Curve DAO Token +3.73% $0.95
Pax Gold +3.58% $1,922

What Happened: KAVA, on Sunday, made a major leap, surpassing Solana (CRYPTO: SOL) in total value locked. With the upcoming release of Kava 13, users will gain capabilities in protocol onboarding and scalability on Kava EVM.

UNUS SED LEO (CRYPTO: LEO) is the second top weekly performer. Over the past week, LEO has experienced a surge of 17%. This surge can be attributed to the announcement that Hive creators will be leveraging LEO to create decentralized polls on the Hive blockchain.

See Also: Top Indian Apps That Give Bitcoin, NFT Rewards

The third on the list is Aptos, posting 5% in weekly gains after launching its non-fungible token bridge on Wormhole.

Some other popular coins are experiencing gains in weekly charts, including Curve DAO Token (CRYPTO: CRV) up 3.73% and PAX Gold (PAXG) spiked 3.58%, according to the data from CoinMarketcap.

Price Action: BTC was trading at $22,342, down 0.24% in the last seven days. ETH was up 2.18%, trading at $1,596, according to Benzinga Pro data.

Read Next: Bitcoin Jumps To $22K, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow: Analyst Sees Apex Crypto At $25K If It Breaks This Level

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.