Top 5 Crypto Recommendations to Buy This Week

Lovata Andrean

Top 5 Crypto Recommendations to Buy This Week
Top 5 Crypto Recommendations to Buy This Week

Additionally, the burn mechanism (the permanent removal of existing cryptocurrency coins from circulation) has helped the coin force a supply squeeze, further reducing the amount of BNB in ​​circulation while driving a surge in its value.

A leading Bitcoin exchange recently destroyed over $630 million worth of BNB coins and showed significant interest in supporting the real-time burning process.

BNB is now down 2,03 percent and trading at $643,2, but the seven-day performance is up 21,23 percent, indicating high long-term growth potential. This is reinforced by the 200-day moving average at $417,8 and the overbought RSI at 78,69.

4. Sunshine (SUN)

Solana blockchain is another top recommended crypto to buy, considering its growing market importance in the DeFi industry. With proof-of-stake (PoS) and proof-of-history (PoH) timing algorithms, Solana is one of the fastest protocols in the crypto world.

The asset has seen an increase in the number of decentralized applications (dApps), with over 500 dApps showing interest in the protocol following the successful launch of the IGNITION hackathon. Along with this, the popular 'Ethereum killer' is involved in a $3,0 million digital gaming venture along with Lightspeed and FTX.

Solana governance token SOL hit an all-time high price (ATH) of $260 in the early hours after a significant price increase before crashing. At press time, SOL was down 3,14 percent from ATH and trading at $244,70.

However, the seven-day gain of 20,59 percent shows greater market confidence in the protocol's capacity to offer a faster, cheaper and greener environment.

5. Polka Dot (DOT)

Polkadot has not made headlines in recent months due to the growth of its diverse blockchain network. This asset seeks to facilitate interoperability and easy transfer of all types of assets that utilize sharding technology, making it a major rival to the Ethereum network.

But in recent days, the Polkadot DOT token has attracted the curiosity of several investors considering its meteoric value growth. On the announcement of its parachain auction, the DOT token surged to an ATH of $55 and mostly traded around $50 for most of the weekend.

DOT had made small gains by press time and was up 1,05 percent, trading at $52,97. The 17,35 percent gain for the week ending Sunday was astronomical.

We see DOT rising above its 20-day moving average of $41,78, just like all of our other recommended cryptos to consider buying. It is trading very close to the overbought region at 68,79, with more momentum projected in the longer term.

Conclusion Regarding Recommended Top 5 Cryptos to Buy This Week:

The crypto market rose 3,86 percent, with total value locked (TVL) of more than $2,8 trillion. Here are some of the best digital assets to buy this week if you're still not sure which one to choose. 1. Bitcoin (BTC) (BTC) Bitcoin remains the top crypto to buy for many investors.

Trading at $4.734, ETH has had its highest performance since debuting in 2015. Binance Coin with ticker symbol BNB has risen more than 2.000 percent. Solana is another top crypto to buy, given its importance in the DeFi industry.

Solana governance token SOL hit an all-time high (ATH) of $260 in the early hours after a significant price increase. The DOT token surged to an ATH of $55 and mostly traded around $50 for most of the weekend.

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Lovata Andrean

Hi, I'm Lovata, I'm not Ai but I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends. Thanks