Exactly two weeks have passed since the huge market crash. In the first week, most cryptocurrencies actively played back the fall, but in the second week the dynamics calmed down. The flagship of the entire digital world, Bitcoin, showed only 0.5% growth over the week. However, traditionally there are assets that show much more favorable dynamics for investors. We have collected for you five of the hundred largest cryptocurrencies, which rose in price especially strongly during the period from August 12 to August 19, 2024. We were guided by percentage growth for the required period (data is available in open sources).
So, in honorable fifth place we have Fantom (FTM). It is a smart contract platform for building decentralized applications based on an acyclic graph (DAG). The project was created with perhaps the most popular goal in the digital world: to speed up transactions and make them cheaper, while maintaining the highest network security. Currently, there are more than three hundred applications running in the system, and the average transaction cost is about one cent. At the ICO, the project sold 40% of all its tokens and was able to raise about $40 million. FTM is the project’s own token, which is used to pay network commissions and staking. During the reporting week, the coin grew with fluctuations and is now trading at $0.38, having added 14% to the price. Just a day ago it cost $0.40.
In fourth place is Klaytn (KLAY). The Klaytn blockchain was released in the summer of 2019, a year after the tests began. The system, which is backed by the South Korean IT company Kakao, the creator of the super popular messenger KakaoTalk in Korea, cost the giant $300 million. This blockchain is focused on the metaverse and gameplay. The platform’s native token, KLAY, is used to pay for transactions within the network, to manage the system, since coin owners have the right to vote when modifying the platform, and for staking and payment of rewards. Throughout the past week, KLAY showed growth, which rapidly accelerated on August 17. To date, the token has already increased its price by 20% and now costs $0.152.
In third place is Aave (AAVE). The AAVE token showed good results from the very beginning of the market decline: it was among the five least depreciated during that period. As a reminder, Aave is a decentralized lending platform that allows users to borrow and lend various cryptocurrencies against token collateral. Aave has introduced many innovations, including “flash loans” – loans that are issued and repaid in a single transaction. The platform eliminates traditional intermediaries such as banks; the service runs on the Ethereum blockchain and uses software smart contracts to automate lending and borrowing operations. The protocol allows users to earn interest on their crypto assets by investing them in so-called liquidity pools. Loans are provided to borrowers from these pools. They pay interest for the use of funds, which are shared between the users-lenders and the platform itself. Interest rates depend on market conditions and are set based on supply and demand. Over the past week, the AAVE token has increased its price by 21% and now costs $112.8.
The second place in terms of growth is occupied by THORChain (RUNE). The THORCHain project, whose native token is RUNE, is a decentralized financial protocol that allows you to easily exchange cryptocurrency assets between different networks, while maintaining ownership of your assets at every stage. The RUNE token received a lot of advances back in 2020; several well-known analysts called it incredibly promising and predicted that the project would soon overtake Ethereum in profitability. Surprisingly, the coin actually rose strongly and fell strongly, but never fell below the value at which it first entered exchange trading. Over the past week, the coin has increased its price by 22% and now costs $3.9.
The growth leader is Helium (HNT). Let us recall that the Helium protocol manages a distributed wireless network of mobile access points and is known, among other things, for attracting significant funding from venture investors, such as the Borderless Capital fund. The Helium network is managed according to the DePIN principle. It is decentralized, meaning users can independently equip mobile access points and receive rewards in the form of HNT tokens for helping manage the wireless network. Like AAVE, the HNT token was among the five least affected by the coin market collapse. It is not surprising that the coin is now showing strong growth, having added 25% to its price over the past week. The asset currently costs $7.6.
Against the background of such a rather modest growth of assets, one of the legitimate and stable forms of investment for obtaining consistently high passive income is investing in the ASTL project (Hong Kong), which gives investors the opportunity to directly invest fiat and cryptocurrency assets into stable passive income, which, obviously, exceeds inflation expectations and is not subject to any sanctions, blocking or confiscation. The ASTL project is a simple and elegant solution for potential investors – investing in the development of the real sector of a diversified portfolio of cryptocurrencies with a fairly high annual interest rate (up to 14%) with payments in a stablecoin (USDT) and the possibility of a full return on investment through the subsequent sale of accumulated ASTL tokens on leading crypto exchanges. Details can be found at https://astl.world.
