Crypto Top Gainers And Trenders Today - Our Picks
Filecoin - Hottest altcoin in the market this week
Polygon - Steady crypto with visible signs of growth and success
Litecoin - One of the oldest cryptos ready to soar
Flow - Invest in this fast-growing crypto gainer today
A Closer Look At The Crypto Top Gainers And Trenders Today - FIL, MATIC, LTC, FLOW
Filecoin is a decentralized peer-to-peer storage network where users can earn the FIL token by renting out space on their computers’ hard drives. One of its main benefits is that it can store digital assets, such as art or music, behind non-fungible tokens.
It empowers people to be the guardians of their data while trying to make the internet more accessible to people all over the world. Participants can gain block rewards by mining and storing data on the network, rewarding them to store more data and act honestly.
Filecoin was created in response to the blockchain industry's demand for a peer-to-peer storage network. It permits users to share a proportion of their unused hard disk space in exchange for FIL tokens. The individual can set prices and contracts. End-to-end encryption is used on the platform to ensure that no one can access decryption keys and that the contents are kept safe in several storage locations.
FIL is currently trading at a very affordable price of $6.28. The network's unique features and the coin's price record make it one of the top crypto gainers and trenders today.
MATIC is an excellent blockchain that removes the difficulties of a decentralized ecosystem while providing cheaper, faster, safer, and more reliable transactions. It was released following the publication of a whitepaper on the plasma framework by Joseph Poon and Vitalik.
MATIC Network evolved into Polygon, Ethereum's Internet of Blockchains. The existing MATIC solution remains functional and essential, and the MATIC token remains significant for securing and controlling the Ethereum network.
The network describes itself as a layer-two scaling solution. Its unique transaction fulfillment technology allows up to 65,000 transactions per second on each side chain. Furthermore, the system uses proof-of-stake checkpoints that could, in the future, allow millions of transactions on the blockchain. In addition, Polygon’s side chains have been designed to support decentralized finance protocols within the Ethereum ecosystem.
Polygon experienced incredible gains in 2021, increasing 13,000%, from less than 2 cents to $2.68, between January and May of that year. After a brief stumble, Polygon rose again, hitting an all-time high of $2.8768 in December 2021. The coin is likely to repeat its price rally, making MATIC one of the top crypto gainers and trenders today.
Litecoin is one of the most valuable cryptos in the industry and a prime candidate to buy on the dip. It was created through a fork in the Bitcoin blockchain and is one of the oldest cryptos in the market. Unfortunately, after recording notable gains, it has stumbled quite a bit this year. In the past weeks, though, LTC has shown signs of a rebound, which indicates a reversal of its fortunes.
Litecoin was one of the earliest cryptocurrencies to enter the market. Consequently, it remains one of the largest coins in the sector by market capitalization. Users can find this popular coin on nearly every crypto exchange. Also, it is one of the most widely accepted cryptocurrencies in the world. You can use LTC to purchase goods and services or even invest in other crypto projects as they emerge.
Many traders view Litecoin as a more sustainable option within the market. Their views are not without reason. For one, it often experiences less volatility than Bitcoin. Also, the development team behind this project is a bit more advantageous than that of Bitcoin. Specifically, the developers have proven their desire to remain technologically ahead of the competition time and time again.
Similar to BTC, LTC is open-sourced and highly decentralized. It is also quicker than BTC, as it takes only 2.5 minutes per transaction rather than nine minutes. Its transactions are also at least 40% cheaper than Bitcoin. However, maintaining its market share and brand equity has been an uphill battle. But, LTC does have a long-term case due to its unique features and value to its users, making it one of the top crypto trenders to invest in today.
Rounding off the list of crypto gainers and trenders is FLOW. The coin powers Flow, a new-generation blockchain platform that, like many others in the space, is looking to be a top competitor to Ethereum.
Flow is a decentralized ecosystem designed to support next-generation gaming applications and digital assets. The protocol operates as a borderless ecosystem comprised of top entertainment brands, studios, and venture-backed startups. Notably, Flow was built to meet the growing demands of the NFT market.
The network currently hosts Dapper Labs’ top-performing projects, including Cryptokitties, NBA Top shot, and more. Notably, NBA Top Shot has proven to be a successful venture for all parties involved. The platform is a joint venture between Dapper Labs and the NBA. Recently, the platform hosted the sale of a Lebron James card honoring Kobe Bryant for $387,000. While the digital asset does not have any major fundamentals, FLOW’s price surge appears to be organically driving investors’ interest. As a result, market participants can add the token to their portfolios for possible gains.
Trading at $1.8, FLOW has been on an uptrend of around 15% in the past few days. Experts say FLOW is one of the top crypto trenders, making now a good time to invest.