Categories: Market

Here are the top altcoins to invest in based on cumulative returns

In the crypto space, players typically focus on market cap and daily price movements. But for a fresh perspective, let’s instead look at the cumulative returns of some of the best altcoins this week.

Altcoins fight

Summary by Messari for the week ended March 3 revealed that LUNA was the week’s champion altcoin, up 40%.

“The Cosmos IBC chain has been in an uptrend for the past two weeks as the Cosmos ecosystem has received positive mass sentiment in recent weeks.”

In second place is DOT with a 13% yield compared to LUNA.

Naturally, investors are eagerly watching LUNA, the seventh largest coin by market cap at press time. They may also be wondering how it compares to DOT overall.

At the time of writing, DOT is trading at $17.04, down 5.4% over the past week. Meanwhile, LUNA was changing hands at $86.28, up 11.2% over the past week.

LUNA price (green) and DOT price (pink) | Source: mood

However, the weighted psychometric observations DOT and LUNA are not too different. While the weighted sentiment for the DOT is around -0.133, the LUNA is at 0.188. All in all, it looks like both DOT and LUNA investors are approaching the neutral zone.

Weighted tuning of DOT (blue) and LUNA (pink) | Source: mood

In terms of growth, DOT leads but is trending down while LUNA is trending up. However, there is still a large performance difference between the two networks, making it unlikely that LUNA DOT will outperform in this regard any time soon.

Development activities of LUNA (pink) and DOT (blue) | Source: mood

The demand is constantly increasing

While Polkadot gained market attention thanks to its parachain slot auctions, Terra also set its own milestone after surpassing Ethereum 2.0 in stake value.

The driving factor for this growth is the growing market demand for TerraUSD (UST).

Top 10 cryptocurrencies by stake value | Source: www.stakingrewards.com

After Polkadot founder Gavin Wood donated approximately $5.7 million in DOT to Ukraine’s official cryptocurrency address, how many different addresses will Ukrainian authorities need to create to get funds? As a result, Uniswap offered the opportunity to exchange its listed assets for ETH before donating.

Join Bitcoin Magazine Telegram to follow news and comment on this article: https://t.me/coincunews

Minh Anh

According to AMBCrypto

Follow the Youtube Channel | Subscribe to the Telegram channel | Follow the Facebook page

CoinX

Recent Posts

Crypto Institutional Investors Move To ETFSwap (ETFS) Amid $500 Million Liquidity Injection Expectations

Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…

1 hour ago

Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals

Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…

3 hours ago

Thai Police Corruption Case Involving Officers and Extortion

Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…

6 hours ago

SafePal Telegram Wallet Launches with Swiss Bank Accounts and CeDeFi

SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…

7 hours ago

Sheetz Crypto Payments Now Accepted at Over 750 US Locations

Sheetz crypto payments: 750+ US stores now accept Bitcoin, Ethereum, and more, rewarding customers through…

7 hours ago

Zhu Su Wife Sells Singapore Mansion for $38 Million

Zhu Su’s wife sells Singapore mansion for $38.5 million amid heightened financial scrutiny on Three…

8 hours ago

This website uses cookies.