The week was shocking for the crypto market with Bitcoin (BTC) going down over -10.20%, and hardly any coins but mostly stablecoins CELO, DNT, STRAX, BCHA, CREAM, SUSD, TRY, VAI, PAXG, DAI in the green.
Let’s take a closer look at this weeks top crypto performers.
Celo enables participation on the Platform, with the opportunity to earn rewards through network participation. Celo’s stability mechanism and token economics are designed in such a way that demand for cGLD directly increases as demand for Celo Dollars (cUSD) and other stable value assets increases.
cGLD is a native cryptographic digital asset created at the mainnet release of the Celo Platform. Read more
The district0x network is a collective of decentralized and autonomous marketplaces and communities, also known as districts. These districts are built upon a decentralized and distributed open-source framework, the d0xINFRA network, which is powered by Ethereum smart contracts. The district0x network aims at creating a friction-free, virtual economy where the users will be able to make buying and selling decisions, complete transactions, and even rank their peers with just one simple click. Read more
Stratis is a powerful and flexible Blockchain Development Platform designed for the needs of the real world financial services businesses and other organisations that want to develop, test and deploy apps on the blockchain. Stratis significantly simplifies the development process for creating Blockchain applications and accelerates the lifecycle for Blockchain development projects. Read more
Bitcoin Cash ABC is a blockchain and cryptocurrency created on Nov. 15, 2020, as a result of a hard fork in the Bitcoin Cash (BCH) blockchain that split the original chain into two new chains, provisionally called “Bitcoin Cash ABC” and “Bitcoin Cash Node.” The latter retained the existing Bitcoin Cash name and ticker, while at the time of the fork, Bitcoin Cash ABC had not yet announced new branding.
C.R.E.A.M Finance is a decentralized peer-to-peer (P2P) DeFi platform that provides lending, borrowing, swap, payment and tokenization services for digital assets. The C.R.E.A.M. Finance protocol was created as a Compound Finance fork, while its C.R.E.A.M. SWAP exchange is based on the code of Balancer Labs.
Synth sUSD by Synthetix
Tracks the price of USD through price feeds supplied by an oracle.
TRIAS aims to create a new-generation public chain that will support the execution of general-purpose native-applications on all platforms.
VAI is a decentralized stablecoin on the Venus Protocol exclusively on Binance Smart Chain.
PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold. Read more
MakerDAO has launched Multi-collateral DAI (MCD). This token refers to the new DAI that is collaterized by multiple assets.
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