August was a pretty busy month for the entire crypto market. Bitcoin and Ethereum struggled to maintain a stable price. Each week featured a new set of cryptocurrencies that enjoyed the bulk of attention and investors’ interest.
In this article, we’ll show three coins that were the top winners during the 3rd week of August. These projects and their coins showcased solid potential and use cases and saw impressive price growth in the last 7 days.
1) Rollbit Coin (RLB)
Rollbit’s RLB token has enjoyed a solid performance throughout August. The crypto casino and exchange enable users to trade tokens using 1000x leverage. Rollbit also provides sports betting and arcade games to its users and a tokenized jackpot. As of early August, Rollbit recorded crypto futures trades worth more than $2.5 billion.
Rollbit's largest hourly Buy & Burn to date!
Impressive to see considering the current state of the market.
Uncorrelated revenue diversification is what makes RLB truly unique. pic.twitter.com/iDwLRZBvpg
— Lucky (@Lucky_Rollbit) August 25, 2023
Rollbit has experienced tremendous buying pressure, which has caused the RLB token to surge in price. Interestingly, Rollbit has one of the fastest-growing crypto communities, and this is all thanks to providing a service that has been warmly received by gamblers and traders. Users have flocked to Rollbit despite an overall bad market.
There are several factors behind Rollbit’s recent growth, including Rollbit’s purchase and burning of the RLB token. The burning schedule will reduce the number of RLB tokens in circulation and boost the price.
According to Coingecko, the price of the RLB token is $0.1828, which is a 21.02% increase in the last 7 days.
2) XDC Network (XDC)
The XDC Network serves as a hybrid blockchain platform that seeks to close the gap between blockchain technology and conventional finance. Formerly called the XinFin Network, it focuses on tackling real-world problems and helps businesses easily enjoy the benefits of blockchain technology by making major systematic changes.
The XDC Network is an easy platform for developers and financial institutions to build apps on because it is compatible with the international payment messaging standard, ISO 20022. The platform also introduced the XDCPay app, a web extension with compatibility with a few well-known browsers that promises to make it easier for investors and companies to make use of.
The market for tokenized U.S. Treasuries has grown to $622M this year, which is why we’re excited to be working with @Tradeteq on the launch of USTY tokens using @XDCFoundation’s trade finance-focused blockchain. More from @sndr_krisztian in @CoinDesk: https://t.co/YSRwXlJBUQ
— Securitize (@Securitize) August 29, 2023
UK asset marketplace Tradeteq recently launched a tokenized U.S. Treasury offering on the XDC Network. XDC has seen increased adoption as tokenization continues to gain ground globally.
Data from CoinGecko shows that XDC trades at $0.0605, which is a 13.1% price increase in the last 7 days.
3) TON
Toncoin is one of the biggest gainers of the past week. TON’s innovative approach to blockchain governance and decentralized applications is one of its biggest appeals. The project originally began as a community-driven fork of the Telegram Open Network. But there’s been massive activity on the network in recent days.
Big shoutout to #toncoin! Over the last week, it has surged by a whopping 24.22%, showing remarkable strength in the market. What's your perspective on #toncoin's soaring success?#scb #smartcryptobot #cryptobottrading #cryptobot #crypto #blockchain #finance #cryptobots pic.twitter.com/cC5G52X5G6
— Smart Crypto Bot (@smart_cryptobot) August 30, 2023
A new report claimed that developer activity on Ton has increased by 102% in 2020. Interestingly, the TON Wiki Challenge and the DoraHacks Hackathon are two huge factors behind the recent spike in TON.
According to Coingecko, TON currently trades at $1.69, which is a 16.9% price growth in the last 7 days.
That’s it for our list of coins. We recently published the third and final list of top coins from our team. You can get that here.
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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
