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Top 5 Cryptocurrencies to Buy this Week

Cryptocurrency


Dogecoin (DOGE)

The world’s most popular meme currency has seen a steady rise in popularity. This year, Dogecoin delivered excellent growth, and its popularity in Africa and the Middle East has risen significantly.

DOGE is now trading at $0.006959 per share. The crypto asset has gained 6.89 percent in the last week, securing its top position among meme currencies.

As a more useful asset, Dogecoin’s supremacy among meme currencies isn’t diminishing any time soon. Dogecoin Core 1.14.6 was just published by the Dogecoin Foundation, which is anticipated to enhance the asset’s usefulness and security. The improvement has been hailed by its members, including Tesla CEO Elon Musk. This latest development in Dogecoin’s transformation from “joke currency” to a “resilient asset” looks to be the next phase in this process.

Polygon (MATIC)

layer-two blockchain protocols like Polygon are quite popular. Decentralized application (dApp) developers will be able to use the platform without having to cope with Ethereum’s scalability problems.

The current value of MATIC, the Polygon network’s network token, is $0.8592. The value of the crypto asset has increased by 13.5 percent in the last week.

In the current market collapse, MATIC is one of the few currencies that has provided investors with a return on their investment. A rise in the Polygon network has boosted the coin’s value. Terra and other defunct networks have been bringing their products to Polygon.

Another notable honor for Polygon was its inclusion in the Disney Accelerator Program. To that end, Polygon has been selected as an official partner by the entertainment giant to help with the integration of NFTs and AI. As a result, this is a project that cryptocurrency investors in Dubai should be aware of.

Shiba Inu (SHIB)

One of the most famous meme coins on the market is Shiba Inu, which has lately gained a lot of attention from investors. Even in 2021, when it temporarily overtook Dogecoin as the biggest meme currency in the world by market valuation, the self-proclaimed “Dogecoin killer” fulfilled its stated goal.

SHIB is now trading for 0.000001194. Since last week, the value of the asset has risen by 6.53 percent.

SHIB, like DOGE, has a lot going for it, and it’s simple to understand why. Famed as Meme Coins, they are known for bringing rewards. Earlier this year a Dubai-based café made headlines for taking SHIB as a means of payment.

Ethereum (ETH)

One of the most prominent cryptocurrencies is Ethereum. Litecoin has surpassed Bitcoin in terms of market capitalization. As a result, it should come as no surprise that it is listed as one of the finest Dubai crypto initiatives.

The price of Ethereum (ETH) has risen 11.53 percent in the last week, trading at $1,584. As one of the top altcoins during the previous seven days, the coin has cemented itself as a contender for inclusion in the Dubai cryptocurrency market.

The Merge, which completes the blockchain’s transition to Ethereum 2.0 and the proof-of-stake (PoS) consensus process, is Ethereum’s largest boost right now. Merge might happen as early as September after the introduction of the Sepolia testnet in July, according to Ethereum engineers.

When the Merge happens, Ethereum is going to soar. If the Merge obtains a strong bullish push, some crypto experts predict that the asset might ultimately turn Bitcoin on its head. Traders in Dubai should consider Ethereum as a top cryptocurrency investment option.

Binance Coin (BNB)

BNB is one of the most valued cryptocurrencies on the market, making it a star in the crypto world. Atop the CoinMarketCap rankings, it is the most valuable exchange token in the world.

Bid-ask price for BNB is $278.33 at this time. Since last week, the value of the asset has risen by 14.25 percent,

Because of this, BNB is a great investment for anybody in the crypto market looking to diversify their portfolio. In terms of trading volume, Binance is the market’s most popular broker.

An official license from Dubai’s leading crypto authority has helped the exchange secure a strong foundation in the area. Many of Binance’s rivals have laid off employees during this slump, but not Binance.

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