During the last couple of days, the cryptocurrency market has seen a surge of activity. Bitcoin hit a new all-time high of $62,888.88 over the weekend, following the Bitcoin ETF Futures announcement. Altcoins also played a role in the surge as the bulls made a push into the market. Here are the top five cryptocurrencies to buy this week.
Dogecoin (DOGE)
Dogecoin is an excellent coin to buy at the end of October. The coin has recently competed with a number of rival memes coins for the spotlight, increasing 12.44% over the last week. The rally that has been seen in Dogecoin indicates a strong market interest in the asset.
Dogecoin was originally created to mock alternative currencies following the success of Bitcoin. Now, the coin has become something of an enigma and has attracted strong interest from Elon musk and billionaire investor Mark Cuban. Dogecoin is one of the most supported virtual currencies in the market, making it a great investment choice.
If you want to buy some DOGE, read our guide on how to buy Dogecoin. Alternatively, if you already know the basics, use our table below to find the best provider to buy DOGE.
Shiba Inu (SHIB)
Another altcoin that has taken the market by storm is SHIB, which has been on a mission to dethrone Dogecoin. Shiba Inu has increased by more than 50% this month with more uptrend envisioned for the coming weeks.
Shiba Inu’s performance did not seem to be affected by the broader crypto market, which has helped its gains following a slow down by Bitcoin in the last 24 hours. SHIB rallied 5.77% on the daily chart. The coin currently has a bullish chart which sees it soaring above the 20-day moving average.
If you want to buy some SHIB, read our guide on where to buy Shiba Inu
Stacks (STX)
Stacks blockchain has been receiving attention over the last few weeks, with investors noticing the asset more than ever before. Stacks is on a mission to make the Bitcoin network more programmable. The firm builds on ancient blockchain while enabling the deployment of smart contracts that are needed to develop decentralised applications.
Stacks has come into the blockchain limelight. In the past 24 hours, the cryptocurrency has increased by 23.07%, rallying to a record value of $2,548. The blockchain network recently partnered with Brink to fund a new Bitcoin developer fellowship. This is expected to enable Bitcoin to yield on the Stacks blockchain.
Zcash (ZEC)
Zcash is a decentralised cryptocurrency that has been built with privacy and anonymity in mind. It uses advanced tech to verify transactions while keeping identity hidden. Zcash is the crypto of choice for anonymous investors, as more and more countries impose regulations on crypto.
So far this month, Zcash is up 3.77% and currently trades at $135.7. The seven day increase stands at 10.50% and the asset has recently approved a grant to develop a set of libraries of Zcash apps and a payment processor compatible with BTC PayServer and BitPay API.
Polygon (MATIC)
Polygon has proven itself to be a top crypto to buy for the majority of 2021. Polygon is a software that bundles transactions and verifies them before adding them to the Ethereum network. The software operates on a modular framework, allowing 65,000 transactions per second.
The token is currently up 0.17% and has seen weekly gain of 18.08% following a recent price surge. In this last week, an index token has been launched on the platform and it will be used to track the performance of Polygon native projects.
