Top 3 Coins to Watch – Week 46
Last week the total capitalization of all cryptocurrencies combined exceeded $3 trillion for the first time ever. While the figure itself is remarkable, it is even more fascinating that $2 trillion mark was crossed just seven months ago, and $1 trillion three months before that, which points to the exponential growth of the crypto markets. The rapid appreciation of many crypto assets has also attracted large influx of new investments. Last week, leading digital currency investment firm Grayscale reported more than $60 billion in assets under management (AUM). Grayscale’s AUM now exceeds the AUM of the world’s largest spot gold ETF, which indicates that investors have recognized cryptocurrencies as a good store of value asset class and according to many modern investors, cryptocurrencies are even better than precious metals in hedging against inflation. But which coins should you keep an eye on this week, if you want the best odds to see green numbers at the end of the week? Find out 3 ideas in the following article.