The native token of bankrupt crypto lender Celsius Community CEL/USD was the largest gainer final week, gaining 181% over seven days. The token’s huge rally was largely fuelled by a retail-driven quick squeeze, with merchants following the “#CELShortSqueeze” hashtag on Twitter.
| Cryptocurrency | 7-Day % Change (+/-) | All-Time Excessive Worth/Date Reached | % Change (+/-) Since All-Time Excessive |
|---|---|---|---|
| Celsius (CEL) | +181% | $$8.05 On June 02, 2021 | -48% |
| Ankr (ANKR) | +40% | $0.213 On April 16, 2021 | -77.9% |
| Nexo (NEXO) | +34% | $4.07 On Might 12, 2021 | -75% |
| Shiba Inu (SHIB) | +21.72% | $0.00008616 On Oct. 28, 2021 | -81% |
| Huobi (HT) | +21% | $39.66 On Jan. 30, 2019 | -70% |
CEL Quick Squeeze
Retail merchants have despatched CEL on a gargantuan rally for the reason that starting of the quick squeeze motion final month. As per knowledge from Benzinga Professional, CEL has rallied over 440% during the last 30-days.
No one can ignore this. #CelShortSqueeze pic.twitter.com/Kfrq8BueHK
— David Ainsworth (@DavidAinsworth_) August 13, 2022
Binance Invests In ANKR
The native token of the Ankr ANKR/USD protocol rallied 50% on Aug. 12 after crypto trade Binance introduced a strategic funding within the DeFi platform. Binance mentioned the funds would go in the direction of ramping up the work on Ankr’s distant process name (RPC) service and constructing out its Web3 developer suite.
Welcome @ankr to the #Binance Labs Household!
ICYMI — Ankr is a decentralized infrastructure and cross-chain staking DeFi platform that goals to make Web3 accessible for everybody.https://t.co/hvtYv43xGJ
— Binance Labs Fund (@BinanceLabs) August 11, 2022
At press time, ANKR was buying and selling at $0.046, up 0.9% during the last 24 hours.
Nexo Launches Professional-Buying and selling Platform
Blockchain-based lending platform Nexo NEXO/USD has launched a brand new buying and selling platform aimed toward superior cryptocurrency merchants. At press time, NEXO was buying and selling at $1.02, up 34% during the last seven days.
The one #CeFi I see constructing is #NEXO. The previous 2 months we now have seen chapter with different platforms ( who), merchants overcollateralize, and so forth.
However what does $NEXO do? They launch a brand new pro-trading platform much like #FTX. One other income, hats off to them! pic.twitter.com/kP2SHXgfH6
— CryptoSEA | SouthEastAsia.eth (@PandaAsiaStreet) August 13, 2022
Meme Coin And Alt Season Imminent?
Meme coin Shiba Inu SHIB/USD rallied 37% within the final day alone, pushing it into the highest performing cash of the week. Dogecoin DOGE/USD additionally recorded a ten% achieve during the last day, prompting market contributors to take a position that an alt season could possibly be on the playing cards as Bitcoin BTC/USD and Ethereum ETH/USD posted subdued positive factors.
