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Cryptocurrency analysts said that despite the global market drop of 14% over the past week as of August 22, 2022, the Polkadot ecosystem has shown itself to be quite reliable. Some crypto startups brought their investors profits, contrary to the bearish sentiment of trading participants. Experts stressed that even problems with the aUSD stablecoin in the Acala network did not scare away users and did not reduce the level of trust in the network.
Crypto specialists spoke about the most successful startups of the past week in the period from 16 to 22 August. They noted that the KILT Protocol (KILT) turned out to be very stable and gave the token a good profit to its short-term investors. Analysts assured that despite the extremely low daily trading volumes and low liquidity of the product, it was worth paying attention to. The KILT token has risen in price by 23.9% over the past week, reaching a price value of $ 0.613.
Another project of the Energy Web Token (EWT) ecosystem was also noted. This cryptocurrency, associated with the industry of non-fungible tokens (NFT) and the Metaverse, managed to please its depositors with a yield of 10.34% over the past 7 days. The virtual asset was trading at $4.48 at the time of writing.
Analysts stressed: for the third week in a row, the value of the centrifuge virtual currency (CFG) has been steadily growing. This digital token was traded at $ 0.378, which is 2.33% more expensive than similar values a week ago.
Earlier, the editors of Crypto.ru reported: Astar Network signed a partnership agreement with the Acala project. Within its framework, programmers of both companies will be engaged in the creation of new products and services that are designed to significantly expand the range of opportunities in the decentralized finance (DeFi) industry of the Polkadot native network.
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