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The most profitable Coins of the week were Coins working with the Proof of Work (PoW) system.
Bitcoin's price skyrocketed from $24,000 to over $30,000. This rise also provided mobility in altcoins. In particular, the rise of coins working with the Proof-of-Work system drew attention. In addition to forking coins such as Bitcoin Cash (37%) and Bitcoin Satoshi Vision (20%), there were also significant increases in coins such as EthereumPoW (30%), Conflux (40%) and Kaspa (30%).
Using the Proof-of-Transfer (PoX) system, Stacks (STX) was among the coins that showed the most gains, with a 42% rise. Many tokens, which the SEC describes as investment contracts, also gained significantly. Among meme coins, PEPE has experienced significant increases of 75% and Shiba Inu by 20%.
In summary, with the rise of Bitcoin in the crypto money market last week, altcoins have moved and especially coins working with the Proof-of-Work system have risen. In addition, some tokens, which the SEC describes as investment contracts, also recorded significant increases.
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