THE SUPREME TEAM: Top 3 Coins to Watch – Week 40

Last week was marked by the China FUD – the fear, uncertainty and doubt that spread among crypto investors following the further crackdown on cryptocurrency transactions and trading by China’s central bank. While the total cryptocurrency market capitalization dropped by almost 5% to reach a low of $1.82 trillion in the day following the release of the news, cryptocurrencies and the blockchain technology once again proved that they cannot simply be banned. Although week 39 started with red numbers, at the end of the week the total market capitalization has already climbed to $2.18 trillion. It seems that China’s restrictive measures only led to further decentralization of the space as Chinese investors and traders simply switched to decentralized trading platforms that are not operated by centralized entities and do not implement know-your-customer (KYC) checks. It is therefore not surprising that this week’s selection consists of 3 DeFi protocols.

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