[Inventory] The top 5 cryptocurrencies and NFTs that performed best in the past week

Time: August 29, 2022 to September 5, 2022

· Markets were caught off guard by Russia's sudden shutdown of a gas pipeline despite Friday's strong U.S. non-farm payrolls report

Clone X took two of the top five positions for the highest transaction volume last week, largely thanks to fashion clothing redemption events

Global financial markets took another hit last week despite a satisfactory U.S. non-farm payrolls report. This set of data is a key economic indicator in the United States and represents the total number of paid workers in the United States (excluding farm workers and workers in a small number of other job categories). Generally speaking, a higher-than-expected reading is considered bullish for the dollar; conversely, a lower-than-expected reading is negative for the dollar. As a result, the report tends to cause wild swings in the foreign exchange market, followed by stocks and cryptocurrencies. The pattern inevitably repeated itself last week.

Stocks (S&P 500) and Crypto (BTC) Gain Immediately After U.S. Non-Farm Payrolls Report

The report showed that the United States added 315,000 new jobs in August, slightly higher than the expected 300,000; the unemployment rate rose from 3.5% to 3.7%, slightly worse than expected. Overall, in such a bear market, this set of data can be said to be quite satisfactory, thus promoting the rebound of the financial market. However, the cheers of the market were quickly stopped by Russia. Russia's state-owned natural gas company, Gazprom, announced the indefinite closure of the Nord Stream gas pipeline to Germany. This bad news led to a rapid rebound of the US dollar (as measured by the DXY index) and a sharp drop in investment asset prices. Among them, the gains of the S&P 500 Index and Bitcoin after the non-agricultural report were all erased, and they fell by 1.07% and 0.91% respectively at the close.

U.S. Dollar Index (DXY) Gains, Investing Assets Fall

Bitcoin failed to defend its $20K mark, but certain altcoins managed to escape. The Lido DAO token (LDO), which appeared in the top five lists in mid-July, is on the list again, continuing the upward trend of Ethereum mergers. On the other hand, Cosmos (ATOM) emerged as the second biggest gainer of the week. This self-proclaimed "Blockchain Internet" public chain has recently made many developers abandon the old and welcome the new, successfully attracting them to transfer to their own chain development projects. Among them, dYdX, one of the largest decentralized exchanges, announced that it will migrate from Ethereum to Cosmos. Other networks such as Cronos, ThorChain, and Osmosis also use Cosmos to scale. ATOM's recent performance has been fueled by its healthy long-term prospects, and the foundation has launched a new delegation policy to recognize and reward validators who maintain its proof-of-stake (PoS) ecosystem.

Please refer to the Interchain Foundation (ICF) twitter account for more details on the delegation policy

Undoubtedly, DigiDaigaku topped the trading volume list last week. If you haven't read my in-depth analysis of what is billed as the hottest free program of the year, be sure to check back later.

Click here to read an in-depth analysis on DigiDaigaku: https://www.coinlive.com/news/detail/?id=11809

In addition, a blue-chip NFT project that is rarely seen in the trading volume list appeared last week, and it also won two positions at once. "Clone X - X Takashi Murakami" (or Clone X for short) is an NFT collection series jointly launched by design studio RTFKT and Japanese contemporary artist Takashi Murakami. The Nike-owned studio launched a casting warm-up event last week for Clone X holders. NFT holders can mint NFTs according to the characteristics of their NFTs, and exchange them for physical fashion clothes a week later. In addition to the free t-shirts with the Clone X logo, all fashion items, from socks, pants, hoodies, and even virtual sneakers, cost a fee to redeem (purchase). If the NFT holders do not want to exchange the costumes, they can choose to resell them on the secondary market; and those off-site players who cannot exchange the goods but are very interested in these fancy costumes can buy NFT on the secondary market to obtain exchange rights. Through back-and-forth buying and selling, the trading volume of Clone X rose sharply last week.

There are a total of 8 costumes in each collection (excluding human features). The rarer the trait, the higher the resale price (virtual Nikes sell for up to 11 ETH, or $17,000 in real money)