Cryptocurrencies After Russia-Ukraine War: Top 5 Gainers

In this article, we discuss the top 5 gainers in cryptocurrencies after the Russia-Ukraine war. If you want to read our detailed analysis of these currencies, go directly to Cryptocurrencies After Russia-Ukraine War: Top 10 Gainers.

5. Polkadot

Polkadot has surged amid the Russian invasion of Ukraine as Gavin Wood, the founder of the coin, publicly lends his support to the Ukrainian people and urges action, leading by example and donating $5 million to the Ukraine government to help in the fight against Russia. Mykhailo Fedorov, the vice prime minister of Ukraine, has tweeted his gratitude to Woods as well. Polkadot has also opened a special wallet for fundraising for Ukraine where people can donate their crypto. The Ukraine government is accepting the coin through their aid program too. 

Polkadot had been in a steep decline over the past few months amid a broader lull around cryptocurrencies as inflation and regulatory fears clouded the market. However, developments in Ukraine and the public donation by Woods has helped the coin climb higher. The social prominence of the coin has also increased following the Ukraine crisis.