Crypto Gainers of the Week
In the recent cryptocurrency market crash, significant altcoins like Ethereum, Dogecoin, and BNB experienced a 10% decrease in value. The sharp decline in the market was partly due to the significant decrease in the value of bitcoin, which dropped below $70,000. Despite the temporary chaos, certain cryptocurrencies have demonstrated resilience, soaring in values, indicating the possibility of substantial profits. Through CoinMarketCap data analysis, we can identify the top 5 crypto gainers of the week with price increases of more than 30%. This analysis will help us understand why they are growing in value and what that means for the broader market
Top Crypto Gainers This Week
Here is a list of top crypto gainers in the past week.
1. Book of Meme (BOME)
Price: $0.02548
Market Cap: $1.34 billion
Book of Meme (BOME), a new meme coin has gained an impressive 2148.44% over the past week, making it one of the biggest gainers. The major cause for this increase in the prices is the trading volume of $3.56 billion which clearly shows high interest in the token the investors. A $1.34 billion market cap has given BOME a place among the top 100 cryptocurrencies. Book of Meme consists of an updateable electronic magazine, a meme creation tool, and a comprehensive meme library with non-mint JPEGs. The project uses Arweave, IPFS, and inscriptions for data storage and doubles as a social platform for cross-chain storage.
BOME’s price surged due to factors like a successful pre-sale resulting in a high initial price, availability on major exchanges like KuCoin, Gate.io, and Crypto.com, listing on BitMart, MEXC, and HTX, and introduction of a Binance Futures contract. Despite potential risks indicated by a Seed Tag, BOME’s market capitalization reached $375 million, attracting market interest in the meme coin.
2. 0x Protocol (ZRX)
Price: $1.34
Market Cap: $1.13 billion
0x Protocol (ZRX) displayed a noteworthy increase in price over the last seven days, 142.69%. Despite a comparatively low trading volume of $291.85 million, its activity pushed it to a market capitalization of $1.13 billion, earning it a spot in the top cryptos.
0x is a decentralized exchange protocol using open-source smart contracts for trading ERC20 tokens on various blockchains without intermediaries. Used by web3 companies, it has facilitated $200B+ in trading volume, with ZRX as its governance token for protocol changes.
3. Jupiter (JUP)
Price: $1.37
Market Cap: $1.85 billion
Jupiter (JUP) has experienced a remarkable 82.41% increase in value over the past week, along with a trading volume of $1.66 billion. This rise in price has pushed its market cap to $1.85 billion, taking its position as 62nd in the market. Jupiter provides advanced swap aggregation for Solana, enhancing liquidity infrastructure. It expands DeFi offerings with features like Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.
JUP price is rising due to the introduction of the LFG Launchpad feature, empowering the community to make decisions. Trading volume has surged by 127.79%, reaching $1.2 billion in the last 24 hours, driving the rally and reflecting heightened market activity and growing demand for JUP tokens.
Jupiter’s growth is driven by the Value-Average feature, attracting users with a dynamic investment strategy. Green Bitcoin Presale offers predict-to-earn opportunities. On-chain data shows increasing investor trust with a Total Value Locked (TVL) over $300 million. Jupiter’s swap aggregator has facilitated 29.6 billion in volume and 41.8 million transactions.
4. Pyth Network (PYTH)
Price: $1.07
Market Cap: $1.58 billion
Pyth Network (PYTH) has experienced impressive performance, with the price rising 53.86% in the last seven days. With a trading volume of $585.72 million, Pyth Network has achieved a market capitalization of $1.58 billion, closing its position in the 68th position.
Pyth Network is a leading oracle network that provides real-time market data to financial DApps on over 40 blockchains. It offers 380+ low-latency price feeds for cryptocurrencies, equities, ETFs, FX pairs, and commodities sourced from major exchanges, market makers, and financial firms. Users can access the data through the on-chain oracle program.
Laser Digital partnered with Pyth Network to provide cryptocurrency pricing data, enhancing over 400 digital and traditional assets price feeds. This collaboration aims to offer immediate and accurate on-chain data for DeFi. The company is ready to support Pyth Network’s decentralized data provision journey and contribute to its ecosystem growth. PYTH’s value surged by 43.5% post-announcement, signaling market enthusiasm for its role as a top DeFi data aggregator.
5. Avalanche (AVAX)
Price: $56.4
Market Cap: $22 billion
Avalanche (AVAX) exhibits an impressive price movement having increased by 34.40% during the last week. Avalanche’s market capitalization ($2.8 billion) places it among the top five cryptocurrencies, which is pegged at $22 billion market cap.
A significant advancement on the Avalanche platform has led to the increase in Avax’s price. MapleStory, a MMORPG developed by Nexon, is venturing into blockchain gaming on the Avalanche platform through MapleStoryU on a Subnet. MapleStory’s current emphasis is on allowing players to have ownership of the user-generated content they create. This enables players to create their own worlds and items, with a large portion of the game’s items anticipated to be made by players.
Conclusion
These crypto gainers of the week showcase the dynamic nature of the cryptocurrency market, with each digital asset exhibiting remarkable growth within a short timeframe. As investors navigate this volatile landscape, staying informed about such movers and shakers can provide valuable insights for strategic decision-making.
The post Crypto Gainers of the Week appeared first on CoinGape.
Read More
Crypto Gainers of the Week
In the recent cryptocurrency market crash, significant altcoins like Ethereum, Dogecoin, and BNB experienced a 10% decrease in value. The sharp decline in the market was partly due to the significant decrease in the value of bitcoin, which dropped below $70,000. Despite the temporary chaos, certain cryptocurrencies have demonstrated resilience, soaring in values, indicating the possibility of substantial profits. Through CoinMarketCap data analysis, we can identify the top 5 crypto gainers of the week with price increases of more than 30%. This analysis will help us understand why they are growing in value and what that means for the broader market
Top Crypto Gainers This Week
Here is a list of top crypto gainers in the past week.
1. Book of Meme (BOME)
Price: $0.02548
Market Cap: $1.34 billion
Book of Meme (BOME), a new meme coin has gained an impressive 2148.44% over the past week, making it one of the biggest gainers. The major cause for this increase in the prices is the trading volume of $3.56 billion which clearly shows high interest in the token the investors. A $1.34 billion market cap has given BOME a place among the top 100 cryptocurrencies. Book of Meme consists of an updateable electronic magazine, a meme creation tool, and a comprehensive meme library with non-mint JPEGs. The project uses Arweave, IPFS, and inscriptions for data storage and doubles as a social platform for cross-chain storage.
BOME’s price surged due to factors like a successful pre-sale resulting in a high initial price, availability on major exchanges like KuCoin, Gate.io, and Crypto.com, listing on BitMart, MEXC, and HTX, and introduction of a Binance Futures contract. Despite potential risks indicated by a Seed Tag, BOME’s market capitalization reached $375 million, attracting market interest in the meme coin.
2. 0x Protocol (ZRX)
Price: $1.34
Market Cap: $1.13 billion
0x Protocol (ZRX) displayed a noteworthy increase in price over the last seven days, 142.69%. Despite a comparatively low trading volume of $291.85 million, its activity pushed it to a market capitalization of $1.13 billion, earning it a spot in the top cryptos.
0x is a decentralized exchange protocol using open-source smart contracts for trading ERC20 tokens on various blockchains without intermediaries. Used by web3 companies, it has facilitated $200B+ in trading volume, with ZRX as its governance token for protocol changes.
3. Jupiter (JUP)
Price: $1.37
Market Cap: $1.85 billion
Jupiter (JUP) has experienced a remarkable 82.41% increase in value over the past week, along with a trading volume of $1.66 billion. This rise in price has pushed its market cap to $1.85 billion, taking its position as 62nd in the market. Jupiter provides advanced swap aggregation for Solana, enhancing liquidity infrastructure. It expands DeFi offerings with features like Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.
JUP price is rising due to the introduction of the LFG Launchpad feature, empowering the community to make decisions. Trading volume has surged by 127.79%, reaching $1.2 billion in the last 24 hours, driving the rally and reflecting heightened market activity and growing demand for JUP tokens.
Jupiter’s growth is driven by the Value-Average feature, attracting users with a dynamic investment strategy. Green Bitcoin Presale offers predict-to-earn opportunities. On-chain data shows increasing investor trust with a Total Value Locked (TVL) over $300 million. Jupiter’s swap aggregator has facilitated 29.6 billion in volume and 41.8 million transactions.
4. Pyth Network (PYTH)
Price: $1.07
Market Cap: $1.58 billion
Pyth Network (PYTH) has experienced impressive performance, with the price rising 53.86% in the last seven days. With a trading volume of $585.72 million, Pyth Network has achieved a market capitalization of $1.58 billion, closing its position in the 68th position.
Pyth Network is a leading oracle network that provides real-time market data to financial DApps on over 40 blockchains. It offers 380+ low-latency price feeds for cryptocurrencies, equities, ETFs, FX pairs, and commodities sourced from major exchanges, market makers, and financial firms. Users can access the data through the on-chain oracle program.
Laser Digital partnered with Pyth Network to provide cryptocurrency pricing data, enhancing over 400 digital and traditional assets price feeds. This collaboration aims to offer immediate and accurate on-chain data for DeFi. The company is ready to support Pyth Network’s decentralized data provision journey and contribute to its ecosystem growth. PYTH’s value surged by 43.5% post-announcement, signaling market enthusiasm for its role as a top DeFi data aggregator.
5. Avalanche (AVAX)
Price: $56.4
Market Cap: $22 billion
Avalanche (AVAX) exhibits an impressive price movement having increased by 34.40% during the last week. Avalanche’s market capitalization ($2.8 billion) places it among the top five cryptocurrencies, which is pegged at $22 billion market cap.
A significant advancement on the Avalanche platform has led to the increase in Avax’s price. MapleStory, a MMORPG developed by Nexon, is venturing into blockchain gaming on the Avalanche platform through MapleStoryU on a Subnet. MapleStory’s current emphasis is on allowing players to have ownership of the user-generated content they create. This enables players to create their own worlds and items, with a large portion of the game’s items anticipated to be made by players.
Conclusion
These crypto gainers of the week showcase the dynamic nature of the cryptocurrency market, with each digital asset exhibiting remarkable growth within a short timeframe. As investors navigate this volatile landscape, staying informed about such movers and shakers can provide valuable insights for strategic decision-making.
The post Crypto Gainers of the Week appeared first on CoinGape.
Read More