Markets
Here are the best performing cryptocurrencies of the week: Weekend Watch
As the next few weeks unfold, we will be looking at some of the top performing cryptocurrencies over the past seven days.
It’s safe to say that the week has been a good one for the markets, with the total market cap rising to $2.55 trillion, adding over $150 billion. This comes on the back of impressive performances across the board, so let’s start with Bitcoin.
Bitcoin Soars 11% in Impressive Recovery
Despite not being the best performer, Bitcoin has certainly made waves over the past seven days, surging by a whopping 11%.
As you can see in the chart below, the growth mainly occurred starting from July 14th, when the price of BTC took off.
The price attempted to reach the $68K level yesterday but failed as the bears preemptively stopped the rally. BTC is now in an intraday correction, trading below $67K.
However, its impressive performance over the week also had an impact on the broader context. cryptocurrency market sentimentwho is currently in a state of Greed. With a score of 74, it has increased by over 100% from last week, when it was in a state of Fear with a score of 33.
The best performing cryptocurrencies
It’s a world of memes. Four of the top 6 performers over the past seven days are meme coins.
Taking the top spot with a 60% increase in the last week is the cat-themed meme POPCAT. Close behind is dogwifhat. WIF has increased by 53% in the same period, followed by PEPE with 33.6% and FLOKI with 33.4%.
In the middle are Arweave (AR) and Core (CORE), which are up 40% and 37%, respectively.
Other notable mentions, which are up about 30%, include INJ, BONK, JUP, RUNE, TAO, and OM from Mantra.
In fact, almost all cryptocurrencies managed to see an increase during the week, with the exception of UNI, AAVE, TRX, TON, ADA, and EGLD. These are the only altcoins in the red, but they did not lose that much. UNI is the worst performer and is down only 5%.
SPECIAL OFFER (sponsored)
Binance $600 Free (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive $600 welcome offer on Binance (full details).
LIMITED OFFER 2024 on BYDFi Exchange: Up to $2,888 Welcome Reward, use this link to register and open a 100 USDT-M position for free!
Disclaimer: The information found on CryptoPotato is that of the authors cited. It does not represent CryptoPotato’s views on the advisability of buying, selling, or holding any investment. We recommend that you conduct your own research before making any investment decisions. Use the information provided at your own risk. See Disclaimer for more information.
Cryptocurrency Charts by TradingView.