Markets
WIF, HNT, CORE and PEPE boast weekly gains above 40%
Dogwifhat, Helium, Core, and Pepe emerged as the biggest gainers in the cryptocurrency market last week. Each token saw a price surge of more than 40%.
Wife’s Hat
Women’s hat (Wife) has grown by more than 50% in the last seven days, and at the time of writing was trading at $2.56.
The cryptocurrencies had a daily trading volume of $311 million, while their market capitalization surpassed the $2.55 billion milestone, according to CoinMarketCap data.
WIF Price Chart | Source: CoinMarketCap
Despite having no clear utility, WIF, the dog-themed meme coin based on Solana, has become one of the best-performing meme coins of 2024.
His website humorously notes that he is “literally just a dog in a hat.”
The WIF token has outpaced other well-known meme coins like Shiba Inu and Pepe Coin in terms of price gains. In March, supporters quickly funded a campaign to project Dogwifhat’s image onto the Las Vegas Sphere, surpassing their fundraising goal within days.
helium
Helium (INTENSITY), a blockchain network aimed at the Internet of Things (IoT), has increased by 47.8% in the past week and is now trading at $4.70.
With a market cap of around $756 million, Helium is ranked 92nd in the world by cryptocurrency market cap, as reported by CoinMarketCap, and has a trading volume of around $8.6 million.
Helium is a pioneering blockchain network designed to enable wireless communication between IoT devices around the world.
Created by Helium Inc., founded in 2013, this network offers a decentralized, cost-effective and scalable connectivity solution.
Rather than relying on a centralized infrastructure like traditional telecom services, Helium’s unique approach enables individuals to become network hosts by running hotspots, specialized hardware devices that provide coverage and transmit data for IoT devices.
In exchange for their participation, hosts receive Helium tokens (HNT), thus promoting the expansion and density of the network.
Nucleus
Nucleus (NUCLEUS) has seen a 47% increase in the last seven days. According to price data from crypto.news, CORE is currently trading at $1.64, with a 62.9% increase in daily trading volume to around $115 million.
CORE Price Chart | Source: TradingView
CORE’s market cap is currently valued at $1.47 billion. Despite the recent recovery, the token’s price is still 75% below its all-time high of $6.47, recorded on February 8.
Core operates as a decentralized digital payment system on its dedicated blockchain network. It uses a proof-of-work protocol to validate transactions and to mine new coins. The cryptocurrency is designed with privacy in mind, supporting anonymous transactions through sophisticated cryptographic methods.
As an open source project, Core’s development is supported by a worldwide community of volunteer developers.
This digital asset is used for direct peer-to-peer transactions, is stored in crypto wallets, and is available for trading on various digital asset exchanges.
Pepper
Pepper (PEPPER) has increased by 40% in the past day, trading at $0.000012 at press time. Its daily trading volume stands at around $614 million over the past 24 hours.
PEPE’s market cap is $5.16 billion, ranking it as the 22nd largest cryptocurrency.
PEPE Price Chart | Source: TradingView
Pepe, an Ethereum-based token that debuted on April 15, draws inspiration from popular meme culture. It aims to capitalize on the meme coin trend, leveraging the widespread recognition of its amphibian mascot. This approach has resonated well with traders and investors, raising the token’s profile in the cryptocurrency market.
Designed as a deflationary token with no transaction tax implications, Pepe seeks to carve out a significant position among established meme coins like Shiba Inu and Dogecoin. The token’s association with the popular “Pepe the Frog” meme is central to its strategy of attracting a broader user base.
Bitcoin Soars 12% in Strong Recovery
The overall rise of these altcoins followed that of Bitcoin (BTC) Up 12% from last week, hitting $67,180 on Sunday. Bitcoin’s 24-hour lows and highs were $66,640 and $67,567, respectively.
Yesterday, the world’s largest cryptocurrency attempted to break above the $68,000 mark, but ran into resistance, causing bearish traders to prematurely end the rally.
Despite this setback, BTC’s strong performance over the week has positively impacted the broader cryptocurrency market sentiment. Sentiment has shifted from Fear to Greed, with the Greed index rising sharply to 74, a significant increase from last week’s score of 33.
Meanwhile, the global cryptocurrency market capitalization also saw a 1.42% increase over the past day, reaching a total of $2.43 trillion.