A review of the best-performing cryptocurrencies over the past week, highlighting significant gains and market trends.
Points
- Total market capitalization grew to $2.55 trillion.
- Bitcoin surged by 11%, impacting broader market sentiment.
- Meme coins like POPCAT, dogwifhat, PEPE, and FLOKI performed exceptionally well.
As another week passes, we examine some of the best-performing cryptocurrencies over the past seven days. The total market capitalization grew to $2.55 trillion, adding over $150 billion, reflecting impressive performances across various fronts.
Despite not being the top performer, Bitcoin made significant waves, surging by 11% in the past week. The BTC price has been mostly upward since July 14th, attempting to reach $68K but facing resistance just below $67K. Its performance has positively impacted broader market sentiment, shifting from a state of fear to greed, with the market sentiment score rising from 33 to 74.
Among the standout performers are several meme coins, which have dominated the top rankings. POPCAT leads the pack with a 60% increase, followed by dogwifhat （WIF） up by 53%, PEPE by 33.6%, and FLOKI by 33.4%. Other noteworthy mentions include Arweave （AR） and Core （CORE）, which rose by 40% and 37%, respectively.
Most cryptocurrencies recorded gains during the week, with UNI, AAVE, TRX, TON, ADA, and EGLD being the exceptions, though their losses were minimal. UNI was the worst performer, down by only 5%.
解説
- Market Capitalization: The significant increase in total market capitalization reflects overall positive market sentiment and strong performance across various cryptocurrencies.
- Bitcoin’s Influence: Bitcoin’s surge has a ripple effect on the broader crypto market, influencing investor sentiment and driving market trends.
- Meme Coins: The remarkable performance of meme coins highlights their continued popularity and potential for high returns, though they come with increased volatility and risk.