Growth in Digital Currency Market: 17 Cryptocurrencies Surge Over 15% This Week
Recent data reveals that in the past week, 17 digital currencies experienced a surge of more than 15%, with NEAR and BONK leading the way. Apart from Bitcoin (BTC), Ethereum (ETH), and stablecoins, significant trading volumes were observed in SOL, XRP, BNB, DOGE, PEPE, and SHIB.
NEAR/USD on 4-22-24.
NEAR witnessed a remarkable increase of 33% this week, and in the last 24 hours alone, it skyrocketed by 15%. Over the course of the week, BONK climbed by 32.7%, but it saw a slight decline of 1.7% in the last day compared to the previous one. PEPE showed a 29.3% appreciation against the U.S. dollar this week, while AR saw a rise in value by 26.1%.
BONK/USD on 4-22-24.
Other top performers included SEI, CORE, SHIB, TIA, FLOKI, and ICP. GALA, WLD, and PYTH also recorded gains ranging from 17.5% to 18.2% over the week. While 17 cryptocurrencies achieved gains above 15%, 23 saw double-digit increases, and 46 experienced advances of over 5%.
CKB/USDT on 4-22-24.
On the other hand, the nervos network (CKB) experienced a decline of 19%, making it the biggest loser of the week. TAO was the second biggest loser, losing 11.8% of its value. Only 13 digital currencies faced losses during the seven-day period, with ONDO, ENA, and MKR also experiencing notable declines. Additionally, TKX, ZBC, and LEO registered losses over the week.
As the crypto market shows signs of recovery, marked by a significant increase in valuation, optimism suggests potential bullish trends in the future. However, the landscape remains unpredictable, emphasizing the need for caution. While the upward trajectory generates enthusiasm, it also calls for vigilance.
Speculation, as always, carries the potential for great fortunes or significant financial setbacks, reminding crypto traders that certainty remains elusive in the realm of digital currencies. At present, the outlook is improving, and cryptocurrency traders are reentering the market.
What are your thoughts on the current outlook of the crypto market? Share your opinions in the comments section below.
