During the previous week, the landscape of cryptocurrency markets experienced a primarily optimistic trend. Bitcoin and Ethereum exhibited resilience by maintaining their resistance levels, while Altcoins surged with momentum, showing significant increases in their weekly performance. This collective movement within the market indicates potential for ongoing expansion in the near future.
Among the top 100 cryptocurrencies, several Altcoins distinguished themselves as the most notable gainers of the week. THORChain (RUNE) took the lead, closely followed by Toncoin (TON) in second place. Notably, Pepe (PEPE) secured its position in third place due to remarkable growth.
THORChain (RUNE) has been making a distinct mark in the cryptocurrency market, showing a remarkable 50% surge over the past week and displaying bullish indicators. Currently, RUNE is trading at $1.41, showing a notable increase of 6.13% in the last 24 hours. The cryptocurrency reached a peak of $1.43, demonstrating strong and remarkable performance.
On another note, Toncoin (TON) has been attracting attention as a top weekly performer. Over the past week, TON experienced an impressive surge of approximately 16%. As of now, TON is trading at $1.39, having reached its peak at $1.45, indicating a robust and noteworthy performance. In the last 24 hours, the token has experienced a 1.15% increase, while its trading volume has increased by 27%.
Additionally, Pepe (PEPE) has also recently gained significant attention, with an above 15% weekly gain. The token’s price has reached a high of $0.000001417. Currently trading at $0.000001353, the token’s 24-hour trading volume increased by 6.82%.
Moreover, some popular coins are experiencing gains in weekly charts, including ApeCoin (APE) at 11.15%, SHIB at 9.35%, and Mina (MINA) with an increase of 7.53%, according to the data from CoinMarketcap.
Bitcoin (BTC) & Ethereum (ETH) Weekly Review
Bitcoin’s pushback above $30k instills confidence in crypto markets. Throughout the previous week, Bitcoin maintained its promising position, distinguishing itself from the behavior exhibited by other cryptocurrencies.
Santiment recently tweeted about Bitcoin’s resurgence to $30.3K, despite declining equities and a strengthening dollar. The tweet highlighted the significant profit-taking activity, which reached its peak in over three weeks. Additionally, it pointed out that Bitcoin addresses have seen an average increase of more than 20% in the past year.
Ethereum (ETH) retains its uniqueness, trading between the price range of $1,800 and $1,900. According to Santiment’s recent update, Ethereum’s top 10 addresses have experienced growth, accumulating a larger portion of the coin supply. Over the span of five years, these 10 addresses’ ownership of Ethereum has increased significantly from 11.2% to an impressive 34.6% of the total circulating $ETH. This accumulation adds 27.86 million $ETH, which translates into a substantial value of $51.6 billion.
According to CoinMarketCap, Bitcoin is currently trading at $29,351.10, with a 0.89% increase over the past seven days and a 0.08% decrease in the past 24 hours. On the other hand, ETH is being traded at $1,844.97, experiencing a 0.17% decrease in the past 24 hours and a 0.56% increase over the past seven days.
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