The crypto markets are on a tear this week, with double-digit gains seen across many top cryptocurrencies. Overall, the crypto market cap surged by over 8% over the last 7 days.
Leading the pack are a crop of cryptocurrencies that posted outsized returns, including several that more than doubled in value.
Fueled by a mixture of hype around innovative new projects, momentum from Bitcoin rallying, and a broader return of appetite for riskier crypto assets, this week saw vibrant signs of life across portions of the crypto ecosystem. Both new cryptocurrencies just making their debut and established platforms saw coin prices balloon.
BONK (205.91%)
BONK saw immense price gains this week, skyrocketing up over 200% in value. It rallied from $0.0000396 up to as high as $0.0001219.
BONK is a dog-themed meme coin built on the Solana blockchain that launched on Christmas 2022. It airdropped 50% of its supply to Solana NFT holders and developers. The coin aims to become a community token used across Solana apps.
ORDI (133.07%)
ORDI posted stellar triple-digit returns, with its price spiking 133% higher on the week. It climbed rapidly from $21.55 up to $50.44.
ORDI is a Bitcoin-based token that allows data to be embedded into Bitcoin’s smallest units, satoshis. It demonstrates BTC’s ability to support fungible tokens through the Ordinals protocol.
BitTorrent (114.88%)
Riding high on speculation, BitTorrent’s BTT token gained 115% in the last 7 days. It shot up from $0.00000473 to $0.000001013.
BitTorrent is a popular peer-to-peer file sharing network that was acquired by TRON in 2018. Its BTT token allows sharing of bandwidth resources on the platform.
Helium (57.89%)
Helium’s HNT rallied 58% this week as prices bounced back. It rose from $3.01 up to the $4.75 level.
Helium operates a decentralized blockchain-based network that connects IoT devices using Hotspots. HNT is used to pay for connectivity and coordinate the network.
Terra Classic (43.99%)
LUNC staged a decent recovery this week, regaining 44% in value. It closed the week at $0.0002014, up from $0.00014.
LUNC is the native token of the original Terra blockchain. It was abandoned after the collapse of the Terra stablecoin and launch of a new Terra chain.
Pepe (42.18%)
The meme token Pepe popped 42% higher amid the hype. It climbed from $0.0000011 up to $0.000001572.
Pepe is a deflationary meme token on Ethereum that pays homage to the popular Pepe the Frog internet meme.
Cardano (40.20%)
ADA posted four-straight green days, gaining 40% on the week. It went on a tear from $0.385 to close at $0.5396.
Cardano is a proof-of-stake blockchain for running decentralized apps and smart contracts, with Ada as its native token.
Beam (37.74%)
Beam’s price increased by nearly 38% week-over-week. It rose from $0.0111 up to $0.01532.
Beam is a privacy-focused cryptocurrency that uses a GPU-minable proof-of-work algorithm to obscure transaction details.
Avalanche (34.35%)
AVAX tapped $29.28 at its peak, gaining 34% from $21.80 last Friday.
Avalanche is a high-speed blockchain for launching decentralized finance apps, NFTs, and enterprise solutions using the AVAX token.
Stacks (33.74%)
STX closed out the week up 35%, rising from $0.77 up to $1.04.
Stacks brings smart contracts and apps to the Bitcoin blockchain through a two-way peg to BTC. Its STX token powers the network.
This week’s standout gainers represent a microcosm of some of the most exciting ongoing niches and narratives in crypto. From meme coins bringing fun to the crypto community, to projects expanding Bitcoin’s utility, to developers flocking back to leading smart contract platforms – this week had it all.
With cryptocurrency prices often moving in tandem with each other, the flood of green across top coins shows renewed momentum and risk-on sentiment.
The mix of meme coin mania, Bitcoin’s expanding functionality as a crypto platform, and the return of developer interest signals a crypto ecosystem that is far from fading away. And with crypto poised to emerge from the ashes of a painful bear market, the biggest weekly gainers shed light on where the next generation of projects may thrive.
