Best-Performing Cryptocurrencies Over the Past Week
As yet another week passes, we will examine some of the best-performing cryptocurrencies over the past seven days.
It’s safe to say that the week has treated the markets well, with the total capitalization growing to $2.55 trillion, adding over $150 billion. This comes on the back of impressive performances on all fronts, so let’s first start with Bitcoin.
Bitcoin Soars 11% in Impressive Recovery
Despite not being the top performer, Bitcoin surely made waves in the past seven days, surging by a whopping 11% in the process.
As you can see in the chart below, it’s been mostly up only since July 14th, when the BTC price took off.
Chart Analysis
The price tried to claim the $68K level yesterday but was unable to do so as the bears stopped the rally preemptively. BTC is now found in an intraday correction, trading below $67K.
Impact on Crypto Market Sentiment
Nevertheless, its impressive performance throughout the week has also had an impact on the broader crypto market sentiment, which is currently in a state of Greed. With a score of 74, it’s up more than 100% compared to last week, when it was in a state of fear with a score of 33.
Best Performing Cryptocurrencies
It’s a meme world. Four of the top 6 best performers in the last seven days are meme coins.
Claiming the first spot with a 60% increase in the past week is the cat-themed meme POPCAT. Right after it, we have dogwifhat. WIF is up 53% over the same period, followed by PEPE with 33.6%, and FLOKI with 33.4%.
In between them are Arweave (AR) and Core (CORE), which are up 40% and 37%, respectively.
Other noteworthy mentions, which increased by around 30% include INJ, BONK, JUP, RUNE, TAO, and Mantra’s OM.
As a matter of fact, almost all cryptocurrencies managed to chart an increase during the week with the exception of UNI, AAVE, TRX, TON, ADA, and EGLD. These are the only altcoins in the red, but they haven’t lost that much. UNI is the worst performer and it’s only down 5%.
Conclusion
This week has been a remarkable one for the cryptocurrency market, with the total capitalization growing by over $150 billion. Bitcoin’s impressive 11% surge has also had a significant impact on the broader market sentiment, which is now in a state of Greed. Meanwhile, meme coins have taken center stage, with four of the top 6 best performers being meme coins. It will be interesting to see how the market performs in the coming weeks.
FAQs
Q: What is the current state of the crypto market sentiment?
A: The current state of the crypto market sentiment is one of Greed, with a score of 74.
Q: Which cryptocurrency has performed the best in the past week?
A: POPCAT, a cat-themed meme coin, has performed the best in the past week, with a 60% increase.
Q: Which altcoins are in the red?
A: UNI, AAVE, TRX, TON, ADA, and EGLD are the only altcoins that have decreased in value, with UNI being the worst performer, down 5%.
Q: What is the current price of Bitcoin?
A: The current price of Bitcoin is below $67K, following an intraday correction.
