WEB3
by BSCN
August 25, 2023
Despite a rough period for the cryptocurrency markets, tokens like $SUI, $DYDX, $TON have been leading profits and recovery
Following on from last week’s ‘flash crash’, gains across top cryptocurrencies have been few and far between. However, a small handful of top digital assets have yet performed well over the seven-day period.
Within the top 100 cryptocurrencies by market capitalization, $SUI, the native token for Mysten Labs’ Sui Network, has performed best, clocking in an impressive 14.3% gain over the week at time of writing, according to data from CoinGecko.
Currently, $SUI boasts a market capitalization of nearly $400 million, less than four months after its official public mainnet launch.
The direct cause of $SUI’s recent performance is not entirely clear. However, according to Sui’s blog, its most recent formal announcement came on August 18, when the recipients of some $900,000 worth of grants were announced.
Not far behind Sui’s impressive run, comes decentralized finance protocol, dYdX ($DYDX), which recorded a 10% gain over the seven-day period, translating to a total market capitalization of more than $375 million, according to data from Coingecko.
Similarly, Toncoin’s $TON has seen a 6.8% recovery over the same timeframe, placing its own market cap at nearly $5 billion.
Honorable mentions include Fantom’s $FTM, and Tron’s $TRX, which are up 5.8% and 4.6%, respectively, over the week.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
Latest News
December 9, 2024
SushiSwap Unveils Ambitious 2025 Product Launches, Expanding DeFi Ecosystem
December 9, 2024
Amazon Faces Decision on Bitcoin Investment After NCPPR Proposal
December 7, 2024
Weekly Article Recap: 12/02-12/06
December 6, 2024
Florida Plans Strategic Bitcoin Reserve Using $1.85B from Pension Fund
December 6, 2024
Who is the Upcoming White House AI and Crypto Czar, David Sacks?
December 5, 2024
From Steps to Rewards: How Runwago Changes the Game
December 5, 2024
Who is the Upcoming US SEC Chair Paul Atkins?
December 5, 2024
“Hawk Tuah” Girl’s $HAWK Memecoin Faces Backlash After Allegations of Insider Trading and Sniping