WEB3

Most Profitable Cryptos This Week - $SUI 14% Surge

by BSCN

August 25, 2023

chain

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.

$SUI Outperforms The Market

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.

$SUI 7D Price Chart. Source: CoinGecko

Weekly Gains from $DYDX and $TON

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

Related News

;