Top Crypto Gainers of the Week

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Recently, the total value of all cryptocurrencies in the world dropped by 6.79%. Consequently, many digital currencies experienced significant losses. Nevertheless, some lucky cryptocurrencies managed to defy this trend and saw their values soar, becoming the new leaders in crypto price growth.

Despite a decrease in market capitalization, the value has experienced a significant jump of 76.67%, amounting to $140.44 Billion. This substantial increase could potentially signal a market rebound.

In this blog, let us discuss the top crypto gainers of this week.

Crypto Gainers Of This Week

During the second week of April, we’re now past that point and drawing nearer to the Bitcoin halving. Notable gains in the cryptocurrency world were made by Nervos Network, Neo, Toncoin, Ethana, and VeChain.

Nervous Network (CKB)

The cryptocurrency called Nervous Network (CKB) has experienced the most significant price increase this week, currently valued at $0.02725. This surge equates to a 39% gain. However, a minor drop occurred in recent hours following its peak at $0.03739 on April 10th, which marked a three-year high.

CKB currently holds the 75th position on CoinmarketCap and boasts a market capitalization of over $1.19 billion. Notably, its trading volume has significantly increased within the last day, resulting in a current value of approximately $321.75 million – representing a substantial 43.72% price increase.

Neo (NEO)

This week, the price of NEO made a strong upward push, reaching its highest mark in nearly two years at $23.53. At present, it is being traded at $20.14, reflecting a significant gain of around 31%.

The volatile crypto market has caused NEO‘s value to drop slightly in the past day, with its market cap now standing at $1.41 billion after experiencing a 9% decline. Additionally, the number of transactions on the Neo network has decreased, with a trading volume of $460,791,440 and an 8% decrease in transaction volume.

Toncoin (TON)

This week saw Toncoin deliver its strongest showing yet, reaching an unprecedented peak price of $7.65 just two days prior. At the moment, Toncoin is being bought and sold at around $6.81, marking a weekly gain of approximately 27%.

TON is ranked 9th on the CoinmarketCap, taking over Cardano in rakings. It is among the best crypto gainers list for its 60% surge this month. Its market cap is at $23,655,717,700 with a trading volume of $855,183,727, surging 50% in the last 24 hours.

Ethena (ENA)

For the second time, ENA has entered the list of top cryptocurrency gainers. Its current price stands at $1.30, representing a 20.74% increase over the past week. With a market capitalization of $1,552 million, this newly launched token has seen impressive growth of 88.45% since its debut.

On April 11th earlier this year, TON reached an unprecedented peak of $1.52, only a 15% difference from its present price. Given its recent growth and a substantial 68% increase in trading activity leading to a market capitalization of $1,554,603,973, there’s a strong likelihood that TON will surpass its all-time high soon.

VeChain (VET)

This week, the cost of VeChain’s price has tried to bounce back, resulting in a 10% increase. At present, the VET token is being bought and sold for around $0.045. The total value of all circulating VET tokens amounts to approximately $3.28 billion.

Despite a slight decrease in price, there was a significant increase of 14% in transactions over the past 24 hours, resulting in a substantial trading volume of $248,846,434.

Conclusion

This week, Nervous Network, Neo, Toncoin, Ethana, and VeChain have been the leading cryptocurrencies with significant gains. Despite market instability and shifting trends, these crypto assets have managed to rise. Among them, Nervous Network took the lead with a remarkable price increase of 39%.

Read More Impact of Bitcoin Halving On The US Crypto Market

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2024-04-13 12:32