finbold.com
Greed dominated the overall cryptocurrency market sentiment in the last few weeks, with Bitcoin (BTC) and altcoins registering significant gains. Meanwhile, three cryptocurrencies are leading as the best performers for the week against other top-100 assets by market cap.
These 3 top-100 cryptos are Mina (MINA), Pepe (PEPE), and Injective (INJ). With accumulated gains in the week of 77.51%, 60.46%, and 53.97%, respectively, according to CoinMarketCap‘s top gainer’s index on October 25.
Notably, their 24-hour volume is proportional to the price increase, with Mina registering $888.53 million, Pepe $281.53 million, and Injective carving $149.79 million of tokens changing hands in the last day.
Interestingly, INJ has the highest market capitalization among the top 3 gainers of the week, in the 44th position on CoinMarketCap. The token MINA is the second-largest, ranked 60th, while PEPE has the 84th rank by market cap.
Mina (MINA) price analysis
Mina jumped to $0.90 per token on October 24 for a brief 143% price surge from the $0.37 trading price one week ago. At the time of publication, MINA is changing hands by $0.68 per token with 14% in daily losses, after retracing from its pump.
Pepe (PEPE) price analysis
Meanwhile, the meme coin Pepe is trading at its resistance zone for the week, at $0.00000103 by press time. As a purely speculative token, PEPE must break these highs in order to continue growing, but without a demand impulse, it could retrace back to a bearish trend.
Injective (INJ)
Injective is showing a similar pattern as PEPE, also trading at its weekly resistance zone at $12.25 per token by press time. Nevertheless, INJ has shown solid fundamentals and was among the top 3 picks by ChatGPT of low-cap coins, reported by Finbold on October 21, before the bull run.
Notably, if a crypto trader had bought INJ at our previous report publication time by $9 per token, this trader would have profited 36% in current prices.
Despite the recent extraordinary gains for these three cryptocurrencies, the crypto market is volatile, and losses can be accrued as fast as the gains. Investors must learn to manage their risks and hedge their positions when speculating.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.