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According to the most recent figures, the value of the cryptocurrency market has reached $2.43 trillion after a 2.62% increase in the last 24 hours. Bitcoin and ether have risen by 4% and 3.5%, respectively. NEAR experienced a significant uptick of 33% this past week, while BONK escalated by 32.7%.
Digital Currency Market Grows: 17 Cryptos Climb Over 15% This Week
Data indicates that 17 digital currencies advanced more than 15% in the past week, with NEAR and BONK at the forefront. Apart from BTC, ETH, and stablecoins, significant trading volumes were noted in SOL, XRP, BNB, DOGE, PEPE, and SHIB.
This week, NEAR rose by 33% and in the past 24 hours alone, soared by 15%. Over the week, BONK climbed 32.7% but dipped by 1.7% in the last day compared to the previous one. PEPE registered a 29.3% appreciation this week against the U.S. dollar, and AR saw its value rise by 26.1%.
Other leading performers included SEI, CORE, SHIB, TIA, FLOKI, and ICP, while GALA, WLD, and PYTH posted gains ranging from 17.5% to 18.2% over the week. While 17 cryptocurrencies logged gains above 15%, 23 recorded double-digit increases, and 46 experienced advances over 5%.
Conversely, the nervos network (CKB) fell by 19%, topping this week’s decliners. TAO was the second biggest loser, shedding 11.8% of its value. Only 13 digital currencies faced losses during the seven-day period, with notable declines also seen in ONDO, ENA, and MKR. Additionally, TKX, ZBC, and LEO registered losses over the week.
As the crypto economy exhibits a revival, marked by a significant increase in its valuation, optimism hints at potential bullish trends ahead. Yet, the landscape remains unpredictable, emphasizing that while the upward trajectory invites enthusiasm, it also beckons caution.
Speculation, as ever, holds the dual potential to forge fortunes or foster significant financial setbacks, reminding crypto traders that in the realm of digital currencies, certainty remains elusive and vigilance is paramount. As of now, the outlook is improving, and cryptocurrency traders are reentering the market.
What do you think about the crypto market’s current outlook? Share your thoughts and opinions about this subject in the comments section below.