Here Are This Week’s Best Performing Cryptocurrencies: Weekend Watch

In the latest analysis of the cryptocurrency market, Bitcoin showcased an impressive 11% recovery over the past week, significantly bolstering market sentiment and contributing to a total market capitalization that surged to $2.55 trillion. Equally notable were several lesser-known digital assets which posted remarkable gains, with the cat-themed meme coin POPCAT leading the charge with a staggering 60% increase. Other top performers included dogwifhat, Arweave, and Core, each marking substantial growth. Despite minor setbacks for a few altcoins such as UNI and AAVE, the overall market trajectory remained robust, reflecting a positive outlook for investors and enthusiasts alike. Have you ever wondered which cryptocurrencies have been the top performers over the past week? As another week concludes, it is an opportune moment to examine the digital assets that have shown remarkable performance over the last seven days. The market has been on an impressive trajectory, with the total market capitalization increasing to $2.55 trillion, adding over $150 billion. This comes on the back of impressive performances on all fronts, especially Bitcoin, which has led the charge.

Bitcoin Soars 11% in Impressive Recovery

In the realm of cryptocurrencies, Bitcoin often grabs most headlines, and this week has been no exception. Despite not being the top performer, Bitcoin managed an impressive 11% surge over the past seven days. Since July 14th, Bitcoin has shown a consistent upward trend, reflecting a robust recovery.

Bitcoin’s Performance in Numbers

As of the latest data, Bitcoin attempted to breach the $68,000 level but faced resistance and is now in an intraday correction trading below $67,000. Nevertheless, the broader impact of Bitcoin’s performance is palpable.

This improvement in Bitcoin’s price has positively influenced market sentiment. The Fear and Greed Index, which gauges the emotions driving the market, has moved from a state of fear (score of 33 last week) to a state of greed (score of 74 this week). This more than 100% increase in the index score illustrates the significant shift in market sentiment.

Best Performing Cryptocurrencies

Beyond Bitcoin, several other cryptocurrencies have made noteworthy gains. Interestingly, meme coins have dominated the list of top performers. Four of the top six best performers in the last week are meme coins, underscoring the unpredictable nature of the cryptocurrency market.

Top Performers of This Week

POPCAT

Leading the charge is POPCAT, a cat-themed meme coin, which has seen a 60% increase over the past week. The rising popularity of such meme coins can often be attributed to viral social media trends and the influence of internet culture on financial markets.

WIF

Following POPCAT, dogwifhat (WIF) saw an impressive 53% rise. Meme coins, often speculative in nature, have shown that they can still capture investor interest and yield substantial returns.

Notable Performers

In addition to the meme coins, several other cryptocurrencies have shown substantial growth. Arweave (AR) and Core (CORE) have seen increases of 40% and 37%, respectively. These assets demonstrate that there is significant interest in cryptocurrencies with unique use cases and strong fundamentals.

Other noteworthy mentions include INJ, BONK, JUP, RUNE, TAO, and Mantra’s OM, each of which saw approximately 30% increases. This broad-based rally indicates a bullish sentiment pervading the entire market.

Underperformers

Despite the overall positive market conditions, some cryptocurrencies did not fare as well. UNI, AAVE, TRX, TON, ADA, and EGLD were in the red. However, their losses were relatively minimal, with UNI being the worst performer, down just 5%. The limited losses among the underperformers suggest that the market correction was not severe.

Summary of Underperformers