DeFi

0x Protocol

Pyth Network

In the recent cryptocurrency market crash, significant altcoins like <a href="https://coingape.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a>, Dogecoin, and <a href="https://coingape.com/price/binance-coin/" rel="noopener noreferrer nofollow">BNB</a> experienced a 10% decrease in value. The sharp decline in the market was partly due to the significant decrease in the value of bitcoin, which dropped below $70,000. Despite the temporary chaos, certain cryptocurrencies have demonstrated resilience, soaring in values, indicating the possibility of substantial profits. Through <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/gainers-losers/" target="_blank">CoinMarketCap</a> data analysis, we can identify the top 5 crypto gainers of the week with price increases of more than 30%. This analysis will help us understand why they are growing in value and what that means for the broader market
<h2 class="p3" id="span-class-s1-b-top-crypto-gainers-this-week-b-span">Top Crypto Gainers This Week</h2>
Here is a list of top crypto gainers in the past week.
<h3 class="p2" id="span-class-s1-b-1-book-of-meme-bome-b-span">1. Book of Meme (BOME)</h3>
Price: $0.02548
Market Cap: $1.34 billion
Book of Meme (BOME), a new meme coin has gained an impressive 2148.44% over the past week, making it one of the biggest gainers. The major cause for this increase in the prices is the trading volume of $3.56 billion which clearly shows high interest in the token the investors. A $1.34 billion market cap has given <a href="https://coingape.com/blog/why-is-book-of-meme-bome-price-pumping/" rel="noopener noreferrer nofollow">BOME</a> a place among the top 100 cryptocurrencies. Book of Meme consists of an updateable electronic magazine, a meme creation tool, and a comprehensive meme library with non-mint JPEGs. The project uses Arweave, IPFS, and inscriptions for data storage and doubles as a social platform for cross-chain storage.
<img decoding="async" class="aligncenter size-full wp-image-186369" src="https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-16-at-17.13.42.png" alt="Book of Meme (BOME) price market performance" width="943" height="507" srcset="https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-16-at-17.13.42.png 943w, https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-16-at-17.13.42-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-16-at-17.13.42-768x413.png 768w, https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-16-at-17.13.42-150x81.png 150w" sizes="(max-width: 943px) 100vw, 943px">
BOME’s price surged due to factors like a successful pre-sale resulting in a high initial price, availability on major exchanges like KuCoin, Gate.io, and Crypto.com, listing on BitMart, MEXC, and HTX, and introduction of a Binance Futures contract. Despite potential risks indicated by a Seed Tag, BOME’s market capitalization reached $375 million, attracting market interest in the meme coin.
<h3 class="p2" id="span-class-s1-b-2-0x-protocol-zrx-b-span">2. 0x Protocol (ZRX)</h3>
Price: $1.34
Market Cap: $1.13 billion
0x Protocol (ZRX) displayed a noteworthy increase in price over the last seven days, 142.69%. Despite a comparatively low trading volume of $291.85 million, its activity pushed it to a market capitalization of $1.13 billion, earning it a spot in the top cryptos.
0x is a <a href="https://coingape.com/glossary/decentralized-exchange/" rel="noopener noreferrer nofollow">decentralized exchange</a> protocol using open-source smart contracts for trading <a href="https://coingape.com/glossary/erc-20/" rel="noopener noreferrer nofollow">ERC20</a> tokens on various blockchains without intermediaries. Used by web3 companies, it has facilitated $200B+ in trading volume, with ZRX as its governance token for protocol changes.
<h3 class="p2" id="span-class-s1-b-3-jupiter-jup-b-span">3. Jupiter (JUP)</h3>
Price: $1.37
Market Cap: $1.85 billion
Jupiter (JUP) has experienced a remarkable 82.41% increase in value over the past week, along with a trading volume of $1.66 billion. This rise in price has pushed its market cap to $1.85 billion, taking its position as 62nd in the market. &nbsp;Jupiter provides advanced swap aggregation for Solana, enhancing liquidity infrastructure. It expands <a href="https://coingape.com/glossary/defi-decentralized-finance/" rel="noopener noreferrer nofollow">DeFi</a> offerings with features like Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.
<img decoding="async" class="aligncenter size-full wp-image-186371" src="https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-16-at-17.23.46.png" alt="Jupiter (JUP) price market performance" width="941" height="517" srcset="https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-16-at-17.23.46.png 941w, https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-16-at-17.23.46-300x165.png 300w, https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-16-at-17.23.46-768x422.png 768w, https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-16-at-17.23.46-150x82.png 150w" sizes="(max-width: 941px) 100vw, 941px">
JUP price is rising due to the introduction of the LFG Launchpad feature, empowering the community to make decisions. Trading volume has surged by 127.79%, reaching $1.2 billion in the last 24 hours, driving the rally and reflecting heightened market activity and growing demand for JUP tokens.
Jupiter’s growth is driven by the Value-Average feature, attracting users with a dynamic investment strategy. Green Bitcoin Presale offers predict-to-earn opportunities. On-chain data shows increasing investor trust with a Total Value Locked (<a href="https://coingape.com/glossary/tvl-total-value-locked/" rel="noopener noreferrer nofollow">TVL</a>) over $300 million. Jupiter’s swap aggregator has facilitated 29.6 billion in volume and 41.8 million transactions.
<h3 class="p2" id="span-class-s1-b-4-pyth-network-pyth-b-span">4. Pyth Network (PYTH)</h3>
Price:&nbsp; $1.07
Market Cap: $1.58 billion
Pyth Network (PYTH) has experienced impressive performance, with the price rising 53.86% in the last seven days. With a trading volume of $585.72 million, Pyth Network has achieved a market capitalization of $1.58 billion, closing its position in the 68th position.
Pyth Network is a leading oracle network that provides real-time market data to financial <a href="https://coingape.com/glossary/decentralized-applications-dapps/" rel="noopener noreferrer nofollow">DApps</a> on over 40 blockchains. It offers 380+ low-latency price feeds for cryptocurrencies, equities, ETFs, FX pairs, and commodities sourced from major exchanges, market makers, and financial firms. Users can access the data through the on-chain oracle program.
<a rel="noopener noreferrer nofollow" href="https://www.laserdigital.com/company-news/laser-digital-announces-strategic-partnership-with-pyth-network" target="_blank">Laser Digital</a> partnered with Pyth Network to provide cryptocurrency pricing data, enhancing over 400 digital and traditional assets price feeds. This collaboration aims to offer immediate and accurate on-chain data for DeFi. The company is ready to support Pyth Network’s decentralized data provision journey and contribute to its ecosystem growth. PYTH’s value surged by 43.5% post-announcement, signaling market enthusiasm for its role as a top DeFi data aggregator.
<h3 class="p2" id="span-class-s1-b-5-avalanche-avax-b-span">5. Avalanche (AVAX)</h3>
Price:&nbsp; $56.4
Market Cap: $22 billion
Avalanche (AVAX) exhibits an impressive price movement having increased by 34.40% during the last week. Avalanche’s market capitalization ($2.8 billion) places it among the top&nbsp; five cryptocurrencies, which is pegged at $22 billion market cap.
<img decoding="async" class="aligncenter size-full wp-image-186373" src="https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-16-at-18.09.31.png" alt="Avalanche (AVAX) price market performance" width="952" height="521" srcset="https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-16-at-18.09.31.png 952w, https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-16-at-18.09.31-300x164.png 300w, https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-16-at-18.09.31-768x420.png 768w, https://coingape.com/wp-content/uploads/2024/03/Screenshot-2024-03-16-at-18.09.31-150x82.png 150w" sizes="(max-width: 952px) 100vw, 952px">
A significant advancement on the Avalanche platform has led to the increase in Avax’s price. MapleStory, a MMORPG developed by Nexon, is venturing into blockchain gaming on the Avalanche platform through MapleStoryU on a Subnet. MapleStory’s current emphasis is on allowing players to have ownership of the user-generated content they create. This enables players to create their own worlds and items, with a large portion of the game’s items anticipated to be made by players.
<h2 id="conclusion">Conclusion</h2>
These crypto gainers of the week showcase the dynamic nature of the cryptocurrency market, with each digital asset exhibiting remarkable growth within a short timeframe. As investors navigate this volatile landscape, staying informed about such movers and shakers can provide valuable insights for strategic decision-making.
The post <a href="https://coingape.com/blog/crypto-gainers-of-the-week-2/" rel="noopener noreferrer nofollow">Crypto Gainers of the Week</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Gainers of the Week

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