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Swarm of Alternative Crypto Assets Outpace Bitcoin’s Gains by Double Digits This Week Skip to main content

Swarm of Alternative Crypto Assets Outpace Bitcoin’s Gains by Double Digits This Week

After the price of bitcoin tapped an all-time high above the $67K handle, it then dropped below the $60K zone to $59,510 per unit. Since then, the leading crypto asset has regained some of the losses and bitcoin is still up 2.4% during the last seven days. However, a great number of crypto assets have outperformed bitcoin’s weekly rise, capturing double-digit gains as high as 65.1%.

Thorchain, Nexo, Near, Okb, Shiba Inu, Safemoon Values Spike

Digital currency markets are on the move again as the $2.733 trillion market valuation of all 10,000+ crypto assets is up 4.6% on Monday. BTC has jumped a bit higher during the latter half of Sunday’s trading sessions into Monday and BTC has gained 2.4% this past week. But there’s over 55 different digital assets that have outperformed BTC’s weekly gains.

The top seven-day gainer this week is thorchain (RUNE) which has jumped a whopping 65.1% this past week. The crypto asset thorchain has a $3.3 billion market capitalization and $208 million in trade volume on Monday. Nexo (NEXO) spiked 61.6% during the last week and has a market cap of around $1.5 billion.

Nexo is followed by okb’s (OKB) gains which have jumped 61.5% this week and near’s (NEAR) value rise of 56.1%. Shiba inu suffered some losses after Elon Musk said he didn’t own any SHIB but the meme-currency did gather 53.2% in gains this week. Harmony (ONE) did well this past week obtaining 47.5% and safemoon (SAFEMOON) lifted 45.8%.

Ethereum Gains 9% Pushing Market Dominance to 18.2%

As far as the top ten crypto are concerned, ethereum (ETH) has risen 9.4%, binance coin (BNB) spiked 3.4%, solana (SOL) is up 33%, polkadot (DOT) up 5.7%, and dogecoin (DOGE) jumped 10.7%. With a $2.733 trillion market valuation, all the digital assets today have seen around $125 billion in global trade volume.

Ethereum’s 9.4% gain has cushioned ether’s dominance level this week as it has tapped 18.2% on Monday. Bitcoin’s dominance level has dropped a couple of percentages from over 45% to 43.5% on Monday afternoon.

Furthermore, binance coin (BNB) has a market cap dominance of around 3.09%, the stablecoin tether (USDT) commands 2.72%, cardano (ADA) 2.71%, and solana (SOL) 2.43% in terms of market dominance among the 10,000+ crypto assets.

What do you think about the crypto market performers this past week? Let us know what you think about this subject in the comments section below.

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