New data posted today by CMC listed top-performing virtual assets this week, highlighting projects that have experienced substantial growth over the past seven days. The analyst took a stock of exceptional performers that have attracted the interest of digital asset investors and users alike. Such an analysis is crucial because it indicates which assets are witnessing outstanding movements in the market and could deliver high gains. This enables crypto traders to create wise decisions by tracking shifts and opportunities in the decentralized market.
Top 10 Standout Gainers of the Week
OKB (OKB)
OKB (OKB) is at the top of the list because it recorded the highest gains over the past week. OKB, a native token of the OKX exchange, formerly OKEx, experienced a whopping 161.46% noted over the past seven days. This impressive price surge has been fuelled by an important token burning initiative introduced by the OKB network this week. The burning event permanently eradicated 65 million OKB coins from circulation as part of efforts to bolster the asset’s scarcity and price.
Mantle (MNT)
Mantle (MNT) is second on the list with a remarkable price increase. Mantle, an Ethereum Layer-2 scaling solution, pumped its market value by 131.77% over the past week, making its price currently stand at $1.36. Mantle’s recent partnership with ByBit exchange to roll out MNT staking offerings in the digital asset trading platform has been a major catalyst for this price growth.
Aerodrome Finance (AERO)
Aerodrome Finance (AERO), a DEX platform built on Base network, secured the third place, with an exciting 19.96% weekly surge. The value of AERO is currently hovering at $1.44, reflecting robust demand for Aerodrome Finance’s platform and its unique approach to decentralized finance trading.
Cardano (ADA)
Cardano secured the fourth place with a weekly growth of 19.51%, making its value currently stand at $0.9566. This momentum shows a robust purchasing frenzy in the asset, making ADA a strong target for investors looking for heightened returns. Whale accumulation has been a key factor behind this advancement. The latest data from market analyst Trader Jibon on Thursday revealed that over 15 million Cardano coins remain unmoved for over a year now, indicating decreased selling pressure amidst the looming ‘altcoin season’ craze.
Arbitrum (ARB)
Fifth on the list is Arbitrum (ARB), a Layer-2 scaling network, which experienced a 14.97% in the last seven days, currently exchanging hands at $0.5273. This rise highlights increased interest in L2 scaling solutions for efficient token swaps across decentralized networks, advancing Arbitrum’s status as a prominent participant in the DeFi landscape.
Other Top Assets with Weekly Gains: Why This Data Is Important
Other top-performing assets of the week (as highlighted in the data) include Pump.fun, Chainlink, Lido DAO, Raydium, and KuCoin Token.
Pump.fun (PUMP)’s 12.64% price surge boosted its price to $0.003528, making it number 6, another great performer in this week’s market. Chainlink (LINK) increased by 12.36% over the past seven days, making its value currently reach $24.62.
While Lido Dao (LDO) registered an 11.82% weekly price increase, Raydium (RAY) is ninth on the list, with an 11.03% rise, cementing its position among this week’s top gainers. Lastly, KuCoin Token (KCS) made it to the tenth place, with a 10.83% price growth noted over the week.
The data (as reported by CMC) captured the top 10 crypto gainers of the week, including OKB, MNT, AERO, ADA, ARB, PUMP, LINK, LDO, RAY, and KCS. Each of these virtual currencies brings its own capabilities and advantages to the market, as indicated by their development and customer interest. Together, they contribute to the dynamic and continued broadening of the virtual currency ecosystem.
