The crypto industry is experiencing a change in market dynamics with several projects entering their accumulation phase. As per the data from Phoenix Group, NEAR Protocol, Polygon, and OKB are leading the top crypto projects that are getting into their accumulation phase. The analytics firm disclosed the list of these projects on its official social media account.
NEAR Protocol Leads Prominent Crypto Projects to Enter Accumulation Phase
In Phoenix Group’s list of prominent crypto projects moving toward accumulation phase NEAR Protocol ($NEAR) takes the top position. In this respect, its market capitalization has reached $5.42B in total. Additionally, it has gone through a -9.95% price decline over the past seven days. The 2nd project is Polygon ($POL) with a $3.51B in market capitalization apart from a -8.80% change in price over the week.
Following that, OKB is standing in the 3rd place as its current market capitalization is $3.22B. In addition to this, it has seen a -10.10% weekly decrease in price. Subsequently, the 4th spot is secured by Jupiter ($JUP) which has witnessed a 34.05% rise in its price performance over the week. Simultaneously, its market capitalization is up to $2.02B. Along with that, Bonk ($BONK) has obtained the 5th spot in the list with a market capitalization of nearly $2.01B and a 7-day price change of -9.27%.
Reserve Rights Bottoms List with $719.24M in Market Cap
The list moves on to include Floki ($FLOKI) in the 6th rank with a -9.30% weekly price change and $1.21B in market cap. The 7th project is NEO ($NEO) which has gained a $950.86M in market capitalization whereas its weekly performance shows a -9.30% dip. The next crypto project to enter its accumulation phase is AIOZ Network ($AIOZ) as its market capitalization has touched $893.30M. After that, Axie Infinity ($AXS) occupies the 9th position with a $860.14M in market cap. Reserve Rights comes last in the list with approximately $719.24M in its market capitalization.
