After a week of bullish trend in the altcoin sector, a number of tokens native to various blockchain networks delivered impressive gains in the last seven days, particularly those in the Ethereum ecosystem, BNB Chain, and Arbitrum.
Ethereum Ecosystem Sees Strong Gains with VRA and MOG Leading the Altcoin Market
The Ethereum-based tokens were in the spotlight this week, with five coins recording a surge in their value. VRA (Verasity) is the best performer in this group, increasing by 71.10% and having a market capitalization of $33.3 million.
Just behind it, MOG shot up 48.30% and a new market cap valuation of $354.6M, showing increased demand in the Ethereum memecoin market. Other ethers like SERV went up 38.30%, SYRUP 36.80%, and STPT 33.00% in the same one-week period. As Ethereum continues to hold a popularity standing in smart contracts, these tokens can be counted as early movers of the upcoming bullish run.
BNB Chain Ecosystem Rockets as AIOT and BANK Record Double-Digit Rallies
BNB Chain experienced increased activity this week, with AIOT being on the roll, gaining 96.50%, making its market cap value $13.8 million. It may have been driven by the increasing interest shown by investors in artificial intelligence and IoT in incorporating it into BNB Chain. BANK also emerged 53.40% weekly high that boosted its capitalization to $24.1 million.
The other movers on the BNB included PAW with a double-digit gain of 47.90%, AITECH with 37.60%, and PROS with a 29.90% spike. These projects might benefit from Binance, which has been growing its ecosystem and integrating more utility into its native tokens.
Arbitrum’s KIMA Steals the Spotlight with 117.60% Weekly Gain
In Layer 2 scaling solutions, Arbitrum was the most active, primarily due to KIMA, which increased by 117.60% within a week, reaching $5.5 million in market cap.
Arbitrum also posted gains of 47.90% in PAW, 28.90% in MOZ, 26.50% in EGP, and 22.90% in SQD. Due to high Ethereum gas fees, Layer 2 solutions such as Arbitrum are gaining popularity among developers and users, and tokens in this segment have a good opportunity to rise.
Polygon Sees Moderate Growth with PAW and BAL Leading the Pack
On the weekly scale, Polygon had a relatively muted week compared to Ethereum and Arbitrum but remained in the green. The standout here was again PAW, which reoccurred across various ecosystems and rose by 47.90% on Polygon.
Others include BAL, which grew by 13.40%; BCUT, 12.10%; REQ, 11.20%; and AAVE, which was up by 10.20%. Hence, the revival’s bulls remain robust with institutional DeFi actors and blue-chip protocols enhancing resilience in the Polygon ecosystem’s nominally more moderate growth patterns.
Optimism Sees Slower Growth but Shows Stable Support
Although there were not very high fluctuations in the Optimism ecosystem this week, everything is still in the green zone. PNP was at the forefront with a market share growth of 13.70%; this was followed by BAL at 13.40% and AAVE at 10.20%.
Other gainers were WCT, which has gained 4.65%, and BEETS, up 4.00%. It is not as hyped as Arbitrum or BNB Chain this week, which is something that could pose as a slow and consistent burner rather than one that offers quick fluctuations.
Final Altcoin Market Review
The present week’s altcoin data is indicative of slowly mounting positivity across altcoin spaces, especially within the Ethereum, BNB Chain, and Arbitrum environments. While Bitcoin remains in the hold near the important levels, altcoins are longing for higher profit rates among the investors.
from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/jtXN2bU
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