
BONK, INJ, OSMO, IMX and AVAX are the 5 cryptocurrencies in the Top 100 of the crypto industry that grew the most in the last 7 days.
The cryptocurrency market cap grew by almost 1% over the past week, adding nearly $200.000 billion to its overall value. Although the price of Bitcoin has recovered from the correction seen earlier this week and is trading above $43.000 per unit, part of the growth that the crypto market has experienced has been driven by altcoins.
Bitcoin alternative cryptocurrencies, or altcoins, are showing weekly growth of up to 88%, with Bonk (BONK), Injective (INJ), Osmosis (OSMO), Immutable (IMX) and Avalanche (AVAX) being the fastest growing in the Top 100.
According to data from cryptocurrency price monitoring platform CoinMarketCap, the prices of AVAX, IMX, OSMO, INJ, and BONK have increased by between 46,1% and 88,9% over the past 7 days.
Source: CoinMarketCap
Other cryptocurrencies with a market cap below $1.000 billion have also seen significant growth, including Woo Network (WOO), Beam (BEAM), and Aelf (ELF), according to the platform’s data. BitTorrent (BTT) and Celestia (TIA), one of the most popular crypto projects today, also reflect a substantial price increase this week, growing by 64,6% and 41,7%, respectively, at the time of writing.
BONK emerges as the biggest winner in the crypto market
Bonk (BONK), the first memecoin developed on the Solana network and the memecoin of the moment, is the fastest-growing cryptocurrency in the Top 100. The price of BONK hit a new all-time high on December 14, having increased by 41% in just a few hours. Its current price is $0,00001932 USD.
In the past month, the price of BONK has grown by more than 800%, while the increase experienced by this cryptocurrency so far this year exceeds 17.500%.
Source: CoinMarketCap
As reported by Bit2Me News earlier this week, BONK has been experiencing a strong rally, driven by several factors; including its listing on several exchange platforms, the announced collaboration with Degen Ape Academy (DAA), and its active community of developers and users, who continue to improve the project to foster its growth and expansion in the crypto industry.
The narrative of an Altseason gains strength
The exponential gains that the main altcoins on the market continue to record are raising several debates about the arrival of the next altseason.
Analysts are watching Bitcoin alternative cryptocurrencies lead the current bullish market rally, leading many to wonder if a new altcoin season has arrived. Last month, Michaël van de Poppe, founder and CEO of MN Trading, noted that altcoins have begun to wake up and that an altseason is near. Meanwhile, analysts are looking at Bitcoin alternative cryptocurrencies leading the current bullish market rally, leading many to wonder if a new altcoin season has arrived. data Blockchain Center analysts point out that altcoin season has not yet arrived and that only about 26 of these cryptocurrencies have outperformed Bitcoin in performance over the past 90 days.
Continue reading: Altseason: What is altcoin season?
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