Bitcoin and many altcoins have recorded significant gains in recent weeks. Thus, greed dominated the overall cryptocurrency market sentiment. Meanwhile, three altcoins lead the week as the best performers against the other top 100 assets by market cap.
The spotlight is on these 3 altcoins!
cryptokoin.comAs you follow from , hopes have risen again in the cryptocurrency market. The rally initiated by Bitcoin also affected the market. In fact, the meme coin trend, which was thought to be forgotten, has gained new momentum. Frog PEPE has witnessed a remarkable rise. In this process, the spotlight was on 3 altcoins. These are: Mina (MINA), Pepe (PEPE) and Injective (INJ). According to CoinMarketCap’s top gainers index on October 25, they gained 77.51%, 60.46% and 53.97% respectively during the week.
Notably, 24-hour volumes were proportional to the price increase. In this regard, Mina reached a transaction volume of 888.53 million dollars, Pepe 281.53 million dollars and Injective reached 149.79 million dollars on the last day. INJ is ranked 44th on CoinMarketCap. It also has the highest market capitalization among the top 3 gaining tokens of the week. MINA is ranked 60th and is the second largest altcoin. The popular meme coin PEPE ranks 84th by market value.
First ranked altcoin: Mina (MINA)
Mina rose to $0.90 per token on October 24. The altcoin witnessed a spectacular rise of 143% from its trading price of $0.37 a week ago. At the time of writing, MINA stepped back a bit from her pump. In this case, it was changing hands at $0.68 after daily losses.
Popular meme coin Pepe (PEPE) shines again
Meanwhile, meme coin Pepe is trading in the week’s resistance zone at $0.00000103 at the time of writing. As a purely speculative token, PEPE needs to break these high levels to continue growing. However, without a demand stimulus, it is possible for it to return to the downward trend, according to analysts.
Last ranked altcoin: Injective (INJ)
Injective exhibits a similar pattern to PEPE. At the time of writing, INJ was trading in the weekly resistance zone at $12.25. However, INJ showed solid fundamentals. It was also among the top 3 in ChatGPT’s low-cap altcoin pick before the bull run. In this case, if a crypto trader had bought INJ at $9 on the forecast date, they would have made a profit of approximately 36%.
These three altcoins have made extraordinary gains recently. However, it should be noted that the cryptocurrency market is quite volatile. Therefore, it is possible for losses to occur as quickly as gains. Therefore, we recommend that investors do their own research.
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