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Thursday, July 25, 2024
AltcoinsWeekly Market Review MOG KAS AKT AAVE WIF

Weekly Market Review MOG KAS AKT AAVE WIF

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This week has been profitable for several cryptocurrencies, as evidenced by their price movements. The recent filing of the Solana ETF has likely contributed to the market’s renewed enthusiasm.

Mog Coin (MOG) has experienced the most significant price increase this week. At the time of writing, it is trading at $0.000001858, showing a 54% surge from its previous seven-day price. The token’s market cap during this period reached $669 million. This surge can be attributed to its recent listing on the dYdX exchange, which generated investor interest.

Kaspa (KAS) is the second top gainer this week, with a 21.35% increase in its price over the past seven days. It is currently trading at $0.19, with a market cap of $4.58 billion. The token’s price surge is due to the Open Beta launch of KRC-20 announced by the community on June 30th. This integration allows for tokenization with the fast, decentralized, and secure Kaspa network.

Akash Network (AKT) has also seen gains this week, with a 19.5% increase in its price. It is currently trading at $3.62, with a market cap of $876 million. This surge can be attributed to the network’s addition to the FluxEdge marketplace as a direct link, announced on June 26th.

Aave (AAVE) has also experienced a price surge, with a 16.7% increase over the past seven days. It is currently trading at $95.92, with a market cap of $1.4 billion. This surge is a result of the community’s announcement that AIP is now live for the development of Aave 2030, including Aave V4 and the new visual identity.

Dogwifhat (WIF) is another cryptocurrency that has gained value in today’s session. At the time of writing, it is trading at $95.92, with a market cap of $1.4 billion. The price surge can be attributed to recent market activity, specifically the largest holder of $WIF spending $4.65 million in $USDC to purchase $2.3 million worth of $WIF at $2.03 eight hours ago. This holder currently owns 23.39 million $WIF ($49.6 million), with a profit of approximately $83 million on $WIF. This holder also made a trade by spending 86,738.1 $SOL ($8.65 million) to buy 17.22 million $WIF.

Overall, these cryptocurrencies have experienced price surges this week due to various developments and market activities, sparking renewed enthusiasm among investors.

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