Over the past week, the cryptocurrency market has shown significant growth, with Bitcoin surpassing the $90K mark. This reflects in the capitalization and trading volume, standing at $2.92T and $226.41B, respectively, as of writing. The Fear and Greed Index reads 72, indicating potential greed in the market. Let's delve into the major gainers of this week.
Market Overview
The cryptocurrency market is on a growth wave. The weekly market cap reached $2.92T, with a trading volume of $226.41B. The Fear and Greed Index shows a score of 72, suggesting greed among market participants.
Top Gainers of the Week
Among the top gainers is Peanut the Squirrel (PNUT), a meme coin on the Solana blockchain. While the coin received significant attention last week, it experienced a slight dip. Nevertheless, its market cap hit 1,786,425,190 with a 24-hour trading volume of 3,281,698.
Dynamics of Meme Coins
Another successful meme coin is Pepe (PEPE), which doubled in price after the Bitcoin rally. With a market cap of $10B, the coin made it into the top 15 cryptocurrencies after its Coinbase listing.
The cryptocurrency market continues to show active growth, with meme coins like PNUT and PEPE becoming its main highlights. Bitcoin's rise has sparked interest in alternative assets, creating additional opportunities for investors and traders.
