Over the past week, many popular cryptocurrencies, including Dogecoin and Cardano, have shown substantial growth. However, analysts warn that not all cryptocurrencies may follow this trend.
Selective Gains in the Crypto Market
The last 24 hours have seen a 0.1% rise in the crypto market. Bitcoin grew by 1.6%, and Ethereum by 3.3%. The meme coin market reported growth of 1.3%, while the AI token market saw a 0.4% increase. Not all cryptocurrencies are growing at the same pace. For instance, BNB and XRP saw modest changes of 3.9% and 6.1% respectively, while cryptocurrencies like Dogecoin and Cardano showed substantial increases of over 24%.
The Role of Data and Fundamentals
The report suggests that analyzing data, narratives, fundamentals, and technicals can help identify cryptocurrencies with high growth potential.
Top Performers of the Week
Raydium emerged as the top performer of the week with a 60.1% rise, followed by Neiro with 55.7% and Cronos with 42.6%. Among the top ten cryptocurrencies, Dogecoin leads with a 24.9% increase, followed by Cardano with 24.8% and Solana with 22.3%.
With the overall rise in the crypto market, focusing on top performers can help investors maximize potential returns.
