Top Crypto Gainers of the Week: Which Coins are Leading the Surge?
Each week, we take a closer look at the top-performing cryptocurrencies that have made significant gains, highlighting the tokens leading the charge in the ever-changing digital asset market.
Mega Cap (Market Cap >US$10 Billion)
Dogecoin (DOGE) – $0.29, Up ~92.47% in the last 7 days
Dogecoin (DOGE) is crypto’s most recognizable and popular memecoin, which derives its name from 2013’s Shiba Inu meme. It was originally conceived by developer Jackson Palmer as satire, mocking the sudden emergence of often low-quality blockchain projects littering the ecosystem five years ago. It is often said to be the original memecoin.
Memecoin projects take their inspiration from memes – the cultural ‘inside’ jokes that are instantly recognizable to their targeted communities. These meme coins base their marketing and communications around memes to take advantage of their immediate relatability – with meme culture ensuring there is a ready-made marketing strategy and audience to connect with.
It continues to enjoy price momentum because of a view that it will have some connection to Elon Musk’s planned Department of Government Efficiency (D.O.G.E). Musk has been a key figure during the Trump campaign and is a noted Dogecoin fan, there is an expectation that he will help the asset get further mainstream exposure through his Trump connection.
Large Cap (Market Cap between US$1.5billion – US$10 billion)
Cronos (CRO)– US$0.14, Up ~91.42% in the last 7 days
Crypto.com is a payment and cryptocurrency platform that empowers users to buy, sell, and pay with crypto. Its offering encompasses a digital asset exchange, a point-of-sale VISA card, payment services, borrowing and lending solutions, and a smart contract platform blockchain.
CRO coin is Crypto.com’s native token and CRO holders receive perks when using these products and services. They pay discounted trading fees when using the exchange, they earn more when they lend, and CRO-holding Crypto.com cardholders have additional benefits such as higher CRO cashback.CRO also supports Crypto.com’s EVM-compatible Crypto.com chain.
A key factor in CRO’s surge this week was Crypto.com’s CEO Kris Marszalek revealing the company’s roadmap for next year. It indicates that the exchange is expanding its crypto offerings, adding stocks, banking, and card services.
Medium Cap (Market Cap between US500 million – US$1.5 billion)
Raydium (RAY) – US$5.61, up ~63.80% in the last 7 days
RAY is the native token of Raydium, an automated market maker and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). This connection separates Raydium from other AMMs because any Liquidity Provider (LP) funds deposited into become limit orders that sit on Serum’s order books.
The sudden surge in the price of blue chip DeFi projects suggests that this sector is being repriced because of the potential for a much more friendly American regulatory environment. Other blue-chip DeFi tokens like Maker (MKR), Uniswap (UNI), and Lido DAO (LDO) also did well.
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