[비즈한국] BizHankook summarizes and delivers the market conditions and trends of the cryptocurrency market for the week. We provide comprehensive core information, from major assets like Bitcoin and Ethereum to key issues in the altcoin market and global policy variables. You can understand the volatile cryptocurrency market as easily and interestingly as watching Netflix.
According to CoinMarketCap, a global cryptocurrency market tracking site, the cryptocurrency that recorded the highest growth rate from 10:31 AM on July 5 to 10:31 AM on July 11 was BONK, which saw an increase of 37.28%. BONK is currently priced at 0.0329 KRW, with a market capitalization reaching 2.6571 trillion KRW. With a daily trading volume of 1.4369 trillion KRW, it is currently drawing significant attention from many investors.
FLOKI recorded a weekly growth rate of 26.28%, marking the second-highest increase. The current price of FLOKI is 0.14 KRW, with a market capitalization of 1.3396 trillion KRW. FLOKI, which has a daily trading volume of 268.24429 billion KRW, has been gaining attention for its growth driven by the expansion of community-based projects and strengthened marketing campaigns.
RAY (Raydium) recorded a weekly growth rate of 24.08%, the third-highest. The current price of Raydium is 3,735 KRW, and its market capitalization reaches 1.0017 trillion KRW. Trading is active with a volume of 154.16024 billion KRW. Raydium is seeing increased utility as a decentralized finance (DeFi) platform, with transaction fees serving as its primary source of income.
SPX (SPX6900) recorded a growth rate of 23.85%, ranking fourth. The current price of SPX is 2,257 KRW, with a market capitalization of 2.1018 trillion KRW. The daily trading volume was recorded at 103.48659 billion KRW. XLM (Stellar) ranked fifth with a growth rate of 23.73%. Its current price is 415 KRW, and its market capitalization is 12.8942 trillion KRW. With a trading volume of 876.216 billion KRW, Stellar is a blockchain network characterized by fast transaction speeds and low fees.
XDC (XDC Network) stood out in weekly performance, rising by 21.50%. The current price is 100 KRW. PEPE rose by 21.01%, and STORY (IP) rose by 20.85%. PENGU (Pudgy Penguins) rose by 19.88%, and CRO (Cronos) showed a growth rate of 18.16%. Each asset is strengthening its position in the market through various platforms and services, and this upward trend appears to be a result reflecting the expectations and interest of investors.
The cryptocurrency market this week saw various assets surge significantly, capturing the attention of investors. It is particularly interesting that memecoins like BONK, FLOKI, and SPX6900 took the top three spots in growth rates among assets in the top 300 by market cap. It appears many investors will be watching for some time to see how long the rally in memecoins will continue.
※ This article was co-written by BizHankook and MetaVX’s generative AI.