[비즈한국] We summarize and report on the market conditions and trends for major cryptocurrencies within the top 300 by market capitalization over the past week. We provide core information, ranging from major assets like Bitcoin and Ethereum to key issues in the altcoin market and global policy variables. You can understand the highly volatile cryptocurrency market as easily and enjoyably as watching Netflix.
According to CoinMarketCap, a global crypto market data provider, Ethena (ENA) recorded the highest growth rate in the cryptocurrency market from 10:00 AM on July 25 to 10:00 AM on August 1. Ethena attracted market attention by rising 21.24% to a price of 800 KRW. Its market capitalization stands at 5.0845 trillion KRW, with a trading volume reaching 2.1155 trillion KRW. This asset has recently shown a rapid upward trend, drawing interest from investors.
Following Ethena, Conflux (CFX) took second place with a 20.44% increase to a price of 293 KRW. Its market capitalization is 1.5003 trillion KRW, with a daily trading volume of 452.15812 billion KRW. Conflux is a Chinese Layer 1 blockchain, and it appears that the mainnet upgrade along with plans to issue a yuan-pegged stablecoin acted as positive factors.
Third place went to XDC Network (XDC), which rose 17.03% to a price of 136 KRW. Its market capitalization is 2.2084 trillion KRW, and its trading volume is 85.01917 billion KRW. XDC Network is a platform providing blockchain-based financial solutions and has recently garnered significant attention by launching a project to tokenize real-world assets, such as $1 billion worth of Brazilian agricultural bonds.
Story (IP) rose 16.82% to a price of 8,332 KRW. Its market capitalization is 2.4592 trillion KRW, and its trading volume is 177.69184 billion KRW. Story is a blockchain platform targeting the digital content industry, focusing on strengthening connections between content creators and consumers.
Toncoin (TON) placed fifth with a 12.08% rise to a price of 4,866 KRW. Its market capitalization is 11.7574 trillion KRW, and its trading volume is 768.25088 billion KRW. Developed by Telegram, Toncoin is utilized within the messenger platform, and its user base is gradually increasing as various Telegram-based altcoin projects are launched.
At the same time, FORM (FORM) is drawing attention with a 10.16% increase to a price of 5,303 KRW. Its market capitalization is 2.0251 trillion KRW, and its trading volume is 37.85493 billion KRW. Cronos (CRO) rose 9.01% to a price of 192 KRW. Its market capitalization is 6.216 trillion KRW, and its trading volume is 59.75547 billion KRW.
Bitcoin Cash (BCH) rose 7.99% to a price of 775,993 KRW. Its market capitalization is 15.4462 trillion KRW, and its trading volume is 715.82512 billion KRW. Tron (TRX) rose 3.18% to a price of 452 KRW, with a market capitalization of 42.8437 trillion KRW.
Hedera (HBAR) rose 3.12% to a price of 342 KRW. Its market capitalization is 14.5133 trillion KRW, and its trading volume is 967.0042 billion KRW.
In the cryptocurrency market this week, Ethena received the most attention with a gain of 21.24%. Conflux and XDC Network followed, recording gains of 20.44% and 17.03%, respectively. Investors need to carefully monitor volatility resulting from project-related news or issues and respond to market trends accordingly.
※ This article was written by BizHankook and MetaVX's generative AI.