[비즈한국] We summarize and deliver the major market conditions and trends of the top 300 cryptocurrencies by market capitalization over the past week. We provide comprehensive key information, ranging from major assets like Bitcoin and Ethereum to significant issues in the altcoin market and global policy variables. You can understand the volatile cryptocurrency market as easily and enjoyably as watching Netflix.
According to the global virtual asset market tracking site CoinMarketCap, OKX Token (OKB) took first place in weekly gains with a 135.56% increase in the cryptocurrency market from 07:00 on August 15 to 07:00 on August 22. The price of OKX Token is 308,005 KRW, and its market capitalization reaches 6.4681 trillion KRW. The trading volume stands at 2.4731 trillion KRW, reflecting high market interest.
Morpho (MORPHO) followed in second place with a 16.95% weekly gain. The price of Morpho is 3,289 KRW, with a market capitalization of 1.0784 trillion KRW. Its 24-hour trading volume reached 97.13173 billion KRW. Morpho is gaining attention in the market as it strengthens its role as a trading platform.
Mantle (MNT) rose 13.23% to secure third place in weekly gains. The current price of Mantle is 1,740 KRW, and its market capitalization is 5.8573 trillion KRW. The 24-hour trading volume was recorded at 732.91195 billion KRW. Mantle is developing various services based on blockchain technology.
Chainlink (LINK) increased by 12.51% to take fourth place. The price of Chainlink is 34,845 KRW, and its market capitalization is 23.6289 trillion KRW. It recorded a high trading volume of 3.0634 trillion KRW over 24 hours.
Monero (XMR) rose 8.75% to place fifth. The price of Monero is 368,534 KRW, with a market capitalization of 6.7982 trillion KRW. As a cryptocurrency that emphasizes anonymity, Monero is garnering attention for its privacy protection features.
During the same period, Sonic SVM (S) rose by 7.06%. GateToken (GT) increased by 3.91%, and Story (IP) rose by 3.80%. LEO (LEO) gained 2.84%, and Bitget Token (BGB) rose by 2.29%.
This week, OKX Token drew significant market attention with its large gains. OKX Token recently burned approximately 65 million OKB, reducing its fixed supply to 21 million tokens, the same as the total supply of Bitcoin. While various cryptocurrencies from meme coins like Bonk (BONK) to major market-cap assets like Tron (TRX) or BNB (BNB) have adopted burn strategies, OKX stands out by aligning its coin count with Bitcoin (BTC), the synonymous name for cryptocurrency.
Experts advised, "The market reacts much more strongly to the news that a coin will be burned than to the actual act of burning," adding, "Caution is necessary as investors could suffer significant losses contrary to expectations on the scheduled burn date."
※ This article was written by BizHankook and MetaVX's generative AI.