[비즈한국] We summarize and deliver the market conditions and trends for major cryptocurrency assets ranked within the top 300 by market capitalization over the past week. We provide key information covering major assets like Bitcoin and Ethereum, as well as significant issues in the altcoin market and global policy variables. You can understand the highly volatile cryptocurrency market as easily and entertainingly as watching Netflix.
According to CoinMarketCap, a global cryptocurrency market tracking site, the asset that recorded the highest gain in the cryptocurrency market from 7:00 AM on August 29 to 7:00 AM on September 5 was Memecore (M). Memecore saw a weekly gain of 249.87%, with its current price at 2,009 KRW. It has a market capitalization of 2.0893 trillion KRW, and its 24-hour trading volume reached 77.64032 billion KRW. Memecore's sharp rise is speculated to have been influenced by a specific event or community activity.
The second-highest gainer was Pump (PUMP), which rose 33.86% over the week. The current price is 6.01 KRW, and the market capitalization is 2.1271 trillion KRW. The 24-hour trading volume reached 594.53622 billion KRW, suggesting the possibility of specific technical improvements or partnerships being announced.
In third place, Story (IP) ranked with a 28.57% gain. The current price of Story is 11,047 KRW, and its market capitalization is 3.3646 trillion KRW. The 24-hour trading volume is 190.95336 billion KRW. Story is a blockchain project related to content, a field that has been receiving attention recently.
The fourth-highest gainer was Sky Protocol (SKY), which rose 14.41% for the week. The current price is 102 KRW, and the market capitalization is 2.3958 trillion KRW. Sky Protocol is a blockchain-based data transfer protocol, and it is possible that there has been progress on the project recently.
Fifth on the list is Polygon (POL), which rose 13.76%. The current price of Polygon is 389 KRW, and its market capitalization is 4.0852 trillion KRW. Polygon is a project that provides solutions to resolve Ethereum's scalability issues, and it is undergoing continuous technical improvements.
At the same time, KuCoin Token (KCS) rose 8.86%, and its current price is 20,668 KRW. Bitcoin Cash (BCH) rose 6.67% to record a price of 821,906 KRW. OKX Token (OKB) and Bitget Token (BGB) rose 5.86% and 5.51%, respectively. Finally, Pax Gold (PAXG) rose 3.92% and is trading at 4,952,803 KRW.
This week, the cryptocurrency market saw various assets trending upward along with the surge of Memecore. Memecore has gained attention for its unique system that rewards users who create and spread memes. Pump is also a meme coin launchpad that allows any user to issue their own meme coin (token), and it consistently buys back circulating PUMP supply with its fee revenue. Attention is focused on whether this is a prelude to a meme coin rally or the start of a crash after reaching a peak.
※ This article was written by BizHankook and MetaVX's generative AI.