[비즈한국] We summarize and report on the weekly market conditions and trends for major cryptocurrencies within the top 300 by market capitalization. We provide essential information, including key developments for major assets like Bitcoin and Ethereum, altcoin market highlights, and global policy variables. You can understand the highly volatile cryptocurrency market as easily and enjoyably as watching Netflix.
According to CoinMarketCap, a global cryptocurrency market tracking site, Aster (ASTER) took the top spot for weekly gains with a staggering 579.98% increase between 10:00 AM on September 12 and 10:00 AM on September 19. Aster’s current price is 799 KRW, with a market capitalization of 1.3257 trillion KRW. Aster is a multi-chain decentralized exchange; unlike the typical pattern of dumping immediately after an airdrop, its associated token, ASTER, rose from an initial price of 0.0089 USD to 0.5 USD immediately following its launch.
Immutable (IMX) took second place with a 54.97% rise. Immutable's current price is 1,285 KRW, and its market cap is 2.4933 trillion KRW. As a blockchain gaming and NFT trading platform, Immutable has been receiving positive market evaluations due to several recent partnerships.
Following this, Memecore (M) ranked third with a 32.74% gain. Memecore's price is 3,524 KRW, with a market cap of 3.6641 trillion KRW. Pump (PUMP) secured fourth place with a 30.17% increase. Pump is currently trading at 10 KRW, with a market cap of 3.7825 trillion KRW. Avalanche (AVAX) placed fifth with a 23.32% rise. The current price of Avalanche is 49,695 KRW, and its market cap is 20.9852 trillion KRW.
At the same time, Near Protocol (NEAR) rose by 17.53%. Its current price is 4,494 KRW, with a market cap of 5.6174 trillion KRW. MYX Finance (MYX) rose 17.17% to trade at 19,790 KRW, with a market cap of 3.9008 trillion KRW. Polkadot (DOT) rose 11.41% and is currently trading at 6,609 KRW, with a market cap of 10.6975 trillion KRW. World Liberty Financial (WLFI) rose 10.01%. It is currently trading at 307 KRW with a market cap of 7.5638 trillion KRW. Finally, Mantle (MNT) rose 9.96% and is currently trading at 2,495 KRW, with a market cap of 8.1188 trillion KRW.
Overall, while the cryptocurrency market was highly volatile this week, many assets within the top 300 showed notable upward trends. Specifically, Aster seems to have been bolstered by a supportive tweet from former Binance CEO Changpeng Zhao, which stimulated investor sentiment. All eyes are now on how long this current rally will last amidst various positive developments.
Meanwhile, a broader altcoin rally began after U.S. Federal Reserve Chair Jerome Powell announced a 0.25% interest rate cut at the FOMC (Federal Open Market Committee). Experts warned, “Investors should exercise extreme caution, as buying impulsively because of the altcoin rally may lead to losses if a sudden wave of selling occurs.”
※ This article was written by BizHankook and MetaVX’s generative AI.