[비즈한국] This article summarizes the market conditions and trends of the top 100 cryptocurrencies by market capitalization over the past week. It provides comprehensive core information, including major assets like Bitcoin and Ethereum, key issues in the altcoin market, and global policy variables. We make the highly volatile cryptocurrency market as easy and fun to understand as watching Netflix.
According to the global virtual asset market data site CoinMarketCap, Memecore (M) recorded the highest growth in the cryptocurrency market from 7:00 AM on October 17 to 7:00 AM on October 24, with a weekly gain of 14.64%. The current value of Memecore is 3,227 KRW, and its market capitalization stands at 3.3549 trillion KRW.
Memecore is a cryptocurrency created to build a decentralized ecosystem centered on meme culture. Unlike other memecoins, it features a structure where users directly create and distribute meme content and receive rewards based on their contributions. Based on its own Layer 1 blockchain, it supports meme NFT issuance, creator reward pools, and community voting functions, with the core goal of expanding meme culture into a full-fledged economic sphere.
Ethena (ENA) recorded the second-highest gain with a weekly increase of 11.57%. The current price of Ethena is 647 KRW, with a market capitalization of 4.632 trillion KRW. Ethena is a project building blockchain-based decentralized finance (DeFi) infrastructure, centering on the concept of an "Internet Bond" that provides both real-time payments and deposit interest simultaneously. It provides decentralized dollar liquidity centered on USDe, an Ethereum-based stable asset, aiming to be an alternative to centralized stablecoins. ENA, the governance token of the Ethena network, is used for collateral management, profit distribution, and network decision-making.
Pump (PUMP) showed the third-highest gain with a weekly increase of 9.11%. The current price of Pump is 5.42 KRW, with a market capitalization of 1.9178 trillion KRW. Pump is a decentralized platform designed to allow users to directly create and trade memecoins. Based on the Solana blockchain, it allows anyone to easily issue tokens with low fees of around 0.02 SOL. Coins created on the platform are automatically linked to liquidity pools for immediate trading, and once a certain trading volume is achieved, they are listed on major decentralized exchanges. Pump is considered a representative project that has expanded the memecoin ecosystem into a "personal creative financial laboratory."
Zcash (ZEC) recorded a weekly gain of 8.37%, placing fourth in terms of growth. The current price of Zcash is 339,009 KRW, and its market capitalization is 5.5179 trillion KRW. Zcash (ZEC) is a cryptocurrency with a focus on privacy. While it started based on Bitcoin code, it introduced zero-knowledge proof (zk-SNARKs) technology, allowing transactions to be verified without exposing the transacting parties, amounts, or addresses to the outside world. Users can selectively choose between fully public addresses and anonymous addresses, implementing both regulatory compliance and privacy through this dual structure. Thanks to these technical characteristics, it is considered a leading project among privacy coins.
Hyperliquid (HYPE) rose 7.81% over the week, marking the fifth-highest gain. The current price of Hyperliquid is 57,269 KRW, with a significant market capitalization of 19.2819 trillion KRW. Hyperliquid (HYPE) is an on-chain decentralized derivatives exchange that combines a high-speed matching engine with a proprietary liquidity provision mechanism. It aims for transaction speeds comparable to centralized exchanges while minimizing slippage, and it maintains a fully on-chain structure where users manage their own assets directly from their wallets. The HYPE token is used for platform fee payments, liquidity provider rewards, and governance participation; it was listed on Robinhood in the U.S. on the 23rd, a move seen as increasing its accessibility to the institutional market.
During the same period, Floki (FLOKI) rose 7.75%, showing notable performance in the weekly market. Monero (XMR) increased by 7.01%, and Morpho (MORPHO) recorded a gain of 5.76%. XDC Network (XDC) rose 5.24%, and World Liberty Financial token (WLFI) showed a growth of 4.23%.
Since the last major crash, the bellwether cryptocurrency, Bitcoin (BTC), appears unable to shake off the shock. Excluding a few items such as Tron (TRX), many of the top 100 cryptocurrencies by market capitalization managed to flip their daily charts to green, but they failed to show gains strong enough to significantly turn the trend. While most assets are trending toward a weekly positive conversion, it is difficult to prematurely judge the overall market atmosphere, including whether Bitcoin will recover.
※ This article was written by Bizhankook and MetaVX’s generative AI.