[비즈한국] We provide a summary of the weekly market conditions and trends for the top 100 cryptocurrencies by market capitalization. We offer essential insights covering major assets like Bitcoin and Ethereum, key issues in the altcoin market, and global policy variables. We make understanding the highly volatile cryptocurrency market as easy and entertaining as watching Netflix.
According to CoinMarketCap, a global cryptocurrency market tracking site, Uniswap (UNI) captured attention by ranking first in weekly gains in the cryptocurrency market from 7:00 AM on November 7 to 7:00 AM on November 14. Uniswap rose by 42.52% to 11,087 won, with a market capitalization reaching 6.9888 trillion won. Uniswap is a decentralized exchange (DEX) that helps users manage their own trades through an Automated Market Maker (AMM) function.
AB took second place. The AB token rose 41.52% to 11 won, with a market capitalization of 956.62995 billion won. Its recent trading volume is 45.17426 billion won, which is a 15.25% increase based on 24-hour trading volume. Although the name AB may sound unfamiliar, it is the result of the Newton project rebranding last February, serving as a blockchain network focused on bridging the gap between digital and real-world assets. It is one of the assets gaining rapid attention in the market.
Starknet (STRK) ranked third. Starknet rose 37.37% to 208 won, with a market capitalization of 952.97016 billion won. Starknet has shown a stable market trend, rising 0.72% over the last 24 hours. Starknet is a Layer 2 solution based on the Ethereum network, focused on improving scalability and transaction speeds.
SOON ranked fourth, rising 36.03% to 3,027 won. Its market capitalization is 894.51656 billion won, and it fell 3.72% over the last 24 hours. SOON provides an innovative platform utilizing blockchain technology and is gaining attention as a project that supports various decentralized applications (dApps).
Fetch.ai (FET) took fifth place. It rose 23.73% to 412 won, with a market capitalization of 973.01655 billion won. It entered a correction phase after a surge, falling 11.39% over the last 24 hours. Fetch.ai is a project building an AI-based decentralized economic system, emphasizing connectivity with the Internet of Things (IoT).
At the same time, World Liberty Financial (WLFI) rose 22.28% to trade at 207 won, and Morpho (MORPHO) rose 18.20% to trade at 2,955 won. Near Protocol (NEAR) rose 16.50% to trade at 3,538 won. Filecoin (FIL) and Render Token (RENDER) rose 12.13% and 11.78%, respectively, trading at 2,968 won and 3,219 won.
This week, the cryptocurrency market saw various assets show strength, led by Uniswap. In particular, decentralized exchanges, Layer 2 solutions, and AI-based projects are garnering attention, suggesting new directions for the cryptocurrency market.
※ This article was written by Bizhankook and MetaVX's generative AI.