[비즈한국] We provide a weekly summary of the market conditions and trends for the top 100 cryptocurrencies by market capitalization. We offer essential information, covering not only major coins like Bitcoin and Ethereum but also key issues in the altcoin market and global policy variables. We make the volatile cryptocurrency market as easy and fun to understand as watching Netflix.
According to CoinMarketCap, a global crypto market tracking site, MYX Finance (MYX) recorded the highest weekly gain in the cryptocurrency market from 7:00 AM on November 28 to 7:00 AM on December 5. MYX Finance rose by 27.09% and is currently trading at 4,821 won. Its market capitalization stands at 1.0659 trillion won, with a 24-hour trading volume of 60.038 billion won. MYX Finance is a platform that supports derivative trading, such as perpetual futures contracts, in a decentralized manner. It aims for high liquidity and efficient capital utilization, focusing on providing a safe and transparent trading environment for users.
Following this, Telcoin (TEL) took second place with a 14.95% gain. Its current price is 8.44 won, and its market capitalization is 767.7766 billion won. Telcoin is a project aimed at integrating global telecommunications with financial services, and it is highly regarded for its potential, particularly in developing markets.
Sky Protocol (SKY) ranked third with a gain of 13.56%. The current price is 82 won, and its market capitalization is 1.9012 trillion won. Sky Protocol is a decentralized cloud computing platform that seeks to enhance the transparency of data storage and processing by utilizing blockchain technology.
Quant (QNT) recorded a 11.07% rise, placing it in fourth. Its current price is 136,483 won, and its market capitalization is 1.6477 trillion won. Quant provides technology to improve interoperability between blockchains and is expanding its utility across various sectors.
Bitcoin Cash (BCH) ranked fifth with a 7.61% increase. Its current price is 849,814 won, and its market capitalization is 16.9642 trillion won. As a cryptocurrency born from a Bitcoin hard fork, Bitcoin Cash focuses on solving transaction speed and fee issues.
At the same time, Chainlink (LINK) rose by 5.58% and is trading at 20,917 won, with a market capitalization of 14.5761 trillion won. Pump.fun (PUMP) rose by 5.56% to trade at 4.59 won, with a market capitalization of 1.6265 trillion won. Sui (SUI) rose by 5.42% to trade at 2,430 won, with a market capitalization of 9.0832 trillion won. Ethereum (ETH) increased by 2.91% to trade at 4,605,287 won, with a market capitalization of 555.8371 trillion won. Memecore (M) rose by 2.41% to trade at 1,958 won, with a market capitalization of 2.0354 trillion won.
The cryptocurrency market this week showed active movement with various assets recording solid gains, alongside the notable surge of MYX Finance. Specifically, it is analyzed that the anticipation among investors regarding a potential Binance listing, combined with the project maintaining momentum despite an unstable market ahead of the upcoming launch of MYX Finance V2, significantly influenced its price.
The strength of Telcoin was driven by the decisive news that it had secured final approval to establish a digital asset bank from the State of Nebraska, USA. As the first regulated digital asset bank in the United States, expectations that it will serve as a bridge between traditional finance and blockchain through the future launch of its bank-issued stablecoin, eUSD, have concentrated and pushed its price upward.
※ This article was written by BizHankook and MetaVX's generative AI.