[비즈한국] This report summarizes the market performance and trends of the top 100 cryptocurrencies over the past week. We provide comprehensive core information, including major assets like Bitcoin and Ethereum, key altcoin market issues, and global policy variables. We make the highly volatile cryptocurrency market easy and fun to understand, just like watching Netflix.
According to CoinMarketCap, a global virtual asset market tracking site, DXY recorded the highest weekly gain of 47.10% between 10:00 AM on March 13 and 10:00 AM on March 20. DXY's current price is 9,239 KRW, up 9.10% over the last 24 hours. DXY is a community-driven governance protocol, characterized by its structure that allows network members to directly participate in decision-making and automates the project's profit distribution.
River rose 31.31% over the week to take second place. River's current price is 36,507 KRW, down 8.48% in the last 24 hours. River develops infrastructure to tokenize real-world assets (such as real estate and raw materials) into blockchain-based financial products, thereby leading the transition of traditional financial assets to the blockchain.
Bittensor showed a weekly gain of 25.69%. Bittensor's current price is 413,771 KRW, up 2.12% in the last 24 hours. Bittensor is an open-source network that rewards participants for training and contributing to artificial intelligence (AI) models with tokens, focusing on building a global AI data incentive market.
MemeCore rose 24.05% for the week. MemeCore's current price is 2,716 KRW, down 4.48% in the last 24 hours. MemeCore is a Web3 platform project that provides direct rewards to users for participating in content production and sharing within meme-focused creator communities.
Kaspa rose 22.47% over the week. Kaspa's current price is 56 KRW, down 4.16% in the last 24 hours. Kaspa is a next-generation Layer 1 network that adopts a 'BlockDAG' structure capable of parallel block generation, significantly increasing transaction speed and processing efficiency.
Conflux rose 20.37% over the week and is trading at 97 KRW. Fetch is trading at 322 KRW, up 16.94%.
At the same time, Quant rose 16.64% to 111,680 KRW. TrumpCoin recorded a gain of 13.87% and is trading at 5,001 KRW. Sun rose 11.15% to 26 KRW.
DXY's rise was driven by investor sentiment following the passing of a DAO upgrade and the announcement that token staking interest rates would be doubled. With the model for decentralized governance being seen as practical, analysts suggested it is "becoming a successful case of a new participatory reward structure."
The upward trend for River was directly triggered by the unveiling of a pilot project for 'River Token-based RWA (Real World Asset)' in collaboration with Coinbase. As it aligns with the trend of transitioning traditional assets to blockchain networks, experts assessed that "River has established itself as a platform-type player in the next-generation RWA market."
For Bittensor, the main catalyst for the recent rise amid a broader rally in the AI coin sector was the announcement of a data cooperation agreement between its foundation and Microsoft Azure. As demand for distributed data processing for AI model training increases, demand for network tokens has grown, leading the market to analyze that "the convergence of AI and blockchain is leading to tangible industrial value."
This week's market can be summarized as a 'technology-based altcoin rally' where themes of AI, RWA (real-world asset tokenization), and governance simultaneously stood out. With major coins moving sideways, projects with clear narratives have emerged to the forefront, and experts diagnosed that "narrative-driven capital rotation is likely to continue for the time being."
※ This article was co-written by Bizhankook and MetaVX's generative AI.