[비즈한국] This column provides a weekly summary of market conditions and trends for the top 100 cryptocurrencies by market capitalization. We offer comprehensive insights into key issues affecting major assets like Bitcoin and Ethereum, as well as the altcoin market and global policy variables. Understand the volatile cryptocurrency market as easily and enjoyably as watching Netflix.
According to CoinMarketCap, a global cryptocurrency market tracking site, Terra Classic took the top spot in the crypto market with a weekly gain of 55.19% from 10:00 on April 23 to 10:00 on April 30. Terra Classic is currently priced at 0.104 KRW, up 10.50% over the last 24 hours. Terra Classic is based on a chain that implements both circulation reduction and network maintenance policies through community-led on-chain burn mechanisms and validator governance.
Humanity Protocol ranked second with a weekly gain of 39.48%. The current price of Humanity Protocol is 269 KRW, up 3.90% over the last 24 hours. Humanity Protocol is a project building decentralized identity verification infrastructure that uses Zero-Knowledge Proofs (ZKP) to prove human identity without exposing personal information.
Stable ranked third with a weekly gain of 26.23%. The current price is 49 KRW, down 9.15% over the last 24 hours. Stable features a structure that combines collateral assets and algorithms to minimize price volatility, while operating its own stable assets and yield-generating DeFi products.
Pudgy Penguins ranked fourth with a weekly gain of 19.12%. The current price is 14 KRW, down 1.35% over the last 24 hours. Based on its NFT character IP, Pudgy Penguins is expanding its brand ecosystem across both physical and digital realms by combining toy and licensing businesses with an on-chain community.
Pi Network took fifth place with a weekly gain of 12.80%. The current price is 282 KRW, down 4.44% over the last 24 hours. Pi Network encourages mining participation through a mobile app and adopts a structure that gradually expands connectivity to the external ecosystem within a KYC-based enclosed mainnet.
Dogecoin is currently trading at 159 KRW, with a weekly gain of 11.85%. Aerodrome Finance is trading at 700 KRW, up 11.83%.
At the same time, Siren is trading at 1,031 KRW, up 9.29%. Algorand recorded a gain of 9.07% and is trading at 165 KRW. Jupiter rose 8.47%, with a current price of 274 KRW.
Terra Classic's price surge was driven by expectations of reduced circulation after a large-scale token burn proposal passed a community vote, further catalyzed by some centralized exchanges resuming participation in the burn program. This led to a short-term spike in trading volume and price, with industry experts analyzing that "once the actual supply reduction is confirmed in figures, the structure becomes prone to short-term speculative demand."
Humanity Protocol saw growing expectations for real-world usage following news of a digital identity pilot collaboration with a global tech firm. The market quickly reflected demand in line with the trend of tightening personal data protection regulations, and experts explained that "ZKP-based identity verification is a field in Web3 infrastructure highly likely to benefit from policy support."
Stable experienced an influx of short-term capital following announcements of new yield-generating pools and an overhaul of its deposit reward structure. This led to increased buying pressure from DeFi investors, with industry observers noting that "the change in reward structure exacerbated price volatility during a period of intensifying competition for interest-bearing products."
The top 10 tokens this week all responded to concrete events such as "token structure changes, real-world partnerships, and reward system updates." Analysis suggests that the market continues to favor trends where verifiable catalysts, such as on-chain data changes or collaboration announcements, are immediately reflected in prices rather than simple expectations.
※ This article was co-written by Bizhankook and MetaVX's generative AI.