[비즈한국] We summarize and deliver the market status and trends of major cryptocurrencies within the top 100 by market cap for the week. We provide comprehensive core information, including major assets like Bitcoin and Ethereum, key issues in the altcoin market, and global policy variables. You can understand the volatile cryptocurrency market as easily and interestingly as watching Netflix.
According to CoinMarketCap, a global virtual asset market tracking site, Toncoin ranked first in the cryptocurrency market with a weekly gain of 98.04% from 7:00 AM on May 1 to 7:00 AM on May 8. Toncoin's current price is 3,810 KRW, having risen 7.98% over the past 24 hours. Toncoin is a blockchain designed to allow remittances and payments to be processed directly through wallets and mini-apps within Telegram, and is characterized by a structure that converts the messenger's user base into a real-use network.
SKYAI rose to second place with a weekly gain of 66.14%. SKYAI's current price is 831 KRW, down 21.45% over the past 24 hours. SKYAI is an infrastructure token designed to perform AI model training and inference by connecting decentralized GPU computing resources, aiming for a structure that distributes the AI computing market via blockchain.
Zcash recorded third place with a weekly gain of 59.37%. Zcash's current price is 809,776 KRW, down 0.82% over the past 24 hours. The key feature of Zcash is its ability to implement fully private transactions selectively, adopting a structure that encrypts both the sender/receiver and transaction amounts through 'shielded addresses'.
Venice Token placed fourth with a weekly gain of 43.50%. Venice Token's current price is 17,719 KRW, down 0.76% over the past 24 hours. Venice Token is used as a means of payment and reward on an AI-based digital content creation and distribution platform, and is characterized by the automation of profit-sharing structures between creators and users via smart contracts.
Dash recorded fifth place with a weekly gain of 43.27%. The current price is 73,107 KRW, down 8.09% over the past 24 hours. Dash is a payment-focused network that provides both fast finality and optional anonymity through 'InstantSend' and 'PrivateSend' features, and is characterized by a governance structure based on masternodes.
Siren rose 39.97% and is trading at 1,370 KRW. Ondo Finance is trading at 510 KRW, up 33.26%.
At the same time, Virtual Protocol is at 1,290 KRW, up 29.40%. Internet Computer recorded a 25.07% increase and is trading at 4,334 KRW. Terra Classic rose 22.55% to 0.132 KRW.
For Toncoin, Telegram's participation as a major validator of the TON network and its announcement of upgrades and fee reductions within 2-3 weeks acted as a direct catalyst for the price surge. Market analysis suggests that expectations for accelerated adoption of Telegram-based Web3 services are reflected, assuming fees are lowered to about one-sixth of the previous level.
SKYAI's price soared as demand for decentralized computing network projects intensified amid highlighted GPU supply shortages from major centralized AI firms. Although volatility expanded after a short-term overheating, experts explained, "There is room for further upside if the AI infrastructure decentralization narrative is combined with actual demand."
For Zcash, increased interest in privacy technology, driven by ongoing discussions on strengthening personal information protection regulations in some countries, acted as a direct trigger for the rise. The market evaluates that "as the regulatory environment tightens, the demand for technology offering selective anonymity may grow alongside it."
This week's market showed a pattern of capital rapidly flocking to issues centered on Telegram's expanded involvement in the TON ecosystem and fee reductions. With AI infrastructure and privacy technology-related assets also seeing a strong rally, analysis suggests that actual usability and network scalability, rather than simple expectations, acted as key variables driving price.
※This article was written by Bizhankook and MetaVX's generative AI.