The bullish outlook of the cryptocurrency market has resulted in phenomenal gains for a lot of tokens during the past week. Here are some of the top gainers of the week:
2Shares (2SHARES) is the top gainer in our list as the cryptocurrency has surged upwards by a staggering 451% during the week while the daily performance also shows the uptrend to be sustaining, with a gain of more than 20%. The project recently crossed $230 million in total value locked (TVL) which suggests a steep growth trajectory.
CryptoCars (CCAR) is another top performer that increased by 321% during the week. The past week shows a steady uptrend; however, the daily price movements indicate that the uptrend has been broken and the token lost 7% of its value. CryptoCars is based on the famous animated movie, Cars, and provides digital assets based on its theme.
Classic Doge (XDOGE) has surged upwards by 277% during the week. The cryptocurrency takes after the famous meme coin, Dogecoin and its recent surge can be attributed to the rise of meme coins as well as the token’s nature as a metaverse token. The uptrend has continued during the day as well and XDOGE has increased by 36% with a price level of $0.00066.
Defrost Finance (MELT) is another top performer with a gain of 193% during the week. The cryptocurrency appears to be under consolidation currently and the price has moved to become relatively stable. The upcoming days will make it clear whether the token is going to break out upwards or downwards.
Rise of Defenders (RDR) is a blockchain-based game equipped with advanced role-play. The token is our final gainer of the week with an increase of 176%. The cryptocurrency had been on a steep uptrend during the weekly timeframe although the uptrend was broken off as the RDR token was hit by market corrections. However, the current price movements suggest a revival of the uptrend as the token has increased by 60% during the day.
