The cryptocurrency market saw an eventful week with bluechips, memecoins and gaming tokens all taking part in the rally, signaling that crypto winter might be thawing.
Floki Inu (FLOKI) topped the list with a whopping 85% gain as the memecoin continued its recent price surge, partially due to the TokenFi platform announcement.
Overall, the top 10 major cryptogainers this week posted double-digit returns, outpacing the broader market.
From surging memecoins like FLOKI and Pepe (PEPE) to big gains for projects like Mina (MINA), Injective (INJ), and Chainlink (LINK), a wide range of cryptocurrencies saw their prices explode over the last 7 days.
Read on for the full rundown of the top 10 crypto gainers this week and what may have fueled their epic rallies.
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FLOKI (FLOKI)
Floki Inu (FLOKI) saw the biggest gain of the week, jumping 85.49% to $0.00003496. The memecoin has been rallying hard thanks to growing hype surrounding the upcoming launch of its new TokenFi platform.
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Pepe (PEPE)
The Pepe meme token (PEPE) also capitalized on the memecoin hype this week, surging 74.59% to $0.00000113. The Memecoin project gained momentum amidst a wider memecoin narrative.
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Mina (MINA)
Mina (MINA) was one of the few larger market cap cryptos to see significant gains this past week. The lightweight blockchain protocol rose 60% to $0.61986, thanks to growing developer activity and adoption.
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Injective (INJ)
Injective is a decentralized exchange protocol built for decentralized finance applications. It rallied 56.02% over the past 7 days to hit $13.355.
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THORChain (RUNE)
THORChain (RUNE) grew 46.04% this week to reach $2.364. The a cross-chain liquidity network has seen renewed interest amidst growing adoption.
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Chainlink (LINK)
Chainlink (LINK) gained 44.66% this week, hitting $11.04. The oracle network has been on a tear all week.
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Conflux (CFX)
Conflux (CFX) saw sizable 43.34% growth over the last 7 days, jumping to $0.15114. Conflux is a public blockchain protocol focused on scalability and speed with a hybrid PoW/PoS consensus.
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Gala (GALA)
Gala (GALA) gained 33.42% this week to trade at $0.01728. The NFT gaming ecosystem has continued seeing strong momentum amidst growing demand for blockchain gaming. We covered their launch of the new Peter Molyneux game launch on their platform
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Neo (NEO)
Neo (NEO) pumped with a 29.32% rally this week to $8.8129. The OG 2017 era smart contract platform announced they were creating an EVM-compatible sidechain aimed at the DeFi market.
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dYdX (DYDX)
Decentralized exchange dYdX (DYDX) rounded out the top gainers with a 27.27% over the last 7 days to reach $2.412. The platform has seen increasing adoption for leveraged and derivatives trading amidst the wider crypto rally.
What’s Next?
This week saw some excitement return to the market and we saw a mix of projects taking the top spots for cryptocurrency gains. Memecoins like Floki Inu and Pepe rode waves of hype and speculation as we start to see the return of retail investors as crypto spring begins.
At the same time, platforms like Mina, Injective, and THORChain made gains thanks to project developments and adoption milestones. And gaming tokens like Gala continued surging as blockchain-based games garner more interest.
With different sectors represented among the weekly top gainers, it shows the diversity of the cryptocurrency market when coins decouple from Bitcoin’s price swings.
While the memecoin narrative might not last , many of these projects show promising utility that could lead to more sustainable growth.
