The crypto market has been largely unstable over the last two weeks, with Bitcoin showing more signs of bearishness than ever.
With Bitcoin currently testing support at the $25,000 area and the cryptocurrency market facing real signs of another serious drop, the crypto market looks like this.
However, amid all the bearishness, several cryptocurrencies have bested all odds and have even emerged very bullish over the last week.
A good example is Toncoin, rising nearly 30% in the last week.
In this article, we will go over five of the star cryptocurrencies of the past week, and what you should know about them.
Toncoin, a cryptocurrency developed in 2018 by Telegram, has emerged as the best-performing mainstream cryptocurrency of the past week.
According to CoinMarketCap, Toncoin is up by 29% over the last week and is showing no signs of slowing down.
Over the past month, whale transactions (those worth more than $100,000) have decreased by 100% on the TON network.
Because of this, small investors have rushed in to fill the void, making TON more decentralized as the number of whale transactions declines.
In addition, Toncoin's market cap has now surpassed $6.5 billion, pushing it up to number 11 in CMC's market cap rankings.
The XDC Network, formerly known as the XinFin Network, is a hybrid (public/private) blockchain platform that combines the speed and security of private networks with the openness of public blockchains.
And over the past week, this cryptocurrency has recorded gains of almost 10% according to CoinMarketCap.
XDC currently trades at about $0.057. However, an analysis of its charts even shows that it has the potential to rally further to $0.935.
CoinMarketCap shows that XDC has a market cap of $790.6 million, and is ranked the 45th largest cryptocurrency by market cap.
The Stellar Development Foundation, often known as Stellar.org, launched the peer-to-peer (P2P) decentralized network known as Stellar (XLM) in 2014.
And as it stands, this cryptocurrency is the strongest competitor to XRP.
Stellar is up by 5.01% over the last week. However, on the daily timeframe, it has moved up by 10.41% and is now ranked the 21st largest cryptocurrency by market cap.
Stellar is already showing impressive signs of bullishness, and may even have prospects of hitting $0.136 and rallying further up to $0.1965.
Synthetix is the fourth best-performing cryptocurrency, because of its 5.4% gain over the last week, and because it has moved by an insane +11% over the last 24 hours despite bearish market conditions.
Synthetix is a DeFi liquidity protocol that any protocol can tap into for various purposes
Many innovative protocols on both Optimism and Ethereum use Synthetix as a backend, due to its high liquidity and low costs.
The cryptocurrency is priced at $2.22 at the time of writing. It has a market cap of $599 million, is ranked 56th on CoinMarketCap, and has very interesting prospects of visiting $4.38 very soon.
Despite the FUD and the challenges PEPE has faced since its launch, this frog-themed cryptocurrency seems determined to give the dog-themed ones a run for their money.
The cryptocurrency is up by 4% over the last 24 hours despite the general market dip and is ranked the 91st largest cryptocurrency by market cap, despite being launched a few months ago in April.
PEPE in the charts, appears strong fundamentally and technically as illustrated above.
And its bullishness may very well continue throughout this week if the cryptocurrency stays above $0.00000081.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.