This week has been a rollercoaster of clashes between the bulls and bears.
In terms of bullish price movement, this week hasn't been bad at all. Sunday through Friday has seen several winners emerge, most notable of which are Cardano, Avalanche, Bonk and a host of others.
In this article, we will be going over five of the most popular cryptocurrencies this week, explaining what made them so popular and how well they have performed.
Let's go over the first:
Cardano, according to CoinMarketCap, is up by an impressive 25% over the last week, and by 75% over the last month.
After spending 2022 and most of 2023 under the $0.3 resistance, Cardano's bulls seemingly woke up, pushing the cryptocurrency into "best-performer" status.
Cardano, according to TradingView, has been showing signs of a bullish rally since mid-October. And from 19 October until now, Cardano has shown a 170% price increase.
Cardano's bears are putting up a fight at the $0.655 resistance, but with the way things are going, we may see Cardano hit $1 sooner than anyone expects.
Bitcoin-based memecoin, Satoshi (or SATS) was listed on Binance early this week, around 11 December.
Right around the time it was listed, this cryptocurrency rallied by more than 140% in mere hours.
Because of this relatively strong price movement, the speculation around SATS grew, with LookOnChain even commenting that the top 20 Satoshi holders currently control 333.3 trillion tokens, valued at $150.8 million.
Interestingly, this makes up 15.9% of the entire amount available, with six of these top holders earning a total of around 78.57 million SATS ($35.5 million) by minting alone.
SATS still has a few questions to answer about decentralization and its tokenomics, but it has been one of the best-performing cryptocurrencies this week, with a current price of $0.000891.
BONK is the most popular Solana-based memecoin on the market and by far the most bullish.
CoinMarketCap data shows that this week, BONK has registered about 90% at the time of writing alone. This week, the gains shot up to a whopping 134%, and over the last month, BONK is up by an insane 940%.
BONK has moved up so steadily on all timeframes, that there is no guarantee that it will not continue further up.
In terms of top-10 altcoins, Avalanche has dominated the trading scene almost completely over the last week.
Avalanche, ranked the 9th largest cryptocurrency by market cap at the time of writing, used to be ranked 11th by this time last week.
CoinMarketCap data shows that the cryptocurrency is up by about 6% over the last day and by more than 50% over the last week.
Among the top 10 gainers, Avalanche was by far the best performing, beating Cardano (at 27% almost twice over).
Around 10 November, Celestia was a little over $2.
Today, we have Celestia at about $13, giving Avalanche a run for its money in terms of weekly gains.
Celestia was one of the most popular cryptocurrencies this week, owing to the current 1% rally on its daily timeframe, and a 40% gain over the last week.
Analysts have predicted that Celestia might continue its rally further up to $20, leading us to believe that Celestia might make the list of the most popular cryptocurrencies next week.
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.