Despite a cautionary, optimistic outlook currently being noticed in the wider crypto market (driven by macro uncertainties), some cryptocurrencies are experiencing stability with steady rises in customer investment. Today, market analyst Phoenix Group listed the top trending cryptocurrencies by market capitalization.
The larger cryptocurrency market continues to tumble due to the Fed’s decision to maintain interest rates steady, two days ago, on Wednesday, January 28, and ongoing geopolitical tensions between Iran and the US, causing implications on oil prices and the global economy. Despite market difficulties, the analyst highlighted top crypto assets that registered momentum based on a massive increase in their market caps over the past seven days. Market cap is a crucial metric that indicates cryptocurrencies’ value, relative importance, size, and growth.
Top Trending Assets in The Cryptocurrency Market
Synapse (SYN)
Synapse (SYN), an interoperability protocol that allows the transfer of assets between blockchains seamlessly and securely, is at the top of the analyst’s list because it recorded the highest growth in its market capitalization. According to the data, SYN experienced a massive 94.8% increase in its market cap over the past seven days. This sharp surge in Synapse’s market cap reflects the heightened level of investor appetite for the crypto asset.
Today, SYN recorded a 32.2% price rise. Also, its price has been up 84.1% and 93.5% over the past seven days and monthly, respectively, indicating capital inflows into its market.
Cobak (CBK)
Cobak (CBK), a South Korea–based Web3 crypto platform that integrates on-chain and off-chain transactions, followed the list as its market cap increased by 41.2% over the week, making it the second position. This remarkable surge in the asset’s market capitalization is an indicator of increased investor interest in this asset. Today, CBK witnessed a 36.5% spike. On top of that, its price has been up 24.2% and 30.1% over the past week and month, respectively, reflecting high buying activity of CBK tokens.
Alpha Quark (AQT)
Moving down, Alpha Quark (AQT), a blockchain platform designed to monetize and trade real-world intellectual property, also saw its market increase by 11.3% in the last seven days. Alpha Quark’s market cap surge has been fueled by positive and broadening investor interest in its market. Today, AQT recorded 10.1% price rise, making it one of the top gainers in the crypto market today. Also, its price has been up 2.5% and 9.3% over the past week and monthly respectively.
Falcon Finance (FF)
Falcon Finance (FF), a decentralized protocol that enables users to mint synthetic assets and earn yield on their crypto holdings, is also gaining serious investor interest in its platform. Significant growth of its market cap (as indicated by the analyst) signals massive traction in FF’s DeFi market.
Humanity (H)
Fifth on the list is Humanity (H), a decentralized identity platform that leverages palm-scan biometrics and ZKPs to verify human uniqueness. The cryptocurrency is also seeing huge popularity, as per the data. With positive performance noted over the week, Humanity’s market cap now stands at $247 million, indicating greater user trust and interest in the H token.
Other Top-Performing Crypto Assets
Lastly, the analyst listed other best cryptocurrencies to buy for both short-term and long-term gains, as illustrated by the growth of their market capitalizations in the recent few days. The list includes Official Trump (TRUMP), World Mobile Token (WMTX), Pi Network (PI), Pump.fun (PUMP), and Jupiter (JUP).
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