During the past week, 23 cryptocurrencies saw significant gains against the U.S. dollar, with Flare (FLR) and Uniswap (UNI) taking the lead. Meanwhile, Dymension (DYM) and Helium (HNT) experienced notable declines during the same timeframe.
FLR and UNI Stand Out Amid Diverse Crypto Performance; DYM and HNT Encounter Challenges At present, the total cryptocurrency market capitalization stands at $2.02 trillion, marking a 1.57% increase in the last 24 hours. Bitcoin (BTC) has seen a modest 0.8% rise over the week, while Ethereum (ETH) has surged by 7.7%.
On the flip side, Dymension (DYM) saw a 15% decline in its value this week, while Helium (HNT) dropped by 13.3% against the U.S. dollar. Sei (SEI) experienced a 12.6% decrease, and the BRC20 token called Sats Ordinals (SATS) saw a 10.8% reduction in value.
BTC currently holds a 50.8% share of the total market valuation, with ETH capturing an 18.6% share as of February 26. Despite this steady performance, BTC and ETH have been outpaced in weekly gains by nearly two dozen other cryptocurrencies, which have recorded double-digit growth.
Flare (FLR) witnessed a notable surge of 50% over the past week, while Uniswap (UNI), the governance token of the decentralized exchange (DEX), surged by 48.7%. SingularityNET (AGIX) saw a rise of 35.3%, and Mantle (MNT) appreciated by 22.5% against the U.S. dollar.
Fetch.ai (FET) experienced a growth of 22.3%, while Theta Network (THETA) witnessed a value increase of 22.2%. Other notable cryptocurrencies that performed well this week include FIL, GALA, RNDR, WOO, CHZ, NEAR, and CAKE.
Excluding USDT, BTC, ETH, FDUSD, and USDC, the tokens with the most substantial trading volumes on Monday include BNB, SOL, XRP, WLD, MATIC, ADA, and AVAX. The global trading volume over the past 24 hours surged to $61.86 billion, indicating a rise of 22.5%.
Around 21 cryptocurrencies among the group faced losses ranging from 2% to 15% over the past week. Notable downturns were observed in TIA, ICP, ARB, SUI, and SOL, which collectively dropped by 7.6% over the week.
As of Monday, the ‘Altcoin Season Index‘ from Blockchaincenter.net stands at 69. To officially declare the start of the “altcoin season,” this index needs to surpass 75. While still within the “bitcoin season,” FLR, STX, BEAM, SEI, ICP, TIA, SUI, IMX, and TAO have recorded gains ranging from 140% to 349% during the ongoing ‘season,’ spanning 90 days.
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