Which Are The Biggest Gainers in The Cryptocurrency Market Last Week?
With the "Shapella" upgrade officially being implemented, the majority of the crypto market experienced significant gains.
Here is a list of the cryptocurrency market’s biggest gainers from April 10 to April 14. (Only tokens with considerable trading volume and market cap are included).
Injective
Injective Protocol’s (INJ) platform is a decentralized exchange (DEX) that enables users to engage in cross-chain margin trading as well as trade derivatives and forex futures.
INJ had a very bullish week as it surged by more than 50%. At the time of writing the token is trading at of $7.80. During the past 24 hours, the altcoin surged around 15% and has a trading volume of almost $330 million.
With its current market cap of $620 million, INJ is ranked #80 by CoinMarketCap. Nevertheless, this crypto asset is still 66% down from its ATH of $25.
Woo network
The WOO Network provides centralized finance (CeFi) and decentralized finance (DeFi) solutions allowing increased liquidity in the cryptocurrency market. InvestorsObserver’s research, which analyzes historical trading patterns, awards the network an impressive long-term technical score of 95.
With a current price of $0.30, WOO is up 44% on the weekly chart and 14% in the past day.
The #90 altcoin by market cap is still 83% down from its ATH of $1.78. WOO’s 24-hour trading volume is around $90 million.
Arbitrum
Recently, on April 14, Ethereum successfully implemented its “Shapella” upgrade. After that, ARB’s price soared to $1.66 with a 24-hour trading volume of $2.2 billion. The altcoin is up 50% on the weekly chart and more than 5% on the daily chart.
Arbitrum has demonstrated market dominance among Ethereum Layer 2 competitors, surpassing Optimism with a TVL near its all-time high of $2.31 billion. In contrast, Optimism’s TVL falls short at $949.21 million.
READ MORE: The US Dollar’s Decline: A History of Currency Depreciation
Despite the recent AIP-1 controversy, a researcher from Messari believes that ARB is undervalued relative to Optimism, with only a 20% premium.
OKB
The significant increase in value occurred shortly after OKX disclosed its backing for the SUI token sale. Beginning on April 23, OKX Jumpstart, the exchange’s premier token sales platform, will feature the SUI token as part of a token allocation lottery.
To qualify for SUI tokens, users must possess OKB tokens from April 20-22. The sale price for 225 million tokens is set at $0.1.
Sui Network’s partnership with OKX Wallet allows users to engage in airdrops and other initiatives within the Sui ecosystem.
At the time of writing, OKB is priced at $52.4, up 27% on the weekly chart and almost 15% in the past 24 hours. The utility token is nearing its ATH of $58.66
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
