SUI and ZETA Lead the Week's Crypto Gains, Monero Dips Slightly

News.bitcoin.comPubblicato 2024-08-11Pubblicato ultima volta 2024-08-23

Despite the recent dip in the crypto market, several digital currencies have experienced solid growth over the past week. Leading the pack, SUI saw a 95.6% increase against the U.S. dollar, with ZETA following closely, jumping 71.9% this week.

Crypto’s Top Weekly Performers

As of 12 p.m. EDT on Monday, the global crypto market has dipped by 0.54% in the last 24 hours, settling at a valuation of $2.1 trillion. Although bitcoin and ethereum have faced some declines recently, they’ve still managed to gain 9.6% and 9.3% respectively over the last seven days.

SUI and ZETA Lead the Week's Crypto Gains, Monero Dips Slightly
SUI/USD on Aug. 12, 2024.

However, a few digital currencies have outperformed BTC and ETH this week, with sui crypto (SUI) rising by 95.6%. ZETA also enjoyed double-digit growth, climbing 71.9%, while Helium (HNT) surged by 70.2%.

SUI and ZETA Lead the Week's Crypto Gains, Monero Dips Slightly
ZETA/USD on Aug. 12, 2024.

Meme coins had a moment too, with dog go to the moon (DOG) soaring 60.94% and mog coin (MOG) increasing by 60.73% this week. Over the past seven days, zcash (ZEC) grew by 52.33%, and curve dao token (CRV) climbed 52.05%.

Other notable gainers, including SUPER, WIF, SEI, ONDO, GMX, and RAY, achieved gains ranging from 42.78% to 47.47% against the greenback. Monero (XMR) was the only coin to see a loss over the past week, down by 0.5%.

Aside from stablecoins, bitcoin, and ethereum, the highest trading volumes this week were seen in solana (SOL), binance coin (BNB), xrp (XRP), pepe (PEPE), dogecoin (DOGE), and sui crypto (SUI).

What do you think about the crypto gainers this week? Share your thoughts and opinions about this subject in the comments section below.


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Warsh's Debut: Will the FED Chair Who Knows Crypto Best Bring Surprises or Shocks to the Market?

Kevin Warsh, the new Federal Reserve Chairman, prepares for his inaugural press conference amidst a challenging macroeconomic landscape: resurgent inflation, a bond market sell-off, and political pressure from President Trump for rate cuts. Uniquely, Warsh holds indirect investments in over 20 crypto and Web3 entities (e.g., Solana, dYdX), making him the first Fed Chair with disclosed crypto exposure. His stance may combine a hawkish, inflation-focused monetary policy with a crypto-friendly regulatory philosophy that shifts from Powell’s “same risk, same rule” approach toward a framework acknowledging blockchain’s productivity value. Warsh’s leadership could impact crypto markets across three dimensions: a paradigm shift in regulation (potentially accelerating pro-innovation legislation and stable币 rules), a re-pricing of risk premiums based on clearer communication and his view of AI as a structural disinflationary force, and a long-term reallocation of global institutional capital driven by increased legitimacy. Two potential scenarios for the press conference are outlined. A “positive surprise” would involve a dovish-leaning tone on rates coupled with signals of regulatory openness, potentially boosting crypto asset valuations. Conversely, a “negative shock” would see a more hawkish-than-expected stance on inflation and rates, triggering a broad risk-asset selloff that crypto markets would not escape. While ethics rules required Warsh to divest his crypto holdings upon confirmation, his deep understanding of the technology may fundamentally lower policy uncertainty and build a more receptive long-term foundation for digital assets’ integration into the mainstream financial system.

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Warsh's Debut: Will the FED Chair Who Knows Crypto Best Bring Surprises or Shocks to the Market?

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