Here is a list of the leaders in growth in the second week of October. For some coins, the catalyst for growth was announcements and updates, while others are growing on a wave of speculative excitement
Bitcoin updated its two-week maximum on October 14, adding more than 5% in a day. But, as often happens, among the largest cryptocurrencies, there are those that greatly outperform the market leader in terms of growth dynamics.
We present five of the top 100 largest tokens that have risen in price more than their competitors over the past week. We were guided by the growth in percentage over the period in question (data is available in open sources).
Ethena (#ENA )
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Market cap: $1.12 billion (as of October 2024);
Maximum price: $1.52;
Issue: 15 billion;
Weekly growth (October 7-13, 2024): +38%
Ethena$ENA is a synthetic dollar protocol running on the Ethereum blockchain that offers a new type of stablecoin called USDe. Unlike established stablecoins like USDC or USDT, USDe is not pegged to the dollar. Instead, it is a “synthetic” dollar backed by crypto assets and short futures positions.
Neiro ($NEIRO
)
Market cap: $893 million (as of October 2024);
Maximum price: $0.002253;
Issue: 420.69 billion;
Weekly growth (October 7-13, 2024): +30%
Neiro is a memecoin named after a dog named Neuro. It was adopted by the owner of the internet-famous Shiba Inu Kabosu, who became the face of the Doge meme and the Dogecoin cryptocurrency. Kabosu passed away in May 2024 at the age of 17.
There have been several Neuro-inspired tokens created on the Solana and Ethereum blockchains, but it was the first Neiro token launched on Ethereum that was added by the Binance exchange. Since its listing, it has already increased in price several times.
Brett (#BRETT )
Market cap: $1.13 billion (as of October 2024).
Maximum price: $0.2.
Issue: 9.9 billion.
Weekly decline (October 7-13, 2024): +26%.
Brett is a memecoin whose name is related to the PEPE token.
The projects are not connected to each other through creators, but rather only by meaning, since in the comics story Brett is the best friend of the frog Pepe. At the same time, the people managing the project claim that the platform attracts attention not as a memecoin, but as a unique ecosystem, whose participants discuss ideas and decide for themselves how to develop and promote the brand.
Chiliz ($CHZ )
Capitalization: $704 million (as of October 2024);
Maximum price: $0.8915;
Issue: 9.12 billion;
Weekly growth (October 7-13, 2024): +21%.
Chiliz is a unique project. Its token is native to the Socios.com platform, through which you can issue and trade fan tokens. At the moment, the names of a number of popular football clubs are associated with CHZ. Thus, the first token to be issued on the platform was the multiple champion of Italy, Juventus, followed by Atletico Madrid, Paris Saint-Germain, Roma, Barcelona, Arsenal and many others.
With the help of the token, users can participate in voting on the platform, place bets on the outcomes of games, and receive additional opportunities during matches.
Worldcoin (#WLD )
Market cap: $1.24 billion (as of October 2024);
Maximum price: $11.82;
Issue: 10 billion;
Weekly growth (October 7-13, 2024): +20%.
The company behind the Wordcoin project is Tools for Humanity, co-founded by Sam Altman of OpenAI, the company behind the ChatGPT chatbot.
It offers a biometric identification system. Worldcoin operators scan people's eyeballs with an Orb device - a reflective metal ball that records information about a person's iris in the form of cryptographic code. Everyone who passes the scan receives WLD tokens for it.
The project team announced a number of updates that, according to them, will allow Wordcoin to “scale from the current 7 million users to 700 million,” which likely served as an impetus for the token’s price growth.