We tell you which of the largest crypto assets performed better than others over the past seven days
The editorial staff of RBC-Crypto has collected five of the top 100 largest crypto assets that have risen in price more than others over the past week. They were guided by the growth in percentage over the period in question (data is available in open sources).
Bittensor (TAO)
Market cap: $4.15 billion (as of September 2024);
Maximum price: $730;
Issue: 7.2 million;
Growth for the week (from September 18 to September 25): +74%.
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TAO is the native token of the Bittensor AI project. The platform itself is building an open data market for training AI models. Bittensor users are rewarded in TAO tokens for participating in a collective machine learning model.
One of the cryptocurrencies that suffered the least during the recent market crash, TAO, has been showing sharp price jumps up and down in recent weeks, while maintaining positive dynamics throughout the year. Over the past week, the coin has risen in price by 74% and is currently trading at $555.
You are (SIX)
Capitalization: $1.6 billion (as of September 2024);
Maximum price: $0.947;
Issue: 980 million;
Growth for the week (from September 18 to September 25): +65%.
Sei is an independent blockchain built on the software solutions of the Cosmos ecosystem. The developers position it as a network for high-frequency trading applications with high transaction processing speeds, but the network is also suitable for other applications familiar to cryptocurrency users.
The project team consists of former employees of Goldman Sachs, Databricks, Robinhood, Google and Nvidia.
The project raised $85 million from market makers Jump Crypto and Flow Traders, as well as from Multicoin Capital, Coinbase exchange and other well-known players in the venture market, receiving a valuation of $800 million.
The SEI token debuted on exchanges a year ago and peaked in March of this year. Then the token dropped significantly in price and resumed growth in September. Over the past week, SEI has risen in price by 65% to $0.45.
Popcat (POPCAT)
Capitalization: $985 million (as of September 2024);
Maximum price: $0.99;
Issue: 980 million;
Weekly growth (September 9-16, 2024): +43%.
Popcat is a memecoin that has risen in price by 43% over the past week and has updated its price maximum, approaching the $1 mark. The project was created based on an Internet meme that shows a cat with an open mouth.
The project infrastructure includes an online game where users can click on a picture and create new windows. Each action is taken into account and entered into the users' assets, from which a leaderboard is formed.
Sui (SUI)
Market cap: $4.5 billion (as of September 2024);
Maximum price: $2.08;
Issue: 10 billion;
Weekly growth (September 9-16, 2024): +40%.
SUI is the native coin of the Sui blockchain. This network is characterized by high performance, its key feature is the ability to conduct parallel transactions, which in turn guarantees high throughput of the blockchain.
The developers of the Sui blockchain are Mysten Labs, whose founders previously worked at Meta (recognized as an extremist organization in Russia and banned) on the never-launched Diem project and the Move programming language. The latter formed the basis of the Sui network, which began operating in May 2023. At the start, the blockchain's throughput reached 300 thousand transactions per second.
Since the launch of the Grayscale token trust fund, the coin has seen a significant increase in trading volumes (over $800 million per day). The company also launched a similar fund for TAO, the leader of today's list. Projects built on Sui have also seen capital growth of tens of percent. The largest of them (according to Defillama) are Navi Protocol, Scallop, and SuiLend.
Over the past week, the coin has gained 40% in price and is now trading at $1.68.
Aptos (APT)
Market cap: $3.99 billion (as of September 2024);
Maximum price: $19.90;
Issue: 1.18 billion;
Weekly growth (September 9-16, 2024): +35%.
The APT token is the cryptocurrency of the Aptos blockchain, launched in October 2022. The network allows you to create smart contracts and decentralized applications in the Move language, which has increased security and code reliability. The main developers of Aptos are Avery Ching and Mo Shaik, who were previously involved in the creation of the Diem wallet for Mark Zuckerberg's social networks.
The main feature of this network is the use of Parallel Execution technology, which increases the blockchain throughput and increases the speed of transactions (transactions per second, TPS). For comparison, the Solana blockchain has a declared speed of 50 thousand TPS, the international payment system VISA - 24 thousand TPS, and the Bitcoin network carries out an average of 5-7 transactions per second.
The project has raised at least $350 million from a16z, Jump Crypto, Tiger Global and other renowned venture funds.
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