Weekly growth of the altcoin market
Last week, ENA became the altcoin with the largest increase. At the beginning, the price of ENA was about $0.6, but by April 2, the price soared to more than $0.8. What's more surprising is that as the trading volume soared to more than $2 billion, the price had reached $1.17 by the weekend, an increase of about 70%. This means that Ethena became the currency with the largest increase in just one week, with a market value of $922 million.
The performance of the altcoin CORE was mixed. It started with strong momentum and then a little weak. Starting from $2.5, it had risen to more than $3.6 by the end of the first day. Although there were fluctuations later and even fell below $4, CORE still rose by more than 62% throughout the week, which is the second largest currency this week.
PENDLE also performed well and firmly sat on the throne of the third largest increase this week. From April 4 to 6, the price of PENDLE soared from $4.9 to more than $6.4, and then rose to more than $7, with a weekly increase of more than 35.5%.
There were also some altcoins that performed poorly this week, such as CFX, which fell more than 24% last week, becoming the currency with the largest drop. At the beginning, the price of CFX was $0.4, but it fell to $0.36 by the weekend. Not only did it fall, but the trading volume has also been declining, from the initial $74 million to about $35 million.
There are some happy and some sad in the altcoin market. Investment is always risky, so everyone should be cautious and don't blindly follow the trend!
