The percentage price change in some major cryptocurrencies is stronger than that of bitcoin
Bitcoin continues to trade in a narrow range at $62-64 thousand, but some of the largest cryptocurrencies by capitalization show more noticeable growth dynamics.
The growth leader among the top 20 largest crypto assets is NEAR. This is a native token of the blockchain platform NEAR Protocol. Among the tokens of ecosystem blockchains or so-called first-level networks, positive dynamics is also observed in BNB of the BNB Chain network from Binance exchange and TRX - a native token of the Tron ecosystem.
Cryptocurrency aggregators refer to the group of tokens of Layer 1 (L1) blockchain coins. And which serve as the underlying infrastructure for applications, tokens and protocols. These include Ethereum, Solana, Cardano or TON, among others.
Of the other tokens in the category, entrepreneur Justin Sun's Tron blockchain token TRX showed growth. TRX rose almost 10% over the week with a capitalization of $10.5 billion.
Other Tier 1 networks from the top 20 in terms of capitalization, such as Solana, Cardano and Avalanche, generally follow the dynamics of bitcoin or fall in value even more actively. Solana, Cardano and Avalanche blockchain tokens lost about 5% during the week.
Our experts note that the largest price drop among ecosystem blockchain tokens is observed in TON - the coin has fallen in price by 15% over the past week. It reached $7.2 before Pavel Durov's speech at the cryptoconference in Dubai. And after the speech of the Telegram founder, the token systematically fell in price. As of April 29, Toncoin is trading at $5.2.
