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**Leading Crypto Assets This Week: FORM, CAKE, HYPE, BONK and CRV Stand Out**
The digital currency space experienced some highs and lows last week, with selling activity mostly dominating. The space still seems somewhat unstable, and trading activity is lower. However, despite the recent decline in digital currency values, some assets have really distinguished themselves with impressive results over the previous week.
**Top 3 Assets of the Week**
**Four (FORM)**
Previously recognized as BinaryX (BNX), FORM took the top spot in the digital currency space this week with an incredible 57.64% increase! This asset has been a leading performer recently. Over the last two weeks, one month, and even a year, its value has risen by 89.6%, 68.6%, and 296.8% respectively.
Just five days after changing its name to FORM, BNX reached a record high of $2.12. This recent increase appears to be connected to some significant changes within the system. BinaryX rebranded on March 18, 2024, adopting the new ticker “FOUR,” which has certainly captured the interest of investors.
**PancakeSwap (CAKE)** TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
Following closely behind FORM is PancakeSwap, which has increased by 41.79% in the past week. PancakeSwap, a DEX operating on the Binance chain, has experienced significant growth recently, with its digital currency value rising to a high of $2.61. CAKE’s value has increased by 59% in the last two weeks, driven by increased investor involvement and growing trust in the asset. This growth has placed PancakeSwap ahead of rivals like UniSwap, strengthening its position in the DeFi sector.
**Hyperliquid (HYPE)**
Hyperliquid takes third place, gaining 18.88% over the previous week. The asset is currently valued at $16.22, up 8.3% from two weeks ago. This value trend indicates that HYPE is on the rise.
Over the last day, HYPE’s open interest (OI) has risen by 12%, indicating increasing trust in the token among dealers. This comes after a 35.6% price decrease, implying investors are optimistic about a possible asset recovery.
Bonk (BONK)
Bonk is ranked fourth, with a 16.79% price gain over the previous week. This meme coin’s current price increase has piqued the curiosity of traders. Despite the weekly gains, its value has grown by 15.3% in the last two weeks. Market mood and new purchasing pressure are the key drivers for BONK’s rise. The increase in open interest (OI) suggests growing market activity. According to Coinglass data, Bonk’s OI has grown by 2.89% in the last 24 hours, presently standing at $14.42 million. This expansion implies that more traders are creating new positions in the BONK market in order to profit on potential price appreciation.
Curve DAO Token (CRV)
Curve DAO Token is ranked fifth, with a 16.36% price gain over the previous week. This asset has lately shown outstanding resilience in the wider cryptocurrency market amid the existing negative trend. While many crypto assets remain in a downturn, CRV has managed to break through and increase by 24.2% in the last two weeks. This remarkable rise follows a long period of decrease, suggesting the possibility of continued gains in the coming weeks.
Other
Other crypto assets that performed well over the previous week include EOS, Lido DAO, Kava, OKB, and Tron. EOS (EOS) is ranked sixth, with a 13.20% price gain. Lido DAO (LDO) is close behind, with a 12.47% price gain. While Kava (KAVA) is ranked eighth with an 11.47% price gain, OKB (OKB) is ranked ninth with a 10.79% price gain. Finally, Tron (TRX) rounds out the list of the top ten weekly performers with a 9.46% price gain.
Nicholas Otieno functions as a fintech author thoroughly involved with the digital currency arena. As a Bitcoin proprietor himself, he’s a powerful follower in its fundamental concepts. Since 2019, he has been committed to coaching readers concerning cryptocurrency, spotlighting its capacity for worldwide affluence.
You could discover his paintings in distinguished guides like Finance Magnates, Blockchain News, Bitcoin Magazine, and Coincub. Outside of labor, Nicholas likes spending time with buddies, doing family duties, being attentive to song, and looking at football.
