🌎 Top 10 Cryptocurrencies with Biggest Gains This Week

The crypto market has experienced a downturn over the last 7 days, with the market cap falling from $2.37 trillion to $2.27 trillion. However, individual cryptocurrencies are still yielding returns for their investors.

This article highlights the top 10 performing cryptocurrencies over the last 7 days, providing insights into what might be driving their prices.

Top 10 Crypto Gainers of the Week

Let’s take a look at the best-performing crypto coins this week. Our list of the biggest crypto winners is derived from the top 300 results, focusing on projects that may still carry significant risk.

1. Popcat (POPCAT)

POPCAT, a cat-based meme coin on the Solana blockchain, leads the pack this week. It has gained 72% over the last 7 days, boosted by new exchange listings that have added extra liquidity to the market.

2. Mog Coin (MOG)

Mog Coin (MOG) is another meme coin featuring a cartoon cat mascot. It operates on the Ethereum network and can bridge between Ethereum and Bitcoin. The coin has risen by 59% this week, although it is worth noting that it has potential security flaws.

3. Rollbit Coin (RLB)

RLB is the native token for the Rollbit cryptocurrency casino and exchange. It offers various discounts and rewards to users. This week, the coin is up 41%, following an announcement of a token burn, which has created scarcity in the circulating supply.

4. Delysium (AGI)

Delysium is an AI-powered virtual society aiming to host one billion users. The coin is up 34% in the last week, driven by the release of Agent-ID, a system for introducing AI agents on the platform.

5. SingularityNET (AGIX)

SingularityNET (AGIX) is up 28% this week. The project is merging with FET and OCEAN tokens, all of which involve AI. SingularityNET is a decentralized AI marketplace where AGIX tokens allow users to vote on governance decisions.

6. Ocean Protocol (OCEAN)

Ocean Protocol enables users to monetize their data and data-based services. The token, which is part of the merger with AGIX, is up 30% for the week.

7. Fetch.ai (FET)

Fetch.ai, another token involved in the merger with AGIX, offers AI services on demand. The project has partnerships with major companies like Bosch and potential smart city use cases. The token is up 30% this week.

8. Non-Playable Coin (NPC)

NPC is a meme coin with minimal utility, focusing on entertainment value. It has risen by 29% over the last 7 days, possibly due to rumors of a Binance listing, although there is no evidence to support this.

9. WEMIX (WEMIX)

WEMIX is a blockchain gaming platform with over half a million users. Despite being delisted from several exchanges in 2022, the coin is up 28% this week.

10. Wrapped Centrifuge (WCFG)

Wrapped Centrifuge is the Ethereum version of the CFG token. The Centrifuge project offers DeFi and investing services. Both WCFG and CFG tokens are up 25% this week, with WCFG slightly higher.

Assessing the Best Performing Altcoins

When considering the top gainers of the week, it’s tempting to buy into a project that has recently risen in value. However, there is no guarantee that prices will continue to rise. Many people chase trading volume, which can lead to the expectation of a coin becoming oversold.

Savvy investors assess the underlying utility of top gainers, the reputation of the team, and the project’s track record, in addition to recent price action. While many traders focus purely on charts, the market is such that major players can bet against the flow, causing significant losses for retail traders following price trends.

For example, the highest performing crypto on this list is a meme coin with no stated utility. While prices may increase, these projects are extremely volatile and subject to severe price swings, often viewed as gambling rather than trading or investing.