The crypto market had quite an eventful week. The market was painted in green throughout the last couple of days. However, the crypto-verse seemed to be entering the weekend taking a dive into the red sea. Bitcoin [BTC], the world’s largest crypto was down by 2.17 percent over the last 24 hours but managed to stay over the $20K zone.
Amidst this, several assets in the market managed to pocket significant gains. While most of them bagged double digit profits over the week, here are three cryptocurrencies that topped this list.
1. Klaytn [KLAY]
The price of KLAY overshadowed that of Dogecoin [DOGE] despite Elon Musk’s big Twitter takeover. It should be noted that KLAY began to surge last week. This uptrend was initiated by a proposal put forth to reduce the crypto-mining reward on the blockchain. This would mean that the mining reward would drop from 9.6 KLAY to a low of 6.4 KLAY.
In light of this update, both the price and social sentiment of KLAY witnessed a prominent spike. It should be noted that the crypto rose from a low of $0.1401 earlier this week to a high of $0.2623.
At press time, KLAY was trading for $0.2565 with daily gains at 5.47 percent while its weekly profits witnessed a 99 percent spike.
2. Dogecoin [DOGE]
Dogecoin’s presence on this list isn’t a surprise to anyone. As mentioned earlier, prominent Dogecoin proponent had sealed a $44 billion deal with social media giant Twitter. While the meme coin remained quite low-key for a while, this acquisition deal boosted the price of DOGE.
At press time, Dogecoin was trading for $0.0806 with a 7.45 percent increase over the last 24 hours. Throughout the week, the asset recorded a surge of 38.86 percent. This further pushed Dogecoin from a low of $0.05742 all the way to a high of $0.08483.
3. TerraClassicUSD [USTC]
This algorithmic stablecoin turned the world upside down just a couple of months ago. While its creators Do Kwon was still on the run, this asset was seen trying to reach its $1 peg.
The stablecoin jumped from a weekly low of $0.035 to $0.0465 following a 19.9 percent rise over the last seven days. USTC was trading for $0.0428 with a 13.64 percent daily surge, at the time of publication.
Despite this surge, the stablecoin remains over 90 percent below its $1 peg.