The crypto-verse was on a recovery run. Despite starting 2023 on a rather turbulent note, several assets were registering notable gains over the weekend. Bitcoin [BTC] reclaimed the $21K zone following a 20 percent weekly surge. While most of the market was painted green and rallying, here are three assets that require your attention this week.
Decentrland’s MANA shines with 67 percent weekly rise
Metaverse-based project Decentraland’s native crypto MANA has been touted as one of the best-performing crypto assets this year.
At press time, the crypto was trading for $0.6803 with a 21.20 percent daily increase. MANA encountered a 67 percent rise in the past seven days. The crypto went from a low of $0.3814 to a high of $0.7278.
Several believe that the crypto would persist in the ongoing trend through this week as well. MANA’s latest growth was linked to the series of updates that Decentraland recently introduced.
On the virtual reality platform Decentraland, individuals may purchase property, build virtual structures like concert halls and gambling clubs, and charge guests to enter. Despite its innovative take, the project was recently under fire for having a low user base.
Nevertheless, the crypto asset’s latest price change could lure in more users.
Will SOL & SHIB continue to be the talk of the crypto town?
SOL & SHIB are currently among the most discussed crypto. Solana [SOL] has been rallying for days after the launch of its meme crypto asset BONK. The Altcoin has been up by 43 percent through the previous week. At press time, SOL was trading for $23.42 with a 3.78 percent upsurge in 24 hours.
Earlier today SOL surged to $24.75, which is its monthly high. The asset briefly entered the top ten over the weekend. Following the launch of BONK, the Solana network recorded a 3x growth in its active wallets as well.
Crypto Twitter has been yearning to see SOL hit $30 this week.
Shiba Inu [SHIB]
The crypto industry has been eagerly awaiting the launch of Shibarium. The meme crypto has managed to stay relevant throughout the bear market. Despite the conditions of the crypto-verse, SHIB continued to welcome new investors into its ecosystem. Currently, the total addresses in the SHIB network was at 1.282 million.
However, the meme coin’s value did not mirror this notion. However, similar to its counterparts, the asset was on an uptrend. At press time, SHIB recorded a 5.08 percent daily increase which pushed the asset’s price to $0.00001049. Additionally, the altcoin’s seven-day gains were at 19 percent.
Its latest pump is mainly due to announcements pertaining to Shibarium. It is likely that the asset would maintain this streak as Shibarium inches closer to launch.