The cryptocurrency market has experienced a remarkable surge this past week, with notable gains across various digital assets. Blur (BLUR) leads this week’s pack with an impressive 81.84% increase in value. This surge has pushed its market capitalization to a substantial $745,691,508. Interestingly, this uptick follows BLUR’s recent listing on Binance, a major cryptocurrency exchange.
BLUR/USD price chart (source: CoinMarketCap)
However, in the past 24 hours, the bullish trend encountered resistance, failing to surpass the 24-hour high of $0.6803. This resistance led to a slight dip in BLUR’s price to an intra-day low of $0.5771. Despite this minor setback, BLUR’s current trading price at $0.6128, though 1.59% lower from its intra-day high, still marks a significant rise.
This fluctuation in price, coupled with a 23.56% decrease in the 24-hour trading volume to $710,480,557, indicates some selling pressure yet underscores the strong investor interest in BLUR.
Stepn and Mina Follow suit
Stepn (GMT) follows BLUR, with a 39.79% rise in its price, bringing its market capitalization up by 24% to $480,446,261 in the last week. Significantly, GMT has shown bullish dominance in the previous 24 hours, climbing from a low of $0.2761 to a 30-day high of $0.3484. If GMT overcomes the $0.3484 resistance, the next level to watch would be $0.3800, hinting at potential future growth.
GMT/USD price chart (source: CoinMarketCap)
Mina (MINA) is not far behind, showcasing a 31.39% upswing in price and a 7.54% increase in market capitalization, now at $809,478,228. The 24-hour trading volume for MINA also leaped by 38.60% to $276,901,892, reflecting heightened investor interest and market activity. Even after facing early bearish momentum, MINA’s price rallied from a low of $0.7312 to a 24-hour high of $0.8745 before encountering resistance. MINA trades at $0.8033, a 7.87% rise from the previous day’s close.
MINA/USD price chart (source: CoinMarketCap)
Synthetix and ApeCoin: Continuing the Strong Performance
Synthetix (SNX) and ApeCoin (APE) also recorded significant gains, increasing 30.61% and 29.75%, respectively. SNX’s market value has risen to $1,065,531,694, while APE’s market capitalization now sits at $506,587,613. Despite starting the day under bearish influences, SNX reversed the trend, its price moving from a 24-hour low of $3.35 to an intra-day high of $3.79. SNX is priced at $3.65, slightly above the intra-day high.
SNX/USD price chart (source: CoinMarketCap)
APE’s trajectory was consistently upward throughout the day, reaching a peak of $1.73 before a modest pullback. APE is priced at $1.76, a 16.32% increase from its 24-hour low. This rise is underpinned by a 16.30% surge in market capitalization and a remarkable 269.58% increase in the 24-hour trading volume to $217,016,367, signaling strong demand and investor confidence in APE.
APE/USD price chart (source: CoinMarketCap)
Read Also: Solana (SOL) Makes History With About 51M Surge in Daily Transactions
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