Top Performing Cryptocurrencies of the Week

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Last week witnessed a bullish trend in the overall cryptocurrency market as many tokens saw their values increase by double digits. The global cryptocurrency market capitalization saw a 3.4% rise over a seven-day period. Here are the two altcoins that gained the most in the crypto markets last week!

Core (CORE)

Core (CORE) is the native token of the Ethereum (ETH) Virtual Machine-compatible (EVM) Layer1 blockchain system. As an altcoin, it led the crypto market with the highest gains last week. At the time of writing, it had witnessed a 138% increase in price over the last seven days, trading at $1.60. CORE’s value saw a 35% rise in the last 24 hours, continuing its weekly gains. During this period, its trading volume surged by 139%. The altcoin last traded at the $1.60 price level in May 2023.

Dogwifhat (WIF)

According to the website 21milyon.com, the Solana (SOL)-based meme token dogwifhat (WIF) secured an impressive 90% weekly gain, making it the second-highest gainer last week. On March 30th, the meme token briefly traded above $4.5, reaching its all-time high. The high trading volume last week led to a significant increase in WIF’s market value. At the time of writing, it had a market capitalization of $4.2 billion, making it the third-largest meme token by market value after Dogecoin (DOGE) and Shiba Inu (SHIB). The daily chart analysis of WIF’s price movements suggests that if the bullish trend continues, the gains could extend into the new week.

The mentioned indicator predicts the relationship between the strength of buyers and sellers in the market. When the value is positive and the bars are trending upwards, it can be a bullish signal indicating a rise in buying activity. The MACD line of WIF, confirming the uptrend, was above the signal line at the time of writing. This intersection could be a sign of the market’s strength. It may indicate that the short-term moving average has crossed above the long-term moving average, presenting an opportunity for profit-oriented buying.

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