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The crypto market experienced a significant week as Bitcoin‘s price rose to $52,945, buoyed by developments surrounding spot ETF products for Bitcoin. Along with the increased activity around Bitcoin’s price movement, many altcoin projects joined the trend and reached new highs when intertwined with their own ecosystem fundamentals. Last week, altcoins such as Uniswap (UNI), Filecoin (FIL), and Worldcoin (WLD) stood out with widespread gains.
Uniswap Makes a Striking Rise
This week in the crypto market, Uniswap (UNI) saw a remarkable rise, appearing to wake from a long slumber with a surge of up to 76% after announcing a change in its staking mechanism to reward investors. At the time of writing this article, Uniswap’s price has entered a correction mode, falling by 4.52% in the last 24 hours to $10.75.
Uniswap recorded growth of over 38% in the last 7-day period and the new UNI.ETH domain name agreement seems likely to attract more use cases for the DEX platform that could weigh on its price in the long term.
Filecoin Continues Its Upward Trajectory
Filecoin (FIL) experienced a significant rise this week, testing the $8 level for the first time in over a month. As of this writing, the decentralized storage protocol saw an increase of 1.58% in the last 24 hours, reaching a price of $8.21.
In the past 7 days, Filecoin has shown an increase of more than 38%, and over the past month, an increase of over 78%. Filecoin, a crypto project with many use cases, recently received an endorsement from Solana’s co-founder Anatoly Yakovenko amid a partnership between the two protocols, highlighting the protocol’s significance in the crypto ecosystem.
Worldcoin Surpasses All-Time High
Worldcoin is leveraging OpenAI’s growing influence to chart new paths for the project, beyond gaining significant traction with its Orb verification innovation. In the early hours of February 25th, Worldcoin surpassed its all-time high (ATH) price of $9.33 after sustaining a 24-hour growth of 8.87%, though it was trading at $8.87 at the time of writing.
With its parabolic rise, Worldcoin has led the crypto market with a significant increase of 60% in 7 days and 292% over the past month.
