A decline in cryptocurrencies began in the last week of July and peaked on August 5. The major crisis in Japan’s economy and geopolitical events in the Middle East significantly influenced this situation. While this had a substantial impact on Bitcoin, altcoins were also clearly affected. After 20 days, Bitcoin’s price climbed back to $65,000, and altcoins showed noticeable recovery. Let’s look at the top-performing altcoins in the past 7 days.
Popcat (POPCAT) Tops the Chart
Solana network has introduced many new meme coins in the past year. The latest star of the SOL network, known as the biggest rival and even the killer of Ethereum, is POPCAT. The recent surge has taken POPCAT into the top 100 cryptocurrencies.
POPCAT price dropped by 4.88% in the last 24 hours but increased by 69.45% in the past 7 days, reaching $0.7181.
Despite the recent drop, POPCAT’s market cap stands at $703 million, ranking it 87th. Additionally, its trading volume fell by 65%, reaching $95 million. As of the writing time, POPCAT ranked 8th among meme coins, just above another Solana meme coin, BOME.
FET Price Raises Questions
Formerly known as Fatch.ai, and rebranded as Artificial Superintelligence Alliance, FET remains 4th among AI tokens. The 43.12% rise in the past 7 days significantly contributed to this position.
Despite the weekly rise, FET’s price dropped by 4.80% in the last 24 hours, interpreted as investors taking profits, settling at $1.20. With a market cap of $3 billion, FET ranks 29th on CoinMarketCap, and its 24-hour trading volume is $193.4 million.
SATS (1000SATS) Gains Momentum Again
Lastly, SATS (1000SATS), created in honor of Satoshi and a leading project on the Bitcoin network, was among the week’s winners. SATS price increased by 38.98% in the past 7 days, reaching $0.0003952.
Despite frequent mentions throughout the week, SATS experienced a 1.19% drop in the last 24 hours. SATS’s market cap rose to $829 million, with a trading volume of $176.6 million. Whether the rise in SATS will continue or if investors will sell for profit remains to be seen in the coming days.
