Another week has ended in the cryptocurrency market. While Bitcoin has seen over $51 thousand in the seven days we have left behind, some altcoins have reached new peaks in the top 100 according to market value.
Cardano (ADA) rose to $3.10 on Thursday with the effect of the Alonzo update, which will take place on September 12. This was a new record for the ADA. It is a matter of curiosity how ADA will act as the update day approaches. Short-term traders need to be on the lookout for potential sell-offs.
Another cryptocurrency that made a name for itself by reaching a new record price this week was Solana (SOL). While NFT projects in Solana are frequently on the agenda, SOL broke the record for an all-time high of $150 on Saturday.
One of the leading altcoins, FTX’s token, FTX Token (FTT), climbed above $70 on Thursday. While FTX increases both the transaction volume and the number of users day by day, and on the other hand, signing important deals globally, the new ATH coming in FTT is not a surprise.
Axie Infinity (AXS) continues to progress with records. AXS, the token of the Axie Infinity game, surpassed its previous record with about $ 95 on Friday.
One of the altcoins is QNT, the token of the Quant project, which aims to ensure interoperability among blockchains and to establish a connection between global networks and chains, entered the list with a record it recorded on Sunday. So much so that the cryptocurrency went from $186 on Saturday to $298 today, setting a new record for QNT.
Incentive programs were among the important items on the agenda last week. Fantom (FTM) also made a name for itself with its $310 million incentive program. With the impact of this news, the price of FTM broke a new record with $1.27 on Sunday.
Arweave (AR) went up to $70 on Tuesday, and this stunning breakthrough is the new high for AR. The price movement that followed AR did not please the investors. The cryptocurrency was withdrawn up to $48.
Another cryptocurrency that attracted attention with its incentive program was Celo (CELO). Celo; Curve has announced a $100 million program that includes DeFi‘s leading projects such as Sushi and Aave. This news brought a rapid price increase and record in CELO. The cryptocurrency achieved its new ATH with $10.95 on Monday. The price then pulled back by a significant amount and is trading at $5.57 as of 23.48 CEST on Sunday.Share this article