This week saw a surge in positive momentum in the cryptocurrency market, as Bitcoin price reached a record-breaking $99,655.50 and altcoins such as Stellar (XLM), Mantra (OM), Hedera (HBAR), and Rexas Finance (RXS) showed outstanding performance. These top crypto performers demonstrated noteworthy profits, highlighting their growing attraction to investors. Let’s delve deeper into their outstanding performances.
Top Crypto Performers of the Week
1. Stellar (XLM): Crypto Performer in International Payments
Weekly Gain: 171.21%
Stellar Lumens, one of the top cryptos to buy, with its main emphasis on enabling international transactions, has shown significant growth this week. The price rose to $0.4382, showing an impressive 171.21% growth in the last week. This rapid increase demonstrates the increasing interest in blockchain-powered payment options, with Stellar forming more partnerships with financial institutions and worldwide organizations.
Stellar’s market capitalization hitting $13.15 billion is proof of its broad acceptance and solid investor trust. XLM experienced increased market activity soaring 362% in its 24-hour trading volume to reach $6.83 billion.
2. Mantra (OM): A Rising Star in Decentralized Finance
Weekly Gain: 69.05%
Mantra has firmly established itself in the decentralized finance (DeFi) sector with strong performance this week. The price increased to $3.81, showing a 69.05% rise over the last week. The increase is happening while Mantra’s staking, lending, and governance functions keep drawing in a dedicated group of users.
Having a market value of $3.44 billion, Mantra has become a significant player in DeFi by concentrating on community-led projects and creative resources that give its users more control. With a trading volume of $193.48 million in a 24-hour period, there is clear market interest in it, and its consistent growth is evident with a 30-day gain of 176.75%.
Mantra’s roadmap focusing on growing its network and improving its governance system, establishes it as a strong player in the ongoing competitive DeFi market.
3. Rexas Finance (RXS): Revolutionizing Real-World Asset Tokenization
Price: $0.08 (Presale)
Though still in its presale phase, Rexas Finance (RXS) has made a bold entrance into the crypto market, as one of the top early-stage cryptocurrencies. With a presale price of $0.08, the project has already raised over $9.8 million, signaling strong early investor confidence.
Rexas Finance’s innovative approach to tokenizing real-world assets (RWAs) like real estate and commodities sets it apart in the crowded cryptocurrency space. Its ecosystem offers tools such as the Rexas Token Builder for creating asset-backed tokens, a Launchpad for fundraising, and a Rexas Estate platform for co-owning tokenized assets.
Analysts predict that RXS could surge to $24 within five months, as the project prepares for Tier 1 exchange listings.
This forward-thinking integration of blockchain technology with tangible assets positions Rexas Finance as a trailblazer in the RWA sector. Backed by a Certik audit and a growing community, the RWA token is poised for long-term success, offering investors an innovative way to diversify their portfolios.
4. Hedera (HBAR): Scaling New Heights with Enterprise Blockchain Solutions
Weekly Gain: 66.65%
Hedera Hashgraph appears on our list of top crypto performers of the week, with its enterprise-level blockchain offerings. This has pushed its price to rise to $0.1476—an impressive 66.65% increase in just one week. The rise in usage by businesses using Hedera’s quick, safe, and scalable platform for dApps is driving this performance.
Hedera’s market value has increased to $5.64 billion, indicating strong interest from investors. The $2.06 billion trading volume for HBAR reflects continuous demand for the cryptocurrency. In the last three months, Hedera has increased by 158.70%, demonstrating its capacity for sustained growth.
As Hedera is adopted by more businesses, its value proposition remains appealing to both developers and enterprises.
The best crypto performers this week showcase the various opportunities available in the cryptocurrency market. Stellar’s leadership in payments, Mantra’s strong presence in DeFi, Hedera’s attractiveness to enterprises, and Rexas Finance’s emphasis on RWAs highlight the sector’s rapid expansion. With Bitcoin approaching the $100,000 milestone, these alternative coins demonstrate the opportunity for significant gains during this bullish market.
Jane Lubale
With over four years of experience in the cryptocurrency, Fintech, blockchain, and Web3 industries, I bring a wealth of knowledge and expertise to every piece I write. Backed by a Masters in Business Administration, my writing combines insightful analysis with a deep understanding of market trends, technological advancements, and regulatory landscapes. Whether crafting engaging articles, informative guides, or thought-provoking analyses, I strive to deliver content that informs, educates, and inspires readers in this rapidly evolving space.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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