Altcoins
This Week’s Best Performing Altcoins: Sell or HODL
Throughout the week, the majority of crypto market has moved sideways, with almost no recovery in the case of altcoins. However, some altcoins managed to achieve a small uptick during the week, proving their worth to investors.
In this blog, let’s discuss the best performing altcoins of the week.
Best Performing Altcoins of the Week
According to CoinmarketCap data, BONK, PEPE, NEAR, FLOKI and HBAR are the best performing altcoins of the week. Apart from that, some cryptocurrencies like KCS, TRX and CORE also noted significant increases this week.
BONK
BONK, one Meme piece based on Solana, recently managed to break above the average value, where its price jumped by 62.39% this week. During this period, it peaked at the high of $0.00002922 before falling to its current value of $0.000024.
With this push, BONK has moved closer to its all-time high target of $0.00002695, and if the market turns bullish, it could set a new ATH.
PEPE
PEPE, a frog-themed coin, is trending in the crypto market after its 36% rise price surge, pushing the value to $0.000007056. With this push, PEPE moved closer to its all-time high target of $0.00001074, which can be achieved in the coming days thanks to the continued rise.
The PEPE achieved a splendid performance at the start of the year. This current surge has created new hopes for meme investors.
Hedera HBAR
Hedera Hashgraph The native cryptocurrency, HBAR, has finally broken through the bear trap after two years. The token surged to the current value of $0.107 after a 31.35% rally. However, it is not the best price, as before HBAR reached a two-year high of $0.1803 on April 24.
It is difficult to predict how the altcoin might move next, as the token has already fallen 5% today.
Near protocol (NEAR)
With some price fluctuations, CLOSE turned bullish this week, where its price jumped 23.5%. At the time of writing, the token is trading at $7.05 and is slowly closing in on its ATH target of $20.42, which is 65% higher.
Considering that the highest level reached this week is $7.483, NEAR still has a long way to go to reach the best value.
FLOKI (FLOKi)
FLOKI, a meme piece inspired by Elon Musk’s pet dog, Shiba Inu, finally jumped to $0.0001752 after hitting the lowest point of the month at $0.0001203. Its price increased by more than 23.23% this week but still remains 30% lower than its March value.
THE FLOKI the token reached a two-year high of $0.00092964 in mid-March. Despite the challenges, FLOKI became the best performing altcoin this week, but there is still a long way to go.
Conclusion
Among altcoins, meme coins saw a better recovery this week, where a few meme coins like PAJAMAS surged more than 600% this week. Analysts speculate on the arrival of meme season based on the analysis of the best performing altcoins.
Learn more 3 Altcoins for sale towards the end of April