The crypto market this week experienced a mixed bag of gains and losses as many top 100 assets saw significant shifts in their ranking due to recent performance. This volatility suggests a shift in sentiment across different sectors, with some coins performing strongly while others struggle. The list of the best-performing assets reveals a complex mix of bullish and bearish dynamics.
DASH led the pack this week, soaring 45 spots to secure 81st place, fueled by a robust 35.15% weekly price surge. Investors are optimistic about the future after seeing steady positive growth on its chart for one month. STRK and FET also enjoyed notable gains despite fluctuating sentiment.
While STRK gained 40 spots to 85th, its bullish momentum was tempered by a negative three-month VWAP deviation of 41 points, indicating potential underperformance compared to historical averages. FET also saw positive growth with a 25 spot rise, reaching 82nd, and its price rose steadily despite a bearish performance against the three-month VWAP (-41).
MyX Finance experienced a decline in price last month but managed to climb the rankings nonetheless, gaining 22 positions to secure 96th place. The asset continues to be considered bullish even as prices dip due to market fluctuations and negative VWAP deviation of 56 points.
Zcash was another standout performer this week, surging 83.53% to reach a high of $498.39. This price rise led the coin to jump 15 places in rankings, further bolstered by its strong market cap of $8.18 billion and positive three-month VWAP variance of 14.
PUMP, TRUMP, FIL, and ICP presented varied reactions to market trends. PUMP saw a major downturn, losing 32.77% over the week while gaining 15 positions to 49th. TRUMP experienced modest gains, rising 14 spots to 59th after a 5.41% increase. Filecoin FIL climbed 14 places to sixth position, driven by a moderate 3.72% gain, while the negative three-month VWAP of -62 suggests potential resistance.
Internet Computer ICP also saw notable growth, gaining 13 positions to rank 43rd. The asset closed the week with a high price surge of 29.69%, driven by its positive performance against the three-month VWAP (-53) and resulting in a bullish outlook.