The cryptocurrency economy has been booming in the third week of the year, with a total market cap of $993.17 trillion. Many digital assets have seen double-digit gains over the past two weeks, with some of the top 10 cryptocurrencies such as Bitcoin and Ethereum performing well. However, other digital currencies have far outdone the top coins in terms of gains.
Leading the way this week is Decentraland’s MANA token, which has seen an 88.02% increase in value. Over the last 14 days, MANA has gained 131.8%, although it is still 87% lower than its all-time high from November 25, 2021. Following closely behind is the Frax Share (FXS) with 81.69% gains and the FTT token (FTT) with a 62.82% rise. Other tokens that have outperformed Bitcoin and Ethereum include Helium (HNT), Aptos (APT), Solana (SOL), Composite (COMP), Optimism (OP), Convex Financing (CVX) and Gala (GALA).
Meanwhile, some coins have not fared as well, with Flare Network (FLR) dropping 16.76% in the last seven days due to its recent launch. Unus Sed Leo and Nexo (NEXO) have also seen dips in their value. Despite this, the cryptocurrency economy overall is up by 1.47% in the last 24 hours.
What do you think is behind the success of Decentraland’s MANA token and other digital assets with double-digit gains? Share your thoughts in the comments section.
