The past week was marked by a noticeable increase in the value of several altcoins. Particularly notable was the performance of the memecoin Dogwifhat (WIF), which posted an impressive increase of almost 62% in just 7 days.

This trend wasn’t just set by Dogwifhat; Other crypto coins also showed enormous growth. In this article we take a look at the altcoins that have performed the best recently.

1. Dogwifhat (WIF)

Dogwifhat (WIF), a memecoin launched last December, achieved an impressive new record this week by setting an all-time high (ATH). Starting at just $0.0047 per token in December, WIF’s price recently rose to $3.65.

This increase was marked by a significant price jump of 19.4% in the last 24 hours, bringing the weekly gain to a whopping 62%. The token even peaked at $3.96, although there was a small pullback afterward. This indicates that the $4 threshold represents a strong resistance level.

Thanks to its recent performance, WIF’s market value has risen to more than $3.6 billion, placing it 40th in terms of market capitalization. This is a notable milestone for the coin. Despite its significant growth, WIF still has a long way to go compared to the most prominent memecoins such as Dogecoin (DOGE) and Shiba Inu (SHIB), with a market value of $30.8 billion and $18.1 billion respectively.

2. Bitcoin Cash (BCH)

Bitcoin Cash (BCH), which comes from a fork from Bitcoin (BTC) in 2017, is impressing with its strong performance this week.

The increasing interest from investors is noticeable as the BCH ‘halving’ approaches, a key moment when the reward for mining is halved.

This event, which historically positively affects the value of cryptocurrencies, has led to a significant price increase: BCH saw a 10% increase in just 24 hours and reached a growth of 56% over the week.

This advance has pushed Bitcoin Cash’s price above $600, a level not reached since November 2021.

3. Mantle (MNT)

Finally, we discuss Mantle (MNT), a layer-2 protocol built on the Ethereum (ETH) network. Since its launch in July 2023, this relatively new altcoin has experienced significant growth. Last week, Mantle reached a new high with a record price of $1.24, representing an impressive increase of approximately 50% in value.

Despite only being active for a short time, the network has already achieved a market value of more than $3.7 billion. This success has enabled Mantle to overtake its competitor within the Ethereum layer-2 ecosystem, Optimism (OP), in terms of market value.

2 more days: Grab your 20 Euro bonus at Bitvavo now

Are you about to discover the crypto world and are you considering buying Bitcoin Cash or another crypto? Then grab your chance now with this exclusive offer! Thanks to a special deal between Newsbit and the Dutch crypto exchange Bitvavo, our readers receive an exclusive offer

Only 2 Days Available: register with Bitvavo via the button below and receive a welcome gift of 20 euros completely free. And that’s not all – you also don’t pay trading fees on your first 10,000 euros in transactions. Register now!


Leave a Reply