- Shiba Inu leads with a 14% return, outperforming other top cryptocurrencies.
- Bitcoin rose by 5%, maintaining its place as the largest digital asset.
- Toncoin and XRP saw slight declines, marking a tough week for both assets.
In its analysis dated September 26, 2024, Grayscale provides a clear view of the top 10 cryptocurrencies based on their one-week performance. This breakdown demonstrates how each stock has performed and what it means for investors looking to track the fast-changing crypto economy.
📸 Grayscale Crypto Snapshot – Assets
Our weekly snapshot of the top 10 #crypto assets by 1 week returns.–$SHIB $ADA $DOGE $SOL #ethereum $BNB #bitcoin $TON $TRX $XRP pic.twitter.com/f5XvSreEkM
— Grayscale (@Grayscale) September 27, 2024
Shiba Inu Leads the profits
This tops the list with a 14% return in the past seven days. Its market capitalization of $4 billion shows its growing presence among meme coins. The essential gain reinforces Shiba Inu’s rising popularity in the digital currency space.
Cardano and Dogecoin Ascend
ADA follows closely with a 12% gain. The currency continues to grow in decentralized finance and smart contract use, maintaining a market cap of $8 billion.
Meanwhile, DOGE saw a 9% increase. Known for its meme status and social media influence, Dogecoin holds a stable $8 billion market cap, showing its consistent rise among investors.
Solana and Binance Coin Show Positive Movement
SOL posted a 8% gain this week, driven by its increasing use in decentralized applications and NFTs. Solana’s market cap stands at $9B, placing it among the top performers.
BNB recorded a 6% rise, maintaining its position as a critical player in the cryptocurrency market. With a $34B market cap, Binance Coin continues to influence the crypto space as the native token for Binance.
Bitcoin and Ethereum Maintains Balance
BTC rose by 5% this within seven days, holding its spot as the largest cryptocurrency. With a market cap of $505 billion, the coin’s stable rise keeps it a dominant force in the market.
Ethereum , the second-largest cryptocurrency, gained 4%. The coin’s role in decentralized applications supports its $202 billion market cap.
Tron Sees Moderate Growth
Tron (TRX) posted a 3% increase this week. Known for its high-speed transactions, Tron holds a market cap of $8 billion, securing its place in the blockchain sector.
Toncoin and XRP Decline
Not all assets saw gains as. TON faced a 4% drop in value but still holds a six billion market cap. Similarly, XRP saw a -3% return, though its market cap remains strong at $34 billion.
Grayscale’s report highlights both gains and losses, providing key insights into this week’s crypto market shifts.