Throughout the week, the majority of the crypto market has moved sideways, with almost no recovery in the case of altcoins. However, a few altcoins did succeed in gaining a little hike over the week, proving their worth to the investors.
In this blog, let us discuss the top-performing altcoins of the week.
Top Performing Altcoins The Week
According to the CoinmarketCap data, BONK, PEPE, NEAR, FLOKI, and HBAR are the top-performing altcoins of the week. Other than that, a few cryptocurrencies like KCS, TRX, and CORE have also noted significant surges this week.
BONK
BONK, a Solana-based meme coin, has recently managed to surge above the average value, where its price has surged 62.39% this week. During this time, it peaked at the highest of $0.00002922 before falling to its current value of $0.000024.
With this surge, BONK has gotten closer to its all-time high target of $0.00002695, and if the market turns bullish, it might set a new ATH.
PEPE
PEPE, a frog-themed meme coin, is trending in the crypto market after its 36% price surge, pushing the value to $0.000007056. With this surge, PEPE has gotten closer to its all-time high target of $0.00001074 which can be achieved in the next few days with the continuous surge.
PEPE exhibited a splendid performance at the start of the year. This current surge has created new hopes for meme investors.
Hedera HBAR
Hedera Hashgraph’s native cryptocurrency, HBAR, has finally surged above the bear trap after two years. The token has surged to the current value of $0.107 after a surge of 31.35%. However, this is not the best price, as earlier HBAR rose to a two-year high of $0.1803 on 24th April.
It is challenging to expect how the altcoin might shift next, as the token has already dropped 5% today.
Near Protocol (NEAR)
With a few price fluctuations, NEAR has turned bullish this week, where its price has surged 23.5%. At the time of writing, the token is trading at $7.05 and is slowly stepping towards its ATH target of $20.42, which is 65% away.
Considering the fact that the highest it surged this week is $7.483, there is a long way for NEAR to hit the best value.
FLOKI (FLOKi)
FLOKI, a meme coin inspired by Elon Musk’s pet dog Shiba Inu, has finally surged to $0.0001752 after hitting the lowest point of the month at $0.0001203. Its price has increased more than 23.23% this week but is still 30% lower than its March value.
The FLOKI token surged to a two-year high of $0.00092964 in mid-March. Despite the challenges, FLOKI has become a top-performing altcoin for this week, but there’s a long way to go.
Conclusion
Among the altcoins, meme coins have had a better recovery this week, where a few meme coins like PAJAMAS have surged even more than 600% this week. Analysts are speculating the arrival of meme season based on the analytics of top-performing altcoins.