Advertisement
Here are the Altcoins That Dominated the Weekend
- The crypto market experienced a positive weekend with Bitcoin surpassing USD $48k and Ethereum over USD $2,500, while the Fear-and-Greed Index indicated sustained market greed.
- Dymension (DYM) led weekly gains with over 80%, following its mainnet launch and notable airdrop, with plans for future airdrops and availability on major exchanges.
- Beam (BEAM) saw a 47% increase, surpassing its previous all-time high with its focus on the gaming sector.
- Kaspa (KAS) recorded a 40% weekly gain, supported by its community and the innovative GHOSTDAG protocol, enabling faster and more scalable transactions.
Although things are slowing down a little, the crypto market had a good weekend, and most assets rallied. Bitcoin (BTC) moved past the USD $48k (AUD $73,900) mark, and Ethereum (ETH) surpassed USD $2,500 (AUD $3,844). Meanwhile, the Fear-and-Greed Index remains firmly in Greed territory.
However, while BTC gained 13% and ETH 9.5% in the past week, we also saw some coins that gained a lot more – here are the week’s top performers.
Dymension (DYM)
DYM, which is actually down 3.37% in the past 24 hours, has overall gained over 80% in the past week. The Dymension mainnet only went live less than a week ago – marking one of 2024’s most impressive airdrops so far, only exceeded by the Jupiter (JUP) airdrop.
Dymension has plans for further airdrops and can be traded at major exchanges such as Binance, ByBit, Kraken and Swyftx.
Beam (BEAM)
The second-highest gainer of the week is Beam (BEAM), with an impressive 47% increase week-on-week. Beam even surpassed its previous all-time high from December 2023, when it reached USD $0.0265 (AUD $0.0394), currently Beam trades hands for USD $0.0249 (AUD $0.0381).
The BEAM token is the cornerstone of the Beam network, an engaging gaming ecosystem supported by the Merit Circle DAO, aiming to bring together developers and gamers for joint progress in the gaming sector. At the core of Beam’s innovation is the Beam SDK, which equips developers with the means to embed blockchain functionalities into their games.
Kaspa (KAS)
Beam beat Kaspa (KAS) only by 7%, arguably not a huge difference in crypto – but overall KAS is up 40% week-on-week.
The decentralised, secure and scalable Kaspa network has a solid fan base and community which supports the unique project.
For these supporters the GHOSTDAG (Greedy Heaviest Observed Subtree Directed Acyclic Graph) protocol is one of the main outstanding features of Kaspa. Unlike traditional blockchain systems that use a single chain of blocks, Kaspa uses a DAG (Directed Acyclic Graph) structure. This allows for blocks to be added in parallel, which speeds up the network and increases its capacity.
Author
Aaron Feuerstein
Aaron Feuerstein is a freelance writer based in Melbourne. His focus is on decentralised finance and the regulatory space surrounding blockchain. He holds a Master's in Accounting. When he is not studying the latest legal case, he enjoys his time as a modest but eager hobby cook.
