Top Altcoins with the Best Weekly Gain: BAT, GRT & APE
Despite the price fall experienced by the digital currency ecosystem in the past week, a rejuvenation was recorded for the better part of this week.
Trailing the upshot, the global crypto market cap soared to a high of $1.837 trillion amidst a soaring upshoot in Bitcoin (BTC) and Ethereum (ETH), both of which control over 60% of the crypto industry.
Despite the headway BTC and ETH recorded in the past week, a number of altcoins saw more impressive growths. These altcoins with the most remarkable growth are showcased below.
Basic Attention Token (BAT)
Basic Attention Token is the token that powers a new blockchain-based digital advertising platform designed to fairly reward users for their attention while providing advertisers with a better return on their ad spend.
Despite its low price currently pegged at $0.8496, up 3.46% in the past 24 hours, the token has always maintained a reputation as one of the most resilient altcoins amidst market surges. This week, BAT has recorded a 25.46% growth over the trailing 7-day period, placing it as one of the top earners for the week.
The Graph (GRT)
Despite shedding off as much as 6% of its accrued gains to be changing hands at $0.4096, the Graph remains one of the top earners for the week.
The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both Decentralized Finance (DeFi) and the broader Web3 ecosystem. During the week under review, the digital token has soared to a high of $0.4556 and has maintained a 26.84% growth within the same period.
ApeCoin is arguably one of the newest sensations in town. Its debut, despite being filled with a lot of communal upheavals, APE is by far the biggest earner for the week, surging by over 713% at the time of writing to $8.46 after topping a daily high of $39.40 after making its debut on the Binance trading platform.
APE is designed to be a governance token launched by Yuga Labs, the startup that founded the Bored Ape Yacht Club (BAYC) NFT collection and now has the IP rights to the CryptoPunks collection. The large community surrounding the BAYC collection stirred the massive embrace of the APE coin.
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