While the majority of the cryptocurrency market is back to swimming in the sea of red as it continues to feel the aftershocks of the FTX collapse, some digital assets have remained strong and even recorded double-digit weekly gains as others have struggled.
In particular, the top three cryptocurrencies by price increases on their weekly charts, among the 100 largest coins by market capitalization, are Toncoin (TON), OKB (OKB), and XDC Network (XDC), according to the results recorded by the crypto tracking platform CoinMarketCap on December 16.
Secret to resilience
The Telegram-backed Toncoin owes its success to the positive developments it had in recent days, including the announcement of the TON/USDT pair for futures trading on the gate.io exchange, DefiLlama’s tracking, and hardware wallet SafePal’s introduction of TON support.
At press time, Toncoin was trading at the price of $2.31, down 2.26% on the day, but up as much as 27.03% across the previous seven days, with a market cap of $2.82 billion as the 22nd-biggest digital asset, as per the charts retrieved by Finbold on December 16.
A token native to the OKB blockchain and crypto exchange OKX, OKB has been steadily growing over the previous week as OKX announced the listing of the meme token Floki (FLOKI), with an additional charge after Tesla (NASDAQ: TSLA) CEO Elon Musk started following OKX’s official Twitter profile.
Indeed, OKB is currently changing hands at $23.66, up on both its daily (+4.28%) and weekly (+12.77%) charts, with a market capitalization of $1.42 billion, making it the 31st-largest cryptocurrency by this indicator among the top 100 digital assets.
Meanwhile, the recent successes of the XDC Network have given wings to its native XDC token as it saw the deployment of STATIS’s EURS stablecoin on its platform and joined a 12-week liquidity mining campaign on gate.io and KuCoin, powered by decentralized market-making bots generated on Hummingbot.
XDC’s current price is $0.0242, representing a decline of 1.93% over the previous 24 hours but an increase of 12.08% compared to seven days before, as the token’s market capitalization stands at $297.83 million, as data shows.
Whether these three top digital assets by weekly gains will retain their strength in the year to come and continue making progress throughout the challenging times like the ones that have submerged the majority of the crypto market in 2022, remains to be seen.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
