Crypto Gainers This Week Include Optimism and NEAR Protocol

The cryptocurrency market recently witnessed a remarkable surge during the week. Optimism (OP), Injective (INJ), Stacks (STX), Sei (SEI), Solana (SOL), NEAR Protocol (NEAR) have emerged as the week’s top crypto gainers. This rally highlights the market’s dynamic nature and growth potential of the cryptocurrency market. Besides, it underscores the inherent volatility of the crypto space. Consequently, investors and enthusiasts are keenly observing these developments.

Optimism (OP)

Optimism, with a current price of $3.24, has seen a 26.35% rise. Operating as a layer-two blockchain on the Ethereum network, Optimism significantly taps into Ethereum’s security features while concurrently boosting scalability by implementing optimistic rollups. This dual advantage positions Optimism as a pivotal contributor within the Ethereum ecosystem. Moreover, the OP token has recorded a price increase of 48.12%. 

OP/USD 7-day price chart (Source: CoinMarketCap)

Injective (INJ)

Injective, with a price of $40.50, saw a 1.98% increase. This blockchain caters to finance, supporting various DeFi applications. Hence, its role in decentralized exchanges and lending protocols is crucial. In the past 7 days, the Injective has seen a price surge of 30.39%, indicating the pressure of bulls in the INJ market.

INJ/USD 7-day price chart (source: CoinMarketCap)

Stacks (STX)

Stacks, another notable gainer, is currently at $1.41. It experienced a 6.02% increase in the last 24 hours and 36.05% over the past 7 days. Stacks introduces smart contracts to Bitcoin, bridging a crucial gap in the blockchain world. Moreover, it facilitates decentralized applications using Bitcoin.

STX/USD 7-day price chart (Source: CoinMarketCap)

Sei (SEI)

SEI, the native token of Sei, has, over the last 7 days, gained 52.02% in its price. As Per CoinMarketCap, Sei’s price is $0.382990, marking a 4.53% increase in the past 24 hours. This Layer 1 blockchain offers exchanges a unique edge. Hence, it attracts significant attention in the trading sector.

SEI/USD 7-day price chart (Source: CoinMarketCap)

Solana (SOL)

Solana is priced at $95.69 and has increased by 1.81% in the last 24 hours. It stands out for its decentralized finance solutions and open-source functionality. Moreover, its focus on blockchain technology’s permissionless nature sets it apart. The SOL token has recorded a price of 28.09% in the last 7 days.

SOL/USD 7-day price chart (Source: CoinMarketCap)

NEAR Protocol (NEAR)

NEAR Protocol, priced at $3.31, has recorded a 44.35% price increase in the last 7 days.  The Ethereum competitor is a layer-one blockchain offering solutions like high transaction speeds and interoperability. Additionally, it functions as a community-run cloud computing platform.

NEAR/USD 7-day price chart (Source: CoinMarketCap)

These top gainers reflect the dynamic and evolving nature of the cryptocurrency market. Each brings unique strengths and innovations, driving the market forward. 

Read Also: Crypto Price Prediction For December 23: ETH, NEAR, SEI

✓ Share:

Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.