Tokens related to staking services, artificial intelligence (AI), and data services outperformed Bitcoin (BTC) and Ethereum (ETH) during the recent recover in the crypto market over the past seven days.
Artemis data shows that BTC and ETH registered upsides of 4.9% and 3.4%, respectively, during the past week.
Meanwhile, staking services tokens like LDO and RPL climbed 18.8% and 34.4%, respectively, totaling a weighted average of 25.7% in the same period. This is nearly double the average performance of 13.9% registered by the whole crypto industry in the past week.
AI-related tokens also bolster solid developments, reaching a weighted average of 23.8%.
Data services tokens, such as ARKM, BTT, and GRT, were also above the 20% threshold, as their weekly weighted average growth touched 23.3%.
Moreover, other sectors that surpassed the average crypto market performance were social (14.7%), bridges (15.9%), oracles (16.3%), gaming (17.7%), Bitcoin ecosystem (18.6%), and native tokens of NFT applications (19.2%).
Underperforming the market
Despite dominating nearly 12% of the crypto community mindshare, as data from Kaito AI suggests, memecoins had a weighted average growth of 13.4%.
A similar movement was registered by native tokens from decentralized finance (DeFi) applications, which dominate 15.5% of X’s mindshare, but performed below the market average in the last seven days by reaching 12.7%.
Moreover, Kaito AI highlighted that Decentralized Physical Infrastructure Networks (DePIN) tokens have been a growing narrative in crypto, leaping five-fold among crypto investors’ discussions.
Yet, it is still below the average market performance, as the sector’s weighted average valuation reached 10.4%.
First-generation blockchains, such as XRP, Bitcoin Cash (BCH), Dash (DASH), and Monero (XMR), had the worst performance over the past week. Nevertheless, they managed to grow on a weighted average of 5.9%.
Other sectors that showed recovery but failed to outperform the market’s average are real-world assets (8.6%), DEX native tokens (9.9%), centralized exchange tokens (9.9%), and smart contract platforms’ native assets (10.4%).
Mentioned in this article
from Ethereum – My Blog https://ift.tt/gtfaLnz
via IFTTT