The global cryptocurrency market had an eventful week as volatility drew a bearish turn at the start of the week, after which the volatility and downturn turned into impressive gains in the end.

Since most cryptocurrencies are closely related to Bitcoin, the rise and fall in the price of the first cryptocurrency has been reflected in other cryptocurrencies as well.

While Bitcoin’s weekly rally is up to 24%, it appears to be much less than the gains collected by other altcoins.

Bitcoin hit a new all-time high this week and is expected to rise above $50K soon.

Other cryptocurrencies have also seen dramatic gains this week.

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Where the Binance coin (BNB) rose and reached a new all-time high, reaching $148.07, according to “CoinMarketCap”, meaning that it achieved a weekly growth of 105.10%.

But there are some digital currencies that have risen by much more than the rate of the rise of Binance currency, we have chosen three of them among the top 100 cryptocurrencies in terms of total market capitalization, which are as follows:

1- “GRT” currency:

GRT is a digital currency affiliated with The Graph project that offers an indexing protocol to query data for networks such as Ethereum and IPFS, powering numerous applications in both the DeFi arena and the broader Web3 ecosystem.

The coin had an impressive showing this week, posting a growth of 150.89% at the time of writing this article.

The total market value of the “GRT” coin is estimated at $2.95 billion, at $2.17 per unit, which is about 23% lower than the high recorded in the previous two days.

2- BTT currency:

BTT is a cryptocurrency affiliated with the BitTorrent project and it is one of the low-priced cryptocurrencies.

BTT managed to post a massive weekly gain of 157.21%.

Read:What happened with Solana’s mainnet “SOL”?

The digital currency “BTT” is backed by Mr. Justin Sun, founder of “Tron”, whose company acquired “BitTorrent” earlier.

BitTorrent has the importance of serving as a peer-to-peer (P2P) file sharing platform that is being worked on to become more decentralized.

The price of “BTT” coin at the time of writing this article is currently $0.0012, and the low price comes as one of the highest prices of “BTT” since its inception in 2019 after it was acquired by Tron.

3- “AVAX” coin:

Project Avalanche cryptocurrency is the best performer this week among the top 100 cryptocurrencies by total market capitalization.

Has risen The price of the digital currency “AVAX” increased by 203.54% in the last weekly period, after which the price decreased and this percentage decreased to 136%.

Project Avalanche seeks to be like a global asset exchange, allowing anyone to launch or trade any form of asset and control it in a decentralized manner using smart contracts and other cutting-edge technologies.

Read:Bitcoin stumbles at $48,000 as bulls regroup… Will the coin continue towards $52,000?

It appears that the digital currency “AVAX”, which is associated with this ambitious project, has the support of investors and holders of the currency (hodler) alike.

Crypto market developments:

As we indicated at the beginning of the article, the crypto market is characterized by volatility and volatility, and it is still not regulated yet, fluctuations can make the price of these digital currencies unstable, as prices have changed dramatically throughout the week, there may be new turns that herald new transformations for the emerging crypto market .

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