Ramazan Eles 
As we entered the last week of July, the cryptocurrency market experienced a notable downturn, peaking on August 5. This drop was heavily influenced by the severe economic crisis in Japan and geopolitical tensions in the Middle East. While Bitcoin initially bore the brunt of this decline, altcoins soon followed suit. However, over the past 20 days, Bitcoin managed to climb back to the $65,000 level, sparking a noticeable recovery in altcoins as well. Let’s take a look at the top-performing altcoins of the past week.
Popcat (POPCAT) Takes the Top Spot
The Solana network has been a breeding ground for new meme coins over the past year, and the latest star to emerge is none other than POPCAT. The recent rally in POPCAT’s price has catapulted it into the top 100 cryptocurrencies, solidifying its place in the spotlight.
Despite a 4.88% drop in the past 24 hours, POPCAT’s value has surged by 69.45% over the last seven days, bringing its price to $0.7181. Even with the recent dip, POPCAT boasts a market cap of $703 million, ranking it at 87th place.
Additionally, POPCAT’s trading volume saw a sharp decline of 65%, settling at $95 million. As of this writing, POPCAT holds the 8th position among meme coins, just above another Solana meme coin, BOME.
FET’s Price Raises Questions
Formerly known as Fetch.ai, FET underwent a rebranding and emerged as the Artificial Superintelligence Alliance. It continues to hold the 4th spot among AI tokens, largely due to its impressive 43.12% gain over the past week.
Despite this strong performance, FET’s price has seen a noticeable 4.80% decline in the last 24 hours, suggesting that some investors may be taking profits. The token is currently trading at $1.20. With a market cap of $3 billion, FET ranks 29th on CoinMarketCap, and its 24-hour trading volume stands at $193.4 million.
SATS (1000SATS) Makes a Comeback
SATS (1000SATS), a token created in honor of Satoshi and one of the leading projects on the Bitcoin network, also emerged as a winner this week. After a 38.98% increase over the past seven days, SATS settled at $0.0003952.
SATS has been a frequent topic of discussion throughout the week, although recent charts indicate a 1.19% drop in the last 24 hours. The token’s market cap has risen to $829 million, with a trading volume of $176.6 million.
Whether SATS will continue its upward trajectory or if investors will begin selling to take profits remains to be seen in the coming days.
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