The cryptocurrency market witnessed a significant rebound last week, ably supported by leading memecoins and Telegram-linked Toncoin.
What happened: BNX, the native token of the GameFi platform BinaryX, topped the gainers list, exploding over 60% over the week.
The BNB Chain (CRYPTO: BNB)-based coin was just 10% away from bettering its all-time high set two years ago.
The rally came ahead of the project's rebranding to Four (FORM) to align with its newest product, Four.meme, an ecosystem for meme coins.
Toncoin, the native token of The Open Network, was the second most successful cryptocurrency over the week, returning over 34% to its holders.
The decentralized exchange token CAKE followed with a 30% spike last week, aided by an 11% weekly increase in volumes on PancakeSwap.
Market leader Bitcoin (CRYPTO: BTC) eked out a gain of 1.10%, while Ethereum (CRYPTO: ETH), the second-largest cryptocurrency, fell more than 8% in a week.
The total cryptocurrency market capitalization rose 4.5% over the week to $2.71 trillion.
Photo by Avi Rozen on Shutterstock
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