The cryptocurrency market saw healthy expansion last week, powered by the AI-based World Token and meme heavyweights such as Dogecoin and Bonk.
AI-Based Token Steals Spotlight
WLD, the native currency of the Sam Altman-founded World network, rallied 33% last week, after Eightco Holdings Inc.(NASDAQ:OCTO) adopted it as its primary reserve asset.
Influential Wall Street tech analyst Dan Ives expressed optimism about the identity verification project's long-term potential, and was appointed as chairman of the company's board.
See Also: Shiba Inu’s Layer-2 Network Breached, Over $1 Million Each in Ethereum, SHIB Stolen: How It Was Done
What’s Up With DOGE, AVAX & SOL?
Dogecoin jumped nearly 20%, driven by excitement over the upcoming exchange-traded fund listing. According to Bloomberg Analyst Eric Balchunas, the ETFs may launch later this week.
AVAX bounced over 18% after reports emerged that the Avalanche Foundation is planning to establish two cryptocurrency treasury companies in the U.S.
Solana, the fifth-largest cryptocurrency by market capitalization, lifted 16%, fueled by ETF expectations and accelerating purchases for corporate treasuries.
Meanwhile, Solana-based canine meme coin Bonk gained 13%. Market heavyweights Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) also capped the week in the green, up 4% and 7.38%, respectively.
The overall cryptocurrency market capitalization grew 5.2% in the last week to $4.04 trillion.
Photo Courtesy: Dennis Diatel on Shutterstock.com
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