Weekly Market Review: PEPE, BONK, HBAR, NEAR, TRX

This week has also been an eventful one for crypto, as evidenced by price movements of different coins in the space. With the halving event recently, a couple of coins reacted positively while quite a number also responded negatively to the event.

Pepe Price Review

Pepe (PEPE) is this week’s top gainer, as seen from its price movements over the past seven days. As of press time, Pepe, trading at $0.000007383, had seen a 21% pump from its previous seven-day price, as its market cap stood at $3.1B during the same period.

Pepe’s recent surge can be attributed to recent events in the community at the beginning of the week. On April 23, Coinbase announced that their 1000PEPE-PERP market was in full-trading mode on Coinbase International Exchange and Coinbase Advanced. This event has since sparked interest in the meme coin, which has caused a rise this week.

Bonk Price Review

Bonk (BONK) emerges as this week’s second top gainer as meme coins steal the spotlight. As of press time, Bonk, trading at $0.00002518, had seen an 18% pump from its previous seven-day price, as its market cap stood at $1.6B during the same period.

Bonk’s price surge this week can be attributed to a couple of events that happened over the week involving Bonk that might have stirred an interest in the meme coin. Earlier this week, Bonk donated $12,193 to animal nonprofits in March ahead of the fashion show scheduled over the past week.

Hedera Price Review

Hedera (HBAR) is another gainer in today’s session, posting some remarkable gains. At the time of writing, Hedera, trading at $0.1041, had seen a 14.9% pump from its previous seven-day price, as its market cap stood at $3.7B during the same period.

This week, the glorious pump on the Hedera price can be attributed to its recent announcements, which might have stirred some enthusiasm in the token’s community. In collaboration with TheBlockFoundation, Hedera announced the launch of an Educational Learning Briefing Series aimed at educating the market on April 26, guiding effective policy, empowering institutions exploring blockchain, and advancing responsible innovation within web3.

NEAR Protocol Price Review

NEAR Protocol (NEAR) is also among the top gainers in today’s session, as evidenced by its price movements. At the time of writing, NEAR Protocol, trading at $7.25, had seen a 13.5% pump from its previous seven-day price, as its market cap stood at $3.7B during the same period.

The recent pump over the seven days can be attributed to a recent partnership by the protocol that contributed some optimism to the token. On April 25, the NEAR Foundation announced a collaboration with LuloX, a pioneering Colombian fintech firm, and Peersyst, to launch a stablecoin on NEAR to broaden economic perspectives within Web3 throughout LatAm.

The NEAR Foundation partners with LuloX, a pioneering Colombian fintech firm, and @Peersyst, to launch a stablecoin on NEAR to broaden economic perspectives within Web3 throughout LatAm.

Get the full run down:https://t.co/XhLdJSYxe9 pic.twitter.com/FVfmjVJgWv
— NEAR Protocol (@NEARProtocol) April 25, 2024

Tron Price Review

Tron (TRX) is another gainer in this week’s session, boasting some notable gains over the period. At the time of writing, Tron, trading at $0.1213, had seen a 9% pump from its previous seven-day price, as its market cap stood at $10.6B during the same period.

Tron’s surge over the week can be attributed to the supply of stablecoins on Tron. According to data from Messari, the supply of stablecoins on TRON reached over $50B in Q1. Revenue was recorded at 7.