The crypto market stays beneath strain, with Bitcoin and most altcoins falling right into a bear market. Bitcoin value has dropped from $126,200 in October, whereas XRP has dropped by over 40% from its highest stage this yr.
This text explores a number of the high crypto tokens to observe this week, together with high tokens like Starknet (STRK), Sei (SEI), Aster (ASTER), Zebec Community (ZBCN), Cronos (CRO), and Pudgy Penguins (PENGU).
Starknet (STRK)
Starknet is a high crypto platform with over $290 million in whole worth locked (TVL) and $128 million in stablecoin provide. Its objective is to create an energetic DeFi layer for Bitcoin, the trade’s largest cryptocurrency.
Starknet value has crashed by 60% from its highest stage this yr and is now hovering close to its lowest stage since November 7.
The STRK token will likely be within the highlight this week because the community unlocks 163 million cash value over $16 million, or 1.63% of the market cap. In accordance with CoinMarketCap, the community has already unlocked 47% of its tokens thus far.
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Sei (SEI)
Sei is one other high crypto to observe this week because the community unlocks 121 million tokens value over $15.27 million. It has unlocked 63% of its whole provide, which possible explains why the token has crashed to $0.1260, down 67% from its September excessive.
Sei value has crashed regardless of its rising market share within the gaming trade, the place it has develop into the largest participant with hundreds of thousands of customers from world wide.
Nevertheless, the community has struggled in different areas up to now few months. For instance, the entire worth locked (TVL) in its community has dropped by 22% within the final 30 days, whereas its stablecoin provide stays at $86 million.
Aster (ASTER)
Aster is one other high crypto to observe this week, as its position within the trade continues to develop. For instance, it has develop into the most important participant within the perpetual DEX trade, surpassing Hyperliquid, an organization that just lately dominated.
Aster Community processed $259 billion in quantity in November and has already processed transactions totaling over $97 billion this month.
The Aster token will likely be within the highlight this week because it unlocks 200 million ASTER tokens value $190 million. It has a protracted approach to go because it has solely unlocked 29% of the availability.
On the constructive facet, Aster sometimes offsets token unlocks with burns, eradicating some tokens from circulation. It additionally buys millions of ASTER tokens per week.
READ MORE: Pyth Network Plans Chainlink-Like Treasury Reserve Amid Token Slide
Zebec Community (ZBCN)
Zebec Community value has been in a powerful downward development up to now few months, transferring from a excessive of $0.0071 in Might to the present $0.0026. This crash occurred because the hype surrounding the community earlier this yr waned.
One more reason for the ZBCN value crash is that the community has continued to unlock extra tokens, rising its provide. One other 1 billion ZBCN tokens will likely be unlocked on Monday.
Not like the opposite tokens listed right here, Zebec is about to finish the unlocks now that it has launched 90% of its tokens. Consequently, the token might rebound as soon as the availability improve ends.
Cronos (CRO) and Pudgy Penguins (PENGU) Are the Different Prime Crypto To Watch
The opposite high crypto tokens to observe this week will likely be Cronos and Pudgy Penguins, which is able to unlock 1.17 billion and 6.51 billion tokens, respectively.
CRO has unlocked simply 9% of its tokens due to a vote earlier this yr that reversed a large token burn from a number of years in the past.
Pudgy Penguins, alternatively, has unlocked 70% of its tokens. A number of the different high tokens to observe this week will likely be Lombard, Merlin Chain, and LayerZero.
