GM, and welcome to another edition of CoinStats Scoop! 🥂 Here’s an overview of this week’s newsletter:
After months of controlled insanity that have led BTC, ETH and the broad crypto to recent highs since the start of the year, this week provided some much needed relative calm across markets! 😇. That calm can be seen in the prices of BTC and ETH as both of crypto’s assets remained essentially at the same prices throughout the entire which resulted in a gain of around 1% for both of the BTC and ETH.
As usual, there were pockets of the market that benefitted more than BTC and ETH as the market continues to expand horizontally to sectors that outperform and are unaffected by the majors price action! Of course, as we’ve stated numerous times, this is a massive plus for the overall market because as the crypto market expands there should almost always naturally be sectors that uniquely benefit from the week’s developments! 🤩
This week, there wasn’t necessarily a specific sector that benefitted as tokens across DeFi, liquid staking, scaling and more all appreciated with the best performing tokens being:
While the market overview may appear shorter than usual this week, let’s just appreciate the fact that crypto can have a relatively calm week! 🤫. This week feels like it’s been one of the most calm price action wise since ~November of last year and let’s be honest, we all enjoy a calm week every now again! With that being said, while prices weren’t fluctuating much, the news and developments surrounding the continued adoption of crypto were as lively as ever! 🤑
