Trump Media Partnership Ensured Crypto.Com's Native Token Bucked Bitcoin, Ethereum Downsides With 21% Rally Last Week — Here's What Else Popped
The cryptocurrency market shrank considerably last week due to an uncertain macroeconomic environment, although a few lesser-known coins netted significant returns.
What happened: CRO, the native token of cryptocurrency exchange Crypto.com, topped the gainers list with a 21.89% rally last week.
The upsurge was built on the exchange's partnership with President Donald Trump-owned Trump Media and Technology Group to launch exchange-traded funds. Later that week, the firm declared the end of an SEC enforcement action, which boosted the token’s value further.
ZEC, a privacy-focused cryptocurrency, narrowly trailed CRO, as it too surged over 21% last week. Interestingly, the coin is built on Bitcoin's (CRYPTO: BTC) codebase and also has a fixed supply of 21 million like the apex cryptocurrency.
FORM, the token of the newly-branded GameFi network Four, ranked third on the weekly gainers list. The coin hit an all-time high of $2.62 last week amid growing interest around its newest product, Four.meme, an ecosystem for meme coins.
See Also: Shiba Inu Attracts More Diamond Hands Than Bitcoin, Ethereum But Is High Whale Concentration Something To Lose Sleep Over?
Elsewhere, the sentiment was gloomy. Bitcoin lost over 5% of its value, and Ethereum (CRYPTO: ETH) reeled under double-digit losses.
Top altcoins such as XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) also had declines of 14.83% and 10.06%, respectively.
Comparatively, meme heavyweights Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) were less damaged, falling 5.80% and 5.75%, respectively.
Risk appetite has shrunk ahead of President Donald Trump’s tariff “Liberation Day,” with cryptocurrencies following declines in equities.
The total cryptocurrency market capitalization contracted 6% over the week to $2.64 trillion.
Photo by CMP_NZ on Shutterstock
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