Crypto Assets Soar: Bitway Tops Weekly Gains with 76% Surge, Lisk Explodes 1,800%
The top cryptocurrencies by weekly gains saw significant increases between September 7 and 13, with Bitway (BTW) leading the pack at a whopping 76.28% rise.
This put its market cap at $2.12 billion, according to CoinMarketCap. Other notable gainers included Venice Token (VVV), Filecoin (FIL), and Raydium (RAY).
The price surge was largely attributed to high activity in the derivatives market and on-chain token movements. An X user linked BTW's rapid rise to futures open interest and whale wallets transferring assets to Gate, which announced token futures.
Lisk (LSK) saw a remarkable 1,800% increase over just a few days, with its price jumping from $0.1 to $2. Analysts attributed this surge to the project team's announcement of winding down its own network and users migrating assets to Ethereum by October 31.
Experts suggest that the abnormal spike in LSK is driven by artificial liquidity creation needed for a smooth capital exit from the network.