Week 42: Among the top 20 cryptos, Shiba Inu (SHIB), Solana (SOL) and Avalanche (AVAX) are the best performers of the week.
This week was marked by the new ATH reached by Bitcoin, the No. 1 crypto in the world. And yet, despite appearances, Bitcoin is not the best performing crypto of the week! Over the last 7 days, BTC is even down 2 points. So who has done better than Bitcoin this week? These are Shiba Inu, Solana and Avalanche.
SHIBA INU (SHIB)
Already leading the podium two weeks ago, the Shiba Inu then took a short break. But that was only to get off to a better start! The price of the Shiba Inu has clearly taken off again this week, with a 62% increase in 7 days. Moreover, this progression allows the SHIB to win a new ATH at 0.00003815 €!
The Shiba Inu bull run therefore continues and pushes up the same corner in the world rankings. Two weeks ago, it was just on the doorstep of the elites by being the 20th largest crypto in the world. Today it is moved up to 11th place, between USD Coin and Terra.
The Solana took second place on the podium this week. The price of SOL had started a bullish period on October 12 following its listing on eToro. Over the last 7 days, the Solana has totaled a increase of more than 13%.
Today at the 6th place in global cryptos, Solana is getting closer to its longtime competitor, Ethereum (2nd place). Admittedly, there remains a ratio of 1 to 10 between the capitalizations of these two cryptos (49 billion euros for Solana, 410 billion for Ethereum). However, the Solana has serious arguments to give ETH a hard time!
Avalanche is often presented as an “Ethereum killer”, just like Solana for that matter. The AVAX price posted a nice increase of more than 11% over the last 7 days.
The rise in the price of AVAX was undoubtedly helped by its listing on Coinbase at the beginning of October. Despite this, the AVAX price is today around € 55, which remains below its ATH of € 68 reached on September 23.
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