Weekly Recap: Meta Collab Announcement Pushes FLOW and ROSE

Only $7B fell from the industry’s total market cap in the past week, while BTC continues to hover above the $23,000 mark. Despite a seeming resurgence in the market, Bitcoin hasn't made any major moves beyond consistently failed attempts to hit $25K. After rising to $24,203 earlier this week the digital token briefly fell to $22k before recovering to roughly $24,000 at writing.

Likewise, Ethereum continues to trade beneath $2k prior to the merge in spite of an ongoing 5-week rally. The token has held steady above $1.7K and is currently trading at $1,842. Overall, the market seems torn between red and green, recording both marginal losses and gains.

Top Gainers: Celsius Leads this Week’s Gainers

Celsius (CEL)

Despite ongoing legal and financial troubles, crypto lender Celsius saw some noteworthy gains over the past week. The token went up 53.19% in seven days, courtesy of an upsurge early Tuesday morning. CEL has been climbing steadily for the past month and subsequently entered the week trading above 1 USD. However, Tuesday’s price pump saw the coin briefly leap to the $2 mark, thus hitting a three-month high. Some have attributed the rise to a recent Twitter-based short-squeeze campaign. CEL has retraced by 12.63% since then, remaining within the $1.80 range.

Flow (FLOW)

Following news of an NFT-related collaboration with Web3 platform Meta, FLOW conducted a massive rally, rising over 50% in 24 hours. The surge saw FLOW jump to $3.13, the coin’s highest point since May crossing several resistance levels along the way. With the breakout, the Flow network was one of the week’s biggest movers recording a 45.55% increase in value. At writing, FLOW is worth about $2.81.

Decred (DCR)

Self-proclaimed Bitcoin alternative DCR emerged from the shadows last week, to outperform other more popular market players. The token gained over 100% in a couple of hours, rocketing from $27.42 to $63.80. While no solid connections have been made, this came shortly after the project lead for the privacy token announced a new proposal to alter Decred’s website and messaging.

The token has fallen from its recent peak and is currently trading at $36.47. This represents a weekly growth of roughly 40% and places the token a good distance from its value prior to the bullish trend. DCR has had a good week, however, the coin still falls 84% short of its $250 record high.

Near Protocol (NEAR)

Ethereum rival Near Protocol’s native NEAR coin accumulated 22.45% in gains through the past seven days. NEAR had a brief stint in the red last week Friday but began a steady climb upwards soon after, maintaining its progress despite news of a possible breach. Late on Monday the token hit a monthly high of $5.48 and remains in the region, trading at $5.31 at writing.

Oasis Network (ROSE)

ROSE continues to ride the highs that followed its Meta partnership announcement. The Oasis Network saw its token grow roughly 17% over the past 7 days. After consolidating at the $0.080 range for most of last week, the coin climbed steadily until it hit $0.11 by mid-morning on Tuesday. At writing, ROSE is trading at $0.10, up 1.69% in the past 24 hours.

Zcash (ZEC)

Privacy coin ZEC has charted a bullish course over the last couple of days. The token started the week at $68.39 and swiftly grew to $81.33 before retracing to bounce within the $70 to $80 range. At writing, Zcash is trading at $76.56, the token is currently 51% short of its $115.67 three-month high.

Top Losers: Market Pressure Claims APE and ZEON

Bitcoin Gold (BTG)

The Bitcoin fork entered the week in the red and subsequently plunged to even lower levels. As of August 4, the token was trading at $30.38 but later fell 9.01% to hit $27.64. BTG has recovered slightly since then and has jumped 5.98% to trade at $29.73 at writing

Apecoin (APE)

Despite recording the occasional spike in value over the last few days, APE continued a rocky plunge that saw it hit a 7-day low of $6.68. The token dropped 3.70% this past week but having conducted a marginal rally, it has grown 3.33% and is currently valued at $7.10.

Gensokishi Metaverse (MV)

The native token for GameFi project Gensokishi Metaverse was one of this week’s top losers with roughly 30% in dips in 7 days. After it shot up to $0.3866 last week, MV began a steady decline that saw it hit a low of $0.2161. The token briefly rose to trade at $0.2657 yesterday, however, it has since tumbled to rest at $0.2138 presently.

Zeon (ZEON)

Zeon network entered the week in the green, riding the waves of a surge at the start of this month. Interestingly, however, the token had begun to slow in the days before. The platform’s native coin fell from a 7-day high of $0.01999 to chart a low of $0.003047 on Tuesday. ZEON continues to trade in this region and is sitting at

$0.003581 presently, up 5.53% in 24 hours.

Rari Governance Token (RGT)

NFT marketplace Rarible’s governance coin has fallen 14.79% in the past week. RGT dropped steadily throughout the past 7 days to chart a weekly low of $5.36. The coin is currently settled at 5.73 USD.