This week has been a positive one for meme coins as they emerge as some of the top gainers of the week. The surge in prices can be attributed to the April CPI report, which indicated a decrease in core inflation last month while retail sales fell more than anticipated.
Chainlink Price Update
Chainlink (LINK) has been the standout gainer this week based on its price movements. Currently priced at $16.70, Chainlink has witnessed a 22% increase from its price seven days ago, with a market cap of $9.8B during the same period.
The rise in Chainlink’s price this week can be linked to its collaboration with RapidAddition. This partnership allows institutional firms to engage with a variety of tokenized assets through a FIX-native blockchain adapter powered by Chainlink’s CCIP, which potentially boosted investor confidence.
The Fantom Price Surge
Fantom (FTM) has also experienced significant gains this week. Priced at $0.8797, Fantom has seen a 20.03% increase from its price seven days ago, with a market cap of $2.4B during the same period.
The spike in Fantom’s price can be attributed to the recent upgrade of the FantomIndia validator node to Sonic tech. This development has likely generated more interest from investors, leading to the price surge.
Bonk’s Price Rally
Bonk (BONK) has emerged as one of the top gainers this week based on its price movements. Trading at $0.0000271, Bonk has witnessed a 17.76% increase from its price seven days ago, with a market cap of $1.7B during the same period.
Bonk’s price surge can be attributed to the ongoing meme coin supercycle, which has seen a rise in several meme coins, consequently impacting Bonk’s price positively this week.
Floki’s Recent Surge
Floki (FLOKI) has also seen a notable increase in price this week. Priced at $0.0002004, Floki has experienced an 18% rise from its price seven days ago, with a market cap of $1.9B during the same period.
The recent surge in Floki’s price can be linked to the decision by the Floki DAO to burn 15,246,000,000 $FLOKI tokens. A significant majority of 99.84% voted in favor of the burn, leading to the price increase.
JasmyCoin’s Price Pump
JasmyCoin (JASMY) has also seen gains over the past seven days based on its price movements. Currently trading at $0.02017, JasmyCoin has witnessed a 13.6% increase from its price seven days ago, with a market cap of $994M during the same period.
The recent surge in JasmyCoin’s price can be attributed to the announcement of Jasmy’s Incubated program. This initiative has sparked increased interest in the token, resulting in a price increase.