So far, Ethher (ETH) does not exceed the $ 4,000 barrier.
Compux (CFX), Tazos (XTZ) and Floki (Floki) lead the weekly ascent.
The price of Ether (ETH), the native cryptocurrency of Ethereum, is having difficulty crossing the $ 4,000 barrier, a resistance that the asset has faced four times since 2024.
At the time of publication of this note, Ether’s price remains above $ 3,70023% below its historical maximum (ATH) of $ 4,890.
While Ethereum’s currency takes a respite to recover the impulse, investors’ money begins to flow to other lower capitalization projects, which suggests that the market is in phase 3.
As Cryptonotics reported, this cycle is divided as follows: Phase 1 is characterized by a strong demand for Bitcoin (BTC), whose price is triggered towards historical maximums (ATH)
The next stage, or phase 2, begins once the price of the currency created by Satoshi Nakamoto remains at high levels. Its good performance expands interest towards the rest of the market and awakens the appetite for risk. It is then when money flows towards ETH, the most valuable cryptocurrency in the market, with the aim of obtaining greater returns.
This is when there is a reduction in the BTC domain within the total market capitalization.
Phase 3 of the cycle begins once ETH wins traction. At this stage, capital begins to rotate towards other cryptocurrencies of great capitalization, such as XRP or Solana (Sol), which reflects a growing enthusiasm among investors.
As this enthusiasm becomes euphoria, the cycle advances towards phase 4, where the lowest capitalization projects are triggered without the need for clear foundations. It is a fast -gains stage, but also high risks.
If we take into account the described cycle, everything indicates that the market is traveling the third phase. In this context, converge (CFX), Tazos (XTZ) and Floki (Floki) won impulse and stand out as digital assets with better weekly performance within the top 100 for market capitalization, as seen in the following image of Coinmarketcap.
The Comúx network token records a 95% rise in the last 7 days, a performance that allows it to be located as the asset with the best performance. One of the factors that drives the price of CFX is that the team behind the project revealed its collaboration with Anchorx and EastCompeace Technology To broadcast a stablecoin linked to Yuan in its version Offshore, destined for trade outside of China.
As reported by Cryptonotics, the idea is that the stable currency is implemented in the countries that are part of the Strip and the Route initiative. This project, led by China, seeks to boost trade and infrastructure development in various regions, including countries such as Pakistan, Sri Lanka, Kenya and Malaysia. The initiative aims to facilitate cross -border transactions in strategic areas to strengthen economic connectivity.
On the other hand, it was confirmed that in August it will be the launch of Compux 3.0, an update that promises to improve the speed of transaction and facilitate the massive liquidation of international and active payments of the real world.
This news, together with the fact that the market is in phase 4, promoted the price of CFX above $ 0.19.
As for Tazos, its good performance is also explained by The launch of Etherlink, a layer 2 (L2) solution compatible with the Virtual Machine Ethereum (EVM)which facilitates the creation of decentralized applications (DAPPS) and allows faster and more economic transactions when processing part of the load outside the main network (L1).
For its part, the price of Floki is driven thanks to the expansion of Valhalla, an online multiplayer role -based role -based role -based network, a second layer chain (L2) built on the BNB Chain, the network created by Binance.
As more players participate, carry out transactions and coining non -fungible tokens (NFT) within the game, the demand for floki increases, which drives its market value.
