The biggest winners of this week’s Crypto Rally? MINA, Chainlink and PEPE

The crypto market is no stranger to volatility, and this week was no different. While Bitcoin has stolen the spotlight, several altcoins have also made significant moves due to the excitement generated by the recent introduction of space ETFs.

Among them is MINA, the native token of the MINA protocol, which surged nearly 120% in just one day to $0.92 on Tuesday, a price not seen since March. But the token has cooled since the recent spike.

Despite an 18% drop in the last 24 hours, MINA is up 76% for the week.

The sudden surge comes as South Korea's largest crypto exchange, Upbit, announced that it is listing the MINA-KRW (Korean Won) trading pair. Since the opening of trading, MinA has become the largest trading pair in the Korean fiat currency, accounting for up to $419 million, or 12 percent of Upbit's fiat trading volume.

Originally known as Coda Protocol, Mina is an enterprise blockchain company that used the name Coda for its protocol in September 2020 due to a legal dispute with R3.

But the underlying technology remains the same. While the Ethereum blockchain currently stands at a whopping 1.3 terabytes, according to Etherscan, Minas Blockchain – thanks to the use of zero-knowledge proofs – has a fixed size of 22KB no matter how many transactions are made to the network.

This huge difference in size makes role network synchronization a more accessible task for the average user.

Needle, Pepe and LINK follow

Other notable performances over the past seven days include INJ, Injector Protocol Native, the popular meme coin PEPE, and Chainlink's LINK.

During the period, INJ was up 51%, PEPE was up 57%, while LINK was up 50% over the same period.

Another altcoin to post high growth during the week is RUNE, the native token of the THORChain network, which has increased by 41.3%.

Bitcoin (BTC) and Ethereum (ETH), the industry's two largest cryptocurrencies, rose 19.8% and 12.9% in market value, respectively.

BTC has received a lot of attention in recent days, with the launch of the recent Bitcoin ETFs taking its price above $35,000 on Monday.

The price has been somewhat stable since then: at the time of writing, the leading cryptocurrency is trading at $34,183, down 0.7% on the previous day.