This Week in Coins: Bitcoin Slumps, Gaming Tokens Burn as Tons Rise

This week the euphoria surrounding interest rates, crypto leverage and ETF flows has proven to be still negative for t.He The price of Bitcoin this week.

The leading cryptocurrency fell to $65,018 before entering the weekend at $66,088. That's down 4.7% for the week—although Allianz Bernstein predicted yesterday that BTC could reach $200,000 next year.

Despite SEC Chairman Gary Gensler, Ethereum (ETH) fell 4% to $3,538 in the same period. Confirmation Ethereum ETFs will be here soon.

Amidst such lackluster performances, it was Toncoin (Ton) that stole the show this week, rising to a new all-time high of $8.25 by late Friday. The Telegram-linked coin is now up 8% over the past week (and 17% over the past 30 days) and has crossed the weekend into the ninth largest crypto by market cap at $19.4 billion.

The rally is guaranteed: Toncoin is the Open Network currency that overtook Ethereum in May in terms of daily active addresses. 547,000 on Thursday Compared to Ethereum 407,000.

Many tons of coins are collected in the center of the noise. Telegram based clicker game Notcoin (not) It rose 20% on Friday.It carried momentum after reaching 35 million users in March. Hamster Kombat—another toon-based clicker game—hit 100 million players Last week and made his own plan Launch token for next month.

Telegram's next victim in the market cap is Dogecoin (DOGE), which is down 7.5% this week to a market value of $19.7 billion.

Most of the alt and other meme coins have fallen significantly along with the big copy coins, namely NEAR (down 18%), PEPE (down 8%) and Dogwifhat (down 14%). Bitcoin's Layer-2 platform stack (STX) added 11% on Friday—down 19% for the week—after the network Could not produce a block For nine hours straight.

And Roaring Kitty though He doubles his share On Friday, GameStop, meme stock, and related Solana-based meme coin, GME, are down.

These were some of the worst hit marks this week. Game symbols: Ethereum L2-based RPG Guardians (GOG) is down 46% to $0.10 for the week, while the Parallel PRIME token is down 37% to around $10.

As usual, this week massive Bitcoin whale micro strategy (MSTR) stock is down 6% against Bitcoin. However, members of the upcoming ‘mini micro-strategies'—other companies that take bitcoin as their primary treasury asset—in MetaPlanet 9.76% and Semler Scientific (SMLR) It's up 17 percent.

Of that group, the biggest gainer so far is a Canadian-based crypto fund provider. DeFi Technologies (DEFI). The company's stock fell 50% after Bitcoin Treasury announced its strategy on Monday.

Edited by Ryan Ozawa.