The $100 billion crypto price boom has seen these coins leave Bitcoin and Ethereum in the dust

Bitcoin
BTC
and ethereum, the two largest cryptocurrencies by a wide margin, jumped higher this week—helping add about $100 billion to the combined crypto market.

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The price of bitcoin added 12% this past week, with the price of ethereum adding a similar amount as the predicted market quake rocked the stock and crypto markets.

However, the gains of bitcoin and ethereum pale in comparison to the gains of some smaller cryptocurrencies this week (including the meme-based viral challenger Dogecoin).

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“Investors are hoping the bear market will end with the start of the new calendar year,” Alex Kuptsikevich, FxPro senior market analyst, said in emailed comments.

Ethereum’s two main rivals, cardano and solana, have each jumped more than 20% since this time last week. Saltworks
SALT
which suffered the consequences of the FTX collapse due to its close ties to founder Sam Bankman-Fried, is back within reach of the top ten cryptocurrencies, as measured by CoinMarketCap.

Further down the ladder, another ethereum rival that arose from the ashes of Facebook’s failed digital currency, aptos, jumped 30%, nearly doubling its price in a week.

Gala
GALA
, the cryptocurrency associated with blockchain-based gaming platform Gala Games, has more than doubled in price after the network’s developers announced via Twitter that Gala Games is partnering with Hollywood A-listers Dwayne “The Rock” Johnson and Mark Wahlberg. The post was then deleted without explanation, but the gala kept most of its winnings – said a representative of the Gala Games Coindesk the set was not related to the deleted post.

Lido DAO
DAO
, Lido Finance’s native cryptocurrency, has added 50% over the past seven days as traders bet it will be a beneficiary of the upcoming Shanghai Ethereum upgrade that will allow users to withdraw their invested Ethereum. The upgrade, ethereum’s first major update since its long-awaited switch from bitcoin’s proof-of-work to the more energy-efficient proof-of-stake, is scheduled for March.

Avalanche’s avax jumped 35% after developer Ava Labs announced it will offer crypto infrastructure through Amazon Web Services (AWS) with the goal of facilitating “blockchain adoption in enterprises, institutions and government.”

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Despite the rise in the prices of bitcoin, ethereum and the broader rise in the price of cryptocurrencies, market watchers remain nervous that more volatility could be on the way.

“Bitcoin and other major cryptocurrencies traded in a narrow range for most of the month,” Michael Safai of Dexterity Capital said in an emailed note.

“Cooling inflation and a slower news cycle allow cryptocurrencies to break some of that correlation with stocks and global macro that drove prices in 2022. Any recovery will continue to be a long, slow march, and sensitivity to the main risk remains. It is likely, however, that we there are still a few major upheavals left in cryptocurrency, with some bankruptcies to be resolved and other companies still struggling to stay solvent. This will have a bigger impact on prices over the next few months.”

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