The cryptocurrency market spent a week with generalized losses. Sales pressure affected both Bitcoin (BTC) and major cryptocurrencies in the middle of a scenario marked by liquidation and warning signs.
BTC retreated 8.55% in seven days, moving from its record maximum of $124,000 to $114,025. Ethher (Eth), the cryptocurrency of the Ethereum Network, lost 8.76% in the same period, cited for $4,300. Meanwhile, Ripple Labs’ cryptocurrency XRP fell 10% to $2.92.
Set date has been extended to most digital assets of great capitalization, We have seen a wide range of revisions in contrast to the optimism of the previous weeks.
In that waterfall context, a small cryptocurrency group exhibited different behavior. The market has generally been back down, Three cryptoactives have advanced with power: okb, Exchange okx; mantle (MNT); and ab. These currencies resisted bear pressure with increased growth associated with the same week.
OKB rose 67.11% over seven days, up at $173 at the end of this report. MNT thanked 21% over the same period, reaching $1.37. AB registered a 17.3% increase to $0.009600.
These variations contrast with generalized market declines and address the fundamental reasons behind each project. what are they?
Translated into a burning impulse
In the case of OKB, the climb is associated with the burning of 65.2 million tokens created by Exchange OKX. The process reduced the total supply of OKB to up to 21 million, reported Cryptootics.
The burn represented 50% of the supply accumulated from the Treasury and previous buybacks. The token was transferred to the address without the possibility of recovery known as “black holes.”
This announcement has increased the minutes by 150% And we have integrated the trends that are still maintainedas seen in the following TradingView price graph.
It must be taken into consideration that OKX is the fifth largest exchange in the world by commercial volume and one of the largest types of services. Therefore, the reduction in offers has resulted in immediate adjustments in the market. This explains a sustained reevaluation of OKB this week.
Facility Advertising
As for MNT, impulses came from several institutional advertising. Coinbase, the largest cryptocurrency exchange in the US, has announced that it will add compatibility with MNT’s permanent futures. The MNT-PERP market will be active on Coinbase International Exchange and Coinbase Advanced from August 21st. The move has opened the door to greater liquidity for retail and institutional traders.
Also, BYBIT, the second largest exchange by daily trade volume, contributed to this trend. The platform adjusted the MNT collateral rate of unified trading accounts and increased the power of tokens as a guarantee of loans and investments. According to the Mantle Project, This change will improve capital efficiency and integrate MNT as an on-chain reference asset.
In addition to this, two additional use cases for tokens in Exchange Bybit have been announced. The first double win at Bybit Earn is a structured product that allows users to take advantage of volatility at both market addresses. Second, The Crypto Content Creator Campus, Crypto Content Creator Campus, is an ecosystem that enables MNT payments for tools and training for content creators.
These factors have joined the launch of Liq, a liquid staking protocol that seeks to expand the usefulness of tokens. This project will improve performance and liquidity. This is a factor that is considered the basis of mantle development in the long term.
All of the above adds other essential aspects, such as the amble network activity being triggered for a month. According to Dune Analytics data, a The number of active daily users on that network increases by 3,000% In 4 weeks. Furthermore, the total block value of the mantle is the historic maximum, meaning an increase in defi activity for that protocol.
All of this has led to a constant price increase this week, as can be seen in the following graph.
List of large exchanges
Meanwhile, cryptocurrency AB showed a sustained increase caused by the initiation of operations at Kraken. Since August 7th, this exchange (one of the longest on the market) has restricted deposits and orders at AB. The full transaction began on August 8th with AB/USD and AB/EUR pairs. This encouraged direct purchases in the dollar and euros.
Kraken is a veteran exchange, recognized for safety and regulatory compliance in the US, and is currently preparing IAS with NASDAQ. This integration Accessed AB to a wider international audience and gave a higher level of liquiditythey say from the AB DAO organization responsible for its cryptographic actions.
Other initiatives have been added to Kraken’s quote. AB DAO has launched a celebration event with raffles worth 2,000 USDT on Tokens AB. Additionally, he has announced version 1.6 of the AB wallet. The update included BTC support, improved interoperability with WalletConnect Deplink, and optimizing backup copies on iOS operating systems. He also solved technical issues from previous versions. These factors strengthened trust in ecosystems and attracted new demand for tokens.
As you can see in the following graphics, these fundamental factors promoted AB prices in one week.
Counter Current
The data shows that in the middle of a bearish scenario, some assets have even gone further when they maintain their prices and have a solid foundation behind them. The development of large-scale burning, integration with regulated exchanges, and new benefits in staking and wallet protocols creates incentives for investors to stay active.
In fact, these moves go beyond the general trends to confirm that each cryptocurrency responds to certain conditions in its ecosystem. Dynamics show internal and fundamental catalysts, even in the red market You can change the expected behavior and retain value in the middle of autumn.
