24.02.2025 17:51
In the third week of February, the sharp price movements in the cryptocurrency market led to record highs for some assets. Notably, during the intense trading volumes observed on February 20-21, the Story (IP) token tested the $5.80 level, while Maker (MKR), a leading name in the DeFi sector, rose to $1,585.
The cryptocurrency that gained the most this week in the market is the Story (IP) token, with a 205% increase, while the strong player in the DeFi sector, Maker (MKR), drew attention with a 58% rise. Another asset that provided high returns to its investors, the old FTM token Sonic (S), gained 60% in value on a weekly basis.
STORY TOKEN MADE A SPLASH IN THE MARKET
This week's undisputed winner was the Story (IP) token. The token was trading at $1.50 at the beginning of the week and showed a rapid rise due to strong buyer interest. Especially the buying wave that started on February 20 pushed the token up to $5.80 on February 21. Story attracted attention with the intense trading volume throughout the week. The token is currently holding at $4.40 and has strong buyer support above $4.20.
SONIC GAINED 60%
Maker (MKR), one of the leading names in the DeFi sector, recorded a 58% increase on a weekly basis. The rise that started from $1,000 carried the token up to $1,585. MKR showed a sharp rise from $1,200 to $1,400, especially in the transactions that took place on February 21. The old FTM token Sonic (S) provided its investors with a 60% gain this week. The token price rose from $0.52 to $0.81. Especially during the mid-week rally, Sonic tested the $0.95 level and is currently showing a strong outlook above $0.80.
From a technical analysis perspective, both Story and Maker's indicators are giving positive signals. Story's price movement is preparing for a new wave of increase. Maker has created a strong technical position by surpassing its 200-day moving average.
These performances indicate a period in the cryptocurrency market where selective purchases are prominent. It is observed that investors are particularly turning towards high-potential projects and DeFi tokens with strong fundamentals.