Wen achieves impressive double-digit gains in record-breaking performance.

Stacks (STX) surged to its highest point in 26 months as the global cryptocurrency market cap surpassed $2 trillion. Bitget Token (BGB) and Wen (WEN) also experienced significant price spikes last week.

Stacks reached its 26-month high recently as the global crypto market cap exceeded $2 trillion. The total open interest has increased from $55 million to $118 million in just a few days, indicating a rise in trading activity.

Currently, the price of Stacks is $2.50, reflecting a 4.52% decrease in the last 24 hours. However, the token has gained over 40% in the past week and has a market cap of over $3.5 billion. Stacks now ranks as the 30th largest cryptocurrency by market capitalization.

As a layer-1 solution, Stacks, originally launched as Blockstack by computer scientists Muneeb Ali and Ryan Shea, utilizes the STX token for smart contracts and digital asset registration. The project’s mission is focused on democratizing the internet to reduce the influence of major corporations, aligning with the slogan “can’t be evil.”

Bitget Token has also experienced a notable price increase this week. Currently trading at 98 cents, the asset has gained 49.3% over the past seven days and has a market cap of over $1.3 billion. BGB token was created to facilitate transactions, provide trading fee discounts, and incentivize user engagement on BitGet. The token aims to lower transaction costs through fee discounts and offer additional benefits to users within the Bitget ecosystem. Sandra Lou, the founder of Bitget, has appointed Vugar Usi Zade as the Chief Operations Officer to strengthen the project’s expansion into new markets.

Wen, a meme coin based on Solana, faced challenges when its value plummeted two weeks ago, despite a significant token burn. The token burn was intended to eliminate 27% of the total supply distributed via airdrop but did not immediately have the desired positive impact. Wen’s price dropped below $0.0001 due to a substantial sell-off. However, the coin has shown signs of recovery with a 121.44% surge over the past seven days. Despite recent market challenges, Wen continues to attract attention following its airdrop to over a million wallets. The coin’s unique approach and ability to recover demonstrate resilience in the face of market uncertainties.