Bitcoin and Ether Trade Quietly, but Lesser Known Names Boast Strong Performance This Week
Origin Protocol and Kyber Network lead the way among altcoin gainers.
- Bitcoin lost ground in July, but was outpaced in July by 112 of 183 assets within the CoinDesk Market Indices universe.
- On a weekly look, lesser known tokens OGN, KNC, and ASTR were among those posting strong gains.
With just three days remaining in July, bitcoin (BTC) and ether (ETH) are poised to finish in negative territory for the month. Over the most recent seven days, bitcoin and ether fell -1.59% and -0.81%, respectively, very much in line with what has been a range-bound trading environment for the entire month.
Both of the cryptos have moved into neutral territory per their respective CoinDesk Indices trend indicators. The gauges, calculated daily, are designed to illustrate price direction and momentum strength using a series of moving averages.
Broader moves across the entire digital asset landscape are captured within the Coindesk Market Indices (CMI), and all CMI sectors finished in the red this week, including the DeFi Index (DCF), down 1.24%. The weakest performer was the Culture and Entertainment Index (CNE), off 3.24%.
The monthly picture is marginally more promising, with all CMI sectors finishing in the green, with the exception of the Currency Index (CCY), down 0.39% in July, in part thanks to bitcoin’s sizable weighting in that grouping.
Of the 183 assets within CMI, 112, or 61% have outperformed bitcoin in July.
Weekly movers
NFT platform Origin Protocol (OGN) rose 32% over the past week, while DeFi's Kyber Network (KNC) and smart contract platform Astar (ASTR) added 23% and 22%, respectively.
With each of these tokens boasting market caps below $300 million, they are apt to fall underneath the radar. Still their sector alignment can provide insight into whether their performance was in line with similar assets.
OGN’s gain this week stands in contrast to the Culture and Entertainment Index (CNE), which was lower by 3.1%. KNC’s advance came alongside a 2.8% decline for the DeFi Index (DCF), and ASTR’s rise outperformed the 1.2% fall for the Smart Contract Platform Index (SMT).
Looking ahead to next week
On the heels of this week’s Federal Reserve interest rate increase and inflation data, next week’s macroeconomic focus will center on jobs, in particular Friday’s Nonfarm Payrolls report for July. Less followed, but also of interest will be Tuesday’s Job Openings and Labor Market Survey (JOLTS).
Current expectations are for 190,000 jobs to have been added in July and for job openings to have dipped to 9.5 million from 9.8 million.
More For You
需要了解的:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mehr für Sie
XRP Faces Downside Risk as Social Sentiment Turns Wildly Negative
The turn in crowd mood comes after a two-month slide of roughly 31%, leaving the token vulnerable to further downside if risk appetite weakens across majors.
Was Sie wissen sollten:
- XRP's price approached the $2 mark as social sentiment around the token turned sharply negative, according to Santiment data.
- The token has experienced a 31% decline over two months, making it vulnerable to further losses if market risk appetite weakens.
- Santiment's sentiment model indicates XRP is in a 'fear zone,' where negative commentary significantly outweighs positive talk, potentially influencing market positioning.
