Cryptocurrency Market Oct 14 to 20, 2024

The cryptocurrency market saw several notable movers, both in gains and losses. The overall market experienced some corrections, but a few coins managed significant upward movement:

1. Shiba Inu (SHIB): Despite the broader market correction, SHIB was up by 6.8% over the week and 21% last month. Its popularity as a meme coin continues to attract attention  .

2. Pepe (PEPE): Another meme coin, PEPE, saw a 10.4% rise in the weekly charts and nearly 22% over the past month. Meme coins generally gained traction as other mainstream cryptocurrencies faced losses .

3. Solana (SOL): Solana stood out among top gainers with a 3.86% rise, continuing its strong performance in the market .

4. Chainlink (LINK): LINK gained around 4.10%, reflecting investor confidence in its use cases for smart contracts .

5. Ripple (XRP): Despite a 7.6% correction over the week, XRP remains a cryptocurrency to watch due to its potential following the resolution of its lawsuit with the SEC .

These movements reflect a mix of resilience in meme coins and established cryptos holding their ground despite market volatility.