In the week of Dec. 13, 2024, Telegram Apps was the best-performing crypto category. Things had cooled down for the sector after the excitement surrounding Hamster Kombat (HMSTR)’s autumn launch.
Three Telegram App tokens more than doubled over the course of seven days. These were:
Sonic Sniper Bot (SONIC). This token rose by around 350%, thanks to an integration with the SUI blockchain.
Collab.Land (COLLAB), which climbed by about 125%, is also part of the AI Agents category. An “Autonomous Hackathon” helped bring people’s attention to this particular crypto token.
Hypurr Fun (HFUN). Hypurr Fun lets people launch and trade memecoins on the Hyperliquid (HYPE) blockchain via Telegram, which went up somewhere in the region of 110%.
These token’s success helped lift the value of Telegram App cryptos by more than 110% to a market cap of $4.1 billion.
AI Agent Launchpads – Up 37.1%
The world of AI is big business, and cryptocurrencies are cashing in on its success. AI Agent Launchpads, which allow users to create bots basically, had a positive week, moving up by more than 35% to a market cap of $3.5 billion.
However, it was not the best-performing AI Agent Launchpad crypto. That honor went to AI Agent Layer (AIFUN), which saw an acceleration in its AI voice agents platform and climbed 65%.
Meanwhile, Solaris AI (SOLARIS) also got in on the action, rising by more than 50%.
Perpetuals – Up 18.3%
It wasn’t all Apps and AI silliness that saw big increases over the week of Dec. 13, though. The rather more Serious Business of Perpetual-related cryptocurrencies also climbed by nearly 20%. One of the key drivers was Hyperliquid, which followed its launch at the start of the month to cement its place in the $1 billion market cap club by rising about 35%.
Again, though, smaller cryptos performed the best, with Javsphere (JAV) capitalizing on an Aerodrome listing to go up almost 85%. Also, Deri Protocol (DERI) performed well, climbing more than 60%.
These and other cryptocurrencies helped boost the sector’s market cap to about $9.5 billion.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Peter Henn has been a journalist since 2005. In that time, he has written for a variety of publishers including the Mail on Sunday and the Daily Express. He has previously covered the world of cryptocurrency for Currency.com and Capital.com, and has also written for ECigIntelligence.com and CBD-Intel.com. A graduate of the University of Liverpool, he is based in the United Kingdom. His hobbies include music, horse racing and performance art.
