Crypto markets just enjoyed a rare occurrence a bull run for the second week in a row. Volatility could start decreasing with positive signalling across major crypto players, so this might e the start of a new bull run for crypto.

The Usual Suspects: Will Ethereum Be the New King of Crypto?

Bitcoin and Ethereum finished on a fortnight-long bull run and is up from last week price. Positive signals coming out of institutions and the industry, combined with Ethereum founder, Vitalik Buterin, appearing on the cover of TIME Magazine, propelled both coins and the broader market to strong growth this week.

Bitcoin started Monday at $55,700 and is up 5% to $58,500 after a bull run throughout the week. The market was experiencing minor volatility with prices fluctuating around $57,000. With a peak of $58,000, this highlights that investors will continue holding Bitcoin and believe the market will rebound over the coming months. We've seen strong, positive signals in the past few weeks and this is turning the wave for Bitcoin and crypto more broadly.

Ethereum gained a modest 7%, starting at $3,900 and finishing at $4150. The market continues to produce positive signals, influencing the price of Ethereum. These signals include Vitalik Buterin TIME Magazine appearance (and the associated NFTs created as a result) as well as Bloomberg thinking that Ethereum will rise to USD $6000. While this remains to be seen, there has been overwhelming support for Ethereum, which will no doubt continue in the coming weeks and months.

The Best of the Rest: Cardano Delivers for Investors

Our next tier of popular coins saw mixed performance, but two stand out from the pack: Cardano and Solana.

Cardano looks to finally be rebounding from the crash of 2021 and is now up 31%. If you had invested in Cardano at the start of last week, you'd be up by close to 50%. Following strong performance last week, Solana has backed it up with another double-digit increase, this week Solana is up 10%. Solana could continue to climb as rumours continue to circle regarding Solana as Meta choice of blockchain for their Instagram NFTs.

Polygon and Ripple saw modest growth with Polygon up 5% and Ripple up 4%. Avalanche was the only coin in our next tier of popular coins that dropped but only down 1%.

This Weeks Loser: Nano Shrinks Returns

Nano (XNO) is down by 16% following last week surge, which was a result of increased trading volumes. While 16% isn't the worst performance, but with the overall crypto market up by several points and Nano being victim to volatile trading volumes, the coin is left bringing up the rear.

Nano is a coin that facilitates peer-to-peer lending using a unique data structure. Unlike other platforms that use a proof-of-stake or proof-of-work mechanism, Nano uses a voting system where users can vote on confirming transactions. The benefit of this and their unique data structure has enabled Nano to be more environmentally friendly that other coins.

Nano may not take off for investors like Ethereum has but could be a challenger to the coin if Ethereum cannot address the challenges it is facing regarding its transaction speed and throughput. However, investors may consider other alternatives before investing in Nano as it yet to be a proven payments alternative to other blockchains.

The Weekly Winner: Bored Apes Club is the New Millionaire Factory

ApeCoin (APE), the governance token of one of the most famous web3 projects Bored Ape Yacht Club ('BAYC'), is up more than 1200% since Sunday. For those unfamiliar with BAYC but may have seen the images of Apes that celebrities like Justin Bieber, Jimmy Fallon and Paris Hilton flaunt on their social media profiles, BAYC is a collection of NFT Apes that has become the one of the most value NFT collections in the world.

The creators of the collection, Yuga Labs have been acquiring other NFT collections including CryptoPunks and Meebits and is positioning themselves to be a metaverse player through virtual land and gaming. ApeCoin will eventually be used to buy virtual land, purchase services and play games through their metaverse.

It worth noting that ApeCoin is not part of Yuga Labs but given the affiliation between the coin and BAYC, it no wonder the coin has returned strong returns to early BAYC investors and early ApeCoin investors.

Sources: BTC Markets, CoinMarketCapThis post was written by Fresh Capital Media.