Top Crypto Projects Enter Accumulation Zone Amid Shifting Market Dynamics

The crypto industry is experiencing a change in market dynamics with several projects entering their accumulation phase. As per the data from Phoenix Group, NEAR Protocol, Polygon, and OKB are leading the top crypto projects that are getting into their accumulation phase. The analytics firm disclosed the list of these projects on its official social media account.

NEAR Protocol Leads Prominent Crypto Projects to Enter Accumulation Phase

In Phoenix Group’s list of prominent crypto projects moving toward accumulation phase NEAR Protocol ($NEAR) takes the top position. In this respect, its market capitalization has reached $5.42B in total. Additionally, it has gone through a -9.95% price decline over the past seven days. The 2^nd project is Polygon ($POL) with a $3.51B in market capitalization apart from a -8.80% change in price over the week.

Following that, OKB is standing in the 3^rd place as its current market capitalization is $3.22B. In addition to this, it has seen a -10.10% weekly decrease in price. Subsequently, the 4^th spot is secured by Jupiter ($JUP) which has witnessed a 34.05% rise in its price performance over the week. Simultaneously, its market capitalization is up to $2.02B. Along with that, Bonk ($BONK) has obtained the 5^th spot in the list with a market capitalization of nearly $2.01B and a 7-day price change of -9.27%.

Reserve Rights Bottoms List with $719.24M in Market Cap

The list moves on to include Floki ($FLOKI) in the 6^th rank with a -9.30% weekly price change and $1.21B in market cap. The 7^th project is NEO ($NEO) which has gained a $950.86M in market capitalization whereas its weekly performance shows a -9.30% dip. The next crypto project to enter its accumulation phase is AIOZ Network ($AIOZ) as its market capitalization has touched $893.30M. After that, Axie Infinity ($AXS) occupies the 9^th position with a $860.14M in market cap. Reserve Rights comes last in the list with approximately $719.24M in its market capitalization.