Weekly Cryptocurrencies Leaders Under A Market With Positive Recovery

As written by criptonoticias, from November 1 to 7, 2021, the market shows important signs of recovery. About 70% of cryptocurrencies show an upward trend, with increases of up to more than 40%.The weekly top is headed by Avalanche (AVAX), which created an incentive fund for developers; and Solana (SOL), which achieved a new all-time high and reached the fourth place by market capitalization.They are followed by NEM (XEM), which is preparing for its seventh hard fork; and Polkadot (DOT), which launched its first parachain. Additionally, the list of most appreciated cryptocurrencies closes with XRP, which heralds the launch of wXRP, a wrapped token.The price of bitcoin (BTC) continues with ups and downs, although this week, it remains more or less stable at around $ 60,000. On November 2, BTC once again exceeded USD 64,000. BTC and, on average, it has gained 3% of its value. On this, Glassnode analysts argue that the cryptocurrency is going through the initial stage of a major bull run.As published in CriptoNoticias, the firm points out that, despite temporary price setbacks, the appreciation of BTC in the month of October reached the record value of 40%. Something similar says Willy Woo, who believes that the bitcoin market would be in the final phase of a consolidation process, which could drive a bullish breakout in two weeks.Meanwhile, Ether (ETH), the cryptocurrency of Ethereum, gained more than 9.9% of its value in these seven days, trading between USD 4,200 and more than USD 4,650.In the period, the hash rate of the Ethereum network reached a new historical maximum, exceeding 766 terahashes per second (TH/s). A figure that shows a clear recovery since last June, when it reached a minimum of 455 TH/s.Other relevant cryptocurrencies by market capitalization are also on the rise. Cardano (ADA) gained 3.3%…