The cryptocurrency market has just exited a notably bullish phase, witnessing a global market cap increase of $220 billion, reaching an all-time high valuation of $3.8 trillion as of Sunday.

This positive trajectory was primarily fueled by Bitcoin (BTC), which exceeded the $100,000 benchmark. At the same time, numerous altcoins leveraged this momentum to achieve significant gains.

After impressive performances last week, here are our top cryptocurrency selections to monitor this week:

JASMY Hits Two-Year High

JasmyCoin (JASMY) greatly benefited from last week’s bull run. It capitalized on a momentum that commenced on Nov. 27, concluding the week with a remarkable 69% gain. Refer to the chart below.

Created by Jasmy Corporation for the Ethereum-based Jasmy platform, JASMY aims to address data security concerns. It functions on the Ethereum blockchain as an ERC-20 token.

The token jumped by 27.49% on Dec. 3, marking its largest intraday increase in almost 10 months. Even with a slight pullback the following day, the asset achieved an impressive 45% rise on Dec. 5, ultimately reaching a two-year high of $0.0590.

JASMY has since dropped back to retest $0.047, with its relative strength index (RSI) declining to 68.

The asset must hold above $0.03912 to protect against deeper declines, with the next support level located at the 20-day moving average (MA) at $0.03178.

QNT Surges 67%

Quant (QNT) also commenced the week with bullish momentum, owing to Bitcoin’s uptrend, resulting in a significant weekly increase of 67%.

This represented one of its most bullish weekly outings this year.

QNT serves as the ERC-20 utility token of the Quant blockchain initiative, which aims to enhance interoperability among various networks via its Overledger Network.

The token has emerged as one of the standout performers in the current bullish phase. Since early November, Quant has maintained an ascending trajectory, with bulls utilizing the lower trendline to support prices above $96 on Dec. 1.

As bullish momentum starts to fade, QNT must stay above the Fibonacci 0.618 retracement level at $126.3 to remain within its ascending channel and continue the upward trend. Should the surge pick up again, a push beyond $170.7 might initiate a new explosive phase.

Overledger enables the linking of blockchains and conventional systems without necessitating infrastructure modifications, fostering the development of multi-chain applications (mDApps) for seamless functionality across networks.

Aimed at industries such as finance, healthcare, and supply chains, Quant facilitates use cases like cross-border payments, supply chain transparency, and digital identity solutions.

With collaborations involving Oracle and Hyperledger, Quant is distinguished for its ability to integrate blockchain technology within regulated sectors.

MEW Stabilizes Below $0.01

Despite the prevailing positive trend in the market last week, Cat in a Dog’s World (MEW) primarily stabilized. Nevertheless, the meme coin managed a modest 2.5% weekly gain.

Launched in March, MEW is a cat-themed meme coin based on Solana, distinguishing itself within a meme coin market largely dominated by dog-themed tokens. It gained traction after incinerating 90% of its supply upon release.

In addition, in May, the project partnered with LOCUS Animation Studios to produce a 3D animated series, further enhancing its storyline and expanding its audience. Within hours of its launch, MEW is reported to have achieved $150 million in transactional value, attracting considerable attention within the Solana ecosystem.

By Dec. 1, MEW began the week strongly with a 4.62% increase, but faced a decline shortly after, dropping 7.32% over two days to retest the $0.0083 low, before stabilizing again at $0.009 following a minor recovery.

Its MACD is also indicating a bearish trend, signaling a need for a shift to turn bullish. This week, MEW needs to rebound above the Pivot level at $0.010016 to regain a bullish momentum. Should it surpass this, the first resistance level will be at $0.01204, with another hurdle at $0.01329.