17 Cryptocurrencies Experience Double-Digit Growth
As of November 26, 2023, the total market capitalization of the cryptocurrency sector is valued at $1.43 trillion. This week, 17 different digital currencies have seen significant double-digit growth, with BLUR leading the way with a 72% surge.
Following BLUR, APE increased by 26.3% and KLAY experienced a similar rise of 26%. Additionally, MINA climbed by 24.1%, while ILV rose 22.9% over the week, according to data from coingecko.com.
UNI, SUI, and TAO also saw notable gains, ranging from 16% to 19.2%. However, amidst these gains, several cryptocurrencies have faced declines this week.
TIA witnessed a significant drop, losing 21% over the week, and RLB decreased in value by 8.1%. Furthermore, MATIC fell by 8%, and KAS suffered a 6% decline.
XDC, BNB, SOL, CAKE, and SHIB were among the cryptocurrencies that did not perform well in the past seven days. On the other hand, the four digital currencies with the highest trading volumes this week were USDT, BTC, ETH, and USDC.
Bitcoin represents 51.2% of the total market value within the $1.43 trillion crypto economy, while Ethereum accounts for 17.5% as of November 26. In terms of 24-hour performance, the top gainers include SUPER, ETHW, ROSE, PRIME, and MAGIC, while the most notable losers are SNX, SEI, FTT, and PENDLE.
The top-performing cryptocurrencies this week have experienced less significant growth compared to the previous week, where several coins achieved triple-digit increases over a seven-day period.
Hot Take: Cryptocurrencies Show Mixed Results as BLUR Emerges as Top Performer
This week, the cryptocurrency market has seen varying results. While some cryptocurrencies have recorded impressive double-digit growth, others have faced declines. Notably, BLUR has stood out with a significant surge of 72%. However, the overall growth has been less vigorous compared to the previous week. Bitcoin and Ethereum continue to dominate the market, with Bitcoin representing over half of the total market capitalization. As the crypto market remains highly unpredictable, it’s important to stay informed about the latest trends and developments to make informed investment decisions.
Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.