ARK Takes the Lead in Weekly Crypto Performance
In the past week, while bitcoin and ethereum experienced moderate gains against the U.S. dollar, a group of around 50 cryptocurrencies saw impressive double to triple-digit increases. ARK, SNT, and SUSHI emerged as the top performers during this period.
Impressive Gains and Losses in the Market
A collection of 50 cryptocurrencies recorded gains ranging from 12% to a remarkable 168% against the U.S. dollar. At the same time, another group of 30 tokens experienced losses ranging from 0.01% to over 15%.
ARK Token Soars with a 168% Surge
The standout performer of the week was ARK token, which saw a notable surge of 168% against the U.S. dollar. The token, ranked 147th in market capitalization, experienced a substantial 23.2% increase in just one day.
SNT and SUSHI Follow with Impressive Gains
Following closely behind ARK, SNT token secured the second spot with a gain of 118% against the dollar. SUSHI claimed the third position with a rise of 72% this week.
Other High Performers in the Top Five
In addition to ARK and SNT, WEMIX and CAKE also performed well with gains of 51.4% and 50.36%, respectively.
Additional Top Gainers and Losers
Tokens such as SURE, ONG, POLY, RUNE, and ROSE also recorded gains ranging from 32% to 49%. On the other hand, FLOKI, BABYDOGE, OMI, PEPE, and BONE experienced notable losses.
Bitcoin Dominates the Market
Bitcoin holds a 52.3% market share, while ethereum occupies 17% of the market. The total valuation of the crypto market is currently at $1.3 trillion, with a 1.88% increase in the last 24 hours.
Trade Volume and Market Dominance
The trade volume over the past day was around $35.59 billion but has decreased by 24% since yesterday. Bitcoin remains dominant with its market share, while ethereum follows closely behind.
Hot Take: ARK Takes the Lead as FLOKI Falters
This week saw impressive gains in the cryptocurrency market, with ARK leading the way with a remarkable surge of 168%. On the other hand, FLOKI suffered the most significant decline during this period. The crypto market continues to show volatility and opportunities for investors seeking potential gains.
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.
