Key Points:
- The CoinDesk Market Index is down 1.4% for the last week, but has grown 60.1% year to date.
- Leaders in the market include small gaming and metaverse protocols like Yield Guild Games, HighStreet, and LivePeer.
- Yield Guild Games experienced a significant rise and fall in value due to rumors of pump and dump tactics.
- Stellar, XRP, and Shiba Inu were the top-performing currencies during the last week.
- The biggest laggards in the market were Augur, Pepe, and Curve Finance.
Hot Take:
Overall, the crypto market experienced a slight decrease in the last week, but it is still showing significant growth compared to earlier this year. Small gaming and metaverse protocols made a big impact, but the culture and entertainment sector as a whole remained relatively flat. Stellar, XRP, and Shiba Inu emerged as the top currency leaders, while Augur, Pepe, and Curve Finance struggled. As always, there will be winners and losers in the crypto market, and it’s important for investors to stay informed and make educated decisions.
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