The Week’s Biggest Crypto Gainers and Losers
Despite a minor slump last week, several cryptocurrencies experienced significant gains, with celestia (TIA) and yearn finance (YFI) leading the way with triple-digit increases. This week, celestia (TIA) emerged as the top performer, rising 122% against the U.S. dollar. Close behind was yearn finance (YFI), registering a 119% uptick against the greenback. Following these, thorchain (RUNE) also experienced a notable increase, climbing 71% in the past week.
Additionally, avalanche (AVAX) leaped by 66%, while 0x (ZRX) ascended 62%. FTX token (FTT) also showed a notable increase, rising by 57%, and kaspa (KAS) escalated by 50%. In total, 15 crypto assets experienced growth of 30% or more over the past week. Furthermore, 23 tokens surged over 20%, and 39 cryptocurrencies reported double-digit gains.
However, not all cryptocurrencies fared well this week. Gas (GAS) witnessed a steep 55% fall, tellor (TRB) decreased by 36% against the U.S. dollar, and storj (STORJ) dropped by 16%. A total of 11 crypto tokens witnessed double-digit losses this past week. Additionally, 39 crypto assets in total shed more than 5% in value against the U.S. dollar.
In terms of the last 30 days, ORDI leads the pack rising 741% and RUNE follows with its 324% gain. Makerdao’s (MKR) was the biggest loser last month, shedding 2.7%.
Hot Take: Crypto Market Overview
The crypto market has seen significant fluctuations this week, with several cryptocurrencies experiencing substantial gains while others faced notable declines. The overall market value has remained steady at $1.4 trillion, indicating resilience despite fluctuations in individual asset prices. This demonstrates continued investor confidence in the long-term potential of cryptocurrency investments.
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