Weekly Crypto Market Watch: Top Tokens Gainers And Losers

The cryptocurrency market has experienced an impressive week of growth, with Bitcoin leading the way by surging over $44,000. This marks 8th consecutive week of growth for Bitcoin

Weekly Crypto Market Watch: Top Tokens Gainers And Losers_65d5cdb5b9540.webp

The cryptocurrency market has experienced an impressive week of growth, with Bitcoin leading the way by surging over $44,000. This marks 8th consecutive week of growth for Bitcoin, with the market’s greed index maintaining at 80 points.

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Among the top 100 ranked tokens on CoinMarketCap, top 10 all had an increase of more than 30%. BitTorrent (New) (BTT), Bonk (BONK), and Helium (HNT) demonstrated the most impressive upward momentum. Specifically, BitTorrent (New) BTT increased by a remarkable 177.95.44% in value compared to the previous Sunday, currently standing at $0.000001337 USD. This means that investors who put $100 into BTT over the weekend could have gained nearly $178 in profit.

In addition to BitTorrent (New) (BTT), Bonk (BONK) also saw a substantial increase of nearly 141.16% in value over the past week. For BONK, a $100 investment could yield a return of $141.

Helium (HNT)’s token, also belonged to the top-performing group, with a current price of $4.78USD, reflecting a 66.86% increase compared to the previous Sunday.

Other notable tokens in the top 10 with significant gains over the past week include ORDI (ORDI) with a 59.65% increase, Cardano (ADA) with a 52.47% increase, Avalanche (AVAX) with a 51.74% increase,  Beam (BEAM) with a 41.09% increase, Polkadot (DOT) with a 31.77% increase, Pepe (PEPE) with a 31.66% increase, and The Sanbox (SAND) with a 31.33% increase. ORDI and BEAM showed impressive performances with 2 consecutive weeks of growth in the top 10 gainer.

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On the flip side, while some tokens experienced decreases over the past 7 days, the declines were not substantial. The three tokens with the most significant decreases were dYdX (ETHDYDX) down 12.74%, IOTA (IOTA) down 11.56%, and Kaspa (KAS) down 8.17%.

In which Thorchain (RUN), IOTA (IOTA) and Oasis Network (ROSE) were in the top 10 growth last week, this week they are in the top 10 price decline. Bitget (BGB) and DYDX were in the top 10 declines for 2 weeks in a row

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In addition to price movements, here are some noteworthy developments in the cryptocurrency market that investors are paying attention to:

1. Bitcoin Options Hit Record High as Price Briefly Surpasses $44,000

2. XRP’s Potential Upswing: Analyst Envisions 120% Price Rally

3. SEC Postpones Verdict on Grayscale’s Spot Ethereum ETF

4. Christmas Gift Ideas For Crypto Enthusiasts

5. LayerZero Will Issue Tokens In 2024

6. Binance Withdrew Its License, Giving Up The Idea Of Establishing An Investment Fund In Abu Dhabi

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