Cosmos Breaks Into Top 20
Hello, 18Digits community! It’s great to have you back after another week in the crypto market. The past few weeks have been tough for everyone, with the market still volatile. For now, we’ll treat you to a concise analysis of how our community voted this week. Before that, let’s do a quick run-in of the current state of things in the market.
Before you continue reading, please be aware that this article is not intended to be financial advice. Before investing or hiring a professional, you should conduct your research.
The State of the Market
The past weeks have been far from rosy for crypto investors, and it’s no more news that we’re in a bear market. However, prices have been fairly stable since the beginning of this week. The two most popular cryptocurrencies are in the accumulation phase, and we may see an upward trend next week or early July. Now above $20,000, Bitcoin (BTC) started the week at $19,260. Its highest point this week was $21,693, while its lowest was $18,043. Now edging towards $1200, Ethereum (ETH) has been above $1000 all week. It started at $1128 and slightly dipped in the early hours of Sunday to its lowest point ($934).
Week 25 was favorable for most Altcoins compared to the past few weeks. Solana’s announcement of its web3 smartphone has pumped SOL by 22%, and XRP also pumped by 12.6%, partly due to the opening of Ripple’s new office. Dogecoin (DOGE), Polkadot (DOT), and Binance Coin (BNB) also rose by 13.74%, 9.01%, and 6.21%, respectively.
Now, let’s review what the 18Digits community sentiment tells us about the possible future gainers and losers.
18Digits Top 18 Voting Results
This week’s biggest news is Cosmos (ATOM) moving seven places into the top 20. There is only one newcomer in the top 18 this week. Chainlink (LINK) moved up two places and replaced BitcoinCash (BCH), dropping six places to the 18th position. The top 18 didn’t see many changes. Litecoin(LTC) and Shiba Inu(SHIB) exchanged positions this week as they now rank 7th and 8th, respectively. Ethereum (ETH), Bitcoin (BTC), Binance Coin (BNB), Solana (SOL), Cardano (ADA), and Polygon (MATIC) remain the top 6 tokens, while Dogecoin (DOGE) and Tron (TRX) complete the top 10. Polkadot (DOT), Ripple (XRP), PancakeSwap (CAKE), Avalanche(AVA), Tether(USDT), Stellar (XLM), and Terra (LUNA) take the 11th to 17th positions and maintain their spots from last week.
Biggers Winners and Losers Voting Results: Inflated Adjusted USDS Powers high again
Every week, we rank the tokens on the chart with the most positive changes and the ones that have dropped most on the chart. The biggest gainer of the week is Spell (SPELL), moving 15,299 places to 2833. Synthetic Network (SNX) takes second place on the biggest gainers chart advancing 11,271 places to 7655 on the chart. Bancor Network (BNT) climbs 10,982 places to 7752 while RadioShack (RADIO) moves 9772 places to rank 7677. Inflated Adjusted USDS (IUSDS), which was also among the top 5 gainers last week, completes the list this week.
The top 5 losers this week are Ingress (IGR), Fight of the ages (FOTA), Saitama Inu (SAITAMA), JPY Coin v1 (JPYC), and QuipuSwap Governance (QUIPU).
Note: Every week, you can register to vote for your favorite cryptocurrencies on the 18Digits platform and get free tokens.
