Hello, 18Digits community! It’s great having you back. After a couple of weeks’ decline, it’s great that most coins are now on an upwards trend! You can trust us here to bring you featured insights and analyses from all over the crypto world from this week.
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
There is great news in the crypto market this week, and we are excited to break them to you. After a few weeks of decline in value, top coins such as Bitcoin (BTC) and Ethereum (ETH) witnessed a price rise.
A 5-day chart of BTC/USD as of 08/07/22 10:17 UTC
Bitcoin (BTC) rose above $20,000 after a couple of weeks spent below it. It has its highest price this week to be $22,045 in the early hours of Friday. It kicked off at $20,224 at the beginning of the week and is currently at $22,045 with an 8.2% increase. Ethereum (ETH) was not left behind, as it has risen by 14.77% in the last seven days. It started the week at $1,073.79 and is currently at $1,170.30.
Altcoins also joined the week’s surge as Dogecoin (DOGE) rose by 10.12% and is currently at $0.071243. Polkadot (DOT) rose by 5.4% after last week*s 11.54% decline, and Cardano (ADA) rose by 5.77%.
Now, let’s see how the 18digits community voted this week.
18Digits Top 18 Voting Results: Chainlink (LINK) powers into Top 18
A significant change in this week’s voting result is Chainlink (LINK) moving up the rank, from position 21 to making the 18th coin on the list.
Other changes were TRON (TRX) and Polkadot (DOT) exchanging places, coming 11th and 12th on the list, respectively. PancakeSwap (CAKE) and Terra (LUNA) also swapped places, with PancakeSwap (CAKE) coming 15th and Terra (LUNA) coming 16th.
Aside from these changes, all other tokens maintained their positions on the chart, with Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL), Cardano (ADA), and Polygon (MATIC) in the top 6 places and Litecoin (LTC), Dogecoin (DOGE), Shiba Inu (SHIB), and Ripple (XRP) following closely to give the top 10 coins.
Biggest Winners and Losers of the Week: FXT, KuCoin, and Voyager record strong week
This week witnessed notable changes in positions on the chart again as some coins moved up and some dropped drastically down the chart.
MBD Financials (MBD) topped the list of gainers as it moved to the 3158th place from the 18,363rd position gaining ground by 15,205 places. FXT (FXT) followed, coming to the 532nd place from position 15,208. The remaining tokens on the list were KuCoin (KCS), Voyager (VGX), and CEEK Smart VR (CEEK), moving up by at least 8000 places to complete the top 5 gainer’s list.
Some coin tokens dropped drastically on the chart. Brayzin Heist (BRZH) and Game of Dragons (DT) dropped from the 211th and 212th places to the 19,194th and 19,195th places, respectively. Euro coin (EUC) came third, dropping from the 372nd to 19,193rd place, while KOLNET (KOL) and RAMP (OLD) followed to complete the top 5 loser’s list.
Note: Every week, you can register to vote for your favorite cryptocurrencies on the 18Digits platform and get free tokens.