crypto trend week 29

18Digits Week 29 Voting Results

MATIC Moves Into Top 5 In Bullish Week

Hello, 18Digits community! With most crypto assets surging in value and the Bitcoin Fear & Greed Index moving upwards, things are finally looking good for the bulls. So sit back as we fill you in on what happened in the crypto market this week and how our community voted.

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.

What happened in the crypto market this week?

This week, there is great news in the crypto market as most coins rose in value. Bitcoin (BTC) and Ethereum (ETH) increased in value, and other coins followed suit.

The Bitcoin Fear & Greed Index is now at 33/100, reflecting the improving investor sentiment as Bitcoin rallied by about 20% from Monday to Wednesday. This is the index’s highest level since April 11 (32/100), when Bitcoin was $39,599.

It was a good week for Bitcoin (BTC) investors. It started the week just below $21,000 and tested the $23,000 only 24 hours later (Tuesday). It returned to the $21,000 circle on Tuesday before breaking the $24,000 finally on Wednesday. BTC suffered a major correction on Thursday and slowly rallied above $23,000 on Friday.

Ethereum (ETH)’s price has also grown by more than 20% from Monday. Since its highest point this week ($1,630 on Tuesday), ETH slowly declined to $1,478 on Thursday. It has regained its bullish trend and we could see it exceeding the $1.650 resistance.

Altcoins were not left behind in the positive change. Cardano (ADA) rose by 11.02% and is currently at $0.5154, Shiba Inu (SHIB) increased by 14.24%, and Solana (SOL) rose by 14.14%, with Solana (SOL) currently at $44.880.

Now, let’s see how your votes shaped the top 18 positions on the chart this week.

18Digits Top 18 Voting Results: Who moved up and who moved down in the Top 10?

There were significant changes in the chart’s top 10 positions this week. Cardano (ADA) and Polygon (MATIC) exchange places, with Polygon (ADA) coming 5th and Cardano (ADA) coming 6th. Litcoin (LTC) and Ripple (XRP) maintained their 7th and 8th positions, respectively, on the chart.

Shiba Inu (SHIB) also returned to the 9th position after spending last week at the 12th position, swapping places with Dogecoin (DOGE).

Polkadot (DOT) and TRON (TRX) exchanged positions, with Polkadot (DOT) coming 11th and TRON (TRX) coming up to the 10th position. PancakeSwap (CAKE) came 13th, Avalance (AVAX) came 14th, Tether (USDT) maintained its 15th position, while Stellar (XLM) and Terra (LUNA) exchanged places coming 16th and 17th, respectively. Algorand (ALGO) moved up by a place to be the 18th coin on the list.

The first four coins on the chart remained Ethereum (ETH), Bitcoin (BTC), Binance Coin (BNB), and Solana (SOL) accordingly.

Biggest Winners & Losers Voting Results: FWT, AEN lead Top Gainers’ List

Freeway (FWT) moved up by 14,223 places to the 507th position. Altera (AEN) came 2nd on the gainer’s list by placing 5023rd from 11,548th. IX (IXC) gained 4356 places and went up to the 13,313th position.

AAA Coin (AAA) came 96th, while KILT Protocol (KILT) came 514th with both of them gaining 1972 and 1816 places, respectively, to complete the top 5 gainer’s list

The top 5 loser coins were Qommodity (QAA), Threeoh DAO (3OH), Wrapped Kava (WKAVA), LeverFi (LEVER), and Stepwatch (SWP). Qommodity (QAA) dropped to 19,312, Threeoh DAO (30H) dropped to 19,313 and Wrapped Kava (WKAVA) dropped to 19,311

LeverFi (LEVER) and Stepwatch (SWP) completed the loser’s list taking the 19,310th and 19,308th positions, respectively.

Note: Every week, you can register to vote for your favorite cryptocurrencies on the 18Digits platform and get free tokens.