The top 5 coins keep to their position. Ethereum pushes 17% up
Hi, 18Digits community. It’s week 32, and you’re here — we are delighted to have you here.
It has been an exciting week in the market, with the bullish narrative that hovers the place. Nonetheless, the top 5 coins hold their position, and Ethereum shows the most strength. Let’s go over the excitement of 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.
State Of The Market
The market in the last seven days has maintained a positive narrative, indicating the strengths of the bulls. In the case of Bitcoin (BTC), we were an overall 5.8% move setting its price at the time of writing at $23,989. However, bitcoin (BTC) sat at a weekly high of $24,918.54 and the week’s low at $22,664.69. Ethereum (ETH) had an impressive run this week, with 17% weekly increments— with the week’s high and low at $1,943.30 and $1,656.07, respectively. The gigantic move seen in Ethereum (ETH) was a result of its successful final testnet merge.
In the Altcoin market this week, USDT was down by 0.1%. Solana (SOL) was an outlier; it swung by 11.6%, a 10.1% difference from its previous week’s percentage. XRP maintained a steady pace at 1.5%, and Dogecoin (DOGE) experienced a 6.0% increase this week.
18Digits Top 18 Voting Results: Shiba Inu (SHIBA) climbs into the chart peaking at 8th position
The result following the conclusion of last week’s voting left the top 5 coins unchanged. Ethereum (ETH) remained at the number one spot, and Bitcoin and Binance coin (BSC) stayed in the second and third spots, respectively. Following is Solana in the 4th position and Cardano holding on to the 5th position.
The significant moves up were from Dogecoin and Algorand, which both shifted by one to rank 11th and 18th. XRP, TRON (TRX), and Avalanche (AVAX) each moved by one to rank 9th, 10th, and 15th, while Polkadot moved down by two to rank 12th.
This week, Shiba Inu was the outlier, moving three places from the 11th to pad at the 8th.
Biggest Winners & Losers: Grin, Liquidity, CurveDao, and others shoot up.
This week’s winner chart: Grin had the most exponential growth, moving from 7,405th to ranking at 476th position. Liquidity (LQTY) also rose from tens of thousands to the unit of thousands. Curve DAO (CRV), OMAX, and Gains Network (GNS) wrapped up the top gainers’ list as 3rd, 4th, and 5th in that order.
Some cryptocurrencies got voted down. STARPACK (STARP) received the most impact and plummeted to 19,439th from its previous position at 197th. Nyancoin crashed from 326th to 19,438rh. EGO joined the list, too, making it the 3rd biggest loser in the market, dropping from 2,602th to 19,437th. AvWETH and avWBTC took the most significant loss and closed this week as one of the top losers.Note: Every week, you can register to vote for your favorite cryptocurrencies on the 18Digits platform and get free tokens.