Hello, 18 digits. Welcome to your favorite weekly review. It’s another time to fill you in on your votes this week and on the biggest news in the crypto market in the last seven days.
In a historic week that saw the British Empire lose its longest-serving monarch, Binance Coin finally leapfrogs Bitcoin on our chart as the latter’s struggles continue. This, and many more, you’d find in this week’s review. So sit back while we do what we do best.
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?
The market has been fairly stable in the past seven days. There was no significant fall in price in majority of the popular crypto assets. Bitcoin (BTC) lost about 2.1% this week and was trading at around $19,339 in the early hours of Friday. The most popular cryptocurrency started the week at slightly above $20,000. On Wednesday, it slid by about 8% to around $18,500, which was its lowest point in the week.
Ethereum (ETH), rose by 3.61% as the world prepares for the highly anticipated Ethereum merge likely to happen this week. Ethereum Classic (ETC), has benefited from the merge story as it secured a double-digit gain with its hashrate hitting a record-high figure. Binance Coin BNBUSD gained 1.51%, while Solana SOLUSD, Cardano ADAUSD, and Polkadot DOTUSD pulled strong in the week by rising 9.21%, 6.15%, and 4.26%, respectively.
18Digits Top 18 Voting Results: Bitcoin relinquishes Second Spot; Polygon Drops Three Places
This week’s biggest story is Bitcoin (BTC) exchanging spots with Binance Coin (BNB). This is the first time Bitcoin will drop outside the Top 2 on 18Digits. It’s hard to pick out the exact reason for this development, but it may be related to the crypto’s recent struggles in the crypto market in the past few weeks.
In other news, Polygon (MATIC) lost three spots as it finished 8th this week. Tether (USDT) and Stellar (XLM) also dropped by a spot. Shiba Inu (SHIB) is this week’s biggest mover amongst the top 18 as it rose by two spots to 6th. Cardano (ADA) makes the top 5 this week as it climbs by a spot. Terra (LUNA) and Avalanche (AVA) rose by one spot to 13th and 16th, respectively. The other crypto assets maintain their positions this week.
Biggest Winners and Losers: Canto and Hecto Network Power High
Canto (CANTO) is this week’s biggest mover. The cryptocurrency rose 17618 places to 408th position. Other big winners include Hector Network (HEC), Neoxa (NEOX), Counos Coin (CCA), and Symmetric (SYMM).
The biggest losers are 2044 Nuclear Apocalypse (2044), KATZ Token (KATZ), Goons of Balatroon (GOB), Vanesse (VNES), and Sporty (SPORTY). They all dropped by 19345 places.
Vote for Your Favorite Cryptocurrency on 18Digits
As we draw the curtain for the week, don’t forget to vote for your favourite cryptocurrency next week. If you want to vote next week but you don’t know how to go about it, you have to register here first to become a member of our community. You can also check out the rules here.
And it’s a wrap for this week. Remember to say a word for Great Britain and its Royal Family. Ciao!
