Hello, 18Digits. It’s great to have you back for this week’s review. You can be sure we have this week’s biggest crypto news and the results of your votes.
In a week that had the much-anticipated Consumer Price Index(CPI) released, the voting results revealed many cryptocurrencies exchanged positions. Before we extensively review the voting results, let’s do a quick review of the crypto market 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.
What Happened in the Crypto Market this Week?
The US Consumer Price Index (CPI) was released on Thursday. According to the figures, the CPI increased 0.4% in September, more than the estimated 0.3%, suggesting that the war against inflation is far from won. As expected, the published data influenced the crypto market.
After Bitcoin shot past $20k last week, it fell to a three-week low shortly below $19,000 on Thursday.
Bitcoin started the week a little below $19400 and gradually fell as the CPI release date drew close. On Thursday, the cryptocurrency fell sharply to its lowest this week (18,180). Since then, it has recovered and is approaching $20k again.
Other cryptocurrencies like Ethereum (ETH), Binance Coin (BNB), Solana(SOL), Dogecoin (DOGE), and Polygon (MATIC) also followed BTC’s steps by falling slightly in the last seven days.
18Digits Top 18 Voting Results: BNB Up to Second, DOT Powers into Top 10
Binance Coin (BNB) leapfrogged Bitcoin (BTC) again this week, repeating its week 35’s feat. It will be interesting to see if BNB can maintain its position this time.
The biggest winner in the top 10 this week was Polkadot (DOT), as it climbed four places into the 7th spot. Elsewhere, Shiba Inu (SHIB) gained a spot as it joins the top 5 tokens.
TRON (TRX) was the biggest loser in the top 10 as it slipped two places into the 10th spot. Cardano (ADA) and Polygon (MATIC) both lost a spot and slid into 6th and 8th, respectively.
Dogecoin (DOGE) dropped out of the top 10 into 11th. PancakeSwap (CAKE) and Tether (USDT) exchanged spots, as they’re now 12th and 13th, respectively. Celo (CELO) gained two spots into the 16th, while Terra (LUNA) lost two positions into the 18th spot.
Biggest Winners & Losers: Tamadoge continues its excellent run, Infinity Angel comes out as biggest loser
Choose.com (CHO) is the biggest winner this week. The token moved 18839 places into the 1220th position. Crypto Legions V3 (BLV3) and Affyn (FYN) also moved 11936 and 11208 places, respectively. Tamadoge (TAMA) continued where it left off last week as it moved into the top 500 by climbing 10786 spots. Infinity Pad (IPAD) is the 5th biggest winner due to its jump by 10166 places.
Infinity Angel (ING) was this week’s biggest loser. The token plunged into the 20306th position after plummeting by 20222 places from the 84th position. ViceWRLD DAO (VICE), Zebra DAO (ZEBRA), NOE Global (NOE), and Bonded dAMM (BDAMM) complete week 41’s list of biggest losers
Vote for Your Favorite Cryptocurrency on 18Digits
As we wrap up this week’s review, remember to vote for your favorite crypto coin next week. The process is simple and quick; take a few seconds to become a community member by registering here and checking out the rules to get a comprehensive what-you-need-to-know community guideline here. And it’s a wrap this week. See you next Friday!