Voting Results Week 22: EQiFi does it again

Hello, 18Digits community! Today, we will look at the voting results for week 22 of 2022. First and foremost, we would take a quick look at the overall market conditions over the last week to see how the cryptocurrency ecosystem performed. Then, we’ll delve deep into the community sentiment best represented by your 18Digits voting.

Before you continue reading, please be aware that this article is not intended to provide financial advice. Before investing or hiring an expert, you should do your own research.

The State of the Market

May was a rough month for cryptocurrencies. Bitcoin (BTC) enjoyed a tiny relief bounce in the final week of May, halting the larger price decline. This year, trading conditions have been choppy, but the overarching tone remains risk-off.

With Bitcoin (BTC) leading the way, most alternative cryptocurrencies (altcoins) are starting to see relief bounces. For example, Ethereum (ETH) has seen a 1.43% increase in price in the last 7days. Although some altcoins are still on the downtrend, examples are SOLANA (SOL). Meanwhile, Cardano (ADA) and Stellar (XLM) are the big performers in the top 50 cryptocurrencies, increasing by over 20% during the week.

However, the most important price movement in the market is from WAVES. WAVES outperformed the remaining tokens in the top100. The cryptocurrency gained over 100% during the last seven days, with a current valuation of $10.06.

Nevertheless, let’s review what the 18Digits community sentiment tells us about the possible future gainers and losers.

18Digits Top 18 Voting Results

This week saw Ethereum (ETH) gain a spot to overthrow Bitcoin (BTC) as the most voted cryptocurrency by the 18digit community on the overall chart. Binance Coin (BNB) and Solana (SOL) come in third and fourth place for the third straight week. Cardano (ADA) finds its way back into the top 5 after losing the spot last week to Polygon (MATIC).

The top 18 from the voting results remain the same for the third week in a row. The most notable changes sees the stablecoin Tether (USDT) moving up two places from 17th to rank number 15 this week and TRON (TRX) going up two spots to rank 8th.

PancakeSwap (CAKE), Stellar (XLM), and Bitcoin Cash (BCH) complete the chart as the bottom three of the Top 18 voting results chart for week 22.

Biggest Gainers and Losers Voting Results

As always, there have been cryptocurrencies that have raced to the top thanks to thousands of community votes, and this is exactly the situation with our biggest gainer, Carbon Credit (CCT). CCT moved up to 355th place after gaining 15,861 positions. The second-biggest gainer is Jubi Token, which has advanced 7,627 positions. The most noticeable token on the largest gainers list is EQIFi (EQX), which rose 7,485 spots to rank 667 on the overall chart after rising just over 4000 spots last week.

Spice Trade, Balancer Boosted Aave USD, Trust Wallet, Hacken HAI, and Konnect are on the losing end of the crypto spectrum, falling 16,000+ positions to the bottom of the 18Digits ranking.

Every week, you can register to vote for your favorite cryptocurrencies on the 18Digits platform and get free tokens. This article is not financial advice. Do your own research.