Top Five Unchanged In Bearish Market
Hello, 18Digits community! It’s great to have you back, and what a week we’ve had. It’s review o’clock again, so sit back as we analyze week 24’s voting results. As usual, we’ll start with a quick assessment of the general state of things in the crypto market. Then, we shall analyze how you voted this week.
Before you continue to read this article, please be aware that this material is not intended to provide financial or investment advice. It would be best to do your own research (DYOR) before investing or engaging an expert.
The State of the Market
The market has been volatile all week, with the bears pulling more weight. Bitcoin and Ethereum have plunged by 29% and 38%, respectively, in the past seven days. For the two most popular cryptocurrencies, it has been a battle of keeping the prices above strategic marks. The bulls are struggling to keep BTC above $20,000 and ETH above $1,000. As expected, things were not so much better for several Altcoins as they also declined in value this week.
In the last seven days, Binance Coin (BNB) decreased by 24%, Cardano (ADA) by 19.50%, Solana (SOL) by 20.75%, and Tron (TRX) by 25.03%.
Let’s look at what the 18Digits community has to say regarding potential future gainers and losers.
18Digits Top 18 Voting Results
The top five tokens from last week remained unchanged after voting was concluded this week. Ethereum (ETH) keeps its place as number one, with Bitcoin (BTC) and Binance Coin (BNB) coming in second and third, respectively. For the fifth straight week, Solana (SOL) remains fourth while Cardano (ADA) rounds up the top 5. Polygon (MATIC) also maintains its position at sixth. Shiba Inu (SHIB) gains two positions from last week into 7th, Litecoin (LTC) drops one spot to 8th, while Dogecoin (DOGE) breaks into the top ten as it climbed two positions to 9th. Tron (TRX) drops two positions, but it still does enough to be in this week’s top ten.
Polkadot (DOT), Ripple (XRP), PanCakeSwap (CAKE), Avalanche (AVA), and Tether (USD) take the 11th to 15th spots. Stellar (XLM) and Terra (LUNC) exchange last week’s spots as they take the 16th and 17th spots, respectively. Bitcoin Cash (BCH) joins the top 18 this week as it gains two spots.
Biggest Gainers and Losers Voting Results
Every week we rank the tokens on the chart with the most positive changes in positions, which suggest incredible support by members of the 18Digit community. We also rank the tokens not backed by our community and have dropped on the chart.
The biggest gainer of the week is MoveZ (MOVEZ), moving up 18,920 places to rank 772. Energy Web Token (EWT) takes second place on the biggest gainers chart advancing 11,898 places to 617 on the overall chart. Inflated Adjusted USDS (IUSDS), Kawakami Inu (KAWA), and BitcoinXGames (BTCX) complete this week’s top five biggest gainers.
On the other hand, Beeco (BECO), MetaoneVerse(M1VERSE), Lucky777(777), Freedom Gold (FRG), and Baby Shark (SHARK) ranked as the top 5 biggest losers for week 24.
Note: Every week, you can register to vote for your favorite cryptocurrencies on the 18Digits platform and get free tokens.