The top five cryptocurrencies that rose and fell the most in the week
Five cryptocurrencies are up as much as 70% in this week of market recovery, which is back to more than $1 trillion. The bullish period is driven by a rally in bitcoin that gave investors some relief this week, in addition to the easing of events that caused the general market downfall, such as the collapse of Terra (Luna).
Bitcoin (BTC), for example, has risen by almost $1,000 in the last 24 hours and is up around 12% in the week. Ethereum (ETH) also trades higher, and combined 30% gain over the same period.
On the other hand, but not on a large scale, some altcoins have dropped by as much as 20%. Here are the top five cryptocurrencies that have risen and fallen the most in the last seven days, following data from CoinMarketCap.
Cryptocurrencies that rose the most in the week
Ethereum Classic (ETC) — up 70%
Champion of appreciation for the week, Ethereum Classic (ETC) started to show strong performance even on Saturday (16), when it was traded in the range of US$ 14. At the time of writing, ETC is worth US$ 25 on most exchanges, an accumulated increase of 70% in the last seven days.Source: Coinmarketcap
Bitcoin Gold (BTG) — 50%
Bitcoin Gold, one of the oldest Bitcoin forks, also returned to the scene this week, with a cumulative 50% rally that started to show signs also last weekend. At the time of writing, the coin is trading at $23.
Ethereum (ETH) — 48%
As described at the outset, Ethereum is up 30% for the week and was one of the few top 5 cryptocurrencies to show bullish signs before the current market rally.
By mid-June, ETH was already recovering, at least in part, from the crypto winter. At the time of writing, ether is trading at $1,560.
ApeCoin (APE) — 44%
ApeCoin also gave bullish signals over the past weekend, when its slightly falling price ranged between $4.40 and $4.70. As of Friday, the APE token is trading at $6.50, which is up 44% over the past seven days.
Read DAO (LDO) — 42%
The LDO token, trading at the time of writing in the $1.60 range, is up 42% for the week. The rally came after the altcoin nearly dropped below $1, also last Saturday.
The highlight for this crypto asset is its high added over the last 30 days, which exceeds 200% this Friday afternoon (22).
Altcoins that dropped the most in the week
Terra Classic USD (USTC) — Down 18%
From the price and volatility, Terra Classic USD – as the former UST is now called – doesn’t even look like it was once a stablecoin with $30 billion in market cap.
By the floor of the carriage, its holders still dream of one with a 1-1 parity with the dollar, given the appreciations at the end of June. Quoted at $0.038 at time of writing, the USTC has seen an 18% drop in the past seven days.
Elrond (EGLD) — -6%
The EGLD token is down 6% over the past seven days and is trading this Friday afternoon at around $56. The weekly loss is not that different from the monthly loss, which is 4.5%.
Amount (QNT) – -6%
Quant has been oscillating in recent days between US$ 100 and US$ 110 and has accumulated a devaluation of around 6% in the week. But it is worth remembering that in the last 30 days, the altcoin’s high was above 80%. At the time of writing, the QNT token is priced at $98.
Internet Computer (ICP) — -3%
ICP is a token that, when it appeared about a year ago, caught the general attention of the market for suddenly entering the top 10 of the biggest cryptocurrencies, worth almost $400. But its price has been collapsing ever since. At the time of writing, the ICP is quoted at $6.60 and is down about 3% weekly.
Arweave (AR) — -2%
The AR token, which depreciates the least in this group, has accumulated a drop of 2% in the last seven days, but at the time of writing its chart shows a downward trend in the coming hours, as it drops above 7% this Friday afternoon, when is trading at $13.30.
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