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Tag: Phoenix Global

  • Crypto Winners and Losers of the Week

    With the crypto-markets now officially falling into dark territory, confidence in the wider market seems to be at a multi-month low. Despite these pessimistic and uncertain sentiments by traders and investors, a number of cryptocurrencies have still proven to be winners. At the time of the writing of this update, the following names stood tall as the biggest winners of this week:

    Metanept

    Metanept (NEPT) was part of a rocketing climb this week, growing far more than any other cryptocurrency could conceivably achieve, especially in the present climate of uncertainty. NEPT, by yesterday, had exploded from $0.0084 to over $0.32, in a growth spurt amounting to over 3700%. Although this peak was somewhat corrected almost immediately, the gains for the week still stand at almost 850%. Momentum seems to be well-charged, with NEPT doubling itself in just the last 24 hours, and trade volume presently standing at $1.3 million.

    Fidance

    Fidance (FDC) has been another name in the cryptoverse with a beyond-epic climb of over 730% since last week. FDC peaked for the week on Saturday, hitting $0.00234, at which point its gains stood at over 2000%. Ever since then, the cryptocurrency has been slowly falling, yet its climb remains incredible given the growth it has managed to retain post-correction. Its trade volume appears stable at present, at the $1.5 million mark.

    Qatar 2022 Token

    Qatar 2022 Token (FWC) has finally been seeing favorable action for the first time in at least six months, given an impressive take-off in an upward flight. FWC climbed by 300% in the last week, and 40% in the last 24 hours alone. This rush appears to hold momentum, which may very well continue to and through the FIFA world cup held in Qatar, in November this year. Trade volume at present remains somewhat modest at $1.7 million, yet this may very well surge as promotion and hype around the world cup ramps up across social media, as November approaches.

    Viberate

    Viberate (VIB) has been seeing incredible hype in the market, with both bulls and bears battling it out, and influencing the cryptocurrency’s price. VIB has gained 160% in the last week alone, with present trade volume exceeding the $33 million mark. Despite these spectacular figures, the past few days have seen hype somewhat diminishing for the cryptocurrency, as at one point its gains stood at over 720% and volume at a whopping $527 million. Despite this, its present gains, even after the cooldown, still put Viberate among the week’s big winners.

    LoopNetwork

    LoopNetwork (LOOP) too has turned out to be a name in the crypto-verse with a weekly performance that is certainly worth mentioning. For most of the week, the LOOP cryptocurrency has been on a slow but steady climb, constantly pushing upwards from its starting point of $0.025. In the first 5 days, it succeeded in making it to $0.032, but it was not until Sunday that LOOP truly took off. Earlier this morning, LOOP hit its all-time high at a price of $0.071, pushing its weekly gain up to an impressive 184%.

    Top Weekly Losers

    Although, despite the bleak circumstances surrounding crypto-markets, a number of winners certainly emerged. However, the market as a whole produced a far larger amount of losers, with the crypto-verse generally seeing a trend of traders pulling out, rather than pouring cash into the market. The result, therefore, was some seriously disappointing crypto-trends. As of the writing of this Stocks Telegraph update, the week’s losers are as follows:

    ETHPoW

    As many had already anticipated, following Ethereum’s merger with PoS, the biggest weekly loser was the ETHPoW. Interestingly, the cryptocurrency was off to a positive start during the week, climbing up from $30.71 to $60.68, almost doubling its price in just two days, till Thursday of last week. As the merge saw completion, however, ETHPoW saw a corrective plummet, which has it presently trading at $5.71, with a weekly loss of over 80%. With a trading volume of over $180 million, it seems apparent that sentiment surrounding this cryptocurrency remains overwhelmingly pessimistic.

    ITSBLOC

    ITSBLOC (ITSB) was an especially disappointing crypto player this week, primarily given its anti-climatic price trajectory. The cryptocurrency started off as a rising star, and many expected to make it to the list of big winners of the week. In just two days ITSB doubled its price from $0.36 to $0.72, and then took an instantaneous plummet, pushing it down to $0.12. The following days saw an attempt at a fightback, with its present price at $0.14, and its loss for the day and the week standing at 81% and 62% respectively.

    hiODBS

    hiODBS has been another disappointing name that was a big loser this week, falling spectacularly by 72%. This cryptocurrency initiated trade in the markets only last week, and the timing for this has been unfortunate, given some of the most bearish climates the wider crypto-sphere has seen this year. hiODBS initially climbed from $0.0190 to $0.0240 on its first day but has been falling ever since. At present, it is down to $0.0052, with its downward trajectory hardly showing signs of a slowdown.

    Phoenix Global

    Phoenix Global (PHB), after its spectacular performance throughout the prior month, climbing by over 470%, finally saw its hot spell dying down with its dismal performance in the last week. In the last 7 days alone, PHB fell from $2.36 down to $0.93, a loss which translates to almost 60%. With its $35 million trade volume for the day, it appears evident that holders are pulling out their capital from the cryptocurrency in large numbers. This comes in wake of the bearish conditions anticipated in the coming days and weeks.

    AirDAO

    AirDAO (AMB), also proved to end up in disappointment for those that were backing it, with its prices cut down to almost half in just the last seven days. Its descent from $0.042 to its present price of $0.021, indicates how the market seems wary of AirDAO. Based on the trends, it is likely that this selloff may very well cool off and attain stability, as trade volume has come down from $190 million, a week ago, to a mere $7 million at present.

  • Weekly Winners and Losers in the Cryptocurrency Space

    Weekly Winners and Losers in the Cryptocurrency Space

    Now with the dark days seemingly behind in the cryptocurrency markets, bulls have been rushing to drive up assets that they have reason to believe will result in gains. Given the positive recovery trend in some of the biggest crypto-names, a number of digital currencies experienced impressive climbs throughout the week. As of the writing of this article, the following cryptocurrencies achieved the most spectacular rise since last week:

    Top Weekly Gainers

    Phoenix Global

    Phoenix Global (PHB) stood as the biggest winner of the week by a long shot, ballooning from $0.21 to $2.37 in a matter of only a seven-day period. This rise amounts to over 1000% and reflects the highest rally that PHB had been a part of since its existence. The hype surrounding this cryptocurrency can be gauged through the surge in trade volume which was less than $600,000 in the prior week and is presently at almost $530 million. Interest around PHB seems extremely high, with bulls anticipating it to push past the $3 mark today. Only time will tell if such a climb is ever actualized.

    Franklin

    Franklin (FLY) has been another big performer, that was in the market’s spotlight after an intense roller coaster of a price trajectory seen since last week. FLY was off to a slow start on the first day of the week, barely moving much. The second day, however, saw the cryptocurrency take-off in incredible flight from $0.00050 to a staggering high of $0.00640, which amounted to a single-day rise of nearly 1180%. The following days saw a hard plummet, and an attempt at a fight back, followed by a steady descent throughout the week which continues till the present. Amidst the rises and falls of the week FLY still is up 420% since its price a week ago, making it a big winner of the week.

    Ambrosus

    Ambrosus (AMB), has been taking off in an upward flight, with no indication of a drop-down, anytime soon. The cryptocurrency was priced at $0.0094 exactly a week ago and is presently pushing upwards beyond $0.0463. This translates to AMB growing almost 5 times in price in a single week. A growth rise of this nature could make fortunes for those that had ensured exposure to this rising star throughout these seven days. Daily trade volume for the cryptocurrency has also been rapidly rising by the hour, and presently stands at almost $190 million.

    Kambria

    Kambria (KAT) stands as another name amongst weekly winners, which has more than tripled its price in the week. The weekly trend for the cryptocurrency has been largely stable and climbing very steadily for most of the week. The wonder started yesterday when KAT abruptly exploded from $0.000671 to $0.004496, in a matter of hours. This sudden growth of 570% was followed by an immediate drop and a steady decline for the rest of the day. Despite this correction, however, KAT is still up 210% since last week, with a daily trade volume presently at almost $5 million.

    Viberate

    Viberate (VIB) also made it on the list of the week’s big winners. The trend throughout the week has been positive, and climbing continuously without fail, pushing VIB up from $0.019 to $0.049, translating to a growth of 158%. Despite being a consistent climber since mid-June, its jump in the last week is the sharpest in the cryptocurrency’s trade history. With today’s trade volume exceeding the $8 million mark, only time will tell how much higher this star is going to rise.

    Top Weekly Losers

    Although the week has been positive for many cryptocurrencies, with confidence returning once again to the market, not all have basked in the glorious gains that many anticipated. Unfortunately for many, a number of cryptocurrencies fell hard in the last week, resulting in serious losses for those placing bets upon them. The following were the biggest losers of last week:

    DaoVerse

    DaoVerse (DVRS) came in with one of the most substantial losses of the week, falling by almost 70%. DVRS was also listed amongst the top weekly losers in our last week’s update, indicating another disappointing week for its holders. The cryptocurrency is down to $0.000292, whereas a week ago it was up at $0.000987, and at $0.03124 on the week before that. The cryptocurrency has been on a constant free fall since mid-August, continuously dropping to new lows. Trade volume since last month has been consistent at close to the $1.5 million mark.

    DigitalBits

    DigitalBits (XDB) was another name among the unfortunate cryptocurrencies of the prior week that fell quite hard, compared to the wider market. XDB declined in 7-days from $0.0074 to $0.0029, translating to a weekly depreciation of nearly 60%. The fall has not been uninterrupted, as bulls did attempt to fight back, and push up XDB price with temporary success. At one point, the cryptocurrency was trading at $0.0082 in the week. This, however, was unsustainable, and eventually undertook a descent in the following days to its present low.

    Spume Protocol

    Spume Protocol had also fallen sharply in the last 7-days cutting its price in half, from $0.21 to $0.10 in this period. With the exception of a brief climb on Thursday, Spume has fallen consistently by at least 10% each day of the week, with its present drop for today exceeding 15%. Its trade volume, which is still at the $1 million mark, suggests that this fall could persist further into the following days, forcing out holders until flatlines.

    Meta MVRS

    Meta MVRS (MVRS) comes in as another big loser of the week despite some extraordinary moments. MVRS fell from $0.000000662 to $0.000000333, which was almost half the price of a week ago, spelling serious disappointment for all backing it. Despite this fall of almost 50%, MVRS did see two brief spikes this week, with the first on Sunday at $0.000000951, and the second on Monday at $0.000001777, which represented the highest point for MVRS throughout the entirety of 2022. These peaks both saw almost instantaneous correction, as the downward descent continued onwards.

    Vita Inu

    Vita Inu (VINU), the canine-themed cryptocurrency has also been on a fall this week, dropping consistently in the last 7-days. VINU fell from $0.0000000378 down to $0.0000000211, translating to a fall of 44%. The cryptocurrency was in the spotlight due to its epic rise till late August, challenging similar assets such as DogeCoin. September however brought the downfall of VINU, with brief fightbacks which could not overcome the force of market bears.