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Tag: SONM BEP-20

  • Crypto Gainers and Losers This Week

    Crypto Gainers and Losers This Week

    Following the sheer bloodbath that everyone saw throughout November, winners continue to become rare gems and are unable to defy expectations. Despite these seemingly insurmountable odds, several names in the crypto game have performed impressively, and have gained by a significant margin over the prior week. At the time of writing this newsletter, the following names stand as being top gainers for the week:

    Crypto winners and losers
    The ups and downs of Crypto

    Top Weekly Crypto-Gainers

    DinoLFG

    The DinoLFG (DINO) rise over the last week, has been one of the most significant in the cryptocurrency realm. During this period it saw a sustained price take-off pushing it from $0.0023 to the $0.0133 point, amounting to an almost 480% climb. This comes as the developing team has announced major ecosystem updates throughout the week, including the launch of the Dino Bank and Dino Game tokens. It must be noted, however, that volume on DINO dropped from almost $37 million to $8 million in merely two days.

    SONM BEP-20

    With a trading volume of over $1 billion, SONM BEP-20 (SNM) stands as the largest winner of the week, in terms of the sheer magnitude of how much it has been traded in the market. SNM has been seeing a surge in popularity following the FTX scandal, given its commitment to fog computing, which uses decentralized networking through disparate user devices across the globe. In the last seven days alone, SNM climbed from $0.17 to $1.13, and thus delivered a weekly gain of over 560%.

    SBF Goes To Prison

    SBF Goes To Prison (SBFP) is one of the most interesting names on the crypto-charts this week. The token is essentially a bet on whether or not Sam Bankman-Fried, the FTX founder will be imprisoned or not. If he does face prison charges, half the SBFP supply will be burned, whereas if this does not end up happening, the other half will be airdropped. Considering that the token made it from $0.19 to $0.82, in just seven days, the market as a whole is actively betting on imprisonment actualizing in the coming months.

    HashBit Blockchain

    The HashBit Blockchain (HBIT) more than tripled its price in the last week, in its climb from $0.000029 to $0.000099. Its trade volume during this time rose from $400,000 to over $4 million. HashBit too, like similar tokens, has been seeing a bullish upward drive, given its complete PoS concept, and the fact that it has been designed to be resistant against nothing-at-stake attacks.

    Marvin Inu

    Marvin Inu is currently the hottest meme-coin out there and has taken off today from $0.00000064 to $0.00000377, putting its weekly gains at 490%. This is a meme-coin based on Elon Musk’s dog, named Marvin, and hence has been seeing soaring popularity with Musk’s launch into the limelight following his controversial decisions after acquiring Twitter. Marvin Inu stands as one of the rare meme coins, which holds substantial utility, with a P2E game, a launch pad, NFTs, and a complete ecosystem.

    Top Weekly Crypto-Losers

    The crypto spaces unfortunately seem to be awash with losers, as confidence in the wider market continues to plummet each week. The FTX fiasco exposed a fundamental vulnerability across the industry, which cannot be rectified without radical regulatory changes. In the wake of this, the following stand as the week’s top losers:

    Safuu

    Safuu underwent a hard plummet yesterday, falling from $3.312 to $0.018, losing about 99% of its value in price. In a single week, its trade volume figure rose from $55,000 to over $4 million. This sudden price collapse came after the team pulled out of liquidation, without warning, and did not allow holders the opportunity for automatic migration. The lack of transparency and communication resulted in a severe loss of confidence, which subsequently led to a mass sell-off.

    VIDT Datalink

    VIDT Datalink underwent a hard drop in the last week, after an almost instantaneous plummet from $0.170 to $0.018, losing most of its price in a matter of hours. This had come about following market-wide panic, that had engulfed most names in the crypto-sphere. The recent days, however, saw a bullish rise of VIDT, as bulls believed the drop took it down below its intrinsic value. Volume has climbed to over $90 million, and the gains in the last 24 hours alone stand at 65%. Despite this, VIDT has shed around 80% of its price in the last week.

    MetaBeat

    The price trajectory for MetaBeat (BEAT) in the last week has been a consistent downward slump, which caused it to fall from $0.0915 to its present price of $0.0201. This translates to a loss of 78% in a seven-day period. Much to everyone’s surprise, the downward trend remained uninterrupted, even upon BEAT’s listing on KuCoin, and attempts at a social-media-driven price rally for the crypto name.

    ROOBEE

    ROOBEE has been steadily slipping throughout the last week until yesterday when it plummeted hard from $0.00066, down to $0.00034, losing almost half its price in just a day. This point was an all-time low for the crypto-asset, suggesting a severe lack of confidence among market participants. Throughout the week, this loss stood at over 60%.

    Hello ART

    Hello ART (HTT) also made it to this week’s list of top crypto-losers, after losing over three-quarters in price, over the last 7 days. The cryptocurrency seemingly has caught up in a wider wave of panic, storming through the market, as investors are rushing towards safer investment options with lower risk and volatility. HTT in particular dropped from $0.00851 down to $0.00196, amounting to a 75% drop.

  • Cryptocurrency Winners and Losers of the Week

    In the calm uncertainty of last week, as well as the brief scares and climb-backs, a number of cryptocurrencies made their way to the top, standing as the top gainers of the week. These delivered substantial earnings to its holders, as a result of its impressive growth trajectory. These are as follows:

    Cryptocurrency winners and losers
    The ups and downs of business and finance.

    Top Weekly Gainers

    Mancium

    Mancium (MANC) stood as the biggest winner of the week, more than quintupling its price from $0.98 to $5.65. This impressive 7-day climb amounts to a staggering 476% and has thus allowed its holders to see their investment balloon over a matter of days. Its volume throughout the week has steadily hovered close to the $10 million mark, which it presently still persists on. This suggests that interest surrounding MANC is far from over, with its climb expected to further continue.

    SONM BEP-20

    SONM BEP-20 (SNM) has been another name in the crypto-verse that had turned heads this week and is likely to continue to do so in the upcoming days. In the last week alone, SNM saw its price shoot up almost to a factor of six, from $0.11 to $0.63 in just three days. In the days that followed, its price eventually came stable at the $0.39 mark. Despite the correction, its gains for the week still stand at over 250%, making it amongst the top winners of the week.

    Vita Inu

    Vita Inu (VINU), the emerging favorite amongst canine-themed crypto-fans, also performed exceptionally during the week, in its almost 200% rise to $0.00000004316. This cryptocurrency brings with it much hype, as it aims to establish itself as a rival to names such as Shiba Inu and even DogeCoin. This hype continues to rocket upwards, with just the last 24 hours bringing a volume jump of over 240%, and pushing the figure above $6 million. Based on these figures, and interest in VINU on social media, its growth trajectory is likely to see further continuation.

    Alvey Chain

    Alvey Chain (WALV) saw somewhat of a rollercoaster ride during the past week, in both its price and daily trade volume. As the week started, WALV jumped up from $0.041 to a peak of $0.185. This jump of over 350% took place in only 48 hours, resulting in surging trade volumes. In the tug-of-war between bulls and bears, WALVS saw dramatic falls in the days that followed, along with impressive rises. Its present price of $0.137 puts its gains for the week at almost 120%.

    Bone ShibaSwap

    Bone ShibaSwap (BONE) also made it on the list of the week’s big winners, as it climbed from $0.76 to its present level of $1.92. The cryptocurrency has shown hardly any resistance in its smoothly persistent climb in the last 7-days, which amounts to 153%. Given such an impressive climb, which appears to still be far from its peak, investors continue to rally the cryptocurrency’s price. In just the last 24 hours, BONE saw its volume jump from $10 million to almost $55 million.

    Top Weekly Losers

    The nature of the market is such that winners always follow through with losers. In the prior week, where a number of cryptocurrencies brought substantial gain to those who had invested in them, others faced disappointment in those bringing price plummets throughout the last seven days. The most significant losers, in terms of their price fall, are as follows:

    DaoVerse

    DaoVerse (DVRS) came in with one of the most substantial losses of the week, falling by over 91%. Starting off the week at $0.031, DVRS is presently down to $0.003. Its price path in the last seven days has been on a persistent free fall with hardly any resistance or fightback. Its trajectory does indicate brief peaks, which are corrected almost instantaneously. Similarly, daily trade volume for DVRS has hovered between the $1 million and $2 million bracket throughout the last seven days.

    Satoshi Island

    Satoshi Island (STC) was another name among the unfortunate cryptocurrencies of the prior week that fell extraordinarily. In its journey from $7.09 to its present price of $2.55, STC’s fall amounts to almost 65% for the last seven days. Although, this loss was cut short, given the 8% gain seen in the last 24 hours, a complete reversal seems highly unlikely. One reason for this is the dramatic fall in its daily trade volume from $90 million yesterday to a mere $13 million today.

    Nodle

    Nodle (NODL) had fallen by over 60% in the prior week, from $0.019 to a present figure of $0.007. Its price curve shows that NODL suffered the most in the first two days, which saw it fall to its all-time low of $0.0063. In the following days, the price has remained relatively stable, rising and following only marginally above and below this price. It is unlikely for this plummet to continue further, especially considering the fast-falling volume of NODL, indicating that price stability is evidently approaching.

    Inflation Hedging Coin

    In an ironic twist of fate, the Inflation Hedging Coin (IHC) seems to have succumbed to inflationary pressures, losing over 50% of its price in the last 7 days. Its fall from $0.000270 to $0.000126, indicates that those looking to hedge their savings against inflation ended up losing almost half the value of their capital. In just the last 24 hours, IHC lost close to 30% of its price, with volume continuously falling by the hour. At present, the cryptocurrency is down to a low it had experienced back in mid-June.

    hiSAND33

    The last of this week’s biggest losing cryptocurrencies is hiSAND33, which saw a drop from $0.0574 to below $0.0253, a fall that translates to nearly 56%. In what appears to be a freefall, hiSAND33 seemingly continues its plummet with no end in sight, with every drop bringing it a new all-time low. Amidst this disappointing decline, its trade volume has remained relatively stable at $1 million, which suggests the fight is far from over. Prospects on the basis of this trend, however, remain bleak.