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Tag: The Protocol

  • Crypto Performance Review: Top Weekly Gainers and Losers

    With the crypto market finally showing some much-awaited signs of recovery, bulls did not take much time to react, and rushed the most promising names, as market sentiment improved. Several cryptocurrencies saw their prices take off remarkably in the last seven days. At the time of writing this newsletter, the top weekly gainers stand as follows:

    Crypto

    Top Weekly Gainers

    Niobium Coin

    Among all the winners seen this week, none compare with the sheer magnitude of the rise seen with that of Niobium Coin (NBC). The coin, in just a seven-day period, took on a staggering climb from $0.0018 to its present price of $0.0558, which translates to a whopping weekly gain of over 3000%. This bullish pump comes in spite of having no developments announced whatsoever, and volume has taken off from practically $0 to over $700,000 in hardly three days.

    Tap

    Tap (XTP) is yet another project that brought on an unparalleled take-off throughout the prior week, in its rise from $0.00027 to its present high of $0.00700. This phenomenal price trajectory works out to a weekly gain of almost 2500%, bringing much cheer to those who timed their positions correctly on XTP. The cryptocurrency saw its volume surge from barely $500 to over $2.5 million, as the news announcement came in, relating to the project’s successful RTO and entry into public markets.

    DogeKing

    After a relatively quiet week, DogeKing saw a price explosion yesterday, which tripled its price in a single day, and put its weekly gain figure at a remarkable 248%. Like most winners this week, its volume had also seen an explosive, rather than a steady climb, as it went from less than $5000 to $1.6 million in a matter of days. Most of this growing hype comes from social media meme-coin enthusiasts, who have been rushing their favorite canine-themed player, as the market began its ascent toward recovery.

    Gala

    Another giant winner this week is Gala, which has blown onlookers away, not necessarily due to its weekly gain of 164%, but its sheer volume, which currently stands at $1.54 billion. Gala is the 90th largest name in the crypto-sphere and the widely accepted king of crypto-gaming. It has recently made a string of announcements, including an acquisition of Ember Entertainment, becoming the official token for Town Star Game, and also the Gala film project. Above all, it is a natural beneficiary for improving crypto-market conditions, rising as the bear market approaches its close.

    Shibnobi

    Shibnobi (SHINJA), in a single week, saw its price steadily climb from $0.000058 to its present level of $0.000161, denoting a remarkable 178% weekly gain. With SHINJA almost tripling its price, it boasts a trading volume currently exceeding $5 million. A significant catalyst for this pump seemingly is a recent announcement by developers, that no gas fees or taxes will be charged on SHINJA transactions for the next 29 days.

    Top Weekly Losers

    Where bulls take the rise, bears too naturally follow. This has proven to be especially true in the crypto markets with improving optimism among traders and investors. A number of cryptocurrencies undertook hard falls this week, bringing severe losses to their holders. At the time of writing this newsletter, the following stand as the top weekly losers:

    hiDOODLES

    hiDOODLES continues its losing performance, as we reported in the prior week, and thus once again making it to our list of weekly losers for the second time in a row. In merely 7 days, hiDOODLES saw a sustained price plunge which took it from $0.20 to less than $0.04, essentially shedding 85% of its price. This downward slip comes after the selloff which brought the artificial price pump to a grinding halt.

    Crypto Arc

    Crypto Arc (ARC) has been seeing hard price plunges throughout the week, as well as attempts to fight back, which have all eventually proven to be futile. Throughout the prior week, as talk of a potential rug pull began making the rounds, ARC saw a hard sell-off, which took its price from $0.13, to below $0.07. Volume too has been steadily falling throughout the week, from $5.8 million, to present levels of $1.4 million, further dimming the chances of any meaningful recovery.

    The Paradox Metaverse

    The Paradox Metaverse (PARADOX) has also had the misfortune of making it on our list of top weekly losers. In just seven days, its price trajectory demonstrates how it has halved its price during this period. In its fall from $0.06 to $0.03, its volume continues to steadily decline. Paradox’s decline traces back to its initial launch in the market, upon which point it was trading at $0.10. Prospects for a turnaround seem unlikely based on this momentum and wider volume trends.

    hiMOONBIRDS

    hiMOONBIRDS has been in the market for barely a week, after its ICO, and has been on a declining path since. It has trimmed over half of its initial price of $0.023, given its current price point of $0.011. It is apparent that bulls are backing off from this fight, with volume steadily coming down from $5 million to $900,000 at present. A number of traders continue to watch this trajectory closely, hoping desperately for a bottom to set in.

    THE Protocol

    THE Protocol (THE) is a cryptocurrency that has been in the trade since mid-November and has yet to find the bullish momentum to bring it the gains it seeks. As of yet, there is no end to its downward slip, with a further fall of 45% coming in just the last seven days. Such performance is typically expected of new players and could see a turnaround as developments and major announcements are seen in the future, showing the market some promise for growth.

  • Cryptocurrency Winners and Losers of the Week

    Cryptocurrency Winners and Losers of the Week

    As the cryptocurrency market continues its persistent fight to make an upward breakthrough, the bulls and bears in the market continue to battle it out. This struggle between both sides apparently shows in the price movements of various cryptocurrencies. A number of significant winners emerged last week, demonstrating a price gain of significant proportions. These top weekly gainers are as follows:

    Top Weekly Gainers

    Anubi Token

    Anubi Token stood as the top winner this week, with its impressive gains of nearly 290%, in just a matter of a few days. This token has recently been floated in the market and has been met with significant hype among traders, especially since yesterday. Within just 24 hours, Anubi’s volume exploded from barely $1,500 to a staggering $1.4 million. This is the driver behind its price jump from $0.00032 to $0.00123, making it the top gainer of the week. 

    Krypton DAO

    Another name amongst crypto-winners is Krypton DAO (KRD) which performed spectacularly this week, having tripled its price from $0.30 to over $0.90 in only seven days. Throughout this time, KRD showed to be supported by high levels of volume, taking it to new highs without falling corrections. This upward momentum, however, may be approaching a close, considering its volume drop from $14 million yesterday, to only $1.3 million at present.

    Radiant Capital

    Radiant Capital (RDNT) experienced a bullish rush this week, after its announcement of shifting to the eco-friendly, Binance Chain. After a steady decline throughout the week, RDNT took off on Sunday, when the announcement came, resulting in a weekly climb from $0.014 to $0.063, in a single day, denoting a spike of 350%. In the following days, however, RDNT stabilized and is now trading at $0.049, putting its net gains for the week at 184%.

    Buffer Finance

    Buffer Finance (BFR) enjoyed a highly successful week, of a dynamic climb, which coincided with supporters pumping the cryptocurrency through both Twitter and Telegram. BFR took on a bullish rise from $0.13 to a high of $0.54 yesterday, which translated to a gain of a whopping 315%. After this high, however, BFR has fallen substantially in a price correction to $0.32, leaving its net gains at a still impressive figure of 153%, over the week.

    Lunr Token

    The recent rise of Lunr Token too has been highly impressive and is worth mentioning on this list of weekly winners. The token remained somewhat unchanged in its price for most of the week, until Saturday, when supporters on social media began pushing for a price pump. Trade volume surged from $400,000 to over $2.4 million, which took Lunr up from $0.10 to its present high of $0.28 in barely three days. This translates to a net weekly gain of 180%.

    Top Weekly Losers

    Considering that the wider crypto market as a whole is presently resting in a state of uncertainty, it comes as no surprise knowing that the week also brought in a number of losers. Several cryptocurrencies saw their prices fall quite significantly over the week. As of the time of writing this Stocks Telegraph issue, these weekly losers were as follows:

    CakeWSwap

    CakeWSwap (CAKEW) came with a dismally disappointing performance after a severe plummet earlier today. Throughout the week, CAKEW has been steadily rising from $22.60 to $34.90 until yesterday. However, after a social media vote, CakeWSwap developers made the decision to deploy Aptos for the project, which caused a disastrous reaction in the market. The cryptocurrency fell almost instantly from $34.90 to $0.24. CAKEWSWAP has shed 99% of its price during the week.

    Paper DAO

    Next, we take a look at Paper DAO (PPR) which turned heads in both directions during the week. Last week, PPR surged instantaneously from $0.046 to $0.335, amounting to a 630% price explosion. This was after a phenomenal performance in the project’s collateral markets. The week had its phases of descents and climbs. This all came to a crashing halt yesterday when PPR price collapsed from $0.28 to $0.0013, which was even below its starting point of the week. The cryptocurrency is presently trading 96% below its price of 7-days ago.

    GetKicks

    After a successful ICO, GetKicks (KICKS) began circulation in the secondary market exactly a week ago and started off with a heavy price collapse. KICKS began trading at $0.034 and stood at $0.014 by the end of the first day. Throughout the week that followed, the crypto-asset continued its persistent fall and is presently trading at $0.0074, which is almost 80% below its initial price. Volume throughout this time has steadily been persistent above the $5 million mark.

    All Sports

    All Sports (SOC) has been on a downward fall for a full month now, falling from $0.0120 to its present low of $0.0016. This week was hardly any different from its loss-inducing performance of prior weeks, as SOC continued its freefall. This morning, however, brought on one of the sharpest freefalling plummets the asset has seen in its price trajectory in an instant drop from $0.0043 to $0.0018. The net SOC loss for the week stands at over 70%.

    The Protocol

    The Protocol (THE) is a week-old cryptocurrency that has been falling severely, despite epic levels of trade volume, which presently exceed $29 million. The last seven days saw THE rise from $0.014 to as high as $0.038. The rollercoaster price trajectory of ups and downs, coupled with a large volume suggests a tug-of-war between bears and bulls regarding THE. THE is presently down 62%, from seven days ago, but its price trend shows an attempt at an upward fightback by the bulls.

  • Most Recent Crypto-Winners

    Most Recent Crypto-Winners

    Even though the extreme fearful sentiment in the market remains pervasive, this has not stopped market bulls from driving up prices of cryptocurrencies to new heights they had never previously surpassed. The following cryptocurrencies, as of the writing of this article, reached their all-time highs in recent days:

    Risu

    Risu is the first name on our list of ATH winners, which is a one-month-old cryptocurrency, that has taken off spectacularly yesterday, following a roadmap update by the developers of the project. This saw RISU jump suddenly from $0.00019 to $0.00065, taking it up to a new height it had not previously jumped to before. Prior to this, the previous ATH point was $0.00047, which RISU had reached the beginning of October.

    Raresema

    Raresema (POOP) has also turned heads in the market after it successfully reached $0.098, earlier today, a price it had never made it to previously. This rise did not prove to be a short-lived peak, considering that POOP has fallen only 4% from this ATH point. This suggests that the cryptocurrency could very well cross the 10-cent mark, which would be a tremendous milestone achievement in its price trend.

    MetFi

    MetFi (MFI) has been in the trade since early July, but it was not until September that it truly began its epic take-off. MFI has been on a gradual rise ever since, which culminated in it crossing its mid-September peak of $7,795 yesterday. This brought the crypto-asset an ATH of $9,088, which has been highly remarkable, pushing it on the verge of a five-figure region.

    3X Short PAXG Token

    3X Short PAXG Token (PAXGBEAR) has been in circulation since early 2020 and has been steadily rising from its all-time low of $2,951 ever since. The token captures bearish sentiment towards PAX Gold, which has been declining severely in the last week. As a result, PAXGBEAR continued its resilient upward rise, and made it to a new ATH, crossing the $13,000 mark.

    PDX Coin

    PDX Coin had hovered close to the $21 mark since its initial circulation in the crypto-market in April, this year. It was not until last month that PDX began its bullish rise, which has been consistently pushing it to new heights with each oncoming day. Its most recent achievement comes yesterday when the coin had made it to $39.97, making its rise to $40 imminent later today.

    Top Movers (24H)

    As some crypto-assets made news by raising the bar, making it to new all-time high points, others delivered wins by showing price appreciation by substantial degrees within a single day. These top crypto-movers have proven to be winners to their holders, taking their investment amounts to higher fair values. At the time of the writing of this Stocks Telegraph issue, the following names stand as being the top movers from the last 24 hours:

    7S

    7S boasted the most impressive take-off among cryptocurrencies today, given its single-day rise from $0.000034 to its present price of $0.000205. This impressive rise translates to almost 460%. 7S began trading in the secondary crypto-market today, and bulls have been raising the bar to where they believe this promising cryptocurrency stands. Although many market participants remain cautious given that little information has been revealed about the project or its use case.

    Bitindi Chain

    Bitindi Chain (BNI) was yet another crypto-winner today, after seeing a 165% price rise from $0.031 to a high of $0.079. The interest comes after the project’s management team undertook a Reflections payment, signaling an ecosystem expansion that many in the market had desperately been awaiting. Given the news, trade volume for BNI almost doubled from $500,000 yesterday, to over $1 million today. Based on the momentum trends, many expect this growth trajectory to continue throughout the day.

    The Protocol

    The Protocol (THE) also undertook a tremendous rise in the last 24 hours, given its reputation as a meme currency that its followers claim is the ultimate rival to the dogecoin. THE doubled in price today from $0.018 to $0.036 in a steady path. Given the sheer hype of the cryptocurrency, the trade volume too has doubled since yesterday from $7 million to over $14 million at present.

    DMM: Governance

    DMM: Governance (DMG) earlier today, experienced a staggering price explosion of over 600%, taking its price up from $0.0083 to $0.0600. This immediately triggered a volume rush from $2.5 million to over $22 million, bringing a correctional price plummet down to $0.01. Throughout the day, however, DMG has been persistently fighting to steadily climb high. As a result, it delivered a net gain of almost 80% in the last 24 hours alone.

    Diamond Launch

    Diamond Launch (DLC) remained stable around the 10-cent mark throughout the day, until the last few hours when its price jumped up unexpectedly from $0.10 to $0.15, translating to a gain of 55%. Since trade volume has seen an explosive rise from $300,000 to over $5 million, many anticipate these gains to climb much higher throughout the rest of the day.