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  • 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.

  • 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.