Thursday, November 16, 2023, marks a steady phase in the crypto economy, maintaining a value of $1.4 trillion with a modest increase of 0.44% in the last 24 hours. Concurrently, despite the seven-day downturn experienced by both bitcoin and ethereum this week, a notable 39 cryptocurrencies have achieved double-digit growth. Notably, celestia (TIA) and yearn finance (YFI) have seen significant surges, recording triple-digit increases in their value.
The Week’s Biggest Crypto Gainers and Losers
Despite a minor slump last week, with BTC and ETH declining by 1.9% and 2.1% respectively over a seven-day period, a significant number of cryptocurrencies fared much better. This week, celestia (TIA) emerged as the top performer, rising 122% against the U.S. dollar.
Close behind was yearn finance (YFI), registering a 119% uptick against the greenback. Following these, thorchain (RUNE) also experienced a notable increase, climbing 71% in the past week.
This week also saw impressive climbs from several other crypto assets. Avalanche (AVAX) leaped by 66%, while 0x (ZRX) ascended 62%. FTX token (FTT) also showed a notable increase, rising by 57%, and kaspa (KAS) escalated by 50%.
In total, 15 crypto assets experienced growth of 30% or more over the past week. Additionally, 23 tokens surged over 20%, and 39 cryptocurrencies reported double-digit gains.
However, the week wasn’t favorable for all, as some faced significant declines. Gas (GAS) witnessed a steep 55% fall, tellor (TRB) decreased by 36% against the U.S. dollar, and storj (STORJ) dropped by 16%.
A total of 11 crypto tokens witnessed double-digit losses this past week. 39 crypto assets in total shed more than 5% in value against the U.S. dollar. 50 digital currencies dropped 3% or more this week.
In terms of the last 30 days, ORDI leads the pack rising 741% and RUNE follows with its 324% gain. Makerdao’s (MKR) was the biggest loser last month, shedding 2.7%.
What do you think about the week’s biggest gainers and losers in the world of crypto trading? Share your thoughts and opinions about this subject in the comments section below.
Source: Bitcoin
