It is evidently a confusing time for the wider global economy, both from the perspective of conventional financial securities, as well as that of crypto-assets. Despite this, however, a number of cryptocurrencies have emerged with gains that have been pushing them up to impressive highs, in the last week. At the time of the writing of this Stocks Telegraph issue, the following names stand proud among the top weekly gainers:
Top Weekly Gainers
The greatest gainer of the week was Genesis Finance (GEFI), which had a gain of an astounding 900% and saw its price balloon in the last 7 days from $0.00015 to $0.002083. Just two days into the week, this comparatively unheard-of cryptocurrency swept the market by storm, peaking at a 1280% increase. It is impressive that it GEFI presently holds a daily trade volume of over $3 million suggesting further upward momentum
Tamadoge (TAMA) is the second cryptocurrency we look at, which reached a weekly gain exceeding 530%. Despite trading for less than a week TAMA rose from its initial price of below 2 cents to an all-time high of $0.1656. In just the last 24 hours, TAMA exploded in price by nearly 75% and a whopping 740% since Friday. Given this stellar growth in the last week, TAMA holds a daily trade volume of a whopping $50.4 million.
Another cryptocurrency making headlines this week was Qatar Inu (QATAR), with an indication of its upward momentum finally slowing down. Just in the past week, STG price appreciated by 323%. The asset’s gains now seem to be short-lived considering its price fall of 45% in just the last 24 hours. Qatar Inu is currently trading on the market for $0.00047 at the time of this writing.
Another exciting token to look at this week is WhiteBIT Token (WBT), which had a meteoric rise in value over the past week, rising from $3.9 to its current price of almost $12. This increase represents a growth of about 230% over the course of one week. WBT traces its phenomenal rise to late September when it has been climbing on a wild growth trajectory. Given its impressive momentum of the last week, the token is likely to continue its growth ride.
DaoVerse (DVRS), despite the dismal fall it has faced in the last 24 hours still holds net gains in the last week that make it amongst the winners worth mentioning. Between Friday and Saturday, DVRS exploded in price from $0.000081 to $0.001171, denoting a climb of over 1300%. After its peak on the weekend, DVRS has fallen back down to realistic levels, bringing its weekly gains down to ‘only’ 199%. Impressively, the cryptocurrency has tripled its price over the week, despite the hard fall from its peak.
Top Weekly Losers
Unfortunately, the losses of the last week outnumbered the gains by a sizeable margin for those that held exposure to various currencies in the crypto-sphere. As a result of many bearish traders were increasingly selling off their holdings due to the wider macroeconomic circumstances. The outcome of this was a fall in the prices of the virtual currencies they had invested in. Some of the week’s poorest performers include those listed below:
The Cryptokki (TOKI) cryptocurrency has appeared to be in a plummeting fall the past seven days with no signs of recovery. TOKI had been falling steadily for the last 12 days, but it was not until last Saturday that the cryptocurrency undertook a deadly fall. In just a seven-day timespan, TOKI has lost 96% of its price, with the losses of just the last 24 hours at almost 35%.
Another poor crypto-performer from the last week was ETHA Lend (ETHA), which caused its holders to suffer large losses. Its price was $0.083 at the beginning of the week and then dropped to its present low of $0.036. The price drop has been consistently spaced out in a steady decline over the span of the last 7 days, amounting to a 57% price loss during this time period.
In the last week, Fidance (FDC) also had a sharp decline, which resulted in a huge investment loss for its holders. FDC is currently trading at all-time lows with a present price of $0.00006789. The crypto-asset has shed more than 58% of its price in the last week, and is down almost 98% from its peak of barely 12 days ago. Its present trade volume of nearly $1.5 million suggests that the selloff still has plenty of force to keep FDC falling to new lows.
ASSAPLAY (ASSA) too had fallen hard in the last week, trading at less than half the price it did on Tuesday last week. During this time, the crypto-asset, ASSA has gone down from $0.012 to a disappointing $0.0037. This digital asset has been going on a downward path since its entry into the market in May of this year, a fall it has never shown to have recovered from. In just the last week, ASSA has gone down a further 52%.
Monopoly Millionaire Control
Monopoly Millionaire Control (MMC), the final of this week’s major crypto-losers, dropped from $0.081 to an all-time low of below $0.017, a drop of about 79%. MMC has been falling hard since late August and experiencing a roller coaster of peaks and troughs through September. The prior week, however, has been one of the worst for the cryptocurrency. It is worth mentioning though, that in the last 24 hours, MMC climbed by almost 7%, which coincides with a volume surge of 40%.