This has been a bad week for the cryptocurrency. The market is betting that cryptocurrencies will be severely impacted by the FED’s recent increase in interest rates on energy. Even for those who have achieved a weekly profit, it is almost insignificant. Nonetheless, the market’s pattern can be deduced by looking at which currencies have been able to retain their ground in these difficult times. The top weekly gainers are as follows:
Top Weekly Gainers
Celsius is a crypto exchange platform. It was formed in 2017. The native token of the platform is CEL. A few days back Celsius faced a lot of damage but it seems that the price is now recovering. In the past 24 hours, the price has increased by 128% and in the past one week, the price has increased by almost 360%. CEL, at the time of writing, stands at the price of almost $1.52.
In the past week. STORJ is the second-highest gainer. In the past 24 hours, STORJ has increased by almost 18% and in one week, the price has increased by almost 100%. It now stands at the price of almost $0.7. STORJ comes from storage and it is open-source cloud storage.
Synthetix is the third-highest gainer in the top 100 cryptocurrencies. At the time of writing SNX is being traded at the price of almost $3.16. Today the price of SNX has increased by almost 15% and in the past week, it has increased by almost 65%.
Basic Attention Token (BAT)
It is a token that powers the advertisement platform. People can watch ads and earn BAT tokens for that. BAT has been one of the top gainers and we have seen a gain of almost 7% today and in a single week, the price has increased by almost 40%. It is being traded at $0.39.
Elrond (EGLD) is another blockchain. At the same time, it has gained a lot in the past week where BTC was touching the mark of $17k. EGLD on the other hand has gained about 33% in the past week and now stands at the price of almost $62.34.
Top Weekly Losers
NEXO in the past week has been one of the biggest losers. Standing at 81st rank, NEXO has lost about 12% in the past week. Today with BTC bouncing NEXO has also rallied and we saw an increase of 9%. NEXO is an exchange platform and now the coin is being traded at the price of almost $0.7148.
Kucoin Token (KCS)
The native token of a very famous crypto exchange is KCS. At the time of writing, it is being traded at the price of almost $10.84. In the past 24 hours, the coin has shown the movement of $4.6% and in the past week has decreased by almost 9.12%.
Flow is a blockchain that is created to make a new generation of games and apps. FLOW is one of the top losers this week and lost about 8% in its price. It is currently being traded at the price of almost $1.49.
Bitcoin Cash (BCH)
BCH is a fork of BTC. At the time of writing, BCH is being traded at the price of almost $119. It has lost about 7.77% in the past week.