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Cryptocurrency News Articles

The Top Gainers and Biggest Drops in the World of Crypto Markets

Aug 19, 2024 at 11:20 pm

Though the digital currency market has faced challenges, a few crypto assets posted gains this week

The Top Gainers and Biggest Drops in the World of Crypto Markets

Monday saw the crypto economy largely holding its ground at $2.06 trillion, although it did experience a 2.26% decrease in value over the course of the past 24 hours. Bitcoin encountered a 2.5% drop this past week, while ETH saw a decline of more than 4% during the same period. Despite the downturn, some digital currencies managed to stand out, with superrare (RARE) soaring 164% over the week.

Top Gainers, Biggest Drops in the World of Crypto MarketsThis week brought a mixed bag of results in the digital currency markets. A select few crypto assets managed to post gains, with the top five gainers seeing increases ranging from 17.65% to 164%. Leading the pack was RARE, followed by finschia (FNSA), which climbed 26.75% this week. Flux (FLUX) jumped 23.02%, and reserve rights (RSR) rose 21.17%. Rounding out the top five, thorchain (RUNE) added 17.65% in gains.

Other noteworthy gainers included klatyn (KLAY), sun token (SUN), aave (AAVE), and helium (HNT). Excluding BTC, ETH, and stablecoins, the top coins by volume were SOL, BNB, TON, DOGE, PEPE, TRX, WIF, NOT, and LTC. However, the week also featured some significant losses, with mogcoin (MOG) leading the losers, dropping by 26.87%. Dogwifhat (WIF) fell by 23.10%, and sui crypto (SUI) lost 19.91% this past week.

Additional losses were seen in TIA, SEI, PEPE, AIOZ, BONK, CVX, and WLD, which dropped between 15.98% and 13.01%. In total, 16 distinct digital currencies experienced double-digit losses. As the crypto market navigates another week of mixed outcomes, it’s clear that gains and losses are part of the journey. The varied performance of these digital assets serves as a reminder of the importance of strategic decision-making for traders.

What do you think about this week’s biggest crypto winners and losers? Share your thoughts and opinions about this subject in the comments section below.

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