Crypto Market Review: Winners and Losers of the Week

Crypto Market Review: Winners and Losers of the Week

The crypto market’s performance was lagging, with only a few assets experiencing significant gains. However, during the previous week alone, the majority of assets in the top 100 cryptocurrency markets declined, while Helium (HNT) and UNUS SED LEO gained ground, followed by Polygon (POL), SATS, and dYdX, which were among the biggest losers.

Helium (HNT) quickly bounced back with a 10.48% increase, pushing its price from $6.2 to $6.9, and the token closed this week at an impressive level of more than 5.8%, closing at about $7.1. Technically, though, that means Helium is in bullish hands, with high RSI (Relative Strength Index) and surprisingly low gains for US SED LEO: 0.8% modest gain. The ethereal token increased its value to around $6, after starting at roughly $5.97. It has a market capitalization of approximately $5.4 billion, making it one of the most successful assets of this week.

On the other hand, SATS suffered more than 29% losses in relegation and banking data, including inflated ticket sales and failed bank deposits. Almost one-third of the value of this token disappeared, from $0.00039 to $0.002, and with a 40% drop in trading volume over the past 24 hours, SATS’s performance is concerning for its holders. However, the move did not help prices, and the token fell by more than 8% on the week, continuing its decline for the entire week before finally falling by over 25%.

Polygon (POL) began off from $0.57 to $0.42, taking nearly a quarter of it. The market cap of Polygon is around $4 billion, which is a cause for concern for its investors. dYdX Losses Significantly During the Week: It lost over 24% of its value starting at approximately $1.15 and dropping to about $0.9 The token’s trading volume decreased by roughly 43% in the last 24 hours, suggesting that there has been little interest from investors on this platform. Concerns about dYdX’s performance are present for its holders.

Market Capitalization and Trading Volume

The market capitalization of UNUS SED LEO is approximately $5.4 billion, while SATS has a market cap of around $601 million. In terms of trading volume, UNUS SED LEO had a decline of 30% in the last 24 hours, while SATS had around $43 million in trading activity. Polygon (POL) had approximately $4 billion in market cap and dYdX was valued at roughly $557 million, with 12% less than one year on the market. Trading volume for dYdX was around $9.8 million, but it dropped by 43% over the past 24 hours, leaving only a few assets able to gain.

The majority of assets in the top 100 experienced decline, with Polygon (POL), SATS, and eDynx being the most notable losers. It’s up to us to predict which assets will emerge as future winners as the cryptocurrency market continues to transform.

Want to stay ahead of the game and learn more about the cryptocurrency market? Check out this insightful article on CoinSeeks.com: “What’s Next for Cryptocurrency Markets?”

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