Top 5 Crypto Gainers and Losers: A Weekly Update on the Best and Worst Performing Cryptocurrencies
Want to know which are the best and the worst performing cryptocurrencies this week? Let’s dive in !!
Cryptocurrency markets have been on a wild ride this week. For those looking to stay informed of the latest developments, here is an overview of this week’s top 5 cryptocurrency gainers and losers. From Bitcoin to Ethereum, the list of gainers and losers is sure to keep traders on their toes. As always, it is important to stay up-to-date with market news when investing in cryptocurrencies, as the market can be unpredictable and volatile.
TOP 5 CRYPTOCURRENCY GAINERS
- OKB OKB
- Render Token RNDR
- Casper CSPR
- Injective INJ
- Zilliqa ZIL
OKB is the utility token of OKEx, one of the largest exchanges in the world. OKB enables users to calculate and pay trading fees, allow users to vote on the platform, and reward users for holding OKB.
OKB has skyrocketed to 15.50% in one week. The market cap is $3,214,140,440 and the current price is $53.54 (at the time of writing) with a trading volume of $47,091,183 in the last 24 hours.
2. Render Token
Render Token (RNDR) is a distributed GPU rendering network built on the Ethereum blockchain, aiming to connect artists and studios in need of GPU computing power with mining partners willing to rent their GPU capabilities out.
RNDR has increased by 13.46% this week. The market cap is $677,429,913 with a 24 trading volume of $311,676,695. The current price of RNDR is $1.86 at the time of writing.
Casper (CSPR) is the first live proof-of-stake (PoS) blockchain built off the Casper CBC specification. The Casper platform is designed to boost the performance of smart contracts, and Dapps on blockchain technology.
CSPR has thrived to 8.53% in the last few days with a trading volume(24h) of $15,487,904. The market cap is $546,325,886 and the current price is $0.05007 at the time of writing.
Injective (INJ) is an open, interoperable layer-one blockchain for building powerful DeFi applications. Injective provides plug-and-play financial infrastructure primitives, such as a high-performance on-chain decentralized exchange infrastructure, decentralized bridges, oracles, and a composable smart contract layer with CosmWasm.
INJ has rallied to 6.71% with a 24-trading volume of $131,296,567. The current market cap is $614,160,436 with a current price of $7.68 at the time of writing.
Zilliqa (ZIL) is a public and permissionless blockchain that can complete thousands of transactions per second. It is built to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution.
ZIL surged to 5.16% with a trading volume (24h) of $160,058,534. The market cap of ZIL is $513,943,724 and the current price is $0.03239 at the time of writing.
TOP 5 CRYPTOCURRENCY LOSERS
- Conflux CFX
- Stacks STX
- Immutable IMX
- Algorand ALGO
- Lido DAO LDO
Conflux (CFX) is a layer-1 public blockchain made to enhance the decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure by being more scalable, decentralized, and secure than existing protocols.
CFX plunged to 19.44% with a 24h trading volume of $309,843,152. The market cap of CFX is $884,161,214 and the current price is $0.3175 at the time of writing.
Stacks is a Bitcoin Layer that enables smart contracts and decentralized applications to use Bitcoin as an asset and conduct transactions on the Bitcoin blockchain.
STX dipped to almost 19.17% with a 24h trading volume of $75,751,651. The market cap of STX is $999,452,903 and the current price is $0.7246 at the time of writing.
Immutable (IMX) acts as the first layer-two scaling solution focused on Non-fungible tokens (NFTs) on Ethereum. Immutable utilizes zk-rollups to tackle the scaling solution.
The IMX dropped by 17.63% with a trading volume (24h) of $37,536,038. The market cap of IMX is $895,331,505 and the current price is $0.9702 at the time of writing.
Algorand (ALGO) is a decentralized, blockchain-based network built on a proof-of-stake protocol that supports a wide range of applications and helps to work effectively with high speed.
ALGO crashed by 17.23% since last week with a trading volume (24H) of $115,151,865. The market cap is $1,369,852,323 and the current price is $0.1895 at the time of writing.
5. Lido DAO
Lido DAO (LDO) is a liquid staking solution for Ethereum where users can stake their ETH. LDO is the native utility token.
LDO is down by 16.77% with a daily trading volume of $58,739,668. The market cap is $1,874,815,451 and the current value is $2.15 at the time of writing.
In conclusion, the cryptocurrency market is an ever-changing landscape, and it can be difficult to keep up with all the fluctuations. This week, we have seen five of the biggest gainers and losers in the market, with OKB leading the pack as a big winner. While cryptocurrency investments are high-risk and volatile, understanding which coins are gaining or losing momentum can help investors make informed decisions when deciding which coins to purchase.
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