Global cryptocurrency market valuation stands at $2.53 trillion currently, showing a 0.89% decrease in the last 24 hours. Despite the overall decline, six tokens have recorded double-digit gains in the past week, with the meme coin BRETT leading the pack with a remarkable 65.8% increase.
In the last seven days, bitcoin (BTC) has seen a modest 0.5% rise, while ethereum (ETH) has dipped by 3.5% against the U.S. dollar. However, a few select crypto assets have shown significant growth against the greenback, with BRETT being the standout performer. Despite a 10.5% drop in the last 24 hours, BRETT has surged by 65.8% this week. Following closely behind is the BRC20 token ORDI, which has seen a 22.9% increase. Like BRETT, ORDI has also experienced a decline today, down by 6.7% against the U.S. dollar.
Aside from BRETT and ORDI, other notable double-digit gainers this week include OM, STX, XMR, and KAS. INJ, TON, and KCS have also recorded significant but single-digit increases. Among the top coins in terms of trading volume this week (excluding BTC, ETH, and stablecoins) are BNB, SOL, XRP, NOT, DOGE, and SHIB. On the flip side, the biggest loser of the week was the meme coin dogwifhat (WIF), plummeting by 22.1%.
Nearly twenty other coins have suffered double-digit losses this week. Notable among them are NOT, down by 21.8%, FET by 21.3%, and BONK by 20.8%. Additional significant losers include GALA, AGIX, LDO, BEAM, PEPE, TIA, FTM, and ENA, each experiencing a decline of 16% or more throughout the week. The past week in the global cryptocurrency market has been characterized by a mix of volatile gains and losses.
While coins like BRETT have captured attention with their impressive surges, others like WIF have faced sharp downturns, highlighting the speculative nature of certain coins, especially meme tokens. Despite these fluctuations, the consistent trading volumes indicate ongoing investor interest, promising continued excitement in the ever-evolving crypto landscape.
What are your thoughts on the cryptocurrency trading activity over the past seven days? Feel free to share your opinions and insights in the comments section below.
