The cryptocurrency market maintains its strong valuation of $2.31 trillion, despite experiencing a minor decline of 2.60% in the past 24 hours. However, leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have recorded losses against the U.S. dollar this week. In fact, out of numerous tokens, only 15 managed to see gains against the greenback.
Helium (HNT) has emerged as the top performer, with a remarkable 34.3% surge over the seven-day period, including a 15.2% increase on April 29. Another notable gainer is the meme token bonk (BONK), which witnessed a 19.2% rise. Zebec Protocol (ZBC) climbed by 13.1%, while Hedera (HBAR) saw a 12.9% increase.
These four assets were the only ones to achieve double-digit gains against the U.S. dollar this week. Other notable increases within single digits include PEPE, TRX, GT, AR, XMR, and WBT, which experienced rises ranging from 3.2% to 8.6%.
In terms of trading volume, Binance Coin (BNB) led the way this week, followed by Solana (SOL), Ripple (XRP), Dogecoin (DOGE), TON Crystal (TON), Cardano (ADA), and Shiba Inu (SHIB). However, trading volumes on major exchanges have decreased over the past week. As the cryptocurrency market continues to navigate through fluctuations, investors are remaining cautious and assessing both gains and losses across various digital assets.
On the other hand, several tokens experienced significant losses, with over two dozen coins witnessing double-digit declines against the U.S. dollar. Ethena (ENA) plummeted by 25.1%, while Pyth Network (PYTH) saw a 21.8% drop. BEAM shed 19.8% in value, RON suffered a 19.7% decrease, and ORDI, a BRC20 token, lost 19.4% in value. Additionally, Core (CORE) declined by around 18.6% this week. Other notable losers include RNDR, STX, TIA, GRT, and TAO.
What are your thoughts on the gainers and losers in the crypto market this week? Feel free to share your opinions and insights in the comments section below.
