The past week has shown some improvement compared to the previous one in the cryptocurrency market. However, bitcoin has only seen a small 2% increase, while ethereum has suffered a loss of 1.6% during the same period. Among alternative cryptocurrencies, worldcoin (WLD) has emerged as the standout performer, skyrocketing by 32.4% against the U.S. dollar. Similarly, render (RNDR) has experienced a significant spike of 28.7%.
This Week’s Winners and Losers in the Crypto Market
As of Monday, May 6, 2024, the global cryptocurrency market is valued at $2.36 trillion, showing a slight increase of 0.01% compared to the previous day. Twenty-four digital assets have witnessed substantial growth this week, in contrast to the downturn observed the week before.
Worldcoin (WLD) has led the surge with a remarkable 32.4% rise, bringing its year-to-date increase to 70%. Other notable gainers include Render (RNDR), dogwifhat (WIF), and pepe (PEPE), each experiencing significant gains this week.
Among the standout performers are ATOM, GRT, JUP, AXL, OP, AGIX, and FLOKI, all registering increases ranging from 14% to 16.4% against the dollar. Notably, meme coins WIF and PEPE have emerged as the top performers in the last 90 days.
Excluding bitcoin, ethereum, and stablecoins, there has been significant trading activity in SOL, DOGE, BNB, XRP, PEPE, and WLD. The crypto assets NEAR, WIF, SHIB, AVAX, and RNDR have also seen notable trading activity during the week.
On the other hand, six digital assets have experienced losses ranging from 7.5% to 16% against the U.S. dollar. Zebec Protocol (ZBC) has recorded the largest decline, losing 16% of its value, followed by sei (SEI), which has lost 9.3% during the week. Other notable losers include LDO, CORE, NEO, SUI, and TKX.
Looking back on the week’s turbulent movements, the current crypto landscape continues to showcase a mix of successes and setbacks. While some tokens have experienced significant gains, others have struggled with losses against the U.S. dollar.
What are your thoughts on this week’s biggest winners and losers in the world of crypto assets? Share your opinions in the comments section below.
