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The cryptocurrency economic system is doing nicely throughout the third week of the brand new yr, in comparison with the tip of 2022. It’s at the moment valued at $993.17 billion, as many digital belongings have seen double-digit good points over the past two weeks. Whereas a number of the prime ten cryptocurrencies, like bitcoin and ethereum, are performing nicely, a number of digital currencies have outperformed quite a few the highest ten cash when it comes to good points this yr.
High Cryptocurrency Performers of the Week: Decentraland’s MANA, Frax Share, and FTT Lead the Means
Digital currency markets have been within the inexperienced just lately, because the main cryptocurrency, bitcoin (BTC), has risen 23.29% in opposition to the U.S. greenback in seven days. The second-leading digital forex by market capitalization, ethereum (ETH), has additionally gained 18.39% this week. Out of the highest ten positions, bitcoin has outperformed its rivals when it comes to seven-day good points. Nonetheless, numerous cryptocurrencies exterior the highest ten have exceeded BTC’s good points within the final week, with a lot greater will increase in opposition to the U.S. greenback.
As an illustration, Decentraland’s MANA token has risen 88.02% this week. Over the past 14 days, decentraland (MANA) has gained 131.8%. Whereas the MANA good points have been vital, at $0.721 per unit, the digital forex remains to be down 87% from its all-time excessive on Nov. 25, 2021. The second-leading cryptocurrency this week is frax share (FXS), which has gained 81.69%. FXS has additionally elevated 111% in opposition to the U.S. greenback in two weeks. The third-largest gainer this week is the ftx token (FTT), because the exchange token has climbed 62.82% greater over the past seven days.
FTT managed to achieve 160.5% in opposition to the U.S. greenback in 14 days. One other huge gainer during the last seven days is helium (HNT), which jumped 59.53% throughout the week and 92.8% greater in two weeks. Aptos (APT) has elevated 57.21% in seven days and 114.5% in 14 days. Different digital belongings which have outperformed bitcoin’s and ethereum’s good points to date this yr embody solana (SOL), compound (COMP), optimism (OP), convex finance (CVX), the sandbox (SAND), and gala (GALA), respectively.
In the meantime, as there have been numerous gainers during the last two weeks, there have additionally been quite a few losers. Based on seven-day statistics in opposition to the U.S. greenback, the most important loser is flare network (FLR), which has misplaced 16.76% this previous week. The coin is newly launched and has solely been round for simply over seven days. Different losers in opposition to the U.S. greenback this week embody nexo (NEXO) and unus sed leo (LEO). After a big rise on Jan. 16, the cryptocurrency economic system as a complete is up 1.47% over the past 24 hours.
What do you suppose is driving the latest success of Decentraland’s MANA token and different double-digit gaining digital belongings? Share your ideas within the feedback part beneath.
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