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The Week’s Biggest Crypto Winners and Losers
The cryptocurrency market has seen a sharp decline this week, where the global cryptocurrency market capitalization has fallen to $1.97 trillion, the lowest point in months. The decline began with the decline of Bitcoin Priceinfluencing the user’s feelings. As reported by the index of fear and greeduser sentiment is at 37, which is a fearful situation that impacts the performance of cryptocurrencies. Although the market has started to move slowly upwards, cryptocurrency gains have become limited among the losers, as every other cryptocurrency has lost its months of gains.
In this blog, we will talk about the rising cryptocurrencies of the week, which survived the market, and the cryptocurrencies that are struggling.
Cryptocurrency Week Winners
Bitcoin has recovered 3% in the last 24 hours, currently at $57998.05, and the same goes for many other cryptocurrencies. However, the two-day decline has hampered the overall performance of cryptocurrencies. Despite this, DADDY, 5 SCAPE, and HOPPY have become the main gainers of the week.
1.DAD TATE (DAD)
DADAY TATE is a Andre Tate Token but it has had a rather rocky start despite the influencer’s popularity. Immediately after its launch, DADDY TATE’s price has struggled in the market and is down 19% overall. However, this week has been quite positive for this meme coin, as the price has increased by 82% over the course of the week, dominating the cryptocurrency gains of the week.
2.5° landscape (5SCAPE)
5thscape is redefining the AR/VR market with impressive virtual reality games, movies, gadgets, and more. Its native token, 5 SCAPE, is seamlessly bridging the cryptocurrency with the AR/VR market, bringing together the best of both. It is currently in the presale stage but has attracted investors’ attention as the platform has already raised $6,815,041, indicating its demand in the network. The price of 5SCAPE is currently at $0.00376, which has increased from $0.00187. However, there is still time to join the token as the decentralized exchange listings will start at 0.01 per coin. Its high demand makes it among the biggest cryptocurrency gainers this week.
3.Hoppy
Hoppy has surged 50% in the past few hours and 107% during the week, making the most profitable recovery in this market crash. Not only has the price increased, but it has created a new all-time high of $0.0002016, offering gains of 4329.01% since its launch in April. It is currently valued at $0.000201 and may continue to rise as the bulls are active for this altcoin.
Cryptocurrency Week’s Losers
The list of Crypto Losers this week is much longer due to the impact of the market crash. However, as cryptocurrencies are attempting to recover today, a better performance is expected for the coming week. For now, IO, BENDOG and Gamestop have the biggest losses this week for CoinmarketCap.
1.io.net (IO)
IO had an immediate recovery in the cryptocurrency market, as the price reached an all-time high of $6.45 on June 13. However, soon after, the downtrend for it began Crypto AIwhere it has lost more than 53% of its value, including a 35% decline in the last seven days. It is now at $2.09 with a market cap of $198,612,454.
2.Ben the dog (BENDOG)
BENDOG has repeatedly been on the list of top cryptocurrency gainers in June due to its continued gains, but the market crash has negatively affected the dog-themed meme coin. It is currently trading at 198,612,454 after a 32% drop during the week and a 70% drop during the month.
3.Gamestop (GME)
Gamestop is once again on the losing side as short sellers are active on this altcoin. Previously, the Gamestop Price It had a nice push, rising to an all-time high of $0.03207, but has now fallen 82% since then. At the time of writing, GME is at $0.006043 after a 19% increase in the last 24 hours, but a 33% decline on the week is still evident.
Keep reading How a Crypto Whale Is Turning Market Panic Into Profit