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While Bitcoin and Ethereum both plummeted, 18 crypto assets saw double-digit gains last week – markets and prices

While the crypto economy has lost billions in value this week, 18 different digital assets have seen double-digit gains in the past week. At the same time, the two leading crypto assets by market capitalization, Bitcoin and Ethereum, lost between 2.8% and 6.2% in value in seven days.

18 crypto assets see double-digit increase in value

Bitcoin and Ethereum have lost some of their value, according to weekly statistics, and a number of alternative digital assets have done much better. Today the crypto economy is worth $ 2.36 trillion and is down 2.9% on the last day. BTC has lost 2.8% in value in the last seven days and ETH has lost 6.2% since last week. However, 18 crypto tokens have seen double-digit gains against the US dollar over the past week.

For example, Sushiswap’s decentralized exchange (Dex) Token Sushi (SUSHI) is up 67% in the past seven days. Near (NEAR) rose 57.8%, Fantom (FTM) rose 49.6%, and Oasis Network (ROSE) rose 48% over the course of the week. Other weekly top winners included Convex Finance (+ 35.7%), Aave (+ 33%), Theta-Netzwerk (+ 24.8%), Uniswap (+ 19.2%), Osmose (+18, 2%), Kadena (+ 16.8%), Iota (+ 15.8%) and the Sandbox (+ 15%).

Bitcoin and Ethereum see sharp falls, says Huobi Global Analyst: “Watch out for changes in price direction”

Cosmos, Polkadot, Enjin, Monero, Celo and Curve Token also saw double-digit gains this week. Of the $ 2.36 trillion worth more than 12,000 crypto assets, BTC‘s dominance is 38.3% while the dominance of Ethereum is 19.1%. Discussion about Bitcoin (BTC) Prices with Bitcoin.com News, Huobi Group co-founder Du Jun, said that the price of bitcoin tends to stabilize and traders “should watch out for changes in price direction.”

“According to data from Huobi Global, BTC‘s price stabilized during [the] During the day, after a sharp drop in the night, fluctuating from 47,500 US dollars back and forth, change direction several times, ”the co-founder of Huobi explained to our news desk. “Three EMA lines went off steeply from the 4h K-Line, the K-Line was near the lower rail of the Bollinger Bands, and the opening of the Bollinger Bands widened significantly,” added Jun. The analyst further added:

Although the decline has been blocked, the short side is still relatively strong, especially when viewed from the daily line. This decline has the BTC prices fall at a similar rate after a one-week price increase and there is again a trend towards the formation of a downward channel. Short term uptrend is less likely. In the short term, watch for changes in price direction and support for the $ 45,500 position below.

While Bitcoin and Ethereum both plummeted, 18 crypto assets saw double-digit gains last week – markets and prices, Crypto Trading News

While the values ​​of Bitcoin (BTC) and ether (ETH) have both experienced declines, with numerous alternative crypto assets gaining in the dominant crypto markets. A recent one to learn indicates that altcoins have tripled since 2014 and 2021 Top ten crypto assets with the highest performance outshines BTC and ETH Far away in terms of profits. Despite the Bitcoin losses (BTC) is still up 76.1% since the start of the year (YTD) and Ethereum’s YTD metrics show Ether is up 416%.

While Bitcoin and Ethereum both plummeted, 18 crypto assets saw double-digit gains last week – markets and prices, Crypto Trading News

As far as Ethereum (ETH) Markets are affected, Huobi Global’s Du Jun said the Ethereum markets are very similar to these BTC‘s market pattern. “[The] price of ETH stabilizes during the day after a heavy slump at night, swings slightly back and forth, changes direction several times, echoing the BTC Price trend and it is now near $ 3,800, ”added Jun on Wednesday. Jun’s etheric (ETH) Market outlook continued:

From the 4h-k line, the downward adjustment is strong and the momentum is relatively high. Each moving average went down sharply and trading volume increased. from [the] The downward trend is less obvious at daily level. Look for the short term support for the 4680 position below. Once it breaks through, the downward price trend is formed.

What do you think of the 18 crypto assets that have seen double-digit gains over the past week? What do you think of the recent performance of the two leading crypto stocks? Let us know what you think on this matter in the comments below.

While Bitcoin and Ethereum both plummeted, 18 crypto assets saw double-digit gains last week – markets and prices, Crypto Trading News

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a Florida-based financial tech journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. As of September 2015, Redman has written more than 5,000 articles for Bitcoin.com News on the disruptive protocols emerging today.




Photo credits: Shutterstock, Pixabay, Wiki Commons


Source: Crypto News Austria

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