news.bitcoin.com
While bitcoin and ethereum have gathered 8.9% and 13.5% gains against the U.S. dollar this week, a large handful of crypto assets recorded double-digit rises. At present, the crypto economy is now valued at $2.72 trillion, up 3.62% over the past day.
Crypto Economy Swells to $2.72 Trillion
On Monday, over two dozen crypto assets recorded 10% or more during the last seven days. With the crypto economy valued at $2.72 trillion, there’s been $160.11 billion in 24-hour global trade volume, up 51.9% since yesterday.
This week’s largest gainer was ribbon finance (RBN) which jumped 88.2% this past week. Thorchain (RUNE) was the second largest gainer with 64.3% and the third runner-up was render (RNDR) which jumped 57.6%.
Other notable gainers include FLOKI, FET, NEAR, GALA, THETA, and RONIN all collectively gathering 40% rises or more. RBN is up 660% this year and RUNE has gained a total of 655% over the past 12 months.
Despite these coins rising high this week, the top trading volumes go to solana (SOL), XRP, BNB, and shiba inu (SHIB). FLOKI managed to reach the top volumes this week securing a spot in the top ten in terms of trade volume.
The week’s biggest loser was bonk (BONK) as it shed 30%. The BRC20 token SATS took an 18.6% loss this week and the BRC20 token ORDI witnessed a 16.2% loss. Other notable losers during the seven-day period include SHIB, KAS, and TRX.
Statistics show out of the $2.72 trillion, BTC dominates by 52.4% and ETH dominates by 17.9%. Blockchaincenter.net’s ‘Altcoin Season Index’ shows a score of 53 on Monday, which means officially it is not altcoin season and BTC remains the leader over the past season.
What do you think about the week’s biggest crypto gainers and losers? Share your thoughts and opinions about this subject in the comments section below.