As of this writing, the global cryptocurrency market capitalization is hovering around $842 billion on Sunday, November 27, 2022. Bitcoin prices have consolidated since the start of the week, as seven days indicate that the price of bitcoin fell by 0.02% this week. Meanwhile, as bitcoin prices remain static, a number of alternative crypto assets saw double-digit gains this week.
Crypto economy hovers above the $800 billion zone as a dozen tokens post double-digit gains
Bitcoin (BTC) is currently trading on Sunday at $16,550 per unit and prices have remained stagnant for the past seven days. The token with the second-largest market cap, Ethereum (ETH), managed to gain 3.45% this week as it rallied above the $1,200 range.
At the time of writing (10:00 AM ET), the crypto economy is down 0.07% and is currently valued at nominal US$842 billion. Among the ten biggest cryptos this week, the top two tokens include BNB and DOGE.
BNB is up 16.29% against the greenback over the past week, and seven-day stats show dogecoin (DOGE) up 25.57%. These two crypto assets aren’t the only tokens to post double-digit gains over the past week.
The exchange token huobi (HT), for example, is up 55.99% this week and celo (CELO) is up 45.31%. Curve’s dao (CRV) token jumped 35.41% against the US dollar, and Litecoin (LTC) rose 25.29% this week.
Apecoin (APE) managed to rise by 22.55% this week and chainlink (LINK) rose by 17.95%. Dash (DASH) is up 17.25% and Convex Finance (CVX) is up 15.25% against the greenback.
In fact, 13 different crypto assets out of the 21,863 listed on coinmarketcap.com have risen by double digits over the past week. However, the biggest losers this week are chiliz (CHZ) down 24.16%, chain (XCN) which lost 16% and algorand (ALGO) down 12.67%.
These are the only three crypto tokens that have recorded double-digit losses against the US dollar in the past seven days. Currently, out of the global market cap of $842 billion, the market cap of bitcoin (BTC) dominates by 37.7%.
Ethereum (ETH), on the other hand, dominates the crypto economy by 17.6% on November 27, 2022. Global trading volume is much lower than when FTX collapsed two weeks ago, as it has surpassed $200 billion in multiple 24-hour periods. periods.
Today, the global crypto-economy trade volume is only $36.84 billion and tether (USDT) commands $26.78 billion of the whole. Global Bitcoin (BTC) trading volume today is around $19.30 billion and ETH captures $4.38 billion of Sunday’s trading volume.
What are your thoughts on the handful of crypto tokens that saw double-digit gains in the past week? Let us know what you think about this topic in the comments section below.
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