While Bitcoin and Ethereum fell 8.6% and 8% against the US dollar, most crypto assets did not have a winning week. However, Helium (HNT) bucked the trend, soaring 15.43% against the dollar over the past seven days. On the other hand, Zcash (ZEC) was the hardest hit, falling 28.63% over the same period.
Cryptocurrency Market Highlights: Who’s Winning and Losing This Week?
In fact, only four cryptocurrencies managed to post gains this week. Helium (HNT) led the way, rising 15.43%. Privacy-focused Monero (XMR) brought up the rear, posting a modest 0.62% gain.
Both unus sed leo (LEO) and litecoin (LTC) are up 0.25%. Last week may have been bumpy, but the crypto economy managed to gain 0.73% by Monday.
Despite the slight increase, it is still struggling to hold on to the $2 trillion mark, at the time of publication it was $2.05 trillion. The leaders in trading volume were solana (SOL), binance coin (BNB), XRP, DOGS, PEPE and TRX.
While many crypto assets saw notable gains, zcash (ZEC) was the hardest hit, falling 28.63%. Dog go to the moon (DOG) meme coin was not far behind, losing 26.39%, while dogwifhat (WIF) lost 23.66%.
Moreover, more than two dozen crypto assets have suffered double-digit losses against the dollar over the past week. The recent market swings highlight the uneven performance of the crypto sector, with few tokens defying the downward trend.
Helium’s higher gains amid widespread losses and the resilience of individual assets highlight the unpredictable nature of the current market. As the crypto economy hovers just above $2 trillion this week, traders and investors face a landscape marked by both opportunity and significant risk.
