Crypto Gainers and Losers of the Halving Week
During today’s fourth Bitcoin halving event, the cryptocurrency market experienced increases and decreases in value among different digital assets. This important occurrence, characterized by a decrease in mining block rewards, frequently causes changes in the overall cryptocurrency market. Let’s examine the the crypto gainers and losers of this week, according to CoinMarketCap data, and their possible influences on their fluctuations.
5 Top Crypto Gainers
Before we look at the crypto losers of the week, let’s take a look at the best performers.
1. Core (CORE)
CORE is the top crypto gainer, seeing a strong rise of 21.78% in the last week, reaching the price of $2.02. This increase in price shows the rising interest and confidence from investors in Core’s technology and market prospects. The significant trading activity further cements its status as a top performer during the halving week.
2. Celestia (TIA)
Celestia (TIA) has experienced substantial growth, with its price increasing by 15.60% in the last week to reach $11.73. This rise in worth shows a growing acknowledgment of Celestia’s distinct offerings in the cryptocurrency community. The significant amount of trading shows increased activity and interest in TIA during the halving week.
3. Arweave (AR)
Currently trading at $30.08, Arweave (AR) has shown consistent growth, with a 7.97% price increase in the week of the halving. This increase indicates continuous interest from investors captivated by Arweave’s decentralized data storage solution. In spite of the market being unpredictable, AR has successfully sustained a favorable course, garnering interest and monetary contributions.
4. Sui (SUI)
In the past week, there has been a noteworthy increase of 7.93% in the price of SUI (SUI), recording $1.34 . The rise is backed by significant trading volume, showing strong investor involvement and confidence in SUI’s blockchain technology. Despite the market uncertainties caused by the halving event, SUI has managed to experience a boost in positive momentum.
5. Akash Network (AKT)
Akash Network (AKT) has recorded moderate gains of 6.75% during the halving week, to reach $3.89. Despite the relatively lower trading volume compared to other gainers, AKT’s positive performance underscores its potential as a decentralized cloud computing platform. The steady increase in price reflects growing investor confidence in AKT’s long-term prospects.
5. Top Crypto Losers
Having looked at the best performers, let us now discuss the worst performers.
1. Nervos Network (CKB)
Over the past week, the value of Nervos Network (CKB) declined to $0.0198, after recording losses of 29.67%. The decrease in the token price can be attributed to various factors like market sentiment and profit-booking after the halving event. While CKB has introduced new features, it has faced challenges in maintaining stability during increased volatility.
2. ORDI
ORDI has experienced a notable decline of 25.27% in its price, accompanied by substantial trading volume to reach $46.05. This sharp downturn reflects the challenges faced by ORDI amidst the broader market fluctuations during the halving week. Despite its initial promise, ORDI has encountered resistance from market dynamics and investor sentiment.
3. Ethena (ENA)
Over the last week, Ethena (ENA) has experienced a notable decrease in price, dropping by 20.70% to reach $0.9804. The significant drop in value highlights the difficulties encountered by ENA during the increased market volatility of the halving week. Despite its potential, ENA has been finding it difficult to keep up momentum due to challenging market conditions.
4. Bittensor (TAO)
Bittensor (TAO) is trading at $443.9, having recorded a decline of 18.04% over the past week. This indicates a challenging period for the cryptocurrency amidst the broader market trends. Despite its innovative offerings, TAO has encountered resistance from market dynamics and investor sentiment during the halving week.
5. Starknet (STRK)
Starknet (STRK) has witnessed a decrease of 17.39% in its price reaching $1.23, reflecting the volatility of the crypto market during the halving week. Despite its potential, STRK has struggled to maintain stability amidst the fluctuations in market sentiment and trading activity..
Conclusion
The halving week saw crypto gainers and losers, showcasing the volatile and intricate nature of investing in digital assets. While certain cryptocurrencies experienced a sharp increase during the event, others saw a decrease, emphasizing the need for investors to carefully research and manage risks when dealing with the cryptocurrency market.
The post Crypto Gainers and Losers of the Halving Week appeared first on CoinGape.
