The cryptocurrency economy has had a solid week, despite a slight dip on Monday morning. The market cap currently stands at $2.26 trillion, reflecting a 1.6% decline over the past 24 hours. Among the big winners, meme coin MOODENG has taken the spotlight, surging 400%, while ETHW took second place with an 82% increase in value for the week.
Double-Digit Growth for More Than Two Dozen Coins as Crypto Markets Wobble on Monday
Many crypto assets have posted significant gains, with meme token moo deng (MOODENG) leading the way, up 400% in just seven days. Following closely behind is ethereum pow (ETHW), the native token for Ethereum’s proof-of-work fork, which is up 82% against the US dollar.
Not to be outdone, the crypto meme dog go to the moon (DOG) soared 59.79%. More than two dozen cryptocurrencies saw double-digit gains over the past week. Some strong contenders include ftx token (FTT), up 55.54%, and dogwifhat (WIF), up 43.26%.
In terms of trading volume, excluding major coins like BTC, ETH, and stablecoins, XRP tops the charts. Close behind in terms of volume are SOL, BNB, PEPE, DOGE, SUI, WIF, and SHIB. Aside from meme tokens, artificial intelligence (AI)-focused coins are also having a heyday.
Of course, not everyone had a great week. Hamster kombat (HMSTR) took a hit, losing 50.14%, while binaryx (BNX) fell 19.89%. Tron's sun (SUN) token fell 13.73% and monero (XMR) fell 12.86%.
Only five coins saw double-digit losses, as the decline only began on Monday, September 30. Prior to that, the week had been mostly positive, but Monday's decline significantly curtailed previous gains.
What did you think of the past seven days of crypto trading? Share your thoughts and opinions on the subject in the comments section below.
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