Looking at the top gainers and losers for the week, here is all you need to know about top performers and not-so-top performers of the week.
Top Crypto Weekly Gainers
Vanilla Network (VNLA) bags the first rank in the weekly timeframe with its phenomenal performance. The cryptocurrency established its all-time high at $28, although it went down to $25 – the price at the time of writing. The daily trading volume stands at 800K -which observed a slight decline of 5%. Vanilla Network is a deflationary token which applies the fundamentals of economics by driving up the demand with a continuously restricting supply.
BackPacker Coin (BPC), too, has stolen the limelight. As of this writing, the cryptocurrency stands at $2.91 – skirting close to the all-time high of $3.12 established earlier in March. The price observed an increase of around 570% in the past 24 hours. The daily trading volume is $1,064,307 and the market capitalization stands at $18,709,878 which went up by 570%. The vision of the network is to revolutionize the travel industry through a universal stable coin payment system which has negligible costs and lightning fast speed.
EXMO Coin (EXM) is another top performer. With a price level of $0.085, the price increased by 25% in the past 24 hours. The daily trading volume of the coin stands at $8,073,588 which also went up by around 50%. EXM is the utility token of one of the largest trading platforms of Eastern Europe by the name of EXMO.
Storj (STORJ) – the open source cloud storage platform – has been in the headlines too. The cryptocurrency established its all-time high at a price level of $3.91 two days ago. The coin stands at a price of $2.71. The recent listing of Storj on Coinbase has been a factor in the price rally of the coin.
Last but not the least, the top fifth top performer of the week is Metal (MTL). Although the coin is still a long way from hitting its all-time high, Metal is on an upward rally. The coin is priced at $3.76 which increased by 180% in the past 24 hours. The daily trading volume is at $4,206,599,851 which observed a phenomenal increase of 4200%. Metal is the native token used for Metal products and on the Metal ecosystem. Metal Pay – the peer to peer crypto payment platform – has filed to become a national bank in the US.
Top Crypto Weekly Gainers
UniSwap – the popular decentralized trading platform – has lost some of its luster as it makes to the top of the losers list in the weekly timeframe. Uniswap (UNI) is standing at a price level of $28 – which is not far from the earlier-established all-time high of $36. The daily trading volume of $555,049,589 has went up by 40%. The coin stands at a market ranking of 8 in terms of market cap. A Uniswap ad was sold for $525k as an NFT and although the platform is doing well, competition from PancakeSwap as derailed the upward trend of Uniswap.
SushiSwap (SUSHI) stands at a price of $15. The cryptocurrency is on a downward trajectory ever since the establishment of its all-time high at $22 in early March. SushiSwap is a famous Automated Market Maker (AMM) and can be dubbed as an advanced version of Uniswap, employing additional features. The exchange is supposed to unlock $880 million in tokens but uncertainty marks the air as the network fears a massive dump.
pNetwork (PNT) takes the third place in the weekly losers list. The cryptocurrency is priced at $2.51 with a daily trading volume of $30,022, 814. pNetwork is a cross-chain interoperability solution with the aim of increase the interaction between decentralized apps. The network also focuses on not just transfers of assets but NFTs and smart contracts. The network is currently in collaboration with ChainGuardians to create a bridge between Ethereum and Binance Smart Chain.
IOTA coin, another top loser, stands at a price level of $1.54 with a daily trading volume of $145,782,733. The bulls of the cryptocurrency has been weak in the whole bull run as IOTA struggled to go upwards. It is a long way from its all-time high of around $5 established in 2018. The coin has launched on Binance Smart Chain which may propel it towards the upside.
MahaDAO (MAHA) crypto is the fifth loser of the week. The cryptocurrency established it all-time high in early January and ever since then it has been on a downward trend. At the time of writing, MAHA sands at a price level of $7.95 with a daily trading volume of $1,849,898. MahaDAO is a decentralized non-depreciating algorithm token, the value of which is based on a basket of assets.