This week's crypto overview is an interesting one. Last week was a very eventful one for most of the cryptocurrencies on the market. The market suddenly came to life, and most of the cryptocurrencies in it exploded to the upside.
According to data from CoinGlass, the total liquidations across the market last week hit a $704.7 million high as the bears on many cryptocurrency pairs had their stop losses activated when the market began to move to the upside.
In a game of winners, there are bound to be a few losers along the way. According to data from CoinMarketCap, while some cryptocurrencies came alive and started to leap upwards, others remained relatively sluggish, and only managed to register a few percentages in gains over the last week.
This article details the performance of the market's biggest winners and compares it to the performance of the relatively slow cryptocurrencies, and the ones that reversed and even made losses.
Of all the cryptocurrencies that managed to break through their local resistances and rise to higher highs here are a few of the biggest and most popular gainers.
Putting Dogecoin anywhere else except first place would not only be inappropriate, but it would also be unfair.
Dogecoin absolutely outdid itself over the last seven days.
Even at the time of writing, this bullish beast rose from its $0.0582 low last week, hit the $0.108 mark and is up by a jaw-dropping 25% over the last 24 hours.
Over the last 7 days, Dogecoin is up by a staggering 76.92% and has almost doubled in price during the week.
Dogecoin's market cap has risen 25% over the last day and now sits at 14 billion dollars this week.
Coming second with a 22.78% gain over the last week is Ethereum.
On Tuesday, Ethereum rose from its $1,300 support and tore through the $1,500 resistance within a space of twelve hours.
Ethereum hit the $1,600 resistance and even appears to be testing the zone for weakness and a potential breakout.
Ethereum currently trades at $1,612 at the time of writing and is up by 4.61% at the time of writing.
Like its sister memecoin, Shiba Inu has also risen substantially over the last week, by as much as 22.7%.
Most of these gains on Shiba Inu appear to be recent, because the memecoin is up by 11.25% over the last day alone, despite the whole market cooling off after last week's bullishness.
Shiba Inu now has a 6.8 billion dollar market cap and has doubled in trading volumes over the next day, in a new wave of bullishness.
Despite the bullishness of the crypto market last week, here are a few of the cryptocurrencies that registered relatively sluggish gains.
While many other cryptocurrencies on the market made significant gains over the last week, Quant did quite the opposite.
Instead of moving to the upside, the cryptocurrency reversed and made a -10% loss over the last seven days.
Quant's performance over the last day is in the red as well and has registered a -0.55% loss over the last day.
Launched In October, Aptos is one of the cryptocurrencies that failed to partake in the market's bullishness last week.
Aptos reversed just like quant, and registered a 2.64% loss over the last week.
Its performance over the last day is not so impressive either. The cryptocurrency has registered a 2.47% loss over the last day and is changing hands around the $7.92 mark at the time of writing.
Despite a very profitable September for Ripple Coin, XRP's performance over the last week was quite underwhelming compared to the rest of the market.
According to data from CoinMarketCap, XRP is up by only 0.3% over the last seven days.
Ripple Coin's intra-day performance, however, is relatively stable. The cryptocurrency is up by 1.21% over the last day at the time of writing.
Disclaimer: Voice of crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.