Weekly Crypto Overview: UNI, APT, DOGE Lead Market Gains

Weekly Crypto Overview: UNI, APT, DOGE Lead Market Gains

Key Insights

  • The crypto market is recovering from the FTX collapse.
  • Some cryptocurrencies have performed rather well over the last seven days, while others have performed poorly.
  • Most of the worst-performing cryptocurrencies over the last week are centralized exchange tokens like Huobi Token, KCS, and BNB.

The Ripple effect of the FTX crash on the crypto market appears to be subsiding. BTC has shrugged off the FTX-induced weakness, and the bulls in several markets are attempting to push the prices of respective cryptocurrencies higher in the final month of 2022.

Bitcoin is now showing real signs of a potential clear break above the $17,000 zone, and the strength of Ethereum has been impressive as well.

This suggests that the strength of the general crypto market's bears after November's series of events is starting to subside.

In regular bear markets, smaller investors panic and dump their holdings. However, this is not the case with the crypto market in the third quarter of 2022. Several cryptocurrencies are now starting to make higher highs despite the general sluggishness of the crypto market's bulls.

And in this article, we attempt to identify the top-performing cryptocurrencies over the last seven days and compare their performance to the top worst-performing cryptocurrencies over the same period.

Without wasting further time, here are the best – and worst-performing cryptocurrencies on the market over the last week.

Best Performing Cryptocurrencies Over the Last Week

As far as the first week of December goes, the best-performing cryptocurrencies of the top 100 appear to have done well for themselves, with the average price increase being about 13%.

Cryptocurrencies like Dogecoin, Aptos, and Uniswap outdid themselves and have registered significant gains ranging from 10% to as high as 21% over the last week.

1) Best Performing Crypto – #1: Trust Wallet Token (TWT)

In the scramble for self-custody after the FTX crash, the native cryptocurrencies of self-custody solutions have gone up dramatically. The same can be said for Trust Wallet Token or TWT.

The cryptocurrency has been the best-performing cryptocurrency on the market over the last 7 days.

At the time of writing, TWT has risen by 21.24% over the last 7 days, according to data from CoinMarketCap.

<em>Snapshot showing the price increase in Trust Wallet Token | Source: CoinMarketCap</em>
Snapshot showing the price increase in Trust Wallet Token | Source: CoinMarketCap

2) Best Performing Crypto – #2: Uniswap (UNI)

Uniswap token is also one of the top gainers over the last 7 days, with the cryptocurrency soaring by 11.6% during this timeframe.

Uniswap, from an intra-day perspective, doesn't seem so strong, as the bears have managed to push the cryptocurrency into a 2.6% price decline over the last 24 hours, according to data from CoinMarketCap.

However, despite the dip, Uniswap has been one of the best-performing cryptocurrencies over the last 7 days, beating others like Dogecoin, Bitcoin, and Ethereum.

<em>Snapshot showing the price increase in Uniswap token | Source: CoinMarketCap</em>
Snapshot showing the price increase in Uniswap token | Source: CoinMarketCap

This price increase in Uniswap came after NFT trading went line on the Uniswap platform over the last week.

With the platform's NFT aggregator tool, Uniswap users can trade digital collectibles across the OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, Foundation, and NFT20 marketplaces.

3) Best Performing Crypto – #3: Aptos (APT)

Aptos is only a whisker behind UNI in terms of performance over the last seven days. The cryptocurrency has also made an 11% move to the upside over the last seven days.

The intra-day price action on Aptos is also strong, as CoinMarketCap Indicates. The cryptocurrency has risen by 5% from an intra-day perspective and is trading at the $5.29 zone at the time of writing.

<em>Snapshot showing the price increase in Aptos | Source: CoinMarketCap</em>
Snapshot showing the price increase in Aptos | Source: CoinMarketCap

The strength of Aptos is also expected to extend to 2023, with analysts predicting a $10 Aptos in the first half of next year.

4) Best Performing Crypto – #4: Dogecoin

Once again, Dogecoin made the cut. The dog-themed memecoin has been one of the best-performing cryptocurrencies over the last seven days, breaching the double-digit gain criteria.

Like the other double-digit gainers, Dogecoin has soared by 10.5% over the last seven days, according to the data from CoinMarketCap. The cryptocurrency's intra-day trading is also in favor of the bulls and has moved to the upside by 3% over the last 24 hours.

<em>Snapshot showing the price increase in Dogecoin | Source: CoinMarketCap</em>
Snapshot showing the price increase in Dogecoin | Source: CoinMarketCap

Dogecoin's future is also undeniably bright, following Elon Musk's purchase of Twitter and the prospect of a possible Dogecoin-Twitter integration in the coming days.

Worst Performing Cryptocurrencies Over the Last Week

Contrary to the price increases in the best-performing cryptocurrencies, there are also worst-performing cryptocurrencies over the last week.

Cryptocurrencies like Solana have made the cut for about three weeks now after failing when the FTX collapse hit it. Others, like the Huobi token, performed well in previous weeks but are now one of the worst-performing cryptocurrencies on the market for this week.

Here are the worst-performing cryptocurrencies on the market over the last week.

1) Unus Sed Leo (LEO)

Of the top 100 cryptocurrencies on the market, LEO has taken the most severe beating over the last seven days.

The cryptocurrency has declined by 9.21% over the last week at the time of writing. However, most of this beating LEO has taken from an intra-day perspective.

Interestingly enough, the cryptocurrency is down by more than 7% over the last day at the time of writing.

S<em>napshot showing the price decline in LEO | Source: CoinMarketCap</em>
Snapshot showing the price decline in LEO | Source: CoinMarketCap

2) Kucoin (KCS)

It appears that the effects of FTX, a centralized exchange, collapsing is not over yet. Several native cryptocurrencies of centralized exchanges continue to suffer in terms of price action due to the weakened investor trust and the rush for self-custody wallets and solutions.

KCS has taken a -6.62% beating over the last seven days, as calculated by CoinMarketCap

<em>Snapshot showing the price decline in KCS | Source: CoinMarketCap</em>
Snapshot showing the price decline in KCS | Source: CoinMarketCap

3) Binance Coin (BNB)

Next on the list is the native cryptocurrency of another centralized crypto exchange, Binance.

The last seven days have not been favorable for the centralized exchange tokens because, just like KCS, BNB has taken a 7% beating over the last week.

<em>Snapshot showing the price decline in BNB | Source: CoinMarketCap</em>
Snapshot showing the price decline in BNB | Source: CoinMarketCap

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.

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