What Were the Winning and Losing Cryptocurrencies of the Week?

The winning cryptocurrencies

The cryptocurrency market has been subject to considerable changes based on interest rates, as well as multiple macroeconomic factors. Since the first half of this year, cryptocurrencies have lost almost half of their total value. With this in mind, many investors have lost interest in investing in cryptocurrencies. However, from now on, the cryptocurrency market has not moved much, but there are actually some cryptocurrencies that have performed well over the course of 7 days. Some of them have been mentioned as follows.

• Arweave: Among the winning cryptocurrencies over the course of 7 days has been Arweave. It has managed to earn a whopping 49.35% in its value and is currently trading at $15.09. The token price increase may be related to Meta’s announcement to use the Web3 platform in an effort to archive creator digital collectibles.
• Dogecoin: A popular meme coin, Dogecoin is a token well known to many. Considering how its value changes every time Elon Musk does something, has managed to increase by 50.52% in the last 7 days. The rise in cryptocurrency is a direct result of Musk taking control of Twitter. At the time of writing, the cryptocurrencies are trading at $0.1199 and have a total market capitalization of $15.8 billion.
• phantom: Fantom is on the list of the few cryptocurrencies that win when it comes to an increase in its value in a 27.94% within 7 days. At the time of writing, the cryptocurrency is trading at $0.2755.

The losing cryptocurrencies

Secondly, there are multiple cryptocurrencies that are continually losing their value. They have been mentioned below.

• apt: Aptos started out strong but failed to hold its value alongside many other cryptocurrencies. Aptos is down a whopping 8.41% over the course of a week and is currently trading at $7.33.
• casper: Casper is among the many cryptocurrencies that have not exactly performed well in the current market situation. It is down 6.68% in the last week and is currently trading at $0.0397.
• Klatin: Klatyn is also among the losing cryptocurrencies. At the time of writing this article, she is trading at $0.24 and has experienced a drop of 8.12% in its value during the last 7 days.