The crypto market had a major decline this week, where the global crypto market cap dropped to $1.97 Trillion, the lowest point in months. The drop began with the decline in the Bitcoin price, impacting the user’s sentiments. As reported by the fear and greed index, the user sentiments are at 37, which is a fear situation impacting the performance of the cryptocurrencies. Though the market has begun to shift upwards slowly, the crypto gainers have gotten limited among losers as every other crypto lost their months of gains.
In this blog, let us discuss the crypto gainers of the week, which survived the market, and the struggling crypto losers.
Crypto Gainers Of The Week
Bitcoin has made a 3% recovery in the last 24 hours, currently at $57998.05, and the same is true for many other cryptos. However, the two days of declines has hindered the overall performance of the cryptocurrencies. Despite that, DADDY, 5 SCAPE, and HOPPY have become the top crypto gainers of the week.
1.DADDY TATE (DADDY)
DADAY TATE is an Andre Tate Token but has quite a rough start despite the influencer’s popularity. Soon after its launch, DADDY TATE price struggled in the market and is overall in 19% loss. However, this week has been quite lifting for this meme coin, as the price has surged 82% over the week, dominating the crypto gainers of the week.
2.5thscape (5SCAPE)
5thscape is redefining the AR/VR market with impressive Virtual reality games, movies, gadgets, and much more. Its native token, 5 SCAPE, is perfectly connecting the cryptocurrency with the AR/VR market, bringing the best of those together. It is currently in the presale phase but has gained the investor’s attention as the platform has already raised $6,815,041, indicating its demand in the network. 5SCAPE price is currently at $0.00376, which has risen from $0.00187. However, there is still time to join the token as the decentralized exchange listings will begin with 0.01 per coin. Its high demand makes it among the biggest crypto gainers this week.
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3.Hoppy (HOPPY)
Hoppy marked a 50% surge in the last few hours and 107% over the week, making the most profitable recovery in this market crash. Not only has the price surged, but it has created a new all-time high of $0.0002016, offering 4329.01% gains since its launch in April. It is currently valued at $0.000201 and might continue to surge as the bulls are active for this altcoin.
Crypto Losers Of The Week
The Crypto Losers list this week is much longer under the impact of the market crash. However, as the cryptos are attempting a recovery today, so a better performance is expected for the next week. For now, IO, BENDOG, and Gamestop have the biggest losses this week per CoinmarketCap.
1.io.net (IO)
IO had an instant pick-up in the crypto market as the price reached an all-time high of $6.45 on June 13. However, soon after that, the downtrend began for this AI crypto, where it has lost more than 53% of its value, out of which a 35% decline in the last seven days. It is now at $2.09 with a market cap of $198,612,454.
2.Ben The Dog (BENDOG)
BENDOG has been on the top crypto gainers list multiple times in June due to its continuous gains, but the market crash has negatively influenced this dog-themed meme coin. It is currently trading at 198,612,454 after a 32% decline over the week and a 70% decline over the month.
3.Gamestop (GME)
Gamestop is again on the loser’s side as the short sellers are active for this altcoin. Earlier, the Gamestop price had quite a boost, rising to its all-time high of $0.03207, but now the value has declined 82% since then. At the time of writing, the GME price is at $0.006043 after a 19% surge in the last 24 hours, but a 33% fall over the week is still prominent.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
