As Leading Cryptos Dip Lower in Value, Elrond, Osmosis, Tron, Cosmos Token Values Climb

By Marketcap Dec 8, 2022 0 76 Add to Reading List

On Sunday, digital currency markets have seen some slight improvements but overall since September 6, 2021, the $2.21 trillion cryptocurrency market capitalization is down 9.79% from $2.45 trillion. While dominant coins like bitcoin and ethereum have slid between 8-12% during the last week, a number of other digital assets have seen double-digit weekly gains and even double-digit percentage spikes during the last 24 hours.

This Weekend’s Double-Digit Crypto Gainers

The price of bitcoin (BTC) has faltered 8% during the last seven days and ethereum (ETH) has dropped by 12% during the week. Cardano (ADA) shed 4% and binance coin (BNB) lost more than 16% during the last seven days.

The top ten crypto-asset XRP saw around 11.6% shaved off its market cap and dogecoin (DOGE) slid by 18.2% this past week. The only two crypto assets in the top ten standings include solana (SOL) up more than 26% this week and polkadot (DOT) up 5.5%.

Prices taken for this weekend’s market update report were recorded on September 12, 2021, at 3:00 p.m. (Eastern Standard).

Solana and polkadot are part of a group of decentralized finance (defi) tokens and ethereum (ETH) competitors that have been moving up the ladder in value. On Sunday, elrond (EGLD) spiked 27.5% during the last 24 hours and is up 70.2% this week.

Osmosis (OSMO) is up 24.5% today and 57.5% during the last seven days. Tron (TRX) jumped 20.5% in 24 hours on Sunday and cosmos (ATOM) spiked by 20.1% in one day. 24-hour stats show avalanche (AVAX) is up 16.1% today and AVAX has risen 32.3% this week.

Tether Commands Weekend’s Top Crypto Trade Volume

Another top performer this weekend is algorand (ALGO) up 14% on September 12, and polkadot (DOT) is below ALGO’s standings. Kusama (KSM) has lifted by 10% today and sushi (SUSHI) from the Sushiswap decentralized exchange (dex) platform is up 7.4% today.

Prices taken for this weekend’s market update report were recorded on September 12, 2021, at 3:00 p.m. (Eastern Standard).

Sushi has lost 12% during the course of the last seven days, however. While solana (SOL) saw weekly gains, the coin is the third-largest losing coin on Sunday with a 5.6% loss in value. The top two coins that have lost the most fiat value this weekend include fantom (FTM) down 7.8% and icon (ICX) down 6.2% on Sunday.

Coin market cap aggregators show there is $118 billion in trade volume among all 10,000+ crypto-assets in existence today. The stablecoin tether (USDT) commands the top trade volume today with $61.8 billion worth of swaps.

Bitcoin (BTC) has around $27.3 billion in trades and ethereum (ETH) commands $18.1 billion in global trades. Cardano (ADA) is the fourth contender in terms of today’s 24-hour volume with over $6 billion in global swaps with ADA. Lastly, BNB has captured $4.6 billion in worldwide trade volume during the last 24 hours.