Amid Bitcoin’s Bear Market, These Are Last Week’s Top 5 Performing Cryptocurrencies | Currency News | Financial and business news

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Bitcoin and Ethereum

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While bitcoin and ether dominate the headlines, there are over 15,000 other cryptocurrencies. With less liquidity and more volatility, these alternative cryptocurrencies can offer investors massive gains or losses in a short period of time. These are the top five performing cryptocurrencies over the past week, according to data from CoinMarketCap.

Bitcoin’s ongoing bear market has sucked the lives of many popular cryptocurrencies, the crypto’s total market cap fell from $ 3 trillion to $ 2.2 billion over the past month. But other cryptocurrencies work very well despite the switch to risk.

With 15,498 cryptocurrencies existing and counted, there are more than triple the number of crypto coins than there are stocks listed on the stock exchange in the United States. This large amount makes it almost impossible to track all the big players in the crypto industry outside of well-known coins like Bitcoin, Ether, and Dogecoin.

The surge in the number of new crypto coins occurred amid a massive bull market for space in 2021, with a recent rally in bitcoin helping catapult the sector to a market valuation of nearly $ 3 trillion. dollars. But the rise is also due to smaller pieces which have seen extraordinary increases this year, most notably the solana, cardano and shiba inu.

With less liquidity and more volatility, these alternative cryptocurrencies can offer investors massive gains or losses in a short period of time. Shiba inu is down about 40% from its recent high, despite an increase of millions of percentage points since the start of the year. Meanwhile, the Squid Gambling Token fell 99% in a single day after making rapid gains of 75,000%.

Keeping an eye out for weekly winners can help investors identify which coins are starting to see increased traction in the crypto community.

These are the top five performing cryptocurrencies with a market value of over $ 1 billion over the past week despite a decline in bitcoin and ether, according to data from CoinMarketCap.

5. Celsius

Symbol: CEL Market Value: $ 1.0 Billion 7 Day Performance: 1.9%

CoinMarketCap

4. A BUT THE LION

Symbol: LEO Market value: $ 3.5 billion 7-day return: 3.4%

CoinMarketCap

3. Huobi Token

Symbol: HT Market value: $ 1.6 billion 7-day performance: 4.5%

CoinMarketCap

2. BitTorrent

Ticker Symbol: BTT Market Value: $ 3.2 Billion 7 Day Performance: 4.6%

CoinMarketCap

1. NEAR Protocol

Ticker Symbol: NEAR Market Value: $ 5.4 Billion 7 Day Performance: 7.0%

CoinMarketCap

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