- The top 10 cryptocurrencies have undergone a shakeup this week.
- A popular meme coin has been dethroned from the top 10 by a competitor.
- Even the biggest names in crypto have faced price drops.
The top 10 cryptocurrencies excluding stablecoins saw a shakeup this week, with Shiba Inu and Tron battling for the 10th position. As of today, Tron (TRX) has secured the coveted spot after a 4.3% gain over the past seven days. This climb coincides with Shiba Inu’s (SHIB) decline of 5.8% during the same period, pushing it out of the top 10.
Volatile Week in Crypto
Avalanche (AVAX) emerged as the biggest gainer this week, surging by an impressive 9.5%. Solana (SOL) followed closely behind with a 5% increase, while TRX secured its top 10 position with a 4.3% gain. Toncoin (TON) rounded out the list of gainers with a modest 1% rise over the week.
Cardano (ADA) limited its losses to a mere 0.4%, showcasing the most resilience among the top 10. Dogecoin (DOGE) and Binance Coin (BNB) experienced slightly steeper declines of 1.6% and 2.6%, respectively. Rounding out the top 10, Ripple (XRP), Ethereum (ETH), and Bitcoin (BTC) fell by 2.8%, 3.4%, and 4.7%, respectively.
This week’s price movements highlight the ongoing volatility within the cryptocurrency market. While some cryptocurrencies like Avalanche experience significant gains, others like Shiba Inu face setbacks. This underscores the importance of conducting thorough research before investing in any cryptocurrency.
Winners
Only 4 of the top 10 cryptocurrencies experienced price increases over the past week. Here’s a look at them:
Losers
6 of the top 10 cryptocurrencies experienced price losses over the past week. Here’s a look at them, ranked by their percentage decrease:
This is just a snapshot of the current market conditions at the time of writing. Cryptocurrency prices are constantly fluctuating, so it’s important to do your own research before making any investment decisions.
On the Flipside
- Despite dropping out of the top 10, SHIB retains a large and active community.
- The general decline in prices across the top 10 indicates a cautious market sentiment that could impact future performance.
Why This Matters
This shuffle in the top 10 underscores the ever-changing landscape of the cryptocurrency market. While established players like Bitcoin and Ethereum dipped, altcoins like Avalanche and Tron saw notable gains, demonstrating the potential for both established and newer projects to make significant moves.
If you’re interested in cryptocurrency, you might also be interested in this article about Bitcoin‘s recent price slump:
Bitcoin Struggles to Regain Footing After Double-Digit Drop
This article discusses the growing interest in Solana ETFs, and the regulatory hurdles that need to be cleared before one gets approved:
Solana ETF Race Heats Up as 21Shares Vies For SEC Approval
