The cryptocurrency economy is doing well through the third week of the new year, compared to the end of 2022. It is currently valued at $993.17 billion, as many digital assets have seen double-digit gains over the past two weeks. . While some of the top ten cryptocurrencies such as bitcoin and ethereum are doing well, some digital currencies have outperformed several of the top ten coins in terms of gains this year.
Top Cryptocurrencies of the Week: Decentraland’s MANA, Frax Share, and FTT Lead the Way
digital currency markets have been in the green recently, as the leading cryptocurrency, Bitcoin (BTC), is up 23.29% against the US dollar in seven days. The second leading digital currency by market capitalization, Ethereum (ETH), has also gained 18.39% this week. Of the top ten positions, bitcoin has outperformed its competitors in terms of seven-day gains. However, a large number of cryptocurrencies outside the top ten have outperformed BTCLast week’s gains, with much higher gains against the US dollar.
For example, Decentraland’s MANNA token is up 88.02% this week. In the last 14 days, decentraland (MANA) has gained 131.8%. While MANA’s gains have been significant, at $0.721 per unit, the digital currency is still 87% below its all-time high on November 25, 2021. The second leading cryptocurrency this week is frax share (FXS), which has won 81.69%. fxs it is also up 111% against the US dollar in two weeks. The third biggest winner this week is the ftx token (FTT)as the exchange token is up a further 62.82% over the last seven days.
FTT managed to gain 160.5% against the US dollar in 14 days. Another big winner in the last seven days is helium (HNT)which jumped 59.53% during the week and a further 92.8% in two weeks. fit (APT) it has increased 57.21% in seven days and 114.5% in 14 days. Other digital assets that have outpaced bitcoin and ethereum gains so far this year include solana (SOL), composite (COMP), optimism (OP), convex finance (CVX), sandbox (SAND) and gala (GALA), respectively.
Meanwhile, as there have been a large number of winners in the past two weeks, there have also been a number of losers. According to seven-day statistics against the US dollar, the biggest loser is flare network (FLR), which has lost 16.76% last week. The coin was recently launched and has only been around for just over seven days. Other losers against the US dollar this week include nexo (NEXO) and unus sed leo (LEO). After a significant surge on January 16, the cryptocurrency economy as a whole is up 1.47% over the past 24 hours.
What do you think is driving the recent success of Decentraland’s MANA token and other double-digit digital assets? Share your thoughts in the comments section below.
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