Despite the Crypto Market Dip, Weekly Gains Show OSMO, ATOM, FTM, and a Slew of Other Assets Shined
On January 5, digital currency markets shed a great deal of value as bitcoin dropped below the $44K handle during the late afternoon (EST) trading sessions on Wednesday. Nearly every coin has shed 24-hour value, but a slew of crypto assets have seen double-digit gains and have managed to stave off the crypto economy downturn. This Week’s Double-Digit Crypto Gainers
At the time of writing, the crypto economy is down more than 7% to a low of $2.16 trillion on Thursday, January 6, 2022. The price of bitcoin (BTC) has lost 7% this week as well as it dropped below the $44K zone from the $46K region where it sat 24 hours prior. BTC’s current 24-hour range is between $46,901 per unit and a low of $42,466 per unit.
Other top crypto assets have shed significant value as well as ethereum (ETH) is down more than 10%, binance coin (BNB) has lost over 8%, and solana (SOL) has dipped more than 11% in USD value. Weekly metrics were recorded on January 6, 2022, at 9:45 a.m. (EST). Osmosis (OSMO) is this week’s biggest crypto gainer as it gained 41.3% against the U.S. dollar in seven days. Weekly metrics were recorded on January 6, 2022, at 9:45 a.m. (EST).
Despite the major drawdown across most of the 12,000 crypto assets in existence, a number of digital coins have seen double-digit seven-day gains against the U.S. dollar. For instance, osmosis (OSMO) is up 41.3% this week, and cosmos (ATOM) has jumped 34.9%. Those two tokens are followed by fantom (FTM) (+32.5%), ravencoin (RVN) (+27.7%), and internet computer (ICP) (+25.9%). MIOTA, SPELL, SUSHI, KDA See Double-Digit Losses This Week
Harmony (ONE) jumped 25.7% this past week, chainlink (LINK) is up 23.5%, and yearn finance (YFI) has increased 23.3% in seven days. In addition to the aforementioned gainers, celo, curve, mina protocol, near, klaytn, thorchain, stellar, helium, kucoin token, bittorrent, and oasis are still up this week with 1% gains or higher. The biggest loser during the last seven days was iota (MIOTA) as the crypto asset shed 19.5% in value. The crypto asset iota (MIOTA) is this week’s biggest loser against the U.S. dollar, shedding 19.5% in value over seven days. Weekly metrics were recorded on January 6, 2022, at 9:45 a.m. (EST).
MIOTA is followed by spell token (SPELL) (-18.8%), sushi (SUSHI) (-18.5%), and kadena (KDA) (-16.7%). At the time of writing, more than a dozen stablecoins are the only tokens that managed to stave off the 24-hour slide due to their fiat pegs, and all of them command roughly $98.2 billion in global trade volume. Statistics show that 61.95% of all the trades on January 6 are against the myriad of stablecoin crypto assets. Tags in this story 24 hour losses, Bitcoin (BTC), celo, cosmos (ATOM), Curve, double digit losses, Double-Digit Gains, Ethereum (ETH), fantom (FTM), Gainers, Gains, helium, internet computer (ICP), klaytn, kucoin token, Losers, Losses, Markets, markets and prices, mina protocol, NEAR, osmosis, Osmosis (OSMO), ravencoin (RVN), Stablecoin Volume, Stablecoins, Stellar, Thorchain
What do you think about this week’s double-digit crypto asset gainers? Let us know what you think about this subject in the comments section below. Jamie Redman
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Bitcoin Dips Below $44K, Crypto Economy Drops 4.5%, Traders Rush to Stablecoins MARKET UPDATES | 1 day ago Crypto Economy Loses 3% Overnight, Bitcoin Slides Below $46K, Analyst Says "Downward Force Still Strong" MARKET UPDATES | Dec 20, 2021
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