The cryptocurrency market is seen in a prolonged decline for weeks now as November is most certainly marked by negative trends.
Top trading currencies like Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and even Ripple’s XRP and Stellar Lumens (XLM) are all touching new lows for 2018, altogether dropping in a major decline with the rest of the market.
But as with every week, there are losers and gainers despite the negative market trends and the establishment of the dipping November.
Top Gainers of the Week: EOS (EOS) and Veros (VRS)
EOS is seen in a major decline, which is obviously not a victory at all, but unfortunately, in the case of top 20 trading cryptocurrencies, EOS has lost the least of its value in the last seven days, which makes it a top gainer among the list of top 20.
With the rest of the market among the top 20 currencies, all cryptos are declining from –30% to -50% in the last seven days, so we are practically judging which cryptocurrency lost the least of its value.
EOS (EOS) – weekly chart – Coinlib
In this case, that is EOS (EOS) that has also managed to get back to the spot of the 5th largest cryptocurrency, revisiting this ranking once again as Stellar Lumens (XLM) went down by -20% in less than 24 hours on November 25th.
As far as the list of all cryptos concerned the definite winner of the week is respectfully Veros (VRS) as the crypto went up by over 250% in the last seven days. However, VRS is currently going down by over -36% in the last 24 hours.
Veros (VRS) – weekly chart – Coinlib
Top Losers of the Week: Tezos (XTZ) and Aphelion (APH)
Bitcoin Cash is once again taking the spot of the biggest loser on the list of top 20 trading currencies.
This time, although BCH managed to acquire a rebound of over 17% up against the dollar several days ago, BCH is seen down by over 52% against the fiat in the course of the last seven days.
Bitcoin Cash might be rising by nearly 10% in the last hour at the time of this writing, but the recollection of gains in the last hour is just not enough to place BCH among more progressive currencies.
Bitcoin Cash (BCH) – weekly chart – Coinlib
Bitcoin Cash even lost its spot at one point, leaving it to XLM that later on went down to touch the spot of the 6th largest crypto while BCH remained on the 4th place by its market cap.
Additionally, on the list of all cryptocurrencies, the rank of the top loser goes to Aphelion (APH) losing over -85% of its value in the course of the last seven days.
Aphelion (APH) – weekly chart – Coinlib
While these cryptocurrencies are being pulled down by dips with the declining market, it is yet uncertain whether bullish market trends can pull the market out of the major losses recorded in the past several weeks.
That is how all top trading cryptos, including Bitcoin and Bitcoin Cash, are touching new lows for the year.
Image Credit: IrishTechNews
