The bear trends are not giving up on cutting prices of top trading currencies as well as the rest of the cryptocurrency market.
However, a portion of digital assets is showing a bullish performance in the last 7 days despite the frequent negative market trends.
TRON (TRX) ended another week as the top gaining currency on the list of top 20 trading cryptos, while Ethereum is having a rough time attempting to take a rebound.
Cryptocurrency Market Top Gainers of the Week: TRON (TRX) Ends Another Week with Positive Returns, Delphy (DPY) the Weekly Top Gainer
TRON foundation has a lot going on during the past several weeks with the start of BitTorrent Token (BTT) sale on Binance Launchpad as BTT is created as TRC-10 type token that should be hosted on TRON network.
Finding new use cases and sharing accelerated progress in and outside the cryptocurrency market, TRON’s latest success seems to be reflecting in the price of TRX in the market as well.
That is how TRXC made it with over 8% of gains in the course of the last seven days, followed by Binance Coin that went up by nearly 7% in the last seven days concluded with January 23rd.
TRON (TRX) Weekly Chart – Coinlib
TRON managed to collect more positive momentum during the last seven days thanks to BTT, Project Atlas, TRON Dapp Accelerator and niTROn summit in San Francisco that took place on January 17th and ended after on the second day of the summit on January 18th.
Additionally, the top gainer of the week among the list of over 2,000 currencies is Delphy (DPY) with over 191% of gains in the last seven days.
Delphy (DPY) Weekly Chart – Coinlib
Delphy represents a distributed ledger social mobile platform for market predictions and it is hosted on Ethereum platform.
Cryptocurrency Market Top Losers of the Week: Ethereum Losing on Its Value, TCOIN (TCN) the Definitive Loser
Ethereum (ETH) is still struggling with getting back up to its previously held rank of the second-largest currency in the crypto market as XRP once again managed to take over, currently making a difference of around 1 billion dollars between the market cap of ETH and XRP.
Although XRP is dipping on the weekly chart as well, Ethereum lost over -4% against the fiat in the course of the last 7 days, which makes ETH the top losing crypto on the list of top 20 trading cryptocurrencies.
Ethereum (ETH) Weekly Chart – Coinlib
The bearish movement in the market might have resulted from yet another postponing of Constantinople hard fork that should have taken place at the block height 7,080,000.
Instead, one of the most important updates to Ethereum network that should gradually lead to transition to Proof of Stake protocol should be out by the end of February 2019.
The definite loser of the week in the cryptocurrency market is TCOIN (TCN) with over -44% against the fiat in the course of the last seven days.
TCOIN (TCN) Weekly Chart – Coinlib
The case of TCOIN’s major drop in the last seven days can be justified with slow network time, as the team behind TCN announced on their official websites that TCN transfers can take days as they are trying to find a solution for network delays.
Image Credit: Reddit