The market appears to be bearish, however, the trends seem to be divided as one part of the crypto scene is showcasing bullish momentum and the other is going down, trading in the red zone.
After seeing TRON (TRX) at the top of the list in terms of collecting gains, for more than several weeks in a row, Litecoin (LTC) and Binance Coin (BNB) seem to be taking over this week’s spot of the top gaining asset on the list of top 20 trading cryptocurrencies.
However, yet another Bitcoin’s fork, called Bitcoiin (B2G) “Second Generation” is taking over the list of top trading cryptos with over 4,000% return in a single week, but still trading at the price under 1$ and under suspicion that the latest return represents a pump-and-dump scheme.
What is interesting is that in the middle of an ongoing market crisis, Bitcoiin (B2G) managed to become the 84th largest coin, trading as one of the top 100 digital assets with 131% against the dollar on February 5th.
Crypto Top Gainers – Binance Coin (BNB) on the Top List of 20, One of BTC’s Numerous Forks the Top Gaining crypto with 4,000% in a Week
Binance Coin (BNB) is taking the spot as the top gaining crypto of the week on the list of top 20 trading cryptocurrencies.
Ranked as the 12th-largest crypto, BNB is a part of Binance exchange, the biggest exchange by trading volumes that never fail to exceed half billion dollars on a daily basis, and is showing a return of 15% in the course of the last seven days.
Bitcoin, the original crypto, however, is up by barely 1%. On the other hand, one of Bitcoin’s many hard forks, Bitcoiin (B2G), that claims to have solved the problem of slow transaction times came to the scene without trying much to come up with a new name for their fork.
Perhaps that is how B2G managed to score over 4,000% of gains in the course of the last seven days, or perhaps the crypto is a subject of a pump and dump scheme. Despite of the latest weekly success, B2G is still traded under 1$.
Crypto Top Losers – SnapCoin (SNPC) the Biggest Loser, NEM (XEM) Down by 22% in a Single Week
NEM foundation is said to be having layoffs as the company is reportedly losing money during the cryptocurrency winter and perhaps driven by that news, NEM turns out to be the biggest loser in the last seven days among the top 20 cryptocurrencies.
NEM went down by -22% in the last seven days, however, the biggest losses for the week were recorded by a crypto named SnapCoin (SNPC) with almost -70% down in the course of the last 7 days.
While the cryptocurrency winter is more than evident even in February 2019, Bitcoin is still struggling with going above the value of 3,400$ and breaking the resistance of 3,500$, Ethereum (ETH) is still ranked as the third-largest crypto as the overall bear trends pertain.