Another busy week in the cryptocurrency market, and despite having the daily prices on Sunday March 24th dropping in the top list of 20 cryptocurrencies in the last 24 hours, also recording weekly losses at some cryptos, other digital assets such as Cardano (ADA) seem to be immune to the present dips in the market.
The top losing cryptocurrency on the list of top 20 cryptocurrencies is presently EOS (EOS) for the week, while Coni (CONI) makes up for the definite winner of the week with 228% of gains in the period of the last seven days.
Crypto Top Gainers of the Week: Cardano (ADA) Spiking Despite Downward Trends in the Market, Coni (CONI) the Definite Topper of the Week
Among the list of top 20 cryptocurrencies, the winner of the week between March 17th and March 24th is Cardano (ADA) with 20% up against the fiat in the course of the last seven days.
Cardano might have gained an increased momentum as the teams behind the crypto market’s 11th-largest digital asset with the total market capitalization of 1.57 million dollars, had released the latest version for the network, called Cardano version 1.5.1.
The most recent upgrade is said to be an interlude to one of the most important upgrades that Cardano will go through, transgressing to Cardano BFT. As Cardano teams are planning to change the protocol of the network to a form of Proof of Stake consensus that will allow the network to process more transactions per second alongside acquiring a more scalable blockchain-based environment.
The ultimate goal of the project is to obtain scalability, interoperability and sustainability, after which Cardano (ADA) would become third generation cryptocurrency.
The definite winner of the week, however, on the list of over 2000 different digital assets is Coni (CONI) with 228% of gains for the week.
Crypto Top Losers of the Week: EOS (EOS) Sinking by Nearly -4%, Ormeus Coin (ORME) the Definite Loser of the Week
What may have caused a sudden decline in the price of EOS in the market, might be the case of having an EOS user creating and broadcasting a fake transaction of 1 trillion EOS units, which is the equivalent to around 3.6 trillion dollars several days ago around March 20th.
The case might serve as an example to EOS developers in terms of updating the network in order to prevent such incidents from happening again. While EOS is competing against Ethereum for dominance in the market of Dapps, this case might have degraded the reputation of the 5th-largest coin to a certain extent.
EOS is down on its weekly chart by -3.80%, sinking below the losses of its crypto peers from the top 20 list that are also showcasing the side-effects of present downward trends.
However, the definite loser of the week is Ormeus Coin (ORME) with -64% of losses in the period of the last seven days.
Ormeus Coin is described as “a new digital money” backed by reserves earned through audited cryptocurrency mining operation.