November started out with an upward trend which led to the bullish return of top cryptos with only several exceptions in the list of top trading currencies.
While some currencies like Bitcoin Cash were showing 50% on weekly rises by November 7th, the rest of the market was also able to take a rebound and recollect from previous losses.
As in every week, there are gainers and losers likewise in the cryptocurrency market, so let’s see which cryptocurrencies have gone down and which are spiking up against the fiat during the course of the last seven days.
Top Gainers of the Crypto Market: November 5th to November 11th
The definite winner of this week is Pedity (PEDI), ranked among the list of top 500 currencies. The cryptocurrency is rising by over 426% in the course of a single week, which names the latest rebound as extremely benevolent for PEDI currency.
Pedity (PEDI) – weekly chart – Coin Market Cap
However, despite the previous weekly gains, PEDI is seen dropping by nearly -10% on the last day of the week. Still, the crypto deserves the crown of the top gainer of the week among the competition of over 2,000 different live trading cryptocurrencies.
As far as the list of top 20 currencies concerned, the crown is taken by Stellar (XLM) with almost 13% of gains at this point, while the previous currency taking the title earlier in the week was definitely Bitcoin Cash.
Stellar (XLM) – weekly chart – Coin Market Cap
Top Losers of the Crypto Market: November 5th to November 11th
The market has a dark side as well, so naturally, there are some currencies that didn’t respond to the latest wave of positive market trends that have opened a strong opportunity for a rebound.
Even though the cryptos are dipping once again, there are several currencies that stand out in the market in a rather negative way this week – by going down against the fiat.
The crypto leaving the week between November 5th and November 11th with the heaviest dip is said to be VisionX (VNX) which is ranked close to the list of 2,000 currencies still dipping with the end of the week by falling by over -2%.
VisionX (VNX) – weekly chart – Coin Market Cap
Additionally, VNX lost almost -80% of its value during the course of a single week.
For the top 20 list of currencies, the biggest loser when it comes to counting losses is the currency that previously counted the most gains in the course of only six days when it managed to climb by 50% of gains, Bitcoin Cash.
BCH is now seen down by -6% which is currently the highest percentage of collected loss for a single currency in the list of top 20 currencies.
Bitcoin Cash (BCH) – weekly chart – Coin Market Cap
The case of Bitcoin Cash indicates how unstable the cryptocurrency market still is, imposing gains as fast as it dictates losses and negative market trends.
The overall state of the market on Sunday in the second week of November is divided as while some currencies are going down other cryptos are trying to go up above 1% of gains in the last 24 hours in a rather bearish market.
Image credit: Pixabay
