Crypto Market Analysis

Top Gainers and Top Losers of the Cryptocurrency Market During the Last Week of December 2018 to January 1st

Already a year past, 2018, will remain recorded as one of the heaviest for the cryptocurrency market despite the initial prediction that 2018 will bring new victories to the market of digital assets.

Even though the blockchain is progressing with adoption, integrations, and implementations, crypto market is still suffering, even with the first day of 2019 as Bitcoin, for instance, is still seen below the price of 4,000$.

Regardless of the state in the crypto market, there are always winners and losers at the end of the week, so let’s take a look at the top gainers and losers of the last week of December 2018 and the first day of 2019.

Top Weekly Gainers in the Crypto Market: Paragon (PRG) and Ethereum Classic (ETC) the Winners of the Week Despite the Bear Market

Focused on the cannabis industry and B2C transfer of funds through the ecosystem of PRG, Paragon is a definite winner of the week among over 2,000 live trading digital assets.

This is the case as PRG managed to score 490% of gains in the course of a single week, concluded with January 1st, also showcasing skyrocketing gains as the crypto is hitting over 1,272% in the course of only 24 hours, also making a top gainer of the first day of 2019.

Paragon (PRG) Weekly chart – Coinlib

Among the top list of 20 trading cryptos, surprisingly, Ethereum Classic is taking this week’s crown of the top gainer with 8.88% of gains in the course of the last seven days.

Ethereum Classic (ETC) Weekly chart – Coinlib

However, despite the weekly gains, bear trends are pulling ETC down by -2.24% against the fiat in the last 24 hours.

Top Weekly Losers in the Crypto Market: Bitcore (BTX) and NEM (XEM) the Biggest Losers of the Week

Bitcore has made its way to the top list of losers of the week with over -61% of losses in the course of the last 7 days among over 2,000 cryptos, while the asset is still sinking by nearly -10% for the last 24 hours.

Bitcore shouldn’t be mistaken for Bitcoin Core, while it is said to represent a combination of SegWit and 10 MB blocks, representing another fork of the original cryptocurrency, Bitcoin (BTC).

Bitcore (BTX) Weekly Chart – Coinlib

As far as the top list of 20 cryptocurrencies concerned, the top losing coin of the week is NEM (XEM) with over -9% lost in the course of the last seven days.

Following with losses around -6% and up are XRP, Zcash (ZEC), Monero (XMR) and Stellar (XLM).

NEM (XEM) Weekly chart – Coinlib

NEM is still dropping, although barely by over -1% for the day.

Even though 2018 is over, the first days of 2019 will still probably reflect the market trends of the previous year as 2019 trends are forming to reveal what to expect from the cryptocurrency market in the next 364 days.

For now, there are no significant indicators showing any radical changes in the market for the week, negative nor positive.

Image Credit: RT

Author: Maja

Leave a Reply

Be the First to Comment!

Notify of