The cryptocurrency economy has improved during the third week of the new year, compared to the end of 2022. It is currently worth $993.17 billion, as many digital assets have doubled their profits in the past two weeks. While some of the top ten cryptocurrencies, like bitcoin and ethereum, are performing well, some digital currencies have surpassed some of the top ten coins in terms of earnings this year.
Top Cryptocurrency Players of the Week: MANA Decentraland, Frax Share, and FTT Lead the Way
Digital currency market has been in the green recently, as a leading cryptocurrency, bitcoin (BTC), has traded up 23.29% against the US dollar in the last seven days. The second digital currency by market capitalization, ethereum (ETH), has also gained 18.39% this week. From the top ten positions, bitcoin has outperformed its competitors in terms of seven-day gains. However, many cryptocurrencies outside the top ten have surpassed it BTC‘s gains in the past week, with much higher gains against the US dollar.
For example, Decentraland’s WHERE the token has risen 88.02% this week. During the last 14 days, decentralized (MANA) has achieved 131.8%. While MANA’s gains have been significant, at $0.721 per unit, the digital currency is still down 87% from its all-time high on November 25, 2021. The second leading cryptocurrency this week is frax share (FXS), which has reached 81.69%. FXS it has also increased 111% against the US dollar in two weeks. The third biggest gainer this week ftx token (FTT)as token exchange has climbed 62.82% higher in the last seven days.
FTT managed to gain 160.5% against the US dollar in 14 days. Another big gainer over the last seven days is helium (HNT)which jumped 59.53% in one week and 92.8% higher in two weeks. Aptos (APT) has increased 57.21% in seven days and 114.5% in 14 days. Other digital assets that have outpaced bitcoin and ethereum’s gains so far this year include solana (SOL), compound (COMP), optimism (OP), convex finance (CVX), sandbox (SAND), and gala (GALA).
Meanwhile, as there were a lot of gainers over the two weeks, there were also some losers. According to the seven-day statistics against the US dollar, the biggest losses were flare network (FLR), which has lost 16.76% this past week. This coin is newly launched and only available for seven days. Other losses against the US dollar this week include nexo (NEXO) and unus sed leo (LEO). After a significant rise on January 16, the overall cryptocurrency economy is up 1.47% in the last 24 hours.
What do you think is driving the success of Decentraland’s MANA token and other double-digit digital assets? Share your thoughts in the comments section below.
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