It is really difficult to find the good in the past week’s altcoin markets, especially if you bought high with hopes of a crypto moon shot as we approach the end of 2019. This week started with altcoins taking the lead by driving the markets upward, even as Bitcoin continued to lag behind in gains. Some crypto experts claimed there were several bearish sentiments which clearly came to fruition over the last few days as witnessed by the steep crypto drop off in market cap and price.
Last week, as Ethereum and Ripple made 10-12% gains in a 24-hour window, Bitcoin reluctantly oscillated in a tight range and hovered around the $10,000 level. Though BTC dropped to the $9,600 level on September 18, 2019, it bounced quickly back to $10,000. This upward momentum faded on Tuesday and Bitcoin was back to the $9,000 level. Bitcoin’s dominance has dropped to 68.6% as Ethereum took a positive turn on Monday. Then on Tuesday, altcoins took a downturn with Bitcoin SV suffering with the greatest losses out of the top 10 altcoins.
In this article, we’ll cover the top gains and top losses in this week’s crypto bloodbath.
Top Gainers
Binance Coin (BNB)
Binance Coin has a negative ROI of 16.97%. Binance Coin scored double-digit gains in the past few months and the altcoin bloodbath triggered Binance Coin’s downward correction. Despite the bearish crypto market, Binance Coin’s overall ROI is over 9000% which is why we’re keeping it in the top gains section.
Bora (BORA)
BORA ranks 139 based on market capitalization and its project is described as a decentralized entertainment platform that distributes digital content and provides incentives to participants. This project is a layer-2 platform with an ERC20-based dual token system. BORA is currently trading at $0.0212. It has gained 66.58% in the past 24 hours. BORA is trading on Upbit, Bittrex, DigiFinex, and CoinExchange.
Crypterium (CRPT)
Crypterium has an ROI of 21.33% in the past 24 hours. Crypterium ranks in the Top 100 altcoins by market capitalization and it claims to have over 400,000 registered users and counts Keith Teare, co-founder of TechCrunch, among its advisers.
Loom Network (LOOM)
Loom Network gained 7.61% in the past 24 hours and it ranks 102 based on market capitalization. LOOM is a platform that provides a service intended to allow Ethereum-based Solidity applications to be run on side chains. LOOM has a negative ROI of 61.29%.
Metaverse ETP (ETP)
Metaverse ETP has gained 5.92% in the past 24 hours. ETP is a public open-source blockchain project that provides infrastructure for social and enterprise needs. Metaverse ranks within the top 100 altcoins according to CoinMarketCap.
Top Losers
Algorand (ALGO)
Algorand has a negative ROI of 24.32% and it is currently trading at $0.198. There are currently 53 markets for trading ALGO and the altcoin has a negative ROI of 93.95%. ALGO also ranks #53 based on market capitalization.
Ether Zero (ETZ)
ETZ is a relatively new altcoin, launching in January 2019. ETZ has lost 40.27% in the past 24 hours. ETZ is based on the PoW consensus and Etherzero is reportedly fully compatible with Ethereum allowing developers to publish their smart contracts on the Etherzero Blockchain free of charge. The project has a negative ROI of 80.20%.
IOST (IOST)
IOST has lost 21.46% in the past 24 hours and ranks #70 by total market capitalization. IOST has a negative ROI of 80.17%.
Pundi X (NPXS)
Pundi X has a negative ROI of 17.81% and is currently trading at $0.000261. Pundi X ranks 68th based on market capitalization. Pundi X aims to launch its cryptocurrency as a form of payment for retailers and consumers through their Point-of-Sale development, which could support digital commerce worldwide.
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