Back to the list

BEAM and KAS Rise This Week Snagging Double-Digit Gains; XMR, FXS, and RON Face Sharp Declines

source-logo  news.bitcoin.com 13 February 2024 07:45, UTC

In the past week, bitcoin has risen over 10% and ethereum has seen a growth of more than 7%. Meanwhile, several cryptocurrency assets have posted significant double-digit increases. Notably, beam (BEAM) experienced a surge of over 49%, and kaspa (KAS) enjoyed a 37% uptick in its value within the same timeframe.

7-Day Crypto Gainers and Losers

This week witnessed strong performances from several alternative cryptocurrencies, with 23 different digital currencies achieving double-digit gains. Currently, the crypto economy maintains a steady pace with a valuation of $1.79 trillion, experiencing a slight decrease of 0.73% over the last 24 hours.

Bitcoin (BTC) holds a commanding 52.5% share of the total market value, while ethereum (ETH) secures 16.7% as of Feb. 12, 2024. The standout performer this week is beam (BEAM), which ascended by 49.9% over the week and added 5.4% in just the past day.

Kaspa (KAS) emerged as the week’s runner-up in terms of growth, marking a 37.1% increase, despite a 2.6% dip on Monday. Immutable (IMX), stacks (STX), bittensor (TAO), bittorrent (BTT), and bitcoin cash (BCH) also experienced significant gains, with increases ranging from 18.5% to 29.2% over the week.

Apart from BTC, ETH, and stablecoins, solana (SOL), xrp (XRP), and binance coin (BNB) led in trading volume for the day. Across numerous exchanges, the global trade volume reached $45.32 billion, marking a 0.48% rise from the previous day.

The most notable decline this week was monero (XMR), the leading privacy coin by market cap, which fell by 27.8%. Frax share (FXS) and ronin (RON) also saw decreases of 16.8% and 13.5%, respectively, over the last seven days. While three crypto assets experienced double-digit losses, only four others saw their values dip by single digits.

Overall, the crypto economy enjoyed a modest increase in value throughout the week. Looking ahead, enthusiasts in the crypto sphere are keenly anticipating Ethereum’s scheduled upgrade in March, along with Bitcoin’s halving event slated for April. Currently, as per the Altcoin Season Index on blockchaincenter.net, the consensus is “it is not altcoin season.”

What do you think about this week’s crypto gainers and losers? Share your thoughts and opinions about this subject in the comments section below.