As Leading Cryptos Dip Lower in Value, Elrond, Osmosis, Tron, Cosmos Token Values Climb

  • by

On Sunday, digital currency markets have seen some slight improvements but overall since September 6, 2021, the $2.21 trillion cryptocurrency market capitalization is down 9.79% from $2.45 trillion. While dominant coins like bitcoin and ethereum have slid between 8-12% during the last week, a number of other digital assets have seen double-digit weekly gains and even double-digit percentage spikes during the last 24 hours.

This Weekend’s Double-Digit Crypto Gainers

The price of bitcoin (BTC) has faltered 8% during the last seven days and ethereum (ETH) has dropped by 12% during the week. Cardano (ADA) shed 4% and binance coin (BNB) lost more than 16% during the last seven days.

The top ten crypto-asset XRP saw around 11.6% shaved off its market cap and dogecoin (DOGE) slid by 18.2% this past week. The only two crypto assets in the top ten standings include solana (SOL) up more than 26% this week and polkadot (DOT) up 5.5%.

Prices taken for this weekend’s market update report were recorded on September 12, 2021, at 3:00 p.m. (Eastern Standard).

Solana and polkadot are part of a group of decentralized finance (defi) tokens and ethereum (ETH) competitors that have been moving up the ladder in value. On Sunday, elrond (EGLD) spiked 27.5% during the last 24 hours and is up 70.2% this week.

Osmosis (OSMO) is up 24.5% today and 57.5% during the last seven days. Tron (TRX) jumped 20.5% in 24 hours on Sunday and cosmos (ATOM) spiked by 20.1% in one day. 24-hour stats show avalanche (AVAX) is up 16.1% today and AVAX has risen 32.3% this week.

Tether Commands Weekend’s Top Crypto Trade Volume

Another top performer this weekend is algorand (ALGO) up 14% on September 12, and polkadot (DOT) is below ALGO’s standings. Kusama (KSM) has lifted by 10% today and sushi (SUSHI) from the Sushiswap decentralized exchange (dex) platform is up 7.4% today.

Prices taken for this weekend’s market update report were recorded on September 12, 2021, at 3:00 p.m. (Eastern Standard).

Sushi has lost 12% during the course of the last seven days, however. While solana (SOL) saw weekly gains, the coin is the third-largest losing coin on Sunday with a 5.6% loss in value. The top two coins that have lost the most fiat value this weekend include fantom (FTM) down 7.8% and icon (ICX) down 6.2% on Sunday.

Coin market cap aggregators show there is $118 billion in trade volume among all 10,000+ crypto-assets in existence today. The stablecoin tether (USDT) commands the top trade volume today with $61.8 billion worth of swaps.

Bitcoin (BTC) has around $27.3 billion in trades and ethereum (ETH) commands $18.1 billion in global trades. Cardano (ADA) is the fourth contender in terms of today’s 24-hour volume with over $6 billion in global swaps with ADA. Lastly, BNB has captured $4.6 billion in worldwide trade volume during the last 24 hours.

What do you think about the groups of coins that saw double-digit 24 hour and seven-day percentage gains? Let us know what you think about this subject in the comments section below.

Market Updates, 24 hour gains, 7 day, algorand (ALGO), Avalanche (AVAX), Bitcoin (BTC), cardano (ADA), cosmos (ATOM), Dogecoin (DOGE), elrond (EGLD), Ethereum (ETH), fantom (FTM), Gains, icon (ICX), kusama (KSM), Losses, Market Update, Markets, markets crypto, Osmosis (OSMO), Percentages, polkadot (DOT), Prices, Solana (SOL), sushi (SUSHI), Tether (USDT), XRP

Bitcoin News

Read More