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In this article, we will be looking at the top five gainers and losers of the week, providing a brief description of each cryptocurrency and its performance. All data is accurate as of May 26, 2023, on Coingecko.
The Big News:
- Financial Stability Board Preparing ‘High-Level’ Recommendations on Regulation of Crypto
- New Ledger Recovery Service Faces Backlash from Crypto Community
- SEC Issues Advisory vs Gemini Exchange for Selling Unregistered Securities in the Philippines
Top 5 Crypto Gainers of the Week
CyberHarbor (CHT)
What is it: The native token of CyberHarbor, a multi-chain decentralized monitoring network that detects on-chain threats and anomalies in real time by scanning all transactions and block-by-block state changes.
It scores tokens and establishes a clearer security analysis chart through dimensions such as token transaction information, holder information, and short-term security testing.
- Current price: $4.55
- Price change in the past 7 days: +107.4%
- Market cap: $149,384,403
- Trading volume: $731,650
Latest News: CyberHarbor Releases Stage 4 of Roadmap
ARPA (ARPA)
What is it: The utility token of ARPA Chain, a privacy-preserving blockchain platform that aims to solve the scalability and security issues of existing blockchains. It uses a unique zero-knowledge proof technology to provide privacy for transactions, while still maintaining security.
- Current price: $0.108203
- Price change in the past 7 days: +105.9%
- Market cap: $105,848,786
- Trading volume: $210,404,602
Latest News: ARPA Network secures investment from DWF Labs to fuel growth of decentralized computing solutions
Krypton DAO (KRD)
What is it: The native token of Krypton DAO, the world’s first-known decentralized community alliance platform that adopts DAO governance. Krypton is a decentralized exchange—which shares a name similar to that of the home planet of a certain “Man of Steel.”
- Current price: $2.75
- Price change in the past 7 days: +56.9%
- Market cap: $280,417,723
- Trading volume: $51,630
Latest News: Decentralized Exchange Krypton Raises $7M From Framework Ventures, Samsung Next
SafeMoon (SFM)
What is it: A currency that is known for being resistant to manipulation. SafeMoon is designed to reward long-term holders and charges sellers a 10% fee, with part of that fee going back to existing holders.
- Current price: $0.00023358
- Price change in the past 7 days: +53.0%
- Market cap: $130,597,852
- Trading volume: $832,175
Latest News: Safemoon hacker returns over $7M from stolen funds
Akash Network (AKT)
What is it: The utility token of Akash Network, a decentralized cloud computing marketplace targeted toward decentralized application (dApp) developers in the decentralized finance (DeFi) space, as well as other high-computing, high-growth fields like machine learning. It uses a “reverse auction” system, where customers submit their desired price and providers compete for the business.
- Current price: $0.448320
- Price change in the past 7 days: +46.5%
- Market cap: $95,985,959
- Trading volume: $2,683,197
Latest News: Akash discord has been compromised
Top 5 Crypto Losers of the Week
ORDI (ORDI)
What is it: A cryptocurrency that runs on the Bitcoin protocol and presents information such as text and images as NFTs and tokens. It is the first cryptocurrency developed in the BRC-20 format on the Bitcoin network.
- Current price: $8.13
- Price change in the past 7 days: -31.6%
- Market cap: $172,213,911
- Trading volume: $38,057,481
Latest News: ORDI Price Surges to $15 After OKX Announced ORDI Listing By CoinEdition
LUKSO (LYXE)
What is it: The native token of LUKSO blockchain, a neutral base layer, and open technological playground for innovation It provides creators and users with future-proof tools and standards to unleash their creative force in an open interoperable ecosystem.
- Current price: $10.83
- Price change in the past 7 Days: -15.6%
- Market cap: $167,054,098
- Trading volume: $965,274
Latest News: Inventor of Ethereum’s ERC-20 Token Standard Plans New Blockchain ‘LUKSO’ for Creative Types
PancakeSwap (CAKE)
What is it: The native utility token of PancakseSwap, a decentralized exchange (DEX) built on an automated market marker (AMM) and run on the BNB chain . It allows users to trade tokens while also offering opportunities to profit from liquidity pools and staking.
- Current price: $1.55
- Price change in the past 7 Days: -15.4%
- Market cap: $314,810,440
- Trading volume: $46,531,231
Latest News: PancakeSwap v3 Now Live on BNB Chain, Ethereum
GMX (GMX)
What is it: The governance token of GMX, a decentralized, permissionless perpetual swap and spot exchange. Traders can use it to easily trade cryptocurrency on-chain just by connecting their wallets.
- Current price: $54.32
- Price change in the past 7 Days: -12.7%
- Market cap: $471,992,102
- Trading volume: $14,175,637
Latest News: Crypto Exchange GMX Proposes Deployment on Coinbase’s Base Blockchain
GalleryCoin (GLR)
What is it: A token-based cryptocurrency designed to be used in various fields of service related to the art investment platform Canvas N.
- Current price: $0.422120
- Price change in the past 7 Days: -12.2%
- Market cap: $101,289,627
- Trading volume: $147,778
Latest News: LBank Exchange Will List GalleryCoin (GLR) on March 9, 2023 (yahoo.com)
This article is published on BitPinas: CHT, ARPA | Crypto Gainers and Losers | May 27, 2023
Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.
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- Source: https://bitpinas.com/cryptocurrency/crypto-gainers-losers-5-27-2023/
