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 June 16, 2023, on Coingecko.
The Big News:
- [Investor Alert] SEC Issues Advisories Against 10 Investment Schemes
- [Exclusive] Pioneer Crypto Exchange in the Philippines Withdraws Crypto License
- Axie Infinity Hosts Global Event in Honor of PH Independence
Top 5 Crypto Gainers of the Week
Kaspa (KASPA)
What is it: A proof-of-work cryptocurrency that implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel, rather allows them to coexist and orders them in consensus.
- Current price: $0.02134607
- Price change in the past 7 days: +33.9%
- Market cap: $383,169,907
- Trading volume: $13,384,984
Latest News: Kaspa Launches Funding Pool for $KAS Listing on Bitpanda
Coinweb (CWEB)
What is it: The utility token of Coinweb, a cross-chain computation platform that aims to deliver true interoperability for real-world usage. Coinweb’s unique approach is based upon the InChain architecture, which enables dApps built on top of the platform to take maximum advantage of blockchain interoperability with fewer trade-offs.
- Current price: $0.02884224
- Price change in the past 7 days: +23.2%
- Market cap: $89,758,935
- Trading volume: $362,239
Latest News: Coinweb.com Launches the Most Comprehensive Comparison Platform in the Cryptocurrency Sector
Beldex (BDX)
What is it: The native token of Beldex, a privacy-based ecosystem consisting of privacy-first decentralized applications that include BChat, BelNet, Beldex browser, the Beldex privacy protocol, and the Beldex bridge.
- Current price: $0.054426
- Price change in the past 7 days: +10.1%
- Market cap: $289,849,629
- Trading volume: $4,484,264
Latest News: Beldex raises $25M from Web3 investor DWF Labs
Everscale (EVER)
What is it: The utility token of Everscale, a blockchain network that is based on the Telegram Open Network (TON) architecture and aims to power a range of applications that require fast, secure, and scalable transactions. The network uses a proof-of-stake (PoS) consensus mechanism that rewards participants for securing the network and reduces energy consumption.
- Current price: $0.055601
- Price change in the past 7 days: +9.4%
- Market cap: $99,539,286
- Trading volume: $5,914,168
Latest News: Venom Ventures Fund commits $5M strategic investment in the Everscale blockchain
Metal DAO (MTL)
What is it: A utility token that currently governs the stablecoin Metal Dollar (XMD), in addition to providing tiered trading discounts to MTL holders when using the Metal Pay cash & crypto app. Metal DAO’s future utility includes the ability to propose new stablecoins for the Metal Dollar basket, including their allocation ratios, and the option to vote in new stablecoin issuers such as community banks or fintechs.
- Current price: $1.31
- Price change in the past 7 days: +9.4%
- Market cap: $84,894,140
- Trading volume: $26,575,529
Latest News: MetalPay Sets its Own DEX as Provider
Top 5 Crypto Losers of the Week
EOS (EOS)
What is it: The native token of EOS Network, an open-source blockchain platform that prioritizes high performance, flexibility, security, and developer experience. As a third-generation blockchain platform powered by the EOS virtual machine, EOS has an extensible WebAssembly engine for deterministic execution of near fee-less transactions.
- Current price: $0.629912
- Price change in the past 7 days: -29.4%
- Market cap: $691,947,787
- Trading volume: $91,353,962
Latest News: EOS Celebrates 5th Anniversary Owing to ‘Resilient’ Community
ApeCoin (APE)
What is it: An ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3. ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund should be used.
- Current price: $2.08
- Price change in the past 7 Days: -28.4%
- Market cap: $759,469,381
- Trading volume: $110,926,974
Latest News: Debate Over ApeCoin DAO Special Council Salaries Spreads on Twitter
Blox (CDT)
What is it: The native utility token of Blox, a non-custodial ETH2 staking service. Its mission is to make ETH2 staking safe, simple, and scalable without compromising on user privacy and Ethereum’s decentralization. Its core offering includes:
- Current price: $0.151751
- Price change in the past 7 Days: -26.9%
- Market cap: $105,306,619
- Trading volume: $99,879
Latest News: Genesis Miner-NFT by MetaBlox to be pre-launched on the Binance NFT
Flow (FLOW)
What is it: The native token of Flow, a blockchain designed as the foundation for a new generation of games, apps, and the digital assets that power them. Flow is the layer-one blockchain originally created by a team that has delivered great consumer blockchain experiences: CryptoKitties, Dapper Wallet, NBA Top Shot.
- Current price: $0.463900
- Price change in the past 7 Days: -26.1%
- Market cap: $472,336,447
- Trading volume: $23,480,203
Latest News: Algorand and Flow Crash to All-Time Lows Following SEC Lawsuits
Polygon (MATIC)
What is it: The governance token of Polygon (previously Matic Network), the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
- Current price: $0.582215
- Price change in the past 7 Days: -25.9%
- Market cap: $5,290,776,070
- Trading volume: $557,501,230
Latest News: Polygon Lands New Partner Despite SEC Securities Label: Details
This article is published on BitPinas: KASPA, MATIC | Crypto Gainers and Losers | June 17, 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-6-17-2023/
