As Bitcoin and Ethereum took a breather, 1 lesser-known crypto hit a new high last week – Bitcoin (BTC/USD)
In a generally bearish market Bitcoin BTC/USD, Ethereum ETH/USD and Dogecoin DOGE/USD saw moderate peaks of 0.52%, 3.05% and 0.96% respectively last week.
Certain cryptocurrencies stood out from the crowd in this volatile environment – some have seen a massive influx in the past week. Benzinga gives you its weekly overview of the top five winners and losers.
| Cryptocurrency | Weekly performance | Price (Monday at 12:05 p.m. EDT) |
|---|---|---|
| Huobi Global | +28.89% | $8.70 |
| Klaytn | +26.10% | $0.1803 |
| Aave | +16.445% | $87.59 |
| Toncoin | +14.40% | $1.41 |
| Aptos | +12.58% |
$9.44
|
Huobi token HT/USDthe original coin of China’s once popular cryptocurrency exchange Huobi Global rose over 28.89% in the last seven days. The initial HT hype ended after the news of Justin Sun’s assumption of leadership at Huobi. During the last two days, the price of HT has risen again – and added 16%.
See more: Best cryptos to hedge against inflation
Klaytn token CLAY/USD, a metaverse and gamefi-focused public blockchain gained 26.10%, reaching the $0.1803 mark. The increase came as a result of a new announcement of governance proposals, which increased optimism and bullishness in the community.
An ongoing proposal from our GC recommends reducing existing block rewards by ⅓ to optimize the level of $CLAY emissions.
The results of the governance vote will be available by 25 October 2022.
More details here: https://t.co/wkC9WEOrzq
— Klaytn (@klaytn_official) 23 October 2022
Aave AAVE/USD ranked top-third with an increase of 16.445%, followed by Telegram Open Foundation native coin TON TONS/USD increases 14.40%. The token has reacted impressively after Telegram announced on Saturday that it will offer usernames via a platform on TON, two months after the idea was launched by Telegram founder Pavel Durov.
Aptos APT/USD was number five, up 12.58% over the past seven days.
The worst performing cryptocurrencies that witnessed intensive selling were Axie Infinity AXS/USD, Quant QNT/USD, Ethereum naming service ENS/USD, Terra Classic LUNC/USD, Casper CSPR/USDfalling 21.40%, 15.01%, 14.24%, 12.04% and 11.44% respectively.
Read Next: Bitcoin, Ethereum, Dogecoin bounce higher – analyst says crypto ‘party could start’ this week
