EOS Still Making Gains in A Day Most Coins Are in Red

Cryptocurrencies
  • Ethereum has lost 15% in 7 days…
  • Most of the top coins have made losses

EOS is the surprising gainer among the top cryptocurrencies on Tuesday, August 23. The digital currency is up by 19.28% in the past 24 hours. This brings its 7 day gain to 40.6% and its market price to $1.78.

The asset has a market cap of $1.8 billion and a trading volume of $1.5 billion in the past 24 hours.

Top Gainers Among Top 30

Among the top 30 coins, the top gainers in the past 24 hours are Bitcoin Cash (BCH) – 11%, Cosmos (ATOM) – 15%, Litecoin – 6%, Ethereum Classic – 7%, Polkadot – 6% and Ethereum – 5%.

Ether is also among the big losers on the weekly chart as the cryptocurrency shed 15% of its value in just 7 days. This is as the coin market continues to struggle in a season that some analysts say could get worse.

Even at that, ETH is not the worst hit digital currency in a week that Bitcoin has dropped to just above $21k from $24k a week earlier.

Losses Among Top 50 Coins

Among the top 50 coins, Filecoin (FIL) is the biggest loser on the weekly chart. The cryptocurrency has lost 24% of its value in 7 days. Another big loser is Axie Infinity, the NFT metaverse gaming platform whose cryptocurrency dropped 23% of its value in the past 7 days. AXS is currently trading at $14 while FIL has a market price of $6.26.

Other coins that have lost at least 20% of their value in the past 7 days are Ankr – 27%, Gala – 22%, Holo – 20%, Celsius – 39%, STEPN – 30%, Loopring – 20%, Stacks – 21% and Waves – 20%.

Other Top Coins in Losses

Those in the top 70 ranked by market cap that have lost up to 20% in the past 7 days include Thorchain – 22%, Fantom – 20%, Helium 20%, Sandbox – 20%, Decentraland (MANA) – 21%, Flow – 22%, Near Protocol – 23%, Chainlink 20%, Ethereum Classic – 20%.

Bitcoin is trading at $21,200. Its 7-day loss is 11.7%, while its market cap is $405 billion, trading $33 billion in the past 24 hours. The digital currency has traded horizontally since August 20 after it dropped to $20,934 from $24,384 on the same day.

Author: Jinka Kamma

Jinka Kamma is passionate about the prospects of blockchain and the freedom cryptocurrencies afford people across borders. He holds small amounts of bitcoin and tether.

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