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Home»ALTCOIN NEWS»Weekly winners and losers in the cryptocurrency market – BEAM, KAS, XMR, FXS
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Weekly winners and losers in the cryptocurrency market – BEAM, KAS, XMR, FXS

By Crypto FlexsFebruary 11, 20244 Mins Read
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Weekly winners and losers in the cryptocurrency market – BEAM, KAS, XMR, FXS
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  • Dymension, Beam, and Kaspa had the biggest wins this week.
  • Monero, Frax Share and Jupiter led the biggest losers this week.

This week, some of the top coins rose again, hitting record highs and influencing the cryptocurrency market.

Apart from these leading coins, several other coins also saw notable gains, with some showing even larger increases.

However, amid the upward trend, some coins suffered losses. Below is a list of AMBCrypto’s biggest winners and losers from February 4th to 10th.

biggest winner

size

Dymension (DYM) emerged as the top cryptocurrency this week, according to CoinMarketCap. DYM got off to a slow start on February 4, losing about $4.2.

However, as the week progressed, the price surged significantly, surpassing $7.50 by the end of February 10th.

This impressive increase has reached over 90% over the past seven days, solidifying its position as the week’s biggest winner.

At the time of this writing, DYM was trading at around $7.6 and had a market capitalization of around $1.1 billion.

beam

Beam (BEAM) was the second-highest gainer of the week, with an impressive gain of over 57%, according to data from CoinMarketCap.

Data analysis shows that BEAM started the week at around $0.017 and had a consistent upward movement throughout the week.

By the end of the week, its value had surged to around $0.024. At the time of this writing, BEAM was trading around $0.026 and had a market capitalization of over $1.3 billion.

when

Kaspa (KAS) recorded the third-highest gain this week, based on CoinMarketCap data.

AMBCrypto’s data analysis shows that KAS started the week on February 4 at around $0.01 and experienced a slight decline the following day.

However, it continued to rise sharply throughout the week, ending the week at around $0.14, reflecting a gain of around 45%.

AMBCrypto’s daily timeframe chart shows a five-day straight upward trend over the past week, which has continued at the time of this writing. KAS traded around $0.14, reflecting a gain of more than 4%.

Source: Trading View

Additionally, at the time of this writing, its market capitalization was approximately $3.3 billion.

biggest loser

Monero

Monero (XMR) started the week on a positive note with a trading value of around $165. However, as reported by CoinMarketCap, the week was on the decline, with losses of more than 28%.

AMBCrypto’s examination of the movement of

Monero daily hourly price trends

Source: Trading View

Despite a partial recovery the next day, it traded up almost 23% above $129 and then continued its downward trend. At the time of writing, XMR was trading at around $118.

The recent significant decline that Monero has experienced may be due to the exchange’s announcement.

The exchange announced plans to delist the asset, sending prices plummeting to historic lows. At the time of this writing, Monero’s market capitalization was approximately $2.1 billion.

Share Prax

Frax Share (FXS) suffered significant losses during the week, according to data from CoinMarketCap. AMBCrypto analysis shows a decline of more than 10.6% over the past seven days.

The week started at $10, rose the next day, and then fell on the third day.

By the end of the week, its value had fallen to around $9, a range it remained in at the time of this writing. At the time of this writing, Frax Share’s market capitalization was approximately $697 million.

Jupiter

Jupiter (JUP) entered a losing corner for the second week in a row, becoming the third-highest loser of the week, according to data from CoinMarketCap.

JUP started the week at around $0.53 and ended the week down to around $0.50, according to AMBCrypto’s data analysis.

At the time of writing, it was trading around $0.51, making some attempts at recovery. At the time of this writing, Jupiter’s market capitalization was approximately $695 million.

conclusion

Here’s a weekly recap of who gained the most and who lost the most. It is important to keep in mind the volatile nature of the market, where prices can change quickly.

Therefore, it is best to do your own research (DYOR) before making any investment decisions.

Next: How L2 Chain Powered Ethereum’s User Base

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