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This last week was characterized by historical rises, stays and falls, hashtag that are reborn and tweets that increase volumes.
More than 40% of conservative coins show a downward trend; while the vast majority have experienced slight growth and some Up to 200%.
The top of the coins this week is headed by DOGECOIN (DOGE), whose value has been affected favorably after a coordinated WallStreetBest buy action of the GameStop shares. Second place is held by Ripple Labs' XRP with a very familiar event. The third is occupied by Siacoin (SC) in the middle for its next hard fork. The fourth is occupied by Decred (DCR), which released a new version of its software. The last place on this list of crypto assets goes to Stellar (XLM), which invests $ 5 million in the Wyre Business Fund, a blockchain payments company.
In the field of conservative crypto assets, in the last 7 days Bitcoin has experienced devastating ups and downs to the very explosive. After the falls suffered in the middle of this month, trading throughout these seven days in the range of $ 30,000 to $ 37,000. The pioneering cryptocurrency regained its bullish momentum at the end of the week. On average the recovery is 4.4%. At the time of writing this post, its price was 32,638 USD.
For its part, Ethereum (ETH) also rose in price. Its rise averaged 1.7% this week, with the price moving between $ 1,300 and $ 1,442. This week, Galaxy Digital, Mike Novogratz's investment firm, announced the launch of an Ethereum-based mutual fund. The new product, which will be an index fund insurance, will be activated next February. The custody of the funds will be the responsibility of exchange Gemini.
In summary, the other relevant cryptocurrencies on the market also register ups and downs. Litecoin (LTC), fell 5.7%; Polkadot (DOT) fell 9.7%; and Cardano (ADA) lost 2.9%. Ripple's XRP, meanwhile, appreciates by almost 80% and is in the weekly top.
Key facts that led to changes this week
1- Dogecoin rose almost 800% after a tweet from groups linked to the WallStreetBets case.
2- Reddit users also bet on a rise in XRP, which appreciated by almost 80%.
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