{"id":127013,"date":"2021-05-31T12:13:35","date_gmt":"2021-05-31T12:13:35","guid":{"rendered":"https:\/\/precoinnews.com\/?p=127013"},"modified":"2021-05-31T12:13:35","modified_gmt":"2021-05-31T12:13:35","slug":"weekly-price-analysis-total-crypto-market-cap-gains-by-27","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/weekly-price-analysis-total-crypto-market-cap-gains-by-27\/","title":{"rendered":"Weekly Price Analysis: Total Crypto Market Cap Gains By 27%"},"content":{"rendered":"

The last week in May was a bullish period for the entire cryptocurrency market. The entire cryptocurrencies opened the week with the total market capitalization of $1.23 trillion, it kept on increasing and it is now standing at $1.558 trillion, indicating a gain of about 27%. <\/strong><\/p>\n

<\/p>\n

Top gainers and losers of the week<\/h2>\n

In the past 7 days, some tokens such as Doge Token (DOGET) increased dramatically as higher as 623149.72%, Crypto Village Accelerator (CVA, +1355%), Pegazus finance (PEG, +1043%), BlossomCoin (BLOSM, +825%), and Bezoge Earth (BEZOGE, +624%). <\/p>\n

<\/p>\n

However, not all cryptocurrencies enjoyed the week. We have seen the prices of several cryptocurrencies touch the ground. For instance tokens like Bogged Finance (BOG) declined by about 99.99%, Polar (POLARV3, -97.66%), Zurcoin (ZUR, -97.07%), JustLiquidity Binance (JULB, -81.77%), and Amun Bitcoin 3x Daily Short (BTC3S, -80.49%).<\/p>\n

Among the top 100 coins, the best performer of the week was Polygon (MATIC) with a 7d gain of over 84.29%, followed by BakeryToken (BAKE, +72.37%), Enjin Coin (ENJ, +59.16%), Helium (HNT, +54.43%), and THORChain (RUNE, +43.69%). Last time the best performer was TrueUSD (TUSD, +0.15).<\/p>\n

<\/p>\n

Also, the top losers among the top 100 tokens globally were Internet Computer (ICP is among the top 10 coins by market cap) that dropped by about 19.4%, followed by Synthetix (SNX, -14.42%), Waves (WAVES, -13.3%), UNUS SED LEO (LEO, -9.79%), and Revain (REV, -7.02%). Last time, the worst performer was 3X Long OKB Token (OKBBULL, -98.28%) and SHIBA INU (SHIB).<\/p>\n

<\/p>\n

Bitcoin is struggling to recover<\/h2>\n

The week was also not friendly to Bitcoin, the world\u2019s biggest cryptocurrency by market cap. In the past 7 days, the price of Bitcoin touched a low of $31,227.34 and a high of $40,782.08. The price may seem good to many since it is still trading above other rival coins such as Ethereum that is currently trading at $2,436 (with a 7d gain of +20.28%.<\/p>\n

BTC is changing hands at $35,770  which is a big loss to several investors who predicted further growth after the coin registered a new all-time high of $64,000 in April. Unfortunately, the rally has ended with Bitcoin declining by over 44.65%, and it’s hard to predict its next price movement. <\/p>\n

However, at the beginning of the week, BTC had a market cap of $602.681 billion but at press the MC is standing at $674.314 billion, indicating that the coin is experiencing a positive trajectory.<\/p>\n

<\/p>\n

At the beginning of last week, Bitcoin had a trading volume of $67,359,584,098, but as of now, its volume is $45,199,631,557, indicating a heavy fall of about 33% in just 7 days. In the last 24 hours, its volume has plummeted by over 11.72%. This shows how high volatile cryptocurrencies are.<\/p>\n

Bull run among the giant coins<\/h2>\n

Among the top 10 cryptocurrencies by MC, the best performer is Uniswap (UNI) that has gained over 44.5% in the past 7 days, followed by Binance Coin (28.96%), Cardano (ADA, +28.81%), Ethereum (ETH, 17.43%) and Ripple (XRP, 10%). Last time it was only Tether and USD Coin that had survived the 7d bearish trend.<\/p>\n

<\/p>\n

Also, ICP and Dogecoin (DOGE, -3.57%), USD Coin (USDC, -0.07%) and  Tether (USDT, -0.02%) are the worst performers among the top 10 coins. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The last week in May was a<\/p>\n","protected":false},"author":3,"featured_media":127012,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nWeekly Price Analysis: Total Crypto Market Cap Gains By 27% - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/weekly-price-analysis-total-crypto-market-cap-gains-by-27\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekly Price Analysis: Total Crypto Market Cap Gains By 27% - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"The last week in May was a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/weekly-price-analysis-total-crypto-market-cap-gains-by-27\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-31T12:13:35+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/05\/Weekly-Price-Analysis-Total-Crypto-Market-Cap-Gains-By-27.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/weekly-price-analysis-total-crypto-market-cap-gains-by-27\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/weekly-price-analysis-total-crypto-market-cap-gains-by-27\/\",\"name\":\"Weekly Price Analysis: Total Crypto Market Cap Gains By 27% - 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