A notable divergence has emerged in the cryptocurrency market this week.
While the total market capitalization of crypto remains stable, the “winners” and “losers” are nearly split among the top 10 cryptocurrencies. Some coins have seized the chance to appreciate, while others have struggled to maintain their value. Specifically, Solana and XRP have seen price increases, whereas Ethereum and Toncoin have experienced significant declines.
The winners’ group includes Solana, XRP, TRON, and Bitcoin. SOL has consistently led the pack for two consecutive weeks, with a 7.2% increase. XRP follows in second place with a 3.4% increase, half of SOL’s gain. The remaining two spots in the winners’ group go to TRX and Bitcoin, with modest increases of 2.2% and 1.4%, respectively.
Among the top 10 cryptocurrencies, Toncoin and Ethereum have been the hardest hit, with decreases of 8.5% and 6.8%, primarily due to outflows from Grayscale’s Ethereum ETF. Following them in the “losers” list are Avalanche, down 6.4%, and Cardano, down 4.6%. Binance Coin and Dogecoin also saw decreases of 2.5% and 1%, respectively.
However, this landscape could change entirely in the coming week. The cryptocurrency market is highly volatile, and weekly performance may not accurately reflect long-term market trends.
