Digital currencies recorded sharp declines last week, as Bitcoin led the currency declines, losing more than 10% and trading below the levels of $ 44,000, causing the cryptocurrency market to lose more than $ 200 billion in market value, according to Coingecko data, to reach $2.17 trillion at the beginning of today’s session, the 12th of Sunday. September (September) with the return of digital currencies to the rise after it exceeded 2.35 trillion early last week.
On the other hand, some digital currencies shone despite these declines, as four digital currencies with a market value of more than 10 billion dollars recorded increases of more than 30%, as the cryptocurrency Solana rose by about 30% in the last seven trading sessions to trade this morning at levels of 180 dollars after it tested higher It reached an all-time high last Thursday by testing levels of $215, bringing its market value to $52 billion, ranking sixth in terms of market capitalization in the cryptocurrency market, with increases of more than a thousand percent since the beginning of the year.
The digital currency Terra, which is considered the most popular in its home country in South Korea, which occupies number 11 in terms of market value, has recorded increases of about 34% in the last seven trading sessions and is trading at levels of $42.61 and a market value estimated at $17 billion, with increases of more than 2,000 percent since It was launched in July of the year 2019 at a price of $0.65.
The digital currency Avalanche, which was launched in July of the year 2020, occupies the 14th place in terms of market value, recorded increases of about 31% in the last seven trading sessions, and is trading this Sunday morning at levels of $ 61.53, an increase of about 22% during the day only, and a market value of about 13 billion dollar .
The fourth and last currency from the list of the most shining currencies during the past week is the Algorand currency, which recorded increases of more than 80% in the last seven trading sessions, to trade this morning at levels of $2.17, with an increase in its market value to $11 billion after it tested $2.49 levels last Wednesday. To record increases of more than 630% since the beginning of the year, as the currency, which was launched in July of the year 2019, benefits from its plans to transform into a decentralized model, which is scheduled to occur on the first of next October.
06/11/2024
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