This Week’s Crypto Snapshot: TIA and YFI Soar; GAS, TRB, MKR Struggle

Thursday, November 16, 2023, marks a steady phase in the crypto economy, maintaining a value of $1.4 trillion with a modest increase of 0.44% in the last 24 hours. Concurrently, despite the seven-day downturn experienced by both bitcoin and ethereum this week, a notable 39 cryptocurrencies have achieved double-digit growth. Notably, celestia (TIA) and yearn finance (YFI) have seen significant surges, recording triple-digit increases in their value.

The Week’s Biggest Crypto Gainers and Losers

Despite a minor slump last week, with BTC and ETH declining by 1.9% and 2.1% respectively over a seven-day period, a significant number of cryptocurrencies fared much better. This week, celestia (TIA) emerged as the top performer, rising 122% against the U.S. dollar.

TIA/USD on November 16, 2023.

Close behind was yearn finance (YFI), registering a 119% uptick against the greenback. Following these, thorchain (RUNE) also experienced a notable increase, climbing 71% in the past week.

YFI/USD on November 16, 2023.

This week also saw impressive climbs from several other crypto assets. Avalanche (AVAX) leaped by 66%, while 0x (ZRX) ascended 62%. FTX token (FTT) also showed a notable increase, rising by 57%, and kaspa (KAS) escalated by 50%.

In total, 15 crypto assets experienced growth of 30% or more over the past week. Additionally, 23 tokens surged over 20%, and 39 cryptocurrencies reported double-digit gains.

However, the week wasn’t favorable for all, as some faced significant declines. Gas (GAS) witnessed a steep 55% fall, tellor (TRB) decreased by 36% against the U.S. dollar, and storj (STORJ) dropped by 16%.

GAS/USDT on November 16, 2023.

A total of 11 crypto tokens witnessed double-digit losses this past week. 39 crypto assets in total shed more than 5% in value against the U.S. dollar. 50 digital currencies dropped 3% or more this week.

In terms of the last 30 days, ORDI leads the pack rising 741% and RUNE follows with its 324% gain. Makerdao’s (MKR) was the biggest loser last month, shedding 2.7%.

What do you think about the week’s biggest gainers and losers in the world of crypto trading? Share your thoughts and opinions about this subject in the comments section below.

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