Introduction

Cryptocurrencies are the digital or virtual coins secured by cryptography that makes it next to impossible to counterfeit the currency. They have their own store values and are truly designed to use as a medium of exchange for buying goods or services at any said time or place. Cryptocurrencies are actually decentralised in character that clearly means that no government or no market authority can regulate or control these currencies.

Talking about the earlier phase of the cryptocurrencies, they were not legalized or accepted by most of the traditional and even modern markets but later as the rate of awareness of such currencies increased in the common people, they were accepted and even legalized in most of the nations. Today the global market is very fragile and sensitive.

The market is changing minute after minutes and second after seconds so cryptocurrencies are also fluctuating at a vigorous and huge momentum. Hence the trend analysis of these currencies is becoming a vital part of the studies. Hence we are going to get a quick view of this week’s cryptocurrency trends and analysis.

What is the current cryptocurrencies trend this week?

Crypto trend this week was very unpredictable. Talking about the crypto market, crypto market was very vulnerable last year. It was told that the year 2022 will be a year of a great success and upward trend for the crypto market. This year it is expected that the crypto can gain an excellent momentum and popularity.

The trend is that the bitcoin currency had a very much upward trend. Ethereum too was seen in an upward trend this week.Tether was seen in a very bad trend this week. BNB was foynd to progress in an upwaed and downward trend too. USD coin was found to be in a negative trend but the trend remained constant throughout the week. XRP crypto currency was seen in a good move last week and the trend was even positive.

Binance USD was found to be in a very negative trend. The trend was constant but the prices and market was seen in a downward trend. Cardano cryptocurrency was found in an excellent stage this week. The trend was seen in a very positive condition. Dogecoin was found in a very shaky trend but the trend was even found positive. Solana crypto currency was found in the same positive trend too.

Now let is know about some top cryptocurrency gainer tokens this week and cryptocurrency prices. Magic is priced at ₹ 108. Injective is ₹ 168 rated. This week Cartesi is priced at ₹ 12.92 this week. Shardus is rated at 24.94 Rupees this week. Ribbon finance was also on the gainers list. All these tokens were found on the the crypto gainers list this week.

Now talking about some losers too. Some tokens were found to be in a loss too. These token were as follows. Saitama was seen in a 15% loss. SingularityNET was seen at a 12% negative margin. API3 at a negtive margin of 9%. Serum was also seen as a crypto loser with 8%. Flux was also seen at a negative rate of 8%.

Now let us see a small data in a tabular form regarding the crypto gainers and crypto losers in the market this week.

CRYPTO GAINERS	CRYPTO LOSERS
Magic	Saitama
Injective	SingularityNET
Cartesi	API3
Shardus	Serum
Ribbon Finance	Flux

Top 10 cryptocurrencies this week and cryptocurrency prices

1. BITCOIN

Talking about the cryptocurrency which was on the number one position. Bitcoin was rated at $ 22889 and it came first.

2. ETHERIUM

Ethereum ranked second with the rate of $ 1627 per. Ethereum is also a very popular cryptocurrency this week.

3. TETHER

Tether ranked third on the list of the most ranked cryptocurrencies this week. The rate per was recorded at $ 1.

4. BNB

The BNB coin was ranked fourth at the cryptocurrency ranks thos week and it was riced at $ 302.

5. USD COIN

The rank of USD COIN was ranked at 5th place. The rate is $ 1 at the current market.

6. XRP

The XRP rate this week is $ 0.4. The rank is at 6.

7. BINANCE USD

The rank of Binance USD was the 7th top most cryptocurrency this week. The rate recorded at $ 1.

8. CORDANO

The rank of Cordano was the eight on the list. The rate recorded was $ 0.3.

9. DOGECOIN

The Dogecoin was the cryptocurrency ranked at the 9th position. The rate recorded is $ 0.08.

10. SOLANA

The rank of Solana cryptocurrency was recorded at the 10th position. The price recorded at $ 25.

Conclusion

This analysis makes some very important studies of the the top 10 cryptocurrencies this week. We saw the important definitions of the cryptocurrencies in the market. Later we saw the trends of the cryptocurrencies this week.

The study made some analysis of the top cryptogainers and cryptolosers tokens in the cryptocurrency market. Later in the end we saw the market leaders in cryptocurrency this week. Bitcoin was found to be at the top of list.

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(Disclaimer: This is provided only for information purpose. Top10listweb.com does not recommend any cryptocurrency to buy/sell/hold. Do your own research and/or consult your financial advisor before investing.)

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