Crypto market’s weekly winners and losers – BEAM, KAS, XMR, FXS

• Dymension, Beam, and Kaspa had the biggest wins of the week.
• Monero, Frax Share, and Jupiter led the biggest losers of the week.

This week saw a resurgence in some top coins, reaching new highs and influencing the crypto market.

In addition to these leading coins, several others also experienced notable gains, with some showcasing more significant increases.

However, amid the gainers, some coins faced losses. Here’s AMBCrypto’s list of the biggest winners and losers from the 4th to the 10th of February.

Biggest winners 

Dymension

Dymension (DYM) emerged as the top-performing cryptocurrency of the week, as per CoinMarketCap. DYM had a slow start on the 4th of February, trading at a loss of around $4.2. 

However, as the week unfolded, its price experienced a significant surge, reaching over $7.5 by the end of 10 February.

This remarkable increase amounted to over 90% within the last seven days, solidifying its position as the week’s biggest winner.

At the time of writing, DYM was trading at approximately $7.6, with a market cap of about $1.1 billion.

Beam

Based on data from CoinMarketCap, Beam [BEAM] secured the position as the second-highest gainer of the week, boasting an impressive increase of over 57%.

Analysis of the data indicated that BEAM started the week at around $0.017 and demonstrated consistent upward movement throughout the week. 

By the week’s conclusion, its value had surged to around $0.024. At the time of this writing, BEAM was trading at about $0.026, accompanied by a market cap of over $1.3 billion.

Kaspa 

Kaspa [KAS] secured the third-highest gains for the week, based on data from CoinMarketCap.

AMBCrypto’s analysis of the data showed that KAS started the week on the 4th of February at about $0.01, experiencing a slight decline the following day. 

However, it underwent a rapid ascent throughout the week, concluding the week at around $0.14, reflecting an increase of nearly 45%.

AMBCrypto’s look at its daily timeframe chart revealed a five-day consecutive uptrend in the past week, which continued at the time of this writing. KAS traded at around $0.14, reflecting an increase of over 4%.

Source: Trading View

Also, its market cap was around $3.3 billion at the time of this writing.

Biggest losers

Monero

Monero [XMR] began the week on a positive note, with a trading value of around $165. However, the week took a downturn, resulting in a loss of over 28%, as reported by CoinMarketCap.

AMBCrypto’s examination of XMR’s movement on a daily timeframe chart showed a substantial decline of over 36% on the 6th of February, bringing its price down from over $165 to around $105.

Source: Trading View

Despite attempting a partial recovery the following day, with an almost 23% increase trading at over $129, subsequent declines followed. At the time of this writing, XMR was trading at around $118. 

The pronounced downturn experienced by Monero in recent days can be attributed to an announcement from an exchange.

The exchange revealed plans to delist the asset, leading to a sharp decline in its price to historical lows. The market cap of Monero was around $2.1 billion at the time of this writing.

Frax Share

Frax Share [FXS]  had its fair share of loss for the week, according to CoinMarketCap’s data. AMBCrypto’s analysis revealed a decrease of over 10.6% in the last seven days.

Starting the week in the $10 price range, it saw an increase the next day before facing a decline on the third day.

By the end of the week, its value had fallen to around $9, a range it sustained at the time of this writing. The market cap of Frax Share was around $697 million at the time of this writing.

Jupiter

Jupiter [JUP] marked its second consecutive week in the losers’ corner, securing the position as the third-highest loser for the week, according to data from CoinMarketCap.

AMBCrypto’s analysis of the data showed that JUP started the week at around $0.53, concluding the week with a decline to around $0.50.

At the time of this writing, it was trading at around $0.51, displaying a modest recovery attempt. Jupiter’s market cap stood at about $695 million at the time of this writing.

Conclusion 

Here’s the weekly recap of the biggest gainers and losers. It’s crucial to bear in mind the volatile nature of the market, where prices can shift rapidly.

Thus, it is best to do your own research (DYOR) before making any investment decisions.