Top 10 Cryptocurrencies: Weekly Gains and Losses Revealed

• Shiba Inu leads with a 14% return, outperforming other top cryptocurrencies.
• Bitcoin rose by 5%, maintaining its place as the largest digital asset.
• Toncoin and XRP saw slight declines, marking a tough week for both assets.

In its analysis dated September 26, 2024, Grayscale provides a clear view of the top 10 cryptocurrencies based on their one-week performance. This breakdown demonstrates how each stock has performed and what it means for investors looking to track the fast-changing crypto economy.

Shiba Inu Leads the profits

This tops the list with a 14% return in the past seven days. Its market capitalization of $4 billion shows its growing presence among meme coins. The essential gain reinforces Shiba Inu’s rising popularity in the digital currency space.

Cardano and Dogecoin Ascend

ADA follows closely with a 12% gain. The currency continues to grow in decentralized finance and smart contract use, maintaining a market cap of $8 billion. 

Meanwhile, DOGE saw a 9% increase. Known for its meme status and social media influence, Dogecoin holds a stable $8 billion market cap, showing its consistent rise among investors.

Solana and Binance Coin Show Positive Movement

SOL posted a 8% gain this week, driven by its increasing use in decentralized applications and NFTs. Solana’s market cap stands at $9B, placing it among the top performers.

 BNB recorded a 6% rise, maintaining its position as a critical player in the cryptocurrency market. With a $34B market cap, Binance Coin continues to influence the crypto space as the native token for Binance.

Bitcoin and Ethereum Maintains Balance

BTC rose by 5% this within seven days, holding its spot as the largest cryptocurrency. With a market cap of $505 billion, the coin’s stable rise keeps it a dominant force in the market.

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Ethereum , the second-largest cryptocurrency, gained 4%. The coin’s role in decentralized applications supports its $202 billion market cap.

Tron Sees Moderate Growth

Tron (TRX) posted a  3% increase this week. Known for its high-speed transactions, Tron holds a market cap of  $8 billion, securing its place in the blockchain sector.

Toncoin and XRP Decline

Not all assets saw gains as. TON faced a 4%  drop in value but still holds a six billion market cap. Similarly, XRP saw a -3% return, though its market cap remains strong at $34 billion.  

Grayscale’s report highlights both gains and losses, providing key insights into this week’s crypto market shifts.