The crypto market is entirely volatile and dynamic which is why one might lose track of several important price action updates every now and then. Therefore, we have decided to provide a crypto weekly update of the top 10 crypto coins often if not every week. It sums up the price actions at large. In addition, our weekly crypto update would contain prominent developments in the crypto space, if any.
Top 10 Crypto Coins’ Performance Summary
The top 10 crypto coins have been filtered according to the ranking provided by CoinMarketCap, a leading crypto price tracking website, and their market valuation. Some of them are accompanied by 7-day performance charts for better understanding of cryptocurrency prices. Also, this week’s cryptocurrency update will feature digital currencies from different sectors.
The list of top 10 crypto coins would indeed be incomplete without mentioning the first and largest cryptocurrency, Bitcoin (BTC). The crypto behemoth was in the ‘green’ on Saturday, September 10, 2022, and therefore wrapped up the week at a profit. The BTC token was up by 4.04% and traded at $21,508.21. The market capitalization of the crypto stood at $412.10 billion, gaining by 4.31%. Further, the 24-hour trade volume increased considerably by 15.35% and was at $45.71 billion.
The entire week, BTC, the first on the list of top 10 cryptocurrency 2022 (and beyond) was trading between $19,000 and $21,000 and once even extended below $18,000. After a series of crash sessions and a substantial rebound, BTC managed to see a hike of 7.90% in the week. However, the digital currency giant is still not much distant to its week’s opening value of $19,988.79.
Ethereum (ETH) saw a bearish performance at the start of the week and remained stagnant for a while as gains and losses were setting each other off However, this crypto giant was in the ‘green’ on Saturday and thus, finished the week at a profit, but it was lower than that of BTC.
The ETH token was up by 1.25% and traded at $1,731.86. The market capitalization of the crypto stood at $211.91 billion, dipping by 1.33%. However, the 24-hour trade volume lowered significantly by 14.66% and was at $17.78 billion.
In the week it crossed the $1,700 mark on September 9, 2022 after about two weeks. After several price fluctuations during the week, ETH managed to increase by a huge 10.71% in value in the week. In line with BTC, this crypto sector is still not much distant to its week’s opening value of $1,556.90.
Since Tether (USDT) is a stablecoin based on the U.S. Dollar there was almost no change in its value at the end of the week. However, the crypto did gain 0.1% to 0.3% during the crypto crash sessions in the week. As of Saturday, the USDT token’s value remained unchanged and stood at $1.00, up by 0.02%. The market valuation of the crypto was at $67.56 billion, gaining 0.02% value. In addition, the 24-hour trade volume surged by 17.58% and was at $68.35 billion. The weekly gain for USDT crypto stood at 0.03%.
USD Coin (USDC)
USD Coin (USDC), the digital dollar, is also backed by the U.S Dollar but still saw a minor swing when it was time to wrap the week up. On Saturday, the USDC crypto first declined from $1 to $0.9996 and then went all the way back up. At the time of writing, it was priced at $0.9999 representing no change. The market cap of the USDC token was at $51.71 billion, gaining 0.07% value. Moreover, the 24-hour trade volume increased by 10.09% and was at $7.15 billion. However, it reported a loss at the end of the week. The weekly loss for USDC crypto stood at 0.01%.
Binance Coin (BNB)
The native token of the major crypto exchange, Binance, also made it into the list of top 10 crypto coins due to its stable price action and market capitalization. It also saw a hike towards the end of the week just like other major cryptocurrencies. On Saturday, the Binance coin (BNB) saw its price go up by 1.95% and it traded at $295.94. The market valuation of the BNB coin stood at $47.7 billion, hiking by 1.77%. However, the 24-hour trade volume decreased slightly by 1.72% and was at $1.02 billion. The BNB coin gained 11.84% during the week.
Binance USD (BUSD)
Binance USD (BUSD), another stablecoin operated on the U.S. Dollar, was launched by Binance to give competition to other dollar-pegged coins. However, this crypto saw much higher price fluctuations than any other dollar-powered cryptos. The BUSD coin was up by 0.03% and traded at $0.9999, slightly below the $1 mark on Saturday. The market valuation of the BUSD token stood at $20 billion, declining by 0.48%. However, the 24-hour trade volume surged by 34.11% and was at $14.4 billion. The BUSD crypto lost 0.02% during the week, wrapping the week at a loss, which was not in line with most of the cryptos on our list.
The most controversial crypto, XRP, also made it into the list of 10 top crypto coins owing to its popularity and recent price actions. On the closing day of the week, the XRP token followed the bullish trend. The XRP crypto was up by 1.09% and traded at $0.3531. The market capitalization of the coin stood at $17.5 billion, increasing by 1.45%. In addition, the 24-hour trade volume gained considerably by 13.26% and was at $1.39 million. Over the week, it saw an increase of 7.75%.
Cardano (ADA), the Yoroi Wallet hero, saw a green close like that of many others on the list of top 10 crypto coins. The ADA rose by 1.30% and traded at $0.3531 on Saturday. The market valuation of the coin stood at $17.6 billion, gaining by 1.51%. In addition, the 24-hour trade volume was up considerably by 12.89% and was at $1.38 billion. Over the week, ADA increased 9.04% in value, which is one of the most notable ones after the two crypto giants.
Solana (SOL), another major crypto participant, was the one that lost the highest value before wrapping up the week. On Saturday, the SOL token tumbled by 2.47% and traded at $34.47. The market valuation of the crypto stood at $12.14 billion, declining by 2.69%. Further, the 24-hour trade volume decreased considerably by 14.82% and was at $1.02 billion. However, over the week, SOL gained a huge 11.22% in value even after tumbling after the end. This gain was the highest among the top 10 crypto coins.
This position in the list of top 10 cryptocurrency 2022 was held by Dogecoin (DOGE), the King of Meme Coins before Polkadot (DOT), another popular digital currency, pushed it down. On Saturday, it rose slightly by 0.22% and traded at $7.72. The market capitalization of the token stood at $8.6 billion, down by 0.07%. Also, the 24-hour trade volume increased significantly by 12.57% and was at about $474 million. Over the week, DOT saw a hike of 6.74% in value even after not performing exceptionally well in the end. It can be regarded as the best cryptocurrency owing to its achievement of pushing DOGE beyond the top 10 list.
Crypto Weekly Update Wrap Up
The Crypto weekly update for the second week of September is now wrapped up and hopefully will aid you in keeping an eye on the weekly performances of major cryptocurrencies. The top crypto 10 coins mentioned above are currently ruling the crypto market and might continue to do so until any major development strikes. We aim to continue offering such market round-ups by the end of every week (or often) so that you can know of any detail (especially cryptocurrency prices) that you might be missing out on. And yes, do let us know which is the best cryptocurrency from the above list according to you.
- Top 7 Best VPN For China: Tested And Working - 19/10/2023
- 7 Best VPN For Canada: How To Dodge Five-Eye Security - 16/10/2023
- Top 5 Best VPN For UAE & Dubai That Accepts Crypto - 15/10/2023