Last week, the Bitcoin and Altcoin market suffered a significant loss of value due to various negative developments. However, despite this fall trend, some tokens attracted the attention of investors by showing a strong rise.
Winners: Hype, Dexe and Om
The most winning crypto currency of the week was Hype’s local tokens of the decentralized stock market Hyperliquid. In the last seven days, Hype gained 7.5 %value and was the most rising asset of the week. The annual return rate of the token reached a remarkable level of 586 %. Hyperliquid operates as a decentralized trade platform using its Layer-1 blockchain.
Hype was followed by Dexe Token. Ethereum -based Dexe increased by 7.41 %on a weekly basis and offered a solid return to investors. Dexe, which has made an impressive rise of 625 %for 2024, is used as the Dexe Protocol’s governance tokens and allows decentralized autonomous organizations (DAO) to be created.
The third place took part in the OM token. The OM, which belongs to the Layer-1 Blockchaini Mantra, gained 6.28 %in the last 24 hours, and became one of the most powerful performance-performance crypto currencies of the week. Token, which reached $ 5.87, which is the highest level of all time last week, has gained 29 %of the year since the New Year.
Loser: Bitcoin, Ethereum, XRP and Breast Coins
Looking at the general picture of the market, most large crypto currencies experienced harsh losses. Bitcoin (BTC) lost 7.11 %on a weekly basis and Ethereum (ETH) lost 20.56 %and disappointed investors. In addition, the XRP suffered significant decreases by losing 26.56 %on a weekly basis and 15.25 %of Solana (left). Popular breast coins such as Dogecoin (Doge) and Shiba Inu (Shıb) were also faced with major losses. Dogge focused 28.93 %and Shıb depreciated by 19.65 %and adversely affected investors.
Macroeconomic Developments and Effects on the Market
Last week, there were two important events that shook global markets. The first was that China’s artificial intelligence model Deepseek threatened the dominance of US -based technology giants. The second important development was US President Donald Trump’s plans to bring new customs tariffs by entering the trade dispute with Canada and Mexico.
With the effect of these developments, the total crypto money market value decreased by 11.66 %on a weekly basis and fell to 3.03 trillion dollars. For the recovery of the market, how to shape macroeconomic factors and investor sensitivity will be critical in the coming days.
