CHT, ARPA | Crypto Gainers and Losers | May 27, 2023

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In this article, we will be looking at the top five gainers and losers of the week, providing a brief description of each cryptocurrency and its performance. All data is accurate as of May 26, 2023, on Coingecko.

The Big News: 

  1. Financial Stability Board Preparing ‚ÄėHigh-Level‚Äô Recommendations on Regulation of Crypto
  2. New Ledger Recovery Service Faces Backlash from Crypto Community
  3. SEC Issues Advisory vs Gemini Exchange for Selling Unregistered Securities in the Philippines

Top 5 Crypto Gainers of the Week

CyberHarbor (CHT)

What is it: The native token of CyberHarbor, a multi-chain decentralized monitoring network that detects on-chain threats and anomalies in real time by scanning all transactions and block-by-block state changes.

It scores tokens and establishes a clearer security analysis chart through dimensions such as token transaction information, holder information, and short-term security testing.

  • Current price: $4.55
  • Price change in the past 7 days: +107.4%
  • Market cap: $149,384,403
  • Trading volume: $731,650

Latest News: CyberHarbor Releases Stage 4 of Roadmap

ARPA (ARPA)

What is it: The utility token of ARPA Chain, a privacy-preserving blockchain platform that aims to solve the scalability and security issues of existing blockchains. It uses a unique zero-knowledge proof technology to provide privacy for transactions, while still maintaining security.

  • Current price: $0.108203
  • Price change in the past 7 days: +105.9%
  • Market cap: $105,848,786
  • Trading volume: $210,404,602

Latest News: ARPA Network secures investment from DWF Labs to fuel growth of decentralized computing solutions

Krypton DAO (KRD)

What is it: The native token of Krypton DAO, the world’s first-known decentralized community alliance platform that adopts DAO governance. Krypton is a decentralized exchange‚ÄĒwhich shares a name similar to that of the home planet of a certain “Man of Steel.”

  • Current price: $2.75
  • Price change in the past 7 days: +56.9%
  • Market cap: $280,417,723
  • Trading volume: $51,630

Latest News: Decentralized Exchange Krypton Raises $7M From Framework Ventures, Samsung Next  

SafeMoon (SFM)

What is it: A currency that is known for being resistant to manipulation. SafeMoon is designed to reward long-term holders and charges sellers a 10% fee, with part of that fee going back to existing holders.

  • Current price: $0.00023358
  • Price change in the past 7 days: +53.0%
  • Market cap: $130,597,852
  • Trading volume: $832,175

Latest News: Safemoon hacker returns over $7M from stolen funds

Akash Network (AKT)

What is it: The utility token of Akash Network, a decentralized cloud computing marketplace targeted toward decentralized application (dApp) developers in the decentralized finance (DeFi) space, as well as other high-computing, high-growth fields like machine learning. It uses a “reverse auction” system, where customers submit their desired price and providers compete for the business.

  • Current price: $0.448320
  • Price change in the past 7 days: +46.5%
  • Market cap: $95,985,959
  • Trading volume: $2,683,197

Latest News: Akash discord has been compromised

Top 5 Crypto Losers of the Week

ORDI (ORDI)

What is it:  A cryptocurrency that runs on the Bitcoin protocol and presents information such as text and images as NFTs and tokens. It is the first cryptocurrency developed in the BRC-20 format on the Bitcoin network.

  • Current price: $8.13
  • Price change in the past 7 days: -31.6%
  • Market cap: $172,213,911
  • Trading volume: $38,057,481

Latest News: ORDI Price Surges to $15 After OKX Announced ORDI Listing  By CoinEdition 

LUKSO (LYXE)

What is it: The native token of LUKSO blockchain, a neutral base layer, and open technological playground for innovation It provides creators and users with future-proof tools and standards to unleash their creative force in an open interoperable ecosystem.

  • Current price: $10.83
  • Price change in the past 7 Days: -15.6%
  • Market cap: $167,054,098
  • Trading volume: $965,274

Latest News: Inventor of Ethereum‚Äôs ERC-20 Token Standard Plans New Blockchain ‚ÄėLUKSO‚Äô for Creative Types¬†

PancakeSwap (CAKE)

What is it: The native utility token of PancakseSwap, a decentralized exchange (DEX) built on an automated market marker (AMM) and run on the BNB chain . It allows users to trade tokens while also offering opportunities to profit from liquidity pools and staking.

  • Current price: $1.55
  • Price change in the past 7 Days: -15.4%
  • Market cap: $314,810,440
  • Trading volume: $46,531,231

Latest News: PancakeSwap v3 Now Live on BNB Chain, Ethereum 

GMX (GMX)

What is it: The governance token of GMX, a decentralized, permissionless perpetual swap and spot exchange. Traders can use it to easily trade cryptocurrency on-chain just by connecting their wallets.

  • Current price: $54.32
  • Price change in the past 7 Days: -12.7%
  • Market cap: $471,992,102
  • Trading volume: $14,175,637

Latest News: Crypto Exchange GMX Proposes Deployment on Coinbase’s Base Blockchain¬†

GalleryCoin (GLR)

What is it: A token-based cryptocurrency designed to be used in various fields of service related to the art investment platform Canvas N. 

  • Current price: $0.422120
  • Price change in the past 7 Days: -12.2%
  • Market cap: $101,289,627
  • Trading volume: $147,778

Latest News: LBank Exchange Will List GalleryCoin (GLR) on March 9, 2023 (yahoo.com)

This article is published on BitPinas: CHT, ARPA | Crypto Gainers and Losers | May 27, 2023

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.

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