• Bitget Token, XDC Network, and XRP emerged as this week’s biggest gainers
• AI16Z, ThorChain, and Virtuals Protocol had the biggest losses over the past week

The cryptocurrency market delivered another action-packed week of trading, with several tokens staging impressive rallies while others faced significant selling pressure. As institutional interest continues to drive market dynamics, let’s dive into the most notable price movements that shaped this week’s trading landscape.

Biggest winners

Bitget Token (BGB)

BGB emerged as this week’s standout performer, soaring past expectations with a remarkable surge from $6.011 to $7.137. The token’s journey has been particularly eye-catching since November’s breakthrough, consistently setting higher lows while smashing through previous resistance points. 

December saw a dramatic uptick in trading activity, with volume surging alongside the price – A clear sign of growing market confidence. Trading well above its moving averages at $7.225, BGB maintained strong bullish momentum, reflected in its 20% weekly gains. The chart revealed a textbook golden cross pattern, traditionally a reliable indicator of sustained upward movement.

While the steep price climb might raise eyebrows, the steady volume growth alluded to genuine market interest rather than speculative frenzy. 

However, traders should keep a close eye on potential consolidation phases, which often follow such dramatic runs. The token’s performance stands out even more considering the broader market conditions, marking it as one of the most resilient assets in the prevailing trading landscape.

XDC Network

XDC’s impressive rally continues to turn heads, securing its position as this week’s second-best performer with solid 12% gains. The token pushed through the crucial $0.10-mark, climbing from $0.0968 to $0.101 – Showcasing remarkable strength in a typically volatile market. 

Trading volume remains healthy at 820.55K XDC, suggesting su

Go to Source to See Full Article
Author: Adewale Olarinde