Best and Worst Cryptocurrencies of the Week: Terra, Raven, and Decred

Investing.com – Cryptocurrencies have had a volatile week with significant price swings for many assets, most notably. The latter recovered above $20,000 after falling towards $18,500.

However, opinions are still divided on what will happen. Many analysts assert that there is a possibility of a new fall. The cryptocurrency market remains under pressure as long as central banks continue to tighten interest rates.

There are other factors also affecting the price, which is the second largest cryptocurrency by capitalization, and continues to see improvements as the consolidation approaches. This event could give a new impetus to the cryptocurrency and allow it to gain a greater market share in it.

In terms of regulation, governments continue to strive to establish a solid market framework. In this sense, the IMF has called on governments to cooperate in developing global regulations.

The cryptocurrencies that benefited the most from this week’s conditions are:

• Classic, currently at $0.0005173, is up 123.36% in the past 7 days and 445.79% in the month, ranking 26th with a capitalization of $3.1 billion.
• currently at $0.04425, up 54.25% in the past seven days and 23.17% on a monthly basis and ranked 80th with a market capitalization of $0.4 billion.
• currently at $0.04104, up 24.57% in the past seven days and 43.05% month-on-month, and ranks 92nd with a capitalization of $0.4 billion.
• is currently at $38.51, up 17.61% in the past seven days and 4.96% month over month and is ranked 17th with a capitalization of $5.3 billion.
• currently at $7.98, up 15.02% in the past seven days and down 5.14% from the month and ranked 23rd with a market capitalization of $3.9 billion.

However, the market recorded not only gains, but also losses:

• currently at $0.9172, is down 15.49% in the past seven days and up 6.45% over the month and is ranked 75th with a capitalization of $500 million.
• It is currently at $0.1969, down 11.05% in the past seven days and up 38.26% over the month and is ranked 46th with a market capitalization of $1.1 billion.
• It, currently at $4.98, is down 8.00% in the past seven days and up 5.06% for the month and is ranked 20th with a market cap of $4.7 billion.
• The network, which currently stands at $0.655, is down 7.96% in the past seven days and 18.12% month over month and is ranked 94th with a market capitalization of $0.3 billion.
• currently at $30.17, is down 5.83% in the past seven days and 14.42% month over month and is ranked 85th with a market capitalization of $400 million.