Last week was marked by an uptrend in the general crypto market, as the values of several assets increased by double digits.
CORE’s value was up 35% in the past 24 hours, extending its weekly gains. During that period, its trading volume had gone up by 139%. The tokenOn the 30th of March, the meme coin traded briefly above $4.5 to exchange hands at an all-time high. The high trading volume in the past week led to a significant surge in WIF’s market capitalization.
This indicator estimates the relationship between the strength of buyers and sellers in the market. When its value is positive and the bars are green, it is a bullish signal, depicting an uptick in buying activity. On the 27th of March, the altcoin’s price rallied to an all-time high of $1.38, pushing its market capitalization above $4 billion.
The decline in the token’s value was due to the allegations levied against the exchange’s founders by the Department of Justice , accusing them of breaching the Bank Secrecy Act and anti-money laundering regulations. This created a bearish divergence, which hinted at a possible drawback in the token’s value in the short term., the native utility token that powers the entire Fantom blockchain ecosystem, ranked as the asset with the second-highest losses over the past week.
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Source: CryptoAmb - 🏆 22. / 68 Read more »