Polygon ($MATIC.X) and Uniswap ($UNI.X) were the clear leaders in the cryptocurrency space this week. Both posted +20% gains and broke through stiff resistance levels on their respective charts.
From a fundamentals perspective, Uniswap caught a major momentum drive higher after getting listed on Robinhood’s ($HOOD) platform. And if you read Wednesday’s Litepaper, then you’d know that Polygon is catching some FOMO activity after Disney announced MATIC as the blockchain they are partnering with for their Accelerator Program.
The losers of the week are Cardano ($ADA.X) and Dogecoin ($DOGE.X). Cardano continues to float between the $0.45 and $0.50 value areas. While the Vasil hard-fork is just around the corner, prie action is quite muted and constricted. Cardano is currently down -5% for the week.
Elon Musk’s favorite memecoin, Dogecoin, is down an ugly -8.30% for the week. According to CoinMarketCap’s ranking by market cap, Dogecoin is the worst performing cryptocurrency out of the top 100. Some negative carry over from Musk’s decision to pull out of the Twitter ($TWTR) deal. Musk’s random Tweets involving Dogecoin have triggered massive spikes and crashes. 👍🏻