Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Monero dominates week 50 with price gains – VeChain struggles with losses
Overview of Market Movements in Calendar Week 50
Calendar week 50 has caused significant movements in the cryptocurrency market. While some projects experienced impressive gains, other investors faced notable setbacks. Monero led the pack with a price increase of 9.89%, while VeChain was among the biggest losers with a decline of 6.83%. These developments highlight the ongoing high volatility in the crypto sector.
The data from calendar week 50 illustrate a divided market picture: while some altcoins demonstrated new strength, established names suffered selling pressure. Bitcoin declined by 0.28%, and Ethereum remained relatively flat with a minimal gain of 0.36%.
Winners and Losers of the Week
The top performers showed interesting patterns:
Upward Movements:
Downward Movements:
A more pronounced decline was seen in Ethereum Classic with -2.81% and Cardano with -2.86%. Notably, the weakness of Layer-1 solutions like Tron and Avalanche suggests investors are increasingly moving to other platforms.
Ethereum (ETH) Reflects Turbulent Times
Ethereum showed relative stability in calendar week 50, but the 7-day perspective reveals a more nuanced picture with a -4.89% decline. Still, focus is on the medium-term outlook: analysts sketch a bullish scenario that could see Ethereum approaching the $10,000 mark by 2026.
Three key factors could support this trajectory:
1. Accelerating DeFi Adoption: The decentralized finance world continues to grow significantly. Ethereum remains the backbone of this development and benefits from every new decentralized application.
2. Maturing Layer-2 Scaling Solutions: Technological improvements like Arbitrum, Optimism, and other rollup solutions address historical scaling issues. This makes Ethereum more attractive to institutional investors.
3. Increasing Institutional Flows: With growing regulatory confidence and established infrastructure, more funds from professional investors are flowing into the Ethereum ecosystem.
VeChain in Focus: What’s Behind the Weakness?
VeChain experienced intense selling pressure in calendar week 50, confirmed by the 7-day statistic of -13.63%. This indicates structural challenges beyond a weekly movement.
Possible reasons for this underperformance include:
Market Analysis and Investor Perspective
Calendar week 50 reveals a market in transition. While defensive positions like Bitcoin and stable Layer-2 tokens saw moderate gains, more speculative projects experienced sharp fluctuations. This signals that investors are increasingly differentiating between low-risk and high-risk investments.
Interestingly, smaller coins like Monero and Tezos showed unexpected strength. This could indicate investors searching for new opportunities, diverting attention from large market caps.
Conclusion for the Week
The movements in calendar week 50 emphasize the persistent uncertainty in the crypto market. Monero demonstrated momentum with a 9.89% increase, while VeChain’s decline of 6.83% warns investors to exercise caution. The Ethereum forecast targeting $10,000 by 2026 could be motivating in the long term but should not distract from short-term volatility.
Investors should continue to critically evaluate their positions and consciously balance between stable Layer-1 solutions, emerging DeFi protocols, and speculative projects. Diversification remains key to navigating this turbulent market phase.