LION LEO/USDthe native token of the crypto exchange bitfinex, rebounds as the entire crypto market struggles to gain traction. The utility token is up 18% over the past seven days, trading at $4.44 as of 12:00 a.m. EST on Monday.
| cryptocurrency | weekly performance | Price (Monday 12:00 AM EST) |
|---|---|---|
| LION | +18.28% | $4.44 |
| OKB | +15.30% | $20.08 |
| Crowd | +12.45% | $109.03 |
| working | +12.27% | $9.37 |
| ApeCoin | +11.78% | $2.97 |
apex cryptocurrency Bitcoin BTC/USD is up 1% and struggling to hold $16,000 as analysts point to a bear market rally for the crypto market. ether ETH/USD plunged 4.71% in the past seven days. Dogecoins DOGE/USD declined 7% as the global crypto market cap declined 4.23% to $800.68 billion.
Why it matters: LEO price surge comes as rival exchange FTX FTT/USD suffers from liquidity problems. After FTX filed for bankruptcy, many members of the crypto community called for an exchange Post your proof of reserves. Bitfinex was one of the few exchanges to disclose its cold wallet storage to improve transparency.
See more: Best Crypto Apps
OKB OKB/USD, the internal token of the OKX exchange, is second on the list and is up 15.30% over the past seven days. Interestingly, OKX is also among the top crypto exchanges that first announced proof of reserve for their users.
Third on the list is Crowd QNT/USD the recorded a 12.45% peak. The rally can be attributed to the increase in the user base for QNT crypto wallet. Last week, QNT wallet holders reached more than 90,000. This comes at a time when users are fleeing centralized exchanges and taking their cryptos into “self-custody” as exchanges halt withdrawals amid the spreading crypto contagion.
working AR/USD is fourth on the list, gaining 12.27%, and ApeCoin APE/USD was last on the list, up 11.98% over the past seven days.
Continue reading: Bitcoin, Ethereum, Dogecoin tumble: Analyst sees another bearish rally as FTX fallout continues to roil crypto…
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