Maker cryptocurrency (MKR) became the most profitable in a week

Over the past seven days, only two crypto assets from the top 100 managed to rise by 19% or more. Maker (MKR) and Synthetix (SNX) became the leaders of the week. In general, the crypto market lost 4.5% of its capitalization over a fixed period of time.

The MKR cryptocurrency added 20.36% in value. On average, the asset is traded for $ 929.3, and the total supply of coins circulating on the market amounted to $ 908.46 million. During the week, traders made deals worth more than $ 872 million.

The SNX virtual coin grew by 19.73% in seven days. The digital currency is available for purchase for $ 3.15, and its market capitalization was fixed at $ 798.08 million. Traders made deals with the virtual token worth $ 761.4 million.

As for the flagship cryptocurrency BTC $56,208.72 Bitcoin -1.69% Market capitalization $1.11 trillion VOL. 24 hours $2.81 billion , bitcoin fell by 4.2% over the week. At the time of writing, bitcoin is trading at $ 22,366, with a market capitalization of $ 431.9 billion and daily trading volume of $ 3.46 billion.

As a reminder, BitMEX co-founder Arthur Hayes recently published an essay in which he described «realistic potential situations» that could lead to a sharp rise in oil prices and, as a result, to a lightning-fast rise in the BTC rate. Instead, crypto expert Michael van de Poppe predicted that bitcoin would fall to $ 19,700. The trader’s current forecasts are much more positive than in 2022 — at the end of November, Michael van de Poppe predicted that the BTC rate would fall to $ 10,000.

OnMarch 6, the leading altcoin ETH $2,985.41 Ethereum -0.26% Market capitalization $358.86 billion VOL. 24 hours $1.53 billion was trading at $ 1,563. Ethereum’s market capitalization is $ 188.3 billion, and traders have made daily trading deals worth $ 430.3 million.