Bitcoin has plummeted since its rebound this week and is currently trading well below the $44,000 per coin it hit earlier this month.
The price of the largest cryptocurrency by market capitalization is currently at $42,396, down nearly 4% in seven days, according to CoinGecko.
But despite the decline in digital coins, the largest tokens running on blockchains have remained very hot. ORDI, the most valuable token issued using the Bitcoin BRC-20 standard, hit an all-time high on Friday.
Currently, this cryptocurrency is one of the best performing cryptocurrencies this week. It is up more than 50% in the last seven days and is trading at $79.17. This is proof that investors are still interested in the Ordinals craze.
Elsewhere, Bitcoin SV (BSV), which has missed the huge success of the largest and oldest cryptocurrency, has experienced a rebound and is currently trading at $97.80, up more than 90% in seven days.
This makes it the biggest winner of the week.
And Solana (SOL), which experienced a huge bounce throughout November and December, immediately slowed down (but still managed to rise).
The Ethereum rival is no longer the fourth-largest cryptocurrency by market cap after briefly surpassing Binance’s BNB earlier this week.
It is currently trading at $103.04 per coin, up just 5% in 7 days.
As a result, Bonk, a popular meme token running on the blockchain, has also taken a hit, currently down more than 22% in a week and priced at $0.0000144.
Investors were quick to buy up dog-themed tokens, but have now largely lost interest. Its current market capitalization remains below the $1 billion it was two weeks ago, and it has fallen to the 80th largest cryptocurrency asset after ranking 69th in 2019. December 14th
Edited by Ryan Ozawa.
