This Crypto Spiked 78% Last Week Even As Bitcoin, Ethereum, Dogecoin Took Hammering Over FTX Collapse

Just a day after Binance CEO Changpeng "CZ" Zhao called on cryptocurrency users to take “personal control” of their digital assets using Trust Wallet, the app's native token, TWT TWT/USD hit a record high.

Apex cryptocurrency Bitcoin BTC/USD plunged 23.69%, failing to regain the $20,000 mark, while Ethereum ETH/USD declined by 25.52% to $1,180 and Dogecoin DOGE/USD lost 30%, in the past seven days, as seen in the early hours of Monday.

See Also: Best cryptocurrencies to hedge against inflation?

TWT, however, soared 78% over the same period, racing to a record $2.11, according to CoinMarketCap.

Coming in second was PAX Gold PAXG/USD, a gold-backed cryptocurrency that spiked by 4.17%, trading at $1,733. PAXG became one of the most used smart contracts among the top 100 ETH whales on Nov.11.

GMX GMX/USD, a decentralized crypto exchange’s native token, increased by 1.15%, making it number three on the list. Toncoin TON/USD was number four on the list up $0.58%, trading at $1.60 over the last week. And that sums up the top gainers of the week.

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Posted In: CryptocurrencyNewsMarketsMoversTrading IdeasBinanceChangpeng ZhaoFTXTrust WalletTrust Wallet Token
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