Two weeks after the war in Ukraine began, cryptocurrency markets continue to fluctuate. The price of bitcoin (BTC) moves up and down unusually widely, often in sync with shifts in global risk sentiment. As usual, however, the biggest movers are Altcoins, which have seen both strong gains and big losses since the war broke out.
Following our overview of the biggest price changers in the cryptocurrency market during the first week of the war, here are the top three best and worst performers in the cryptocurrency market during the second week of the war.
From the opening price on February 24 (UTC) to the time of writing on Friday March 11 (13:20 UTC), all token price changes are measured against the US Dollar (USD) or Tether/USDT.
The 3 best performing tokens in week 2 of the war were:
Waves (Waves) : Up 45.2 per cent on the week to $26.61
Stacks (STX) : Up 18.6% to $1.42 this week
Zcash (ZEC) : up 18.5% on the week to $151.78
The top 3 worst performing tokens in the second week of the war were:
Fantom (FTM) : Down 33.1% on the week to $1.24
Frax Share (FXS) : Down 31.8% on the week to $16.60
Humans.ai (HEART) : Down 26.1% on the week at $0.0815
As you can see, this is another batch of coins that have been mixed in performance and their prices are constantly moving, and WAVES 'earnings, dubbed by some as the "Ethereum of Russia", have been particularly strong. This is WAVES being named the best performing token in the second week after gaining 85.1% in the first week of the war.
The token's strong performance came after the team behind its protocol unveiled a new roadmap, including plans to expand its physical presence into the US and compatibility with EVM/ Ethereum Virtual Machine.
Meanwhile, on 7 March, Andre Cronje, a developer on DeFi/ decentralized Finance and founder of Year.Finance (YFI), announced that he was leaving DeFi -- after which, FTM (the original token of the Fantom blockchain on which many of Cronje's token protocols are based) and several other coins he developed were also discarded.