Last edited: Jan 17, 2022

After struggles in the first two weeks of the new year, the cryptocurrency market finally broke off the decline and bounced back this week. Signs are pointing towards a partial recovery, if not a complete one, over a longer time span. Although BTC and ETH were not up much this week (2.51% and 5.44% respectively), various altcoins went on a tremendous upswing this week, with one particular coin gaining nearly 20% over the past 7 days. Let’s take a look at the biggest winners over the past week.

ADA: $1.41 (+19.59% over the past 7 days)

After dropping to its 5-month low on January 11, at the price of $1.111, ADA made a massive comeback, gaining nearly 30% from its lowest point in the past 6 days. Since 2022, ADA is actually slightly up, around 6% on the year so far. It is unclear how ADA would move in the near future; however, it seems like ADA has strong price support. Whether ADA will be able to break its price barrier, which is around $1.6 now, remains to be seen.

LUNA: $86.74 (+18.8% over the past 7 days)

Since LUNA’s debut on BTCC.com on 9 A.M., January 12, 2022, LUNA has been up close to 19% over the duration of the week. LUNA is one of the hottest cryptocurrencies in the market right now, and investors should consider adding LUNA contracts as a part of their portfolio to take advantage of its strong price performances recently. It will be interesting to monitor LUNA’s progress in the next few weeks; however, with the overwhelming majority of LUNA’s recent news being quite positive and bullish, it will not be shocking if LUNA can sustain this hot run so far.

DOGE: $0.1773 (+16.76% over the past 7 days)

Unsurprisingly, whenever Elon Musk tweets about DOGE, it skyrockets, and this week was no exception. Musk tweeted “Tesla merch buyable with Dogecoin” on Jan 14, which sent Dogecoin surging by 14% on the day. Musk sent a similar tweet in mid-December last year, and that tweet sent DOGE flying, too, as it went up by near 20% on the day. DOGE is by far the most speculative coin available for trading on BTCC.com, and thus it is extremely hard to predict how it will move price-wise in the short-term. DOGE investors would hope that Elon Musk would continue tweeting about DOGE, as any positive tweet related to DOGE from Musk increases its price by at least 10%.

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