Despite a bearish start last week, some of the top cryptocurrencies such as Dogecoin and eCash saw significant gains, while Polygon underperformed. The global cryptocurrency market cap lost $140 billion, falling to $2.49 trillion by Sunday, March 24.
Dogecoin began the week with a downward trend, experiencing a 17.16% drop on March 18 and 19, falling from $0.15 to $0.1252. However, the cryptocurrency quickly turned things around and regained its footing, closing March 20 with an 18.06% gain. Despite market corrections in the following days, Dogecoin continued its upward momentum, reaching a weekly high of $0.1597 and breaking above a key resistance line.
Similarly, Polygon struggled to stay above $1, losing $1.1 billion in market cap as it fell below crucial support levels. The cryptocurrency started the week on a negative note, with two consecutive days of losses on March 18 and 19. Despite a brief recovery on March 20, Polygon failed to sustain its gains and dropped below $1 again, facing resistance from bearish trends.
On the other hand, eCash followed Bitcoin’s lead for most of the week but saw a significant turnaround on March 24. After a bearish start to the week, eCash experienced an 11.08% gain on March 20 and consolidated around the $0.00005 mark. The cryptocurrency then surged by 26.32% on March 23, reaching a two-week high of $0.00006919 before a slight correction.
Despite a minor drop, eCash has maintained most of its gains, trading above $0.00006 with a 15.2% gain for the week. Overall, these top cryptocurrencies have shown resilience and the ability to bounce back from market fluctuations, with each facing its own unique challenges and opportunities.