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Dear Trader:

 

At Xtrade, we believe in the power of knowledge. Only equipped with the most accurate information can you make judicious decisions leading to successful trading.

 

Pay attention to the 5 most rising and falling instruments on Xtrade’s platform that stood out during the past week:

 

Most Rising Instruments

 
    Instrument   Previous Week Change (%) Reason for Change
           
     Dogecoin    23.71% Musk said it could be used to buy Tesla merchandise.
           
     FTX FTT    23.16% The WSJ reports that FTX Trading Ltd. and its founder Sam Bankman-Fried have put $2 billion into a venture-capital fund to invest in crypto start-ups.
           
     AGL Energy    18.95% The price of coal has increased by 23.5% since the start of the year and is now trading at US$209.50 per tonne. According to the Motley Fool, this was the reason behind the company’s advance.
           
     Monero    16.08% According to Bankless times, investors are bargain hunting and attempting to find the next coin that could rise.
           
     Kusama    12.48% Investing Cube analysts say that Kusama jumped as demand for the network and other altcoins rose.
           
 

 
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Most Falling Instruments

 

    Instrument   Previous Week Change (%) Reasons for Change
           
     Virgin Galactic    -19.68% According to The Motley Fool, Virgin Galactic dropped because, short of cash, it decided to raise capital in a way that could dilute shareholders.
           
     Game Stop    -16.80% GameStop shares sank after The Wall Street Journal reported that the video game retailer is launching a new division focused on nonfungible tokens.
           
     Marks $ Spencer    -12.98% The Guardian reports that investors were disappointed about a lack of big profit upgrades and fears over inflation.
           
     Yearn finance    -11.61% Analysts at Beincrypto say that YFI has been falling since reaching an all-time high price of $95,000 on May 12. The Dec 4 low caused a deviation below the support area of the middle range.
           
     Uma    -11.48% UMA coin slid after Crypto asset manager Grayscale Investments has rebalanced its Grayscale DeFi Fund and adjusted weightings of its Digital Large Cap Fund, Cointelegraph reports.
           

 
 

We hope that this data will help you make the right trading choices this week.

The Xtrade team.
Trade The News