Top cryptocurrencies like Dogecoin (DOGE) and eCash (XEC) showed impressive gains despite a bearish setting last week. Polygon (MATIC), however, underperformed, leading to a $140 billion loss in the global cryptocurrency market cap, dropping to $2.49 trillion as of Sunday, March 24.

DOGE Breaks Multi-Week Downtrend

Dogecoin started the week on a bearish note with a 17.16% drop on March 18 and 19. However, the cryptocurrency quickly recovered, reclaiming the $0.15 price territory and closing March 20 with an 18.06% gain. Despite market corrections, DOGE maintained its uptrend, reaching a weekly high of $0.1597 and breaking above the downward trend line. This surge coincided with Coinbase’s move to extend DOGE futures trading.

MATIC Drops Below $1 Amid 9% Decline

Polygon mirrored the broader market trend, losing $1.1 billion in market cap and breaking below key support levels. Despite reclaiming the $1 price briefly, MATIC dropped below it in the following days, trading at $0.9317. The asset is facing resistance in regaining the $1 threshold amidst bearish trends.

XEC Sees Massive 26% Intraday Gain

eCash followed Bitcoin’s trajectory this week until March 24, when it recorded a 26% intraday gain, marking its second-highest gain of the year. Despite a bearish start to the week, XEC saw an 11.08% gain on March 20 and defended the $0.00005 zone successfully. The cryptocurrency reached a two-week high of $0.00006919 before a mild correction, holding above the $0.00006 threshold with a 15.2% gain this week.

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