- Peanut the Squirrel, Mantra, and Bonk had the largest gains last week.
- Helium, Lido DAO, and Artificial Super Intelligence Alliance saw the biggest losses last week.
In the previous week, the crypto market mostly went up with very few losers. This week, there are more losers, but Peanut the Squirrel [PNUT] gained over 1,000%.
However, Helium [HNT] was one of the losers, dropping almost the same as the second-biggest loser.
Top Winners
Peanut the Squirrel [PNUT]
PNUT started strong and reached over $2.00, but closed the week at around $1.59 after a slight dip. Despite this, it led the weekly gainers with a 1,400% increase.
PNUT’s market cap decreased by 12% to approximately $1.62 billion, with trading volume at $1.4 billion after a 50% drop in the last 24 hours.
The volatility of new entries was evident in PNUT’s price movements.
Mantra [OM]
OM surged past $2.50 from $1.50, marking a 133% weekly gain.
OM is now trading at $3.32 with a 29.35% increase in the past 24 hours.
Its market cap rose by almost 47% to over $2.8 billion, with trading volume at $575 million.
The strong momentum of OM indicated continued investor interest.
Bonk [BONK]
BONK increased from $0.00002544 to near $0.00004743 by the end of the week, making it the third-largest gainer with a 123% increase.
Current trading price for BONK is $0.00005139, up almost 8%. The RSI remains in overbought territory at 85.4.
BONK’s market cap rose by 28% to approximately $3.4 billion, with trading volume increasing by 43% to $2.4 billion, showing strong market interest.
Top 1,000 Gainers
First Convicted Racoon [FRED] led the top gainers with a 3,120% increase, followed by Act I The AI Prophecy [ACT] and Dasha [VVAIFU] with 2,771% and 2,623% gains, respectively.
Top Losers
Helium [HNT]
HNT started at $6.66 but closed at $6.13, indicating a 13% decline and making it the biggest loser of the week.
The market capitalization of HNT was around $1 billion, with a trading volume of $15 million. The RSI was at 47, showing neutral momentum.
HNT needs to regain the $6.57 resistance level to recover.
Artificial Super Intelligence Alliance [FET]
FET began the week at $1.44, reached $1.58, and closed at $1.30, recording a 12.6% decline and securing its position as the second-biggest loser.
The decline in FET was amid market fluctuations, highlighting the challenges faced by the token.
Lido DAO [LDO]
LDO saw a 12.5% weekly decline, starting at $1.28 and ending at $1.21. Current price is $1.10 with heightened trading activity despite the declining price.
LDO’s market cap dropped slightly to approximately $1 billion, with trading volume increasing by 26% to $176 million.
Top 1,000 Losers
Acet [ACT] suffered the most significant loss among the top 1,000 tokens with a 54% decline, followed by Wexo [WEXO] with a 53% drop and PAAL AI [PAAL] with a 52% decrease.
Conclusion
This weekly recap highlights the biggest gainers and losers in the crypto market. Remember, market prices can change rapidly, so conducting your research before investing is crucial.
Vocabulary List:
- Volatility /ˌvɒl.əˈtɪl.ə.ti/ (noun): The tendency of something to change rapidly and unpredictably.
- Capitalization /ˌkæp.ɪ.təl.ɪˈzeɪ.ʃən/ (noun): The total value of a company’s outstanding shares of stock.
- Momentum /məˈmɛntəm/ (noun): The force that keeps an object moving or the strength of a trend.
- Decline /dɪˈklaɪn/ (verb): To decrease in quantity quality or importance.
- Surged /sÉœrdÊ’d/ (verb): To increase suddenly and significantly.
- Resistance /rɪˈzɪs.təns/ (noun): The ability not to be affected by something especially adversely.
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