- Mog Coin, Akash Network and Kaspa were the biggest winners last week.
- Pendle, Ethena and Worldcoin suffered the biggest losses last week.
Shuttle [PENDLE] couldn’t replicate his previous performance this past week and found himself at the opposite end of the ranking spectrum.
Instead, the title of the week’s biggest winner went to a cryptocurrency that almost fell outside the top 100 rankings.
This shift highlighted the volatility and rapid changes in fortunes that can occur within the cryptocurrency market.
Biggest winners
Mog coin [MOG]
Mog coin [MOG] emerged as the top winner of the week, according to data from CoinMarketCap. Over the past seven days, this significant uptrend has catapulted the country into the top 100 cryptocurrencies by market capitalization.
Specifically, MOG saw a remarkable increase of 48.84% during this period.
Starting the week of June 23 at around $0.0000009, MOG initially showed a downward trend.
However, it quickly reversed this trajectory and posted significant gains for the rest of the week, closing at around $0.000001.
This positive move was also reflected in its market capitalization, which rose to over $650 million, securing its position among the top 100 cryptocurrencies.
Despite a recent market cap drop of over 4% in the past 24 hours, MOG’s market cap remained at over $648 million.
Akash Network [AKT]
Akash Network [AKT] (AKT) emerged as the second highest gainer of the week, with a notable increase of 20.96%, according to data from CoinMarketCap.
Despite these impressive weekly gains, AKT started the week on a down note.
The price chart showed that it started the week trading around $3, but experienced a drop to around $2.7 the next day.
Nevertheless, the price recovered strongly as the week progressed and closed at over $3.5 at the end of the week.
Akash Network’s market capitalization stood at over $872 million, although it saw a slight decline in the last 24 hours.
Furthermore, AKT’s trading volume fell by over 29% during the same period, amounting to approximately $41.5 million.
Kaspa [KAS]
Kaspa [KAS] the token, and not the ghost, saw a slight decline at the start of the week. The price fell 0.6% and was trading around $0.15 on June 23.
However, the token soon reversed its trajectory and began to rise, marking a consecutive increase throughout the week.
At the end of the week, KAS was trading at around $0.19, culminating in an overall weekly gain of over 7%, making KAS the third biggest gainer of the week.
Dates of CoinMarketCap indicated a remarkable overall increase of 20.16% for Kaspa. Further technical analysis of the price trend suggested that Kaspa was currently in a strong bull market.
The Relative Strength Index (RSI) supported this analysis, indicating that the token was approaching the overbought zone, reflecting high buying pressure.
Source: TradingView
Kaspa’s market capitalization has also seen substantial growth, exceeding $4.5 billion, with an increase of more than 6% in the last 24 hours alone.
Notably, it is the only asset among the week’s biggest gainers with a market capitalization of over $1 billion. Trading volume for Kaspa increased by more than 50% in the last 24 hours, reaching over $132 million.
Biggest losers
Shuttle [PENDLE]
PENDLE had a rough week, emerging as the biggest loser of the week, per CoinMarketCapwith a significant drop of 19.80% in the past week.
The price trend for Pendle started at a high on June 23, opening at over $6.
However, the price fell quickly and closed the day at around $5.6. This downward trend continued throughout the week, with the price falling further to around $4.9 by the end of the week.
Pendle’s market capitalization was over $769 million, although it has seen a decline of over 2% in the past 24 hours.
Trading volume for Pendle was almost $43 million, which also dropped significantly by more than 40% in the last 24 hours.
Ethena [ENA]
Ethena [ENA] had a challenging week, marked by a steady decline in value. The token started the week with a decline, closing the first day at around $0.56.
Despite efforts to stabilize, the decline continued throughout the week, culminating in a closing price of around $0.49.
According to data from CoinMarketCapEthena’s value fell 18.48% last week, making the company the second biggest loser on the market.
At the time of writing, Ethena’s market cap was over $766 million, reflecting a decline of more than 2% in the past 24 hours.
Trading volume has also fallen significantly, falling by more than 20% to approximately $49.5 million over the same period.
World currency [WLD]
Word coin [WLD] has been on a downward trajectory in recent weeks, with recent developments amplifying this decline.
AMBCrypto’s analysis of the daily timeframe chart showed that it started the week down over 4%, trading around $2.8.
However, this level marked the high of the week as the price faced further significant declines. By the end of the week, Worldcoin was trading at around $2.5, marking another decline of more than 4%.
Source: TradingView
According to data from CoinMarketCap, Wordcoin experienced a weekly decline of 16.86%, making the company the third-biggest loser in the market.
The Relative Strength Index (RSI) was below 30 at the time of writing. It indicated that WLD was not only in a strong bear trend, but also in an oversold state.
This could indicate a potential for a price rebound if buyers view the price as undervalued and decide to act.
The market capitalization was around $660 million, after falling more than 5% in the past 24 hours. Moreover, trading volume has also decreased, by more than 11% to more than $126 million in the same period.
Conclusion
Here’s the weekly recap of the biggest winners and losers. It is crucial to take into account the volatile nature of the market, where prices can change quickly.
So it’s best to do your own research (DYOR) before making any investment decisions.
