- Nervos Network, Popcat and Bittsensor made the biggest gains last week.
- Helium, Starknet and SATS were the biggest losers last week.
Following an interesting trend, Popcat ended up as one of the biggest crypto winners, while Helium fell into the losers category. The past week has been interesting as other crypto assets reacted positively to Bitcoin crossing the psychological barrier.
Biggest winners
Nervos network [CKB]
Nervos network [CKB] emerged as the biggest winner of the week, up more than 97%, according to CoinMarketCap facts. CKB had a cautious start to the week, trading around $0.008, but momentum picked up on September 13 when the price rose to around $0.013.
By the end of the week, the price was trading around $0.014.
At the time of writing, CKB has continued its upward trend to around $0.017, and its market cap has increased by 19% to around $754 million.
The token’s volume was around $330 million, but has since fallen more than 60% in the last 24 hours. The decline reflects a temporary slowdown in trading activity following the significant price increase.
Popkat [POPCAT]
Popkat [POPCAT] analysis of the daily price chart revealed a stronger start to the week than Nervos Network.
The chart indicated that POPCAT was up over 9% at the start of the week, trading around $0.53. It continued with consecutive uptrends, reaching around $0.6 on the third day.
Notably, it crossed its short-term moving average (yellow line), which had acted as resistance, and this line has now inverted and serves as support around the $0.6 price range.
Source: TradingView
By the end of the week, POPCAT was trading at around $0.72, despite a slight decline of more than 1%.
According to CoinMarketCap, POPCAT posted the second biggest gain of the week, rising more than 42%. Its market capitalization at the time of writing was approximately $728 million.
However, similar to CKB, POPCAT’s trading volume has declined, with volume at approximately $65 million, representing a drop of over 40%.
Bit sensor [TAO]
Bit sensor [TAO] was the only asset among the top gainers with a market capitalization above $1 billion.
Data from CoinMarketCap revealed that TAO has gained almost 40% in the past week. Analysis of the price trend showed that it started the week at around $240 and ended at around $322. At the time of writing, the price has risen further to $326.
TAO’s market cap stands at $2.4 billion, reflecting a 3% increase in the past 24 hours. However, trading volume has declined by over 20%, with a current volume of approximately $64 million.
Biggest losers
Helium [HNT]
After being one of the top winners last week, Helium [HNT] has now dropped to top the list of biggest losers.
Data from CoinMarketCap showed that HNT has suffered a decline of more than 10% over the past week. A detailed analysis of the price on the daily chart indicated a clear downward trend during the week.
HNT started the week trading around $8.1, but had fallen to around $7.2 by the end of the week.
Source: TradingView
Further analysis showed that HNT saw a decline of over 6% at the end of the week, contributing to the overall losses. Despite the decline, the short moving average (yellow line) provided strong support ranging from $6.7 to $6.4.
Moreover, HNT has fallen slightly below the neutral line of the Relative Strength Index (RSI), indicating a shift to a bearish trend.
At the time of writing, HNT’s market cap is approximately $1.1 billion, reflecting a decline of almost 6%. However, trading volume increased by more than 30% to approximately $21.2 million.
Starknet [STRK]
Starknet [STRK] started the week trading at around $0.43. Still, by the end of the week the price had fallen to around $0.40, marking a significant drop.
According to CoinMarketCap, STRK was the second biggest loser of the week, down more than 7.6%.
In addition to the price drop, STRK’s trading volume has fallen by more than 30% in the past 24 hours, bringing its volume to approximately $40.6 million.
Despite these declines, Starknet’s market cap remains around $717 million at the time of writing.
SATS [1000SATS]
SATS (1000SATS) ranked as the third biggest loser over the past week, according to data from CoinMarketCap. The token started trading at around $0.00033 during the week but experienced a rapid decline, reaching a low of $0.00029.
Although the price attempted a brief recovery and came close to the price range at the beginning of the week, the price ultimately closed the week at around $0.00030.
By the end of the week, SATS had fallen by more than 6%. The market cap was approximately $650.8 million and the volume was approximately $56.4 million.
Both metrics showed a decline in the past 24 hours, with market capitalization falling by over 4% and trading volume down 37%.
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.