- Safe, Raydium and cats in a dog’s world were the biggest winners of the past week.
- Immutable
At the end of last week, Safe emerged as the biggest crypto gainer, with an increase of almost 50%. However, ApeCoin lost its mojo and fell from the winners’ side to the losers’ side at the end of last week.
Biggest winners
Safe [SAFE]
Analysis of Safe’s daily timetable [SAFE] showed that the week started with a normal trend. However, subsequent trends in the week showed price volatility, which defined the week.
The price at the beginning of the week was around $0.95, after rising more than 1%. However, the next day it saw a price spike of more than 15%, but these spikes were followed by large declines.
Analysis showed that the price trend that defined the week occurred on Thursday and Friday. On Thursday, the stock rose 42.13%, bringing the price to around $1.34. The next day it saw another spike of 10.45%, bringing the price to around $1.48.
Source: TradingView
However, it ended the week down over 1%, but the price only fell to around $1.46. Furthermore, the Relative Strength Index showed that the price was oversold, meaning a correction could occur soon.
According to data from CoinMarketCapit had a gain of 49%, making it the biggest winner of the week. It had the lowest market cap among the biggest gainers, at about $658 million.
Raydium [RAY]
The second biggest gainer was Raydium [RAY]. Analysis showed that the price was around $2.2 at the beginning of this week. However, by the end of the week the price had risen by almost 3%.
The price trend has risen more than 44% in the past week, according to data from CoinMarketCap.
Additionally, RAY had the second-largest market cap among the biggest gainers, with more than $843 million. Furthermore, at the time of writing, the price has risen to around $3.2, and the market cap has increased by over 8%.
Volume was the only one down more than 1% at the time of writing; it was over $110 million.
Cats in a dog’s world [MEW]
Cats in a dogs world and Popcat battled it out for the third biggest winners position, but MEW came out on top. The data showed that MEW had a gain of more than 17% over the past week. Popcat could only manage more than 15%. This also made it its second week as top winner.
Analysis of the chart showed that the week started slowly, with the price around $0.008. The main uptrend occurred towards the end of the week, when the price spiked to around $0.011.
At the end of the week the price was around $0.010. Its market cap was approximately $887 million, and volume is approximately $167 million at the time of writing. However, volume was down more than 40% in the past 24 hours.
Top 500 winners
Among the top 500 assets, Virtual Protocol [VIRTUAL]Moo Deng [MOODENG]and Nosana [NOS] were the biggest winners. The chart showed that VIRTUAL gained over 203%, while MOODENG gained almost 153%. The third biggest gainer, the NOS, posted a gain of almost 129%.
Biggest losers
Immutable [IMX]
Unchangeable The price movement showed that the price was around $1.6 at the beginning of the week, but there were significant downward trends. At the end of the week the price was around $1.3.
The decline has continued at the time of writing and has also had an impact on the market capitalization. At the time of writing, the market capitalization was almost $2.2 billion, but it had fallen by more than 1% in the past 24 hours. Additionally, volume was down nearly 50% in the past 24 hours, reaching nearly $23 million.
ApeCoin [APE]
ApeCoin was one of the biggest winners the week before, but was unable to maintain the momentum. Data from CoinMarketCap showed it was the second-biggest loser over the past week, down more than 17%.
Analysis showed that APE started the week with a bang, peaking at 71.15% and rising to almost $1.5. The next day it showed more promise after rising 5%, pushing the price above $1.5.
However. It then experienced a significant decline, and by the end of the week it was trading around $1.
Source: TradingView
For now, the only positive trend is above the 200-day moving average (blue line) and above the neutral line of the Relative Strength Index (RSI). The spike took the price above the blue line for the first time since April. However, if the decline continues, it could fall again.
Its volume has decreased by almost 70% in the last 24 hours and amounted to approximately $155 million.
Arweave [AR]
Arweave finished as the biggest losers as the third biggest. Analysis of the price showed that the price started the week at almost $19, but had fallen to around $16 by the end of the week. Data from CoinMarketCap shows that AR has declined by more than 16% in the past week.
Volume was around $35 million at the time of writing, down more than 45%. Moreover, the market cap was around $1 billion, down over 3%.
Top 500 losers
Scroll (SCR) topped the list of the top 500 losers with a decline of over 39%. Deep Book Protocol (DEEP) came in as the second biggest loser, down nearly 34%. Casper (CSPR) also saw a decline of almost 34%.
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.
