- Dogwifhat, Worldcoin and Arweave were the biggest winners of the past week.
- Uniswap, Tron and Aave suffered the biggest losses last week.
According to recent data, Dogwifhat emerged as the cryptocurrency with the best price performance over the past week. On the other hand, despite efforts, Uniswap faced significant challenges and ended up as the biggest loser during the same period.
Biggest winners
Dog hat (WIF)
Over the past week, Dogwifhat (WIF) has experienced a remarkably positive trend, as detailed in an analysis by AMBCrypto.
WIF started the week with a significant increase of 8%, taking its price from around $1.6 to just over $1.7. The momentum continued the next day with an even more substantial increase of 24.62%, dropping the price from $1.7 to around $2.1.
Despite this strong upward trend, WIF suffered a minor setback on July 17, with a decline of 1.5%.
Nevertheless, it quickly recovered and rose more than 12% soon after, pushing the price up to around $2.4. By the end of the week, the price was trading around $2.6, marking a weekly closing increase of over 3%.
Source: TradingView
According to data from CoinMarketCapDogwifhat posted the biggest gain of the week, topping the chart with an impressive 51.72% gain.
However, according to the most recent observations, the price went through a slight downturn, dropping more than 3% around $2.5.
WIF’s market capitalization was approximately $2.5 billion, while its trading volume was $334 million, down more than 28% in the past 24 hours.
World currency (WLD)
Worldcoin recently emerged as one of the biggest winners again, posting the second highest gain with an impressive 40.60% increase, as reported by CoinMarketCap.
This past week, WLD started trading around $1.8 and has seen consistent growth. The price even surpassed the $3 mark over the course of the week before finally settling down. By the end of the week, the price was trading at almost $2.6.
As the new week begins, Worldcoin has returned slightly to around $2.5, marking a modest step back from the previous week’s closing position.
Its market capitalization was around $709 million, but had suffered a significant decline, down over 8% in the past 24 hours.
Moreover, trading volume has also fallen substantially, by more than 30% to almost $235 million.
Arweave (AR)
Arweave (AR) showed strong performance this past week, starting at around $24 and quickly rising above $30 by mid-week. This positive momentum continued and by the end of the week AR was trading around $33.5.
According to data from CoinMarketCapThis increase resulted in AR being ranked as the third biggest gainer of the week, with an impressive increase of 39.22%.
As of the last update, Arweave’s trading price has increased further to around $34.3. Its market capitalization is over $2.2 billion, showing modest growth of less than 1%.
However, despite the increase in market capitalization and price, trading volume has decreased significantly: it has fallen by more than 30% in the last 24 hours, to a total of over $67 million.
Biggest losers
Uniswap (UNI)
Uniswap had a week of mixed performance on the daily timetable chart. Initially, the week started on a positive note, with the price rising from around $8.1 to almost $8.6 over the first two days.
However, this uptrend was short-lived as Uniswap suffered three consecutive days of declines, dropping its price to around $7.8.
By the end of the week, Uniswap’s price managed to recover slightly to around $8, but this was not enough to offset earlier losses.
According to data from CoinMarketCap, this resulted in Uniswap being labeled as the biggest loser of the week with a drop of 4.60%.
Source: TradingView
According to the latest data, Uniswap is trading around $7.9, with an additional decline of over 1%. Also, the Relative Strength Index (RSI) UNI showed below the neutral 50 line, indicating that the price is currently in a bearish trend.
Furthermore, its market capitalization has decreased by almost 1% and now stands at approximately $4.7 billion.
Trading volume has also fallen significantly, falling by more than 20% in the last 24 hours to around $111 million.
Tron (TRX)
Tron (TRX) ended the week as the second biggest loser CoinMarketCap data, with a decline of 2.97% in the past week.
The price analysis shows that TRX opened the week at around $0.138, but significant declines began around July 15. Despite attempts to recover towards the end of the week, TRX closed at around $0.134.
At the time of writing, Tron’s market cap was approximately $11.6 billion, reflecting a modest decline of less than 1%.
Additionally, trading volume for TRX has dropped significantly, dropping by over 23% in the last 24 hours to around $212 million.
Aave (AAVE)
Aave (AAVE) had a significant turnaround in fortunes, moving from one of the biggest gainers the week before to one of the biggest losers last week. It posted a decline of 2.20%, making it the third biggest loser of the period.
The price development started positively around $100 and even climbed to a peak of $104 during the week. However, it then suffered a decline and closed the week at around $98.
At the time of writing, Aave’s share price has continued to decline and is now trading around $97. This further decline is also reflected in the market capitalization, which has decreased by more than 1% and now stands at approximately $1.45 billion.
Furthermore, trading volume has dropped significantly, by over 18% in the last 24 hours to approximately $65.9 million.
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.
