- Stellar, Hedera and Tezos were the biggest winners last week.
- Popcat, dogwifhat and Bonk ended the week as the biggest losers.
This week was eventful for the cryptocurrency market, with significant price movements shaping the dynamics of the top 100 digital assets by market capitalization.
While some tokens soared to new heights, others struggled under the pressure of the market.
Biggest winners
Stellar [XLM]
Stellar lumens [XLM] has dominated the market over the past week, emerging as the best-performing cryptocurrency with an incredible 190% increase.
Over the past seven days, XLM price action has been characterized by steady gains, followed by rapid acceleration, especially after crossing the psychological barrier of $0.30.
However, the price started the week around $0.19 before gaining momentum. At the end of the week, it saw a spike of 53.40%, bringing the price to around $0.52.
Trading at $0.58 at the time of writing, XLM has shown notable bullish momentum, driven by strong market sentiment and continued buying activity.
Source: TradingView
The daily chart shows a parabolic move, with XLM breaking through multiple resistance levels. The 50-day and 200-day SMAs of $0.14 and $0.10 were decisively breached earlier this week, creating a golden cross.
The RSI is at 94.98, deep in overbought territory, suggesting the possibility of a short-term correction if traders hold on to their gains.
Meanwhile, the Chaikin Money Flow (CMF) indicator remained positive at 0.40, reflecting robust capital inflows into XLM, which could continue its bullish trajectory in the short term.
Hedera [HBAR]
Hedera hash graph [HBAR] has delivered stellar performance over the past week, with a remarkable 76% price increase, making it the second highest gainer in the crypto market.
A look at the price trend showed that the price started the week around $0.08, but a spike of 60.19% on November 18 took the price to around $0.14.
It witnessed up and down trends throughout the week but ended the week at around $0.15. HBAR was trading at $0.152 at the time of writing, reflecting continued bullish momentum.
However, volume has fallen by over 26% in the last 24 hours, and data shows this to be $1.5 billion at the time of writing. Its market capitalization at the time of writing was almost $5.8 billion.
Tezos [XTZ]
The top winners in this category are Tezos [XTZ]making it its second week as top winner. According to data from Coin geckoXTZ has gained over 69% in the past week.
The price development showed that it started the week with a decline of more than 8% around $0.79. However, a spike of over 47% took the value to around $1.17 the next day.
Like HBAR, the price subsequently fluctuated, but ended the week around $1.15, after rising more than 2%.
At the time of writing, it has seen another huge increase, spiking over 22%, and the price was at $1.4.
Trading volume has increased by over 63% in the last 24 hours and now stands at over $380 million. Its market capitalization is approximately $1.4 billion.
Top 1,000 winners
Outside the top 100, this week’s top winner, Big Dog Fink [BINK]rose by more than 690%.
The second and third biggest winners were Dolos The Bully [BULLY] and we love T*ts [TITS]with increases of more than 401% and more than 258% respectively.
Biggest losers
Popkat [POPCAT]
Popkat [POPCAT] has faced significant selling pressure over the past seven days, emerging as the market’s biggest loser with a drop in value of over 18%.
AMBCrypto’s analysis of the price trend showed that it started the week on a positive note with an increase of over 9%, bringing the price to around $1.9.
However, POPCAT saw sharp declines after that, ending the week at around $1.4. The price traded around $1.48 with a weak uptrend attempt but remained below the critical price zones.
Volume was approximately $128 million, down more than 26% in the last 24 hours. Furthermore, its market cap at the time of writing was approximately $1.46 billion.
dog hat [WIF]
Dog hat [WIF] has had a turbulent week, down a significant 14% in the past seven days, making it the market’s second biggest loser.
Over the past seven days, WIF has failed to stay above the critical psychological level of $3.50, leading to increased selling activity.
AMBCrypto’s look at the chart showed that the price was around $3.6 at the start of the week, but had dropped to around $3.2 by the end of the week.
Source: TradingView
At the time of writing, the token, trading at $3.30, was struggling to hold its position after a sharp correction from its recent high of $4.00 earlier this month.
Also the Choppiness Index [CHOP] The value of 50.54 highlighted consolidation, indicating that the token may remain within range in the near term.
If bearish sentiment continues, the price could test support at $3.00, with a possible decline towards the 50-day moving average. Conversely, a recovery above $3.50 could reignite bullish momentum.
At the time of writing, the market cap is almost $3.3 billion, down over 2% in the last 24 hours.
Bonk [BONK]
Bonk [BONK] gathered the top losers, turning it into a memecoin affair. Data from CoinGecko shows that BONK is down more than 10% over the past seven days.
It started the week strongly after rising more than 8%, taking the price to around $0.00005 – the highest in more than six months.
However, the price could not hold as it ended the week at around $0.00004 after significant fluctuations were observed.
At the time of writing, it was trading around the $0.00004 price level. The market cap has fallen by over 5% in the last 24 hours and stands at approximately $3.56 billion at the time of writing.
Top 1,000 losers
Outside of the top 100, Shrub was this week’s biggest loser [SHRUB]with a decrease of more than 61%.
The second and third biggest losers were Shoggoth [SHOGGOTH] and Hasbulla’s cat [BARSIK]with a decrease of more than 59% respectively.
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.