Here is how some of your favorite assets concluded the week.
- Helium, Aave and THORChain were the biggest winners of the past week. Dogwifhat, Brett, and Mantra had the biggest losses of the past week.
Helium [HNT] has once again secured a spot among the top two winners for the second time this month, showcasing its strong performance.
In contrast, dogwifhat [WIF] ended the week as the biggest loser, highlighting the volatility in the market.
Interestingly, no memecoins appeared among the top gainers over the past week, marking a notable shift in market dynamics.
Biggest winners
Helium [HNT]
HNT emerged as the biggest winner in the past week, following its second-place finish the week before.
According to data from CoinMarketCap, HNT saw an impressive 19.5% increase over the past week, marking a strong performance.
AMBCrypto’s analysis of Helium’s daily time frame trend showed that the week began with a significant 8% decline, bringing its price down from around $6.6 to $6.0.
However, Helium rebounded the following day with a substantial 14% increase, pushing its price to approximately $6.9.
Although the token experienced some fluctuations throughout the week, it ended on a high note with another 14% increase, closing the week at around $7.6.
Source: TradingView
Further analysis noted that HNT was in a strong bull trend at ress time, with its Relative Strength Index (RSI) at around 70.
The trend also suggested that the asset was in the overbought territory.
This strong buying momentum has pushed Helium’s market capitalization to over $1.2 billion, with a trading volume exceeding $24.5 million as of this writing.
Aave[AAVE]
Aave [AAVE], among the losers the week before last, has made a significant comeback, ending this past week as the second-biggest winner.
According to data from CoinMarketCap, AAVE gained nearly 18% over the past week.
AMBCrypto’s look at AAVE’s price trend revealed that it began the week trading at around $94.
The token experienced substantial upward momentum throughout the week, pushing its price to approximately $111 by the week’s end.
Notably, AAVE reached as high as $115 during the week before settling back to around $111.
As of this writing, AAVE’s market capitalization is over $1.6 billion, with a trading volume exceeding $131 million.
However, it’s worth noting that both market capitalization and volume have declined in the last 24 hours. This could indicate some profit-taking or a temporary cooling off after the strong rally.
Overall, AAVE’s impressive gains underscore its resilience and renewed investor interest following a challenging period.
THORChain [RUNE]
THORChain [RUNE] emerged as the third-biggest gainer of the week, with its price rising by more than 17.8%, according to data from CoinMarketCap.
The price analysis shows that RUNE started the week at around $3.4 but experienced early declines. However, the token’s price recovered during the week, and it was trading close to $4 by the week’s end.
As of this writing, RUNE has slightly declined to around $3.9. Despite this minor pullback, its market capitalization has shown a notable increase of over 7% in the last 24 hours, bringing it to more than $1.3 billion.
However, trading volume decreased by over 10% in the same period, currently at over $150 million.
This decline in volume may suggest that while there was strong buying activity earlier in the week, it has since tapered off, potentially leading to a period of consolidation for RUNE.
The overall positive movement in its market cap indicates sustained interest in the token, even as trading activity slows down.
Biggest losers
Dogwifhat [WIF]
Dogwifhat [WIF] faced a challenging week, ending as the biggest loser with a decline of more than 23.8%, according to data from CoinMarketCap.
AMBCrypto’s analysis of WIF on a daily timeframe revealed that it experienced consistent declines throughout most of the past week.
The week began with a steep 10.25% drop, bringing its price down to approximately $1.62.
Although WIF saw a brief recovery the next day, with a 5% increase pushing its price to around $1.7, this uptrend was short-lived.
The token then entered a downward spiral, experiencing four consecutive days of decline. By the end of the week, WIF was trading at around $1.4, despite a minor 1.94% increase in the final session.
Source: TradingView
Further analysis of its Relative Strength Index (RSI) shows that WIF is below 40, indicating that it is in a bearish trend and the oversold zone.
This reflected strong selling pressure and a lack of buying momentum, contributing to its significant weekly loss.
As of this writing, dogwifhat’s market capitalization is around $1.4 billion, with a trading volume of over $226 million.
Brett [BRETT]
Brett [BRETT] recorded a significant decline of over 20.6% in the past week, making it the second-biggest loser, according to data from CoinMarketCap.
AMBCrypto’s look at BRETT’s price movement shows that it began the week at around $0.099 but faced a downward trend throughout the week.
The token started the week with a decline and continued to lose value, ending the week with a price of approximately $0.079. This consistent drop highlights the bearish sentiment surrounding BRETT.
Additionally, BRETT’s market capitalization and trading volume have decreased in the last 24 hours, with its market cap now at over $786 million and its volume at around $18 million.
MANTRA [OM]
MANTRA [OM] ranked as the third-highest loser of the past week, experiencing a decline of over 16%, according to data from CoinMarketCap.
The token began the week trading at approximately $1, but it steadily dropped throughout the week, ending at around $0.9.
A decline in market capitalization and trading volume accompanied this downward trend in price.
As of this writing, MANTRA’s market capitalization is over $753 million, reflecting a more than 1% decrease in the last 24 hours. Its trading volume has significantly dropped by over 20%, now at over $15 million.
Conclusion
Here’s the weekly recap of the biggest gainers and losers. It’s crucial to bear in mind the volatile nature of the market, where prices can shift rapidly.
Thus, doing your own research (DYOR) before making investment decisions is best.
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