Here is how some of your favorite assets concluded the week.
- Helium, Pyth Network, and Jupiter ended the past week as the biggest winners. Brett, Lido DAO, and Notcoin had the biggest losses of the past week.
Helium and Jupiter have recently topped the list of gainers in the cryptocurrency market, each experiencing significant upticks in their respective valuations.
Conversely, Brett and Notcoin have faced less favorable outcomes, finding themselves at the lower end of the performance spectrum.
Biggest winners
Helium (HNT)
The price analysis of Helium revealed a steady increase over recent weeks, starting around 12th July, according to AMBCrypto.
The last seven days recorded more price increases than declines. Helium’s price surged by over 8% at the beginning of the past week, moving from approximately $4.5 to $4.8.
Also, despite experiencing declines on two separate days within the week, it closed at around $5.5, marking a 4.8% rise. CoinMarketCap data highlights HNT as the week’s top performer, with an overall gain of 18.8%.
Source: TradingView
Furthermore, Helium’s Relative Strength Index (RSI) is currently above 70, indicating a strong bullish trend, albeit overbought.
HNT was trading at about $5.3 at press time, showing a slight decline of over 2%. Its market capitalization exceeds $860 million, with a more than $17 million trading volume.
These metrics have also experienced gains in the last 24 hours.
Pyth Network (PYTH)
Pyth Network (PYTH) ranked as the second-biggest gainer of the week with an over 9% increase, as reported by CoinMarketCap.
The price of PYTH began the week at approximately $0.36 but faced several declines. These declines persisted until 26th July, after which the price trend shifted positively.
By the end of the week, PYTH’s price had climbed to around $0.39. Currently, the price has edged further into the $0.40 zone. Additionally, the market capitalization of Pyth Network stands at over $1.4 billion, marking a growth of over 3% in the last 24 hours.
However, its trading volume has decreased by about 18%, currently around $80 million.
Jupiter (JUP)
The Jupiter (JUP) price trend started the week at approximately $1 but encountered some volatility. It experienced declines, dipping to around $0.9 during the week. However, it recovered, reaching a weekly high of $1.17, and concluded the week at about $1.12.
According to CoinMarketCap, Jupiter was the third-biggest gainer of the week, with an over 8% increase. Its trading volume surpassed $234 million, showing a significant 80% rise in the last 24 hours.
Additionally, Jupiter’s market capitalization exceeded $1.5 billion, increasing by approximately 4% in the same period.
Biggest losers
Brett (BRETT)
Brett (BRETT) faced a challenging week, starting at approximately $0.15 and experiencing a series of declines. By the end of the week, its trading price had dropped to around $0.12.
According to CoinMarketCap, Brett recorded a substantial weekly decline of 18.14%, making it the week’s biggest loser. As of the latest update, the price remained at $0.12 and continued to decline.
Also, Its market capitalization stood at about $1.2 billion, showing a decrease of around 4% in the last 24 hours. Despite the price drop, its trading volume saw a significant increase of about 16%, reaching approximately $44 million.
Lido DAO (LDO)
Lido DAO experienced a significant downturn over the past week, resulting in a 17.41% decrease in its value, making it the second-largest loser, according to CoinMarketCap.
LDO started the week at around $1.9 and followed a declining trend. By the week’s end, its price had dropped to approximately $1.6, though there were signs of a minor recovery. Currently, it continues to trade within the $1.6 range.
The market capitalization of Lido DAO stands at about $1.4 billion. Moreover, its trading volume has reached nearly $140 million, marking an increase of around 29% over the last 24 hours.
Notcoin (NOT)
Notcoin experienced a mostly downward trend in the last seven days, showing a positive movement only once.
NOT began the week at approximately $0.016, already down by nearly 1%. Apart from a brief uptick on 26th July, it declined throughout the week, closing at around $0.014.
Source: TradingView
According to CoinMarketCap, Notcoin’s price fell by over 14%, ranking it the week’s third-largest loser. Currently, its price has further decreased to about $0.013.
The market capitalization of Notcoin has dropped by more than 3% in the last 24 hours, now standing at around $1.3 billion. However, its trading volume has increased by over 17%, reaching over $158 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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