Here is how some of your favorite assets concluded the week.
- Pepe, Dogwifhat, and Shiba Inu were the week’s biggest winners. Monero, Kaspa, and Artificial Superintelligence Computer led the losers chart.
This week’s biggest crypto gainers were largely dominated by memecoins, with six out of the top ten gainers falling into this category.
The chart, which analyzed the top 100 cryptocurrencies, also highlighted Kaspa (KAS) on the losing side, continuing its decline from the previous week.
Biggest winners
Pepe [PEPE]
Pepe [PEPE] started the week with a 4% dip, hinting at a potential downtrend. However, it quickly reversed course with a 5% surge the following day.
The most notable spikes occurred on September 26th and 27th, each day recording gains of over 12%. Pepe opened the week trading at around $0.000008 and closed near $0.00001, marking an additional 6% increase by week’s end.
Data from CoinMarketCap shows PEPE was the top-performing crypto of the week, with an impressive 36% gain. Trading volume surged to over 35 trillion PEPE tokens during the week.
As of this writing, its value is approximately $1.2 billion, although it has since seen a 6% drop. Pepe’s market capitalization stands at around $4.75 billion.
Dogwifhat [WIF]
Dogwifhat [WIF] ranked as the second-largest gainer of the week. It began the week with a dip, trading at around $1.69, but steadily climbed to finish at $2.37. This upward movement resulted in a 34% increase, based on CoinMarketCap data.
Despite a slight pullback to $2.31 as of this writing, Dogwifhat’s trading volume has decreased by 20% over the past 24 hours to $386.4 million. Its market capitalization currently sits at approximately $2.3 billion.
Shiba Inu [SHIB]
Shiba Inu [SHIB] completed the top trio of memecoin gainers with a 33% rise for the week. Although SHIB experienced declines on three out of seven days, significant surges of 22% and 8% on September 26th and 27th propelled its overall performance.
SHIB opened the week at around $0.000014 and closed near $0.000019.
The recent price movement has broken above both the 50-day and 200-day moving averages, which is a bullish signal. This suggests that SHIB has gained significant momentum after consolidating for an extended period below these averages.
Source: TradingView
The MACD shows a bullish crossover, with the MACD line (blue) crossing above the signal line (orange). Additionally, the histogram has moved into positive territory, confirming growing bullish momentum.
This crossover suggests increasing buyer strength and could indicate further upside potential in the short term if the momentum continues.
The trading volume rose to over 5 trillion SHIB tokens during the week. However, the volume has since dropped by 40% to about $778 million. Shiba Inu’s market capitalization currently stands at $11.5 billion, with a 3% decline.
Biggest winners of the top 500
Moo Deng (MOODENG) took the lead with a staggering 336% increase, trading at around $0.22 in the broader market. Following closely was KARRAT (KARRAT), which rose by over 115% to $0.63. SPX6900 (SPX) came in third with a 114% rise, trading at approximately $0.10.
Biggest losers
Monero [XMR]
Monero [XMR] Monero had a tough week, showing no signs of recovery. It opened at $176.96 and consistently declined throughout the week, closing at $158.63. This amounted to an 11% drop, making it the biggest loser, according to CoinMarketCap.
Source: TradingView
Trading volume peaked at over 11,000 XMR on the last day but dropped to around $38.5 million, marking an 8% decline. Monero’s market capitalization is currently over $2.8 billion, reflecting a slight decrease.
Kaspa [KAS]
Kaspa [KAS] had a relatively milder week than other losers, ending with a less than 2% loss. Despite starting the week at $0.164 with a 3% decline, it rebounded slightly, closing at $0.166.
Kaspa’s trading volume has seen a significant 50% drop, now sitting at $37 million. Its market cap stands at $4 billion, down by 2%.
Artificial Superintelligence Alliance [FET]
Artificial Superintelligence Alliance (FET) posted a minor decline of less than 1%, marking it the third-largest loser of the week. The coin opened at $1.61 and ended the week at $1.60, with fluctuating trends throughout.
Trading volume has dropped by 30%, settling at around $169 million, while its market cap fell by 2% to almost $4 billion.
Biggest losers of the top 500
The biggest loser in the top 500 was Hamster Kombat (HMSTR), which fell by over 37%, trading at around $0.006. Catizen (CATI) followed with a 29% drop, trading at $0.60. Covalent X Token (CXT) saw a 27% decline, trading at approximately $0.10.
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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