Here is how some of your favorite assets concluded the week.
- Nervos Network, Popcat, and Bittsensor had the biggest gains in the past week. Helium, Starknet, and SATS were the biggest losers last week.
After having an interesting trend, Popcat ended up as one of the biggest crypto winners, while Helium fell into the losers category. The past week was interesting as other crypto assets responded positively to Bitcoin crossing its psychological barrier.
Biggest winners
Nervos Network [CKB]
Nervos Network [CKB] emerged as the highest gainer of the week, with an over 97% increase, according to CoinMarketCap data. CKB had a cautious start to the week, trading at around $0.008, but its momentum surged on 13th September when its price rose to around $0.013.
By the end of the week, it was trading at approximately $0.014.
As of this writing, CKB has continued its upward trend, reaching around $0.017, and its market capitalization has risen by 19%, now standing at approximately $754 million.
The token’s volume was around $330 million but has since dropped by over 60% in the last 24 hours. The drop reflects a temporary cooling in trading activity after the significant price rally.
Popcat [POPCAT]
Popcat [POPCAT] analysis on the daily price chart revealed a stronger start to the week than Nervos Network.
The chart indicated that POPCAT surged by over 9% at the beginning of the week, trading at around $0.53. It continued with consecutive uptrends, reaching approximately $0.6 by the third day.
Notably, it crossed its short-moving average (yellow line), which had acted as resistance, and this line has now flipped to serve as support around the $0.6 price range.
Source: TradingView
By the end of the week, POPCAT was trading at approximately $0.72, despite a slight decline of over 1%.
According to CoinMarketCap, POPCAT recorded the second-biggest gains of the week, with an over 42% increase. Its market capitalization stood at around $728 million as of this writing.
However, like CKB, POPCAT’s trading volume has declined, with its volume at approximately $65 million, marking an over 40% decrease.
Bittsensor [TAO]
Bittsensor [TAO] was the only asset among the top gainers with a market capitalization exceeding $1 billion.
Data from CoinMarketCap revealed that TAO gained nearly 40% in the past week. Analysis of its price trend showed that it started the week at approximately $240 and ended at around $322. As of this writing, its price has further increased to $326.
TAO’s market capitalization is $2.4 billion, reflecting a 3% increase in the last 24 hours. However, its trading volume has declined by over 20%, with a current volume of approximately $64 million.
Biggest losers
Helium [HNT]
After being one of the top gainers last week, Helium [HNT] has now dropped to lead the list of biggest losers.
Data from CoinMarketCap showed that HNT experienced an over 10% decline in the past week. A detailed analysis of its price on the daily chart indicated a clear downward trend throughout the week.
HNT began the week trading around $8.1 but had fallen to approximately $7.2 by the end of the week.
Source: TradingView
Further analysis revealed that HNT saw an over 6% decline to close the week, contributing to its overall losses. Despite the decline, the short-moving average (yellow line) provided strong support, ranging between $6.7 and $6.4.
Additionally, HNT has dropped slightly below the neutral line on the Relative Strength Index (RSI), indicating a shift towards a bearish trend.
As of this writing, HNT’s market capitalization is around $1.1 billion, reflecting a nearly 6% decline. However, its trading volume has increased by over 30%, reaching approximately $21.2 million.
Starknet [STRK]
Starknet [STRK] began the week trading at around $0.43. Still, by the end of the week, its price had dropped to approximately $0.40, marking a significant decline.
According to CoinMarketCap, STRK was the second-biggest loser of the week, with a decline of over 7.6%.
In addition to its price drop, STRK’s trading volume has decreased by over 30% in the last 24 hours, bringing the volume to around $40.6 million.
Despite these declines, Starknet’s market capitalization remains at approximately $717 million as of this writing.
SATS [1000SATS]
SATS (1000SATS) ranked as the third-biggest loser in the past week, according to data from CoinMarketCap. The token started trading at approximately $0.00033 during the week but experienced a rapid decline, hitting a low of $0.00029.
While it attempted a brief rebound, nearing its price range at the beginning of the week, it ultimately closed the week at around $0.00030.
By the end of the week, SATS had declined by over 6%. Its market capitalization was around $650.8 million, and its volume was approximately $56.4 million.
Both metrics showed declines in the last 24 hours, with the market cap falling by over 4% and the trading volume decreasing by 37%.
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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