- Mog Coin, Akash Community, and Kaspa had been the largest winners of the previous week.
- Pendle, Ethena, and Worldcoin had the largest losses up to now week.
Pendle [PENDLE] couldn’t replicate its earlier efficiency this previous week, discovering itself on the other finish of the rating spectrum.
As an alternative, the title of the most important gainer of the week went to a cryptocurrency practically exterior the highest 100 rankings.
This shift highlighted the volatility and speedy modifications in fortune that may happen throughout the cryptocurrency market.
Greatest winners
Mog Coin [MOG]
Mog Coin [MOG] emerged as the highest gainer of the week, in accordance with knowledge from CoinMarketCap. Over the previous seven days, this important uptrend catapulted it into the highest 100 cryptocurrencies by market capitalization.
Particularly, MOG noticed a exceptional improve of 48.84% throughout this era.
Beginning the week on the twenty third of June at roughly $0.0000009, MOG initially displayed a downtrend.
Nonetheless, it rapidly reversed this trajectory and made important beneficial properties all through the remainder of the week, closing at round $0.000001.
This constructive motion was additionally mirrored in its market capitalization, which surged to over $650 million, securing its place among the many prime 100 cryptocurrencies.
Regardless of a current decline of over 4% in its market cap within the final 24 hours, MOG’s market capitalization remained at over $648 million.
Akash Community [AKT]
Akash Network [AKT] (AKT) emerged because the second-highest gainer of the week, with a notable improve of 20.96%, in accordance with knowledge from CoinMarketCap.
Regardless of this spectacular weekly acquire, AKT started the week on a downward observe.
The value chart revealed that it began the week buying and selling at round $3 however skilled a drop to roughly $2.7 the next day.
Nonetheless, it recovered strongly because the week progressed and closed at over $3.5 by the week’s finish.
The market capitalization of Akash Community was over $872 million, although it skilled a slight decline within the final 24 hours.
Moreover, the buying and selling quantity of AKT decreased by over 29% throughout the identical interval, amounting to round $41.5 million.
Kaspa [KAS]
Kaspa [KAS] the token, not the ghost, skilled a slight decline at the beginning of the week. It dropped by 0.6% and traded at round $0.15 on the twenty third of June.
Nonetheless, the token quickly reversed its trajectory and commenced to rise, marking consecutive will increase all through the week.
By week’s finish, KAS was buying and selling at roughly $0.19, culminating in an general weekly acquire of greater than 7%, which positioned it because the third-biggest gainer of the week.
Knowledge from CoinMarketCap indicated a notable general improve of 20.16% for Kaspa. Additional technical evaluation of its value pattern recommended that Kaspa was at present in a robust bull market.
The Relative Energy Index (RSI) supported this evaluation, indicating that the token was nearing the overbought zone, which mirrored excessive shopping for stress.
Supply: TradingView
Kaspa’s market capitalization has additionally seen substantial development, exceeding $4.5 billion, with a greater than 6% improve within the final 24 hours alone.
Notably, it’s the solely asset among the many prime gainers of the week, with a market cap surpassing $1 billion. The buying and selling quantity for Kaspa has surged over 50% within the final 24 hours, reaching over $132 million.
Greatest losers
Pendle [PENDLE]
PENDLE skilled a troublesome week, rising as the largest loser of the week, per CoinMarketCap, with a major decline of 19.80% over the previous week.
The value pattern for Pendle began on a excessive observe on the twenty third of June, opening at over $6.
Nonetheless, it rapidly took a downturn, closing the day at round $5.6. This downward pattern continued all through the week, with the value additional dropping to roughly $4.9 by the week’s finish.
Pendle’s market capitalization was over $769 million, although it has seen a decline of over 2% within the final 24 hours.
The buying and selling quantity for Pendle was nearly $43 million, which additionally decreased considerably by over 40% within the final 24 hours.
Ethena [ENA]
Ethena [ENA] skilled a difficult week, marked by a gentle decline in its worth. The token started the week with a drop, closing the primary day at roughly $0.56.
Regardless of makes an attempt to stabilize, the decline continued all through the week, culminating in a closing value of round $0.49.
In keeping with knowledge from CoinMarketCap, Ethena’s worth declined by 18.48% over the previous week, positioning it because the second-highest loser out there.
As of this writing, Ethena’s market capitalization was over $766 million, reflecting a lower of greater than 2% within the final 24 hours.
The buying and selling quantity has additionally seen a major discount, dropping by over 20% to roughly $49.5 million throughout the similar interval.
Worldcoin [WLD]
Wordcoin [WLD] has been on a downward trajectory over the previous few weeks, with current developments intensifying this decline.
AMBCrypto’s evaluation of its every day time-frame chart confirmed that it began the week with an over 4% lower, buying and selling at round $2.8.
This degree, nonetheless, marked the excessive level for the week, as the value confronted additional important drops. By the tip of the week, Worldcoin was buying and selling at roughly $2.5, marking one other decline of over 4%.
Supply: TradingView
In keeping with knowledge from CoinMarketCap, Wordcoin skilled a weekly decline of 16.86%, rating it because the third-highest loser out there.
The Relative Energy Index (RSI) was under 30 as of this writing. It indicated that WLD was not solely in a robust bear pattern but in addition in an oversold state.
This might recommend a possible for a value rebound if consumers understand it as undervalued and determine to step in.
The market cap was round $660 million, having declined by over 5% within the final 24 hours. Moreover, the buying and selling quantity has additionally decreased, falling by over 11% to greater than $126 million in the identical interval.
Conclusion
Right here’s the weekly recap of the largest gainers and losers. It’s essential to keep in mind the unstable nature of the market, the place costs can shift quickly.
Thus, doing your individual analysis (DYOR) earlier than making any funding choices is greatest.
