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Crypto market’s weekly winners and losers – BONK, SUI, STRK, TAO

4min Read

Here is how some of your favorite assets concluded the week.

Crypto market's weekly winners and losers – BONK, SUI, STRK, TAO

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  • Core, Bonk, and Sui had the biggest gains in the past week.
  • Starknet, Nervos Network, and Bittensor were the biggest losers for the week.

The past week was dominated by the Bitcoin [BTC] halving event, but it was a rather poetic week for the weekly winners and losers.

A token called Core was at the “core” of the winners’ pack, and another called Nervos was among the top losers. 

Biggest winners

Core

Core [CORE] has been consistently performing well in recent weeks, but it took the lead in the past week’s winners’ chart.

According to CoinMarketCap, its price surged by more than 54% over the past week, reaching over $2.

AMBCrypto noted that CORE began the week at around $1.3. It gradually climbed in the subsequent days to reach as high as $2.7 on the 16th of April.

By the week’s end, it settled around $2.1, marking nearly a $1 increase from the start of the week. 

Further analysis indicates that CORE was trading with a more than 5% increase at the time of writing, with a market capitalization exceeding $1.9 billion.

Bonk

Over the past 24 hours, meme coins have surged, becoming the most valuable assets in that timeframe.

However, per CoinMarketCap, only Bonk [BONK] has seen significant gains, landing among the top three gainers of the week.

The chart showed that Bonk experienced an almost 32% increase over the past week, making it the second-biggest winner.

Starting the week at approximately $0.000015, Bonk faced downward trends until the week’s end on the 20th of April, when its price spiked to around $0.000019. 

At the time of this writing, its price continued to rise. CoinMarket showed that BONK’s market capitalization surged by nearly 40% in the last 24 hours, exceeding $1.3 billion at the time of this writing.

Sui

Sui [SUI] secured a spot among the top three biggest winners for the week, boasting a remarkable price gain of over 24.7%.

A closer look at SUI on a daily timeframe chart revealed a series of consecutive uptrends throughout the week. The upward trendline further confirmed the consistent price increase.

Starting the week around $1.2, SUI concluded with a price exceeding $1.4 by week’s end. 

Sui price trend

Source: TradingView

However, at the time of writing, it experienced a slight decline of over 1%, settling around $1.4. Despite its impressive rally over the past week, it has yet to transition into a bull trend.

Its Relative Strength Index indicated that it still trended below the neutral line. SUI’s market capitalization surpassed $1.8 billion at the time of writing.

Biggest losers

Starknet

Starknet [STRK] emerged as the week’s biggest loser based on CMC data. Reviewing the daily timeframe chart, STRK started the week with a gain of over 4%, trading at approximately $1.48.

However, it faced consecutive declines after that. By the 20th of April, it rose by over 12%, settling around $1.35 at the week’s end. However, more than this increase was needed to offset earlier losses.

At the time of this writing, it was trading near $1.34, marking a decline of less than 1%. 

Starknet price trend

Source: TradingView

An examination of its Relative Strength Index (RSI) indicated a value below 35 at the time of writing, signaling a strong bear trend. Notably, the 12% surge on the 20th of April lifted it out of the oversold zone.

At the time of writing, its market capitalization stood at $980.9 million.

Nervos Network

Nervos Network [CKB] experienced the second-highest loss for the week, with a decline of over 9.6%, according to CoinMarketCap.

Its price trajectory revealed an initial value of around $0.025 at the beginning of the week, followed by a noticeable decline.

Although it briefly rose to approximately $0.028 on the 15th of April, it continued to decrease after that. By week’s end, it was trading around $0.022. 

At the time of this writing, it was around $0.021, with recent data indicating an uptick in the last few hours. Additionally, its market capitalization stands at approximately $939 million at the time of writing.

Bittensor 

According to CoinMarketCap, Bittensor [TAO] experienced the third-highest loss for the week. TAO registered a 5.65% decrease and concluded the week’s trading at $479.03.

A closer examination of its trend showed an optimistic start to the week, with prices nearly hitting $592. However, a downward trajectory ensued, leading to a week-ending price of around $479.

At the time of this writing, it was trading at approximately $476. Its market capitalization was over $3.1 billion as of the time of this writing.

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, it is best to do your own research (DYOR) before making any investment decisions.

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Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations. Besides working on insightful articles that touch upon the crypto-space's hottest issues, he finds joy in supporting Manchester United and Afrobeat music.
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