Altcoin
Crypto market’s weekly winners and losers – TAO, FTM, KAS, and ICP
Here is how some of your favorite assets concluded the week.
- Bittensor, Fantom, and SUI are this past week’s biggest gainers.
- KuCoin Token, Kaspa, and Internet Computer led the losers chart for the past week.
Bitcoin showed an interesting trend in the past week, but Bittensor (TAO) emerged as the biggest gainer. While top crypto winners recorded double-digit gains, the top losers, led by KuCoin, experienced single-digit losses.
Biggest winners of the week
Bittensor [TAO]
Bittensor [TAO] had a volatile start to the week, beginning with consecutive declines of over 7% and 4%, which dropped its price to around $288.3.
However, TAO rebounded with consecutive uptrends, closing the week trading near $470 and posting a weekly gain of over 15%.
Source: TradingView
According to CoinMarketCap, TAO was the week’s biggest gainer, with a 40.5% increase. Its market capitalization stood at over $3.4 billion, with a trading volume of over $188 million, up by more than 30% in the last 24 hours.
The Relative Strength Index (RSI) remains overbought, signaling continued bullish momentum.
Fantom [FTM]
Fantom [FTM] also had an eventful week, starting at around $0.48 and climbing to approximately $0.67 by the end of the week.
According to CoinMarketCap, FTM was the second-biggest gainer, with an almost 37% increase. Its market capitalization is over $1.8 billion, though its volume has declined by over 8%, currently around $197 million.
Sui [SUI]
Sui [SUI] ranked as the third-biggest winner, with a nearly 34% increase over the past week. SUI started the week at around $1 and rose to approximately $1.4.
Its market capitalization is around $3.8 billion, though it has slightly declined over 2%. Trading volume has dropped significantly by over 50%, at $395 million as of this writing.
Biggest losers of the week
KuCoin Token [KCS]
KuCoin Token [KCS] led the list of losers with an almost 7% decline, making it the biggest loser of the week, according to CoinMarketCap.
KCS began the week trading near $8.2 and dropped steadily to around $7.4 by the week’s end. Its market capitalization is over $896 million, with a slight increase of over 1%, and trading volume at around $771,626, up by over 8%.
Kaspa [KAS]
Kaspa [KAS] was the second-biggest loser, dropping from $0.177 to about $0.170 by the week’s close, losing over 5.6% of its value.
Its market capitalization is approximately $4.1 billion, with a 1% decline, while its trading volume has decreased by over 40%, currently around $24.2 million.
Internet Computer [ICP]
Internet Computer [ICP] experienced three consecutive days of declines at the start of the week, with its price dipping to around $7.9. Despite some positive days, ICP ended the week trading at about $8.5, marking an overall decline of over 5%.
Source: TradingView
Despite this, ICP’s trend remains mildly bullish, with its RSI still above the neutral line. Its market capitalization is around $3.9 billion, down by 1%, and its trading volume has fallen by over 30% to about $58.8 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.
