- Safe, Raydium, and cats in a dogs world were the biggest winners of the past week.
- Immutable X, ApeCoin, and Arweave saw the biggest losses of the past week.
At the end of the past week, Safe emerged as the biggest crypto gainer, with an almost 50% increase. ApeCoin, however, lost its mojo, dropping from the gainers’ side to the losers’ side at the end of the past week.
Biggest winners
Safe [SAFE]
Analysis of the daily time frame chart of Safe [SAFE] showed that the week started with a normal trend. However, subsequent trends in the week showed price volatility, which defined the week.
Its price at the start of the week was around $0.95 after an over 1% increase. However, the next day, it saw an over 15% spike in price, but major declines followed these spikes.
Analysis showed that the price trend that defined the week came on Thursday and Friday. On Thursday, it spiked by 42.13%, taking its price to around $1.34. The next day, it saw another spike of 10.45%, taking its price to around $1.48.
Source: TradingView
However, it ended the week with an over 1% decline, but its price only dropped to around $1.46. Also, its Relative Strength Index showed it was oversold, meaning a correction might happen soon.
According to data from CoinMarketCap, it had a 49% gain, making it the biggest gainer of the week. It had the lowest market capitalization among the top gainers, with around $658 million.
Raydium [RAY]
The second-biggest gainer was Raydium [RAY]. Analysis showed that its price was around $2.2 at the start of the week. However, by the end of the week, the price had risen by almost 3%.
With the price trend, it gained over 44% in the past week, according to data from CoinMarketCap.
Also, RAY had the second-biggest market capitalization among the top gainers, with over $843 million. Also, the price has increased to around $3.2 as of this writing, and the market capitalization has increased by over 8%.
The volume was the only thing that saw a decline of over 1% as of this writing; it was over $110 million.
Cats in a dogs world [MEW]
Cats in a dogs world and Popcat struggled for the third-biggest winner’s position, but MEW emerged on top. The data showed that MEW had an over 17% gain in the past week. Popcat could only manage over 15%. Also, this made it its second week as a top gainer.
Analysis of its chart showed it started the week slow, with its price at around $0.008. Its major uptrend came towards the end of the week when its price spiked to around $0.011.
At the end of the week, it traded at around $0.010. Its market capitalization was around $887 million, and its volume is around $167 million as of this writing. However, the volume had seen an over 40% decline in the last 24 hours.
Top 500 gainers
Among the top 500 assets, Virtual Protocol [VIRTUAL], Moo Deng [MOODENG], and Nosana [NOS] were the biggest winners. The chart showed that VIRTUAL had an over 203% gain, while MOODENG had an almost 153% gain. The third-largest gainer, NOS, had a nearly 129% gain.
Biggest losers
Immutable X [IMX]
Immutable X is taking first place from the losers’ side, which has declined over 19.5% in the past week. Its price movement showed that it was around $1.6 at the start of the week but saw significant downtrends. By the end of the week, the price was around $1.3.
Its decline has continued as of this writing and has also impacted its market capitalization. As of this writing, its market capitalization was almost $2.2 billion but had declined by over 1% in the last 24 hours. Also, its volume had declined by almost 50% in the last 24 hours and was almost $23 million.
ApeCoin [APE]
ApeCoin was one of the biggest winners the week before, but it could not maintain the momentum. Data from CoinMarketCap showed it was the second-biggest loser in the past week, with an over 17% decline.
Analysis showed that APE started the week with a bang, spiking by 71.15%, and its price rose to almost $1.5. It showed more promise the next day after it increased by 5%, taking its price above $1.5.
However. It saw significant declines afterward, and by the end of the week, it was trading at around $1.
Source: TradingView
For now, The only positive trend is above its 200-day moving average (blue line) and above the neutral line of its Relative Strength Index (RSI). The spike took its price above the blue line for the first time since April. However, it could go back below it if the decline continues.
Its volume has declined by almost 70% in the last 24 hours and was around $155 million.
Arweave [AR]
Arweave finished off the biggest losers as the third-biggest. Analysis of its price showed it started the week at almost $19 but had declined to around $16 at the end of the week. Data from CoinMarketCap showed AR declined by over 16% in the past week.
Its volume was around $35 million as of this writing, with a decline of over 45%. Also, its market capitalization was around $1 billion, with a decline of over 3%.
Top 500 losers
Scroll (SCR) topped the top 500 losers’ chart with an over 39% decline. Deep Book Protocol (DEEP) came in as the second-biggest loser, with an almost 34% decline. Casper (CSPR) also had a nearly 34% decline.
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.
