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Crypto market’s weekly winners and losers – OM, BONK, HNT, FET

4min Read

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

Crypto market's weekly winners and losers – OM, BONK, HNT, FET

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  • Peanut the Squirrel, Mantra, and Bonk were the biggest gainers of the past week.
  • Helium, Lido DAO, and Artificial Super Intelligence Alliance had the biggest losses of the past week.

The week before now, the crypto market saw so much uptrend that there was almost no loser in the market. There are now more losers this week, but Peanut the Squirrel [PNUT] had an over 1,000% gain.

Helium [HNT], however, was one of the losers, with an almost identical decline as the second-biggest loser.

Biggest winners

Peanut the Squirrel [PNUT]

PNUT made a grand debut in the market, launching at a modest price below $0.09. The token quickly gained traction, surging to an all-time high of over $2.00 within days.

However, PNUT ended the week trading at approximately $1.59, following a 5.23% dip in the past 24 hours. Despite this, it secured the top spot among weekly gainers with a remarkable 1,400% increase.

PNUT’s market capitalization has declined by over 12% to approximately $1.62 billion, while its trading volume stood at $1.4 billion after a 50% drop in the last 24 hours.

The retracement from its peak highlighted the volatility that often accompanies new market entries.

 Mantra [OM]

Mantra [OM] experienced a strong bullish run after consolidating around $1.50 on the 10th of November, just above its 50-day moving average of $1.49.

By the week’s end, OM had surged past $2.50, marking a weekly gain of 133%, as per CoinGecko.

Trading at $3.32 at press time, OM has posted a 29.35% increase in the past 24 hours.

Its market capitalization has risen by almost 47% to over $2.8 billion, while trading volume has decreased slightly by 7%, settling at $575 million.

The token’s strong momentum suggested continued investor interest, despite the slight dip in trading activity.

Bonk [BONK]

Bonk [BONK] started the week trading at $0.00002544 and quickly gained upward momentum, breaking past critical resistance levels.

By week’s end, BONK had peaked near $0.00004743, securing its position as the third-largest gainer with a 123% increase.

Bonk price trend

Source: TradingView

As of press time, BONK was trading at $0.00005139, up almost 8%. Its RSI has remained in overbought territory, sitting at 85.4.

BONK’s market capitalization has risen by 28% to approximately $3.4 billion, while its trading volume has increased by 43%, reaching $2.4 billion. These metrics reflected strong market interest.

Top 1,000 gainers

Among the broader market, First Convicted Racoon [FRED] led the top 1,000 gainers, with a staggering 3,120% increase. It was followed by Act I The AI Prophecy [ACT] with a 2,771% gain, and Dasha [VVAIFU] with a 2,623% increase.

Biggest losers

Helium [HNT]

HNT struggled to maintain its momentum, starting the week at $6.66. After consecutive declines, the token settled within a tight range of $5.80 to $6.00, reflecting subdued market activity.

Despite a slight recovery attempt, Helium closed the week at $6.13, marking a 13% decline, making it the week’s biggest loser.

Helium price trend

Source: TradingView

HNT’s market capitalization was approximately $1 billion at the time of writing, with a trading volume of $15 million. While the MACD showed potential for a bullish crossover, the RSI at 47 indicated neutral momentum.

HNT must reclaim the $6.57 resistance level, represented by the 200-day moving average, to regain its footing.

 Artificial Super Intelligence Alliance [FET]

Artificial Super Intelligence Alliance [FET] began the week at $1.44, reaching a high of $1.58 before retreating to $1.30 by the week’s end.

Despite a 3% rally during the week, FET ultimately recorded a 12.6% decline, securing its position as the second-biggest loser.

This decline reflected the challenges faced by FET amidst broader market fluctuations, as investors balanced optimism with caution.

Lido DAO [LDO]

Lido DAO [LDO] saw a weekly decline of 12.5%. LDO started the week at $1.28, saw a modest increase, and ended the week at $1.21. Although was at $1.10 at press time, LDO remains a closely watched asset.

LDO’s market capitalization has dropped slightly to approximately $1 billion, while its trading volume has increased by 26% to $176 million.

This divergence between price and volume indicates heightened trading activity despite the declining price.

Top 1,000 losers

Among the top 1,000 tokens, Acet [ACT] suffered the most significant loss with a 54% decline. Wexo [WEXO] followed with a 53% drop, and PAAL AI [PAAL] rounded out the top three losers with a 52% decrease.

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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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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