- Pepe, Floki, and Shiba Inu had the biggest gains of the week.
- Kaspa, Bitcoin Cash, and Bitget Token were the biggest losers for the week.
Once again, meme coins have demonstrated their profitability by yielding significant gains for yet another week.
However, while Bitcoin [BTC] continued to reach new all-time highs, its fork failed to replicate the same success.
Additionally, Bitget Token struggled to recover from the losses of the previous week, and Kaspa emerged as a notable loser.
Biggest winners
Pepe
Pepe [PEPE] has emerged as the king of meme coins and the top gainer of the week, as per CoinMarketCap. The asset showcased a remarkable gain of nearly 123% over the past seven days.
A closer look at the price trend showed a strong start to the week with a 35.39% surge. Its second significant surge occurred on the 8 of March, boasting a 32.31% increase.
Despite encountering declines on some days, these setbacks were unable to overshadow the overall gains for the week.
Source: Trading View
At the time of this writing, Pepe was trading with approximately a 2.6% increase, rebounding from a 2.7% decline at the end of the previous week.
Furthermore, CoinMarketCap data showed that at the beginning of the week, PEPE’s market cap was around $3.2 billion. However, by the week’s end, the market cap had surged to over $3.7 billion.
Floki Inu
Floki Inu emerged as the second-largest winner of the week, boasting an over 80% increase, according to CoinMarketCap.
AMBCrypto’s analysis of FLOKI’s price trend showed that the week started with a gain on the 3rd of March, trading at about $0.00014.
Despite concurrent declines in the following days, the significant breakthrough occurred on the 8th of March when its price surged by 66.35%, reaching around $0.0002.
This surge was particularly notable as it marked the first time in its history that it experienced such a substantial increase.
At the time of this writing, Floki Inu was trading with a decline of less than 1%, and its market cap was almost $2.3 billion.
Shiba Inu
Shiba Inu [SHIB] secured the third position as the most significant gainer of the week, boasting a gain of 62.50%, as reported by CoinMarketCap.
AMBCrypto’s analysis of SHIB revealed that among the leading meme coins for the week, it held the highest market capitalization, exceeding $20.6 billion at the time of this writing.
Price analysis indicates that Shiba Inu experienced gains on only two out of the seven days of the week.
However, these gains were so substantial that they overshadowed any losses. Notably, on the 4th of March, SHIB surged by 59.67%, and it also witnessed an over 11% increase on the 8th of March.
Biggest losers
Kaspa
Kaspa [KAS] experienced the most substantial loss in the past week, with a decline of 10.45%, as reported by CoinMarketCap. The price analysis showed that the week started at around $0.15.
For the majority of the week, it depreciated, reaching as low as $0.14. By the week’s conclusion, the price settled at about $0.14.
The accompanying chart showed an increase in volume throughout the week, starting at around $63 million and rising to over $100 million.
Despite the volume increase, the price decline suggests that sellers predominantly influenced the market. At the time of this writing, the volume was around $88 million, with the price at about $0.15.
Bitcoin Cash
Bitcoin has been enjoying a bullish trend in recent weeks, but Bitcoin Cash [BCH] shares only the name with BTC and not the trend.
According to CoinMarketCap, Bitcoin Cash experienced the second-highest loss for the week, with a decline of 9.41%.
AMBCrypto’s analysis of its price trend showed that the week started with a more than 6% price drop, with BCH trading at about $471.
Source: Trading View
A more significant decline occurred on the 5th of March, with a drop of over 15%, bringing its price down to around $401.
Although there were attempts at recovery in the following days, the losses at the end of the week kept its price at around $433.
At the time of this writing, its market cap was $8.6 billion, with a 24-hour volume of over $523 million.
Bitget Token
Bitget Token [BGB] made another appearance among the major losers of the week for the second time, as per CoinMarketCap data.
BGB experienced an almost 8% decline in the past week, earning it the position of the third-biggest loser.
AMBCrypto’s analysis of its price trend showed that the week started at around $0.92, displaying mixed trends throughout the week. However, by the week’s end, it had declined to about $0.8.
Additionally, at the time of this writing, its market cap was about $1.2 billion, with a 24-hour volume of $35 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, it is best to do your own research (DYOR) before making any investment decisions.
