Crypto market’s weekly winners and losers – GIX, WLD, STRK, DYM

• JasmyCoin, SingularityNET, and Worldcoin had the biggest wins of the week.
• Starknet, Dymension, and SATS were the biggest losers of the week.

During the past week, tokens related to artificial intelligence experienced a rally prompted by the latest developments from OpenAI.

Notably, Uniswap’s [UNI] decision to distribute fees to holders also resulted in substantial gains for the token.

Alongside this, Starknet made efforts to address concerns regarding their airdrop, which had faced criticism, causing its price to fall.

Below is AMBCrypto’s compilation of the most notable winners and losers from the 18th to the 24th of February.

Winners

JasmyCoin

Analysis of CoinMarketCap data showed that JasmyCoin [JASMY] emerged as the week’s biggest winner, boasting an impressive gain of 180.51%.

The coin had started the last week at around $0.006, while its volume remained below $50 million. 

Subsequently, its price experienced a surge, reaching a peak of over $0.018 on the 22nd of February. Concurrently, its daily volume skyrocketed to $1.58 billion.

By the week’s conclusion, it settled at over $0.016 after a slight decline, with its volume dropping below $700 million.

At the time of this writing, it was trading at approximately $0.017, with a market cap nearing $860 million.

SingularityNet

SingularityNET [AGIX] secured the position as the second-largest winner of the week, recording an impressive increase of over 67%.

An analysis of its price trend on CoinMarketCap indicated that the week began with a loss, with a price of $0.462.

However, a positive trend commenced on the 19th of February, and its most significant surge occurred between the 21st and the 22nd of February, when it soared from around $0.5 to about $0.7. 

Notably, at a certain point during the week, its price surpassed $0.8, marking its highest range. As the week concluded, its price stood at around $0.73.

At the time of this writing, its price was close to $0.8, with a market cap of over $991 million.

Worldcoin

Worldcoin [WLD] was one of the assets that benefitted from last week’s OpenAI development. It experienced significant gains, surging by close to 66%, securing its position as the third-highest gainer.

A daily timeframe analysis of WLD revealed an impressive 85% increase throughout the week. The chart showed notable surges of 25.8% on 18 February and 29.6% on the 19th of February. 

Source: Trading View

It started the week at around $5.8 and ended at around $8.1. The end-of-the-week price trend showed a marginal loss of less than 1%.

At the time of this writing, it was trading at over $9, reflecting an increase of more than 10%.

Additionally, it resided in the overbought zone, with its Relative Strength Index surpassing 85. Currently, its market cap is over $1.2 billion.

Biggest Losers

Starknet

Starknet’s [STRK] price trend commenced strongly at a value exceeding $2 upon listing on major exchanges.

Subsequently, the chart indicated a decline, and by the week’s end, it was trading at about $1.9, marking a 1.44% decrease and accumulating a substantial 19.52% loss for the week.

According to CoinMarketCap’s data, this positioned STRK as the most significant loser of the week. 

Source: Trading View

At the time of this writing, STRK was trading at around $1.9, reflecting a marginal 0.27% gain, with a market capitalization surpassing $1.3 billion.

The Starknet team faced criticism initially for their proposed unlock schedule but later amended it, introducing a more gradual unlocking approach.

Dymension

Dymension [DYM] emerged as the second-largest weekly loser, with a decline exceeding 14%, as per CoinMarketCap data.

Examination of the DYM price movement showed it started the week at around the $7.5 price range.

Nonetheless, a decline ensued over the week, concluding with a price reduction to around $6.3 by the week’s end.

At the time of this writing, it continued to trade within the $6.3 price range, and its market capitalization was over $925 million.

SATS

An evaluation of SAT [1000SATS] showed an initially positive trajectory at the beginning of the week, only to conclude the week as the third-largest loser.

CoinMarketCap data showed that it incurred a loss of 10.78% by week’s end. 

SAT commenced the week with a trading value of about $0.00053 but experienced a decline to about $0.00048 by the week’s conclusion.

At the time of this writing, it was trading at around $0.00047, maintaining a market capitalization of over $980 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.