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Crypto market’s weekly winners and losers – RAY, DOGE, IMX, MEW

4min Read

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

Crypto market's weekly winners and losers – RAY, DOGE, IMX, MEW

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  • Raydium, Dogecoin, and Mantra are the biggest winners of the week.
  • Immutable X, cats in a dogs world, and Helium had the biggest loss of the week.

Raydium has continued its positive momentum for the second consecutive week, leading the crypto weekly winners’ chart. Meanwhile, cats in a dogs world has taken a downturn, joining the losing side alongside Immutable X, which remains in its downward trend.

Biggest winners

Raydium [RAY]

Raydium [RAY] started the week strong, showing a significant price increase. Beginning the week with a 14% spike around $3.4, Raydium ended with an overall gain of over 5%, bringing its price to nearly $3.6.

Currently trading around $3.49 after a slight pullback of 2.81%, RAY is exhibiting a bullish trend, supported by its position above both the 50-day moving average ($2.13) and the 200-day moving average ($1.83). 

Raydium price trend

Source: TradingView

A recent “golden cross” (where the 50-day MA crosses above the 200-day MA) further confirms this bullish sentiment. The MACD continues to reflect positive momentum, with the MACD line remaining above the signal line. However, the RSI at 70.35 suggests that RAY has entered the overbought territory, hinting at a possible short-term pullback.

According to CoinMarketCap data, Raydium achieved an 11% gain, securing its position as the week’s top performer.

Dogecoin [DOGE]

Dogecoin took second place among weekly gainers, posting a rise of over 9%. DOGE’s price began the week positively, rising from approximately $0.144 to over $0.17 within three days before tapering off. By the week’s end, it was trading at around $0.16, maintaining its second position among the week’s top gainers due to its strong start. 

Volume for Dogecoin has dropped by around 30% over the last 24 hours, settling at $1.5 billion. Its market capitalization has also decreased by over 6%, currently standing at $22.3 billion.

Mantra [OM]

Mantra placed as the third-biggest gainer, narrowly surpassing Maker (MKR), which posted similar gains. Data from CoinMarketCap shows OM gained over 7.3%, just edging out MKR’s 7.1% gain. OM’s weekly price trend reflects a strong beginning with an initial 16% surge, pushing the price to around $1.47.

By the week’s end, however, OM experienced a decline of about 4%, bringing it down to approximately $1.38. OM’s volume and market cap have declined, with volume falling by 46% to around $27 million and market cap slipping by 3% to about $1.2 billion.

Top 500 gainers

Among the broader top 500, Pups emerged as the largest gainer, with an impressive 2,473% rise, trading around $16.26. Retardio followed with a 45% gain at $0.16, while PepeCoin rounded out the top three with a 36% increase, trading around $2.5.

Biggest losers 

Immutable X [IMX]

Immutable X (IMX) led the weekly losses with a 16% decline, according to CoinMarketCap data. IMX started the week trading around $1.3, dropping to nearly $1 by the week’s end. 

IMX price trend

Source: TradingView

Currently trading at about $1.122, IMX saw a 5.35% recovery after a series of losses but remains below the 50-day MA ($1.502) and 200-day MA ($1.640). This positions it in a sustained bearish trend, confirmed by both moving averages trending downward. The RSI, sitting at 33.48, indicates IMX is approaching oversold territory, hinting at a potential reversal if buying interest returns. 

Speculation over a possible SEC lawsuit created fear, uncertainty, and doubt (FUD) that likely contributed to IMX’s recent losses.

Cats in dogs world [MEW]

Previously among the week’s gainers, MEW has now taken the second spot among the week’s biggest losers, with a decline of nearly 14%. 

Starting the week at around $0.010, MEW ended at $0.008 following significant losses, making it the most substantial loser among the top 100 memecoins. Volume and market capitalization for MEW have each decreased by roughly 30% and 5%, respectively, with volume at $102 million and market cap around $765 million.

Helium [HNT]

Helium recorded a 13.7% drop, placing it third among the weekly losers. HNT opened the week trading at approximately $6.7 but slipped below the $6 mark by the week’s end.

As of the latest update, HNT remains under $6, with a 5% reduction in market capitalization in the last 24 hours to about $1 billion and a 30% drop in trading volume, bringing it to around $6.5 million.

Top 500 losers

In the top 500 category, Nosana (NOS) led the losses with a 36% decline, trading around $2.8. Luna by Virtuals (LUNA) followed closely, down by almost 35%, trading at $0.11, while Goatseus Maximus (GOAT) experienced a 30% drop, trading at approximately $0.46.

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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