Crypto market’s weekly winners and losers – BONK, SUI, STRK, TAO

Core, Bonk, and Sui had the biggest gains in the past week.
Starknet, Nervos Network, and Bittensor were the biggest losers for the week.

Last week saw Bitcoin‘s [BTC] halving take center stage, yet an intriguing tale unfolded for the top performers and underperformers of the week.

In the group of victors, a significant element named Core held a pivotal position. On the other hand, in the losing team, an element named Nervos ranked amongst the biggest disappointments.

Biggest winners

Core

In the last few weeks, CORE has shown strong performance. However, it particularly shone in the most recent weekly leaderboard.

Based on CoinMarketCap’s data, the price increased by approximately 54% within the last week, exceeding $2.

According to AMBCrypto, CORE started the week priced around $1.3. Throughout the following days, its price steadily rose and peaked at approximately $2.7 by April 16th.

The price had reached approximately $2.1 by the close of the week, which represented a noteworthy rise of almost $1 compared to the opening figure.

A deeper look reveals that CORE experienced a trade price hike of over 5%, while its market value surpassed $1.9 billion during this period.

Bonk

In the last 24 hours, meme coins have experienced significant growth and currently hold the highest value among all assets during this period.

According to CoinMarketCap’s latest update, it is only Bonk (BONK) that has experienced substantial growth, placing it among the leading three weekly price increase contenders.

Over the last week, Bonk saw a significant jump in growth, amounting to nearly one-third more, ranking it as the second most successful contender.

The value of Bonk began the week around $0.000015 on the 1st of April. Its price then gradually decreased until it reached approximately $0.000019 by the 20th of the same month.

Currently, as I pen this down, BONK‘s price is on an upward trend, with CoinMarketCap reporting a remarkable 40% increase in market capitalization within the past 24 hours. This growth has pushed BONK’s market value over the $1.3 billion mark.

Sui

“SUI ranked among the top three with the greatest price increase of more than 24.7% during the week.”

Examining SUI‘s daily chart more closely, we noticed a string of successive gains each day last week. The ascending trendline underlined this pattern, underscoring the persistent price rise.

Starting the week around $1.2, SUI concluded with a price exceeding $1.4 by week’s end.

Currently, there’s been a drop of approximately 1% in its value to around $1.4 as I pen this down. Although it saw significant growth during the previous week, it hasn’t fully shifted into a bull market yet.

The RSI value of SUI suggested it was still in a downtrend, below the neutral line, at the point of reporting. Simultaneously, its market capitalization exceeded $1.8 billion.

Biggest losers

Starknet

Starknet [STRK] emerged as the week’s biggest loser based on CMC data. Reviewing the daily timeframe chart, STRK started the week with a gain of over 4%, trading at approximately $1.48.

Despite the rise, the value continued to decrease after that point. By the 20th of April, it had climbed more than 12% and reached approximately $1.35 by the week’s end. Yet, this gain was not enough to make up for previous losses.

At the time of this writing, it was trading near $1.34, marking a decline of less than 1%.

A look at the Relative Strength Index (RSI) revealed a reading under 35 when this message was composed, suggesting a powerful downtrend. It’s worth mentioning that there was a significant 12% increase on the 20th of April, which moved it out of the oversold territory.

At the time of writing, its market capitalization stood at $980.9 million.

Nervos Network

According to CoinMarketCap, Nervos Network (CKB) suffered the second-largest weekly decrease, amounting to more than 9.6%.

The price started at approximately $0.025 early in the week, but then dropped significantly.

The price reached roughly $0.028 on the 15th of April, but then it started going downhill and by the end of the week, it had dropped to about $0.022.

Currently, the price is roughly $0.021, and there have been signs of a price increase within the past few hours according to recent data. Furthermore, the market capitalization amounts to around $939 million as of now.

Bittensor

Based on data from CoinMarketCap, Bittorent’s TAO token saw one of the greatest drops last week. The token experienced a decline of 5.65%, resulting in a closing price of $479.03 for weekly trading.

Taking a detailed look at its pattern, the beginning of the week brought encouraging signs as prices approached $592. But then, a turn for the worse occurred, resulting in a final price of approximately $479 by the end of the week.

Currently, the price is around $476 on the markets. The total value of the company was more than 3.1 billion dollars according to the most recent data.

Conclusion

Each week, I’ll summarize which stocks experienced significant gains or losses. Remember, markets can be unpredictable with prices potentially fluctuating quickly.

Thus, it is best to do your own research (DYOR) before making any investment decisions.

2024-04-21 22:16