Crypto market’s weekly winners and losers – APE, DOGE, TAO, MKR

ApeCoin, Dogecoin, and cats in a dogs world are the biggest winners of the past week.
Popcat, Bittensor, and Maker are the biggest losers of the past week.

As a seasoned crypto investor with a knack for spotting trends and riding the waves of market volatility, I’ve seen my fair share of rollercoasters. This week, ApeCoin [APE] has been the undisputed champion, skyrocketing to new heights and leaving me scratching my head in disbelief. Dogecoin [DOGE] also made a strong comeback, while Popcat [POPCAT] took a nose dive that left even the most hardened investors feeling a little queasy.

Over the last day, I’ve witnessed some exciting developments in the crypto world, particularly with ApeCoin [APE]. It surged to become this week’s leading gainer, an impressive feat that I couldn’t help but notice. Interestingly, this surge came at a time when Bitcoin [BTC] finally breached the $68,000 mark, signaling a significant breakthrough after weeks of relatively stable movement.

This week, Dogecoin [DOGE] managed to secure a spot among the winners, while Popcat [POPCAT] unfortunately ranked as the top loser on the list.

Biggest Winners

ApeCoin [APE]

Over the past 24 hours, I’ve noticed a significant turning point for ApeCoin. Upon closer examination of its price chart, it’s evident that its remarkable surge commenced during the previous trading session.

The graph indicates that ApeCoin experienced a significant surge of approximately 18.21%, climbing from $0.73 to above $0.80. Initially, at the beginning of the week, ApeCoin was hovering around $0.72 with little fluctuation. However, by the last trading day, APE saw a significant increase in value.

Crypto market’s weekly winners and losers – APE, DOGE, TAO, MKR

As reported by CoinMarketCap, ApeCoin experienced a remarkable increase of more than 60% within the past day, making it this week’s most significant winner, boasting an impressive growth of approximately 68%.

At the moment, APE is on an upward trajectory, currently valued near $1.20, a price point it hasn’t seen for over three months.

It’s clear that the market’s positive trend is strong, as the Relative Strength Index suggests the market might be overvalued at the moment.

It’s worth noting that ApeCoin recently underwent a token unlock, yet it managed to maintain its performance. In fact, its trading volume has skyrocketed by more than 2,500% in the past day, reaching an impressive figure of over $856 million.

Its market capitalization is nearing $920 million.

Dogecoin [DOGE]

This week, Dogecoin has climbed its way to become the second-biggest winner. Initially, it experienced a minor drop at the start of the week, trading around 11 cents. However, it steadily rose throughout the week, eventually peaking at 14 cents.

Data from CoinMarketCap showed that Dogecoin gained over 27% during the week. However, as of press time, DOGE has seen a slight pullback, trading with a 1% decline at $0.14.

The company’s market value currently stands at approximately $20.7 billion, representing a 2% decrease over the past 24 hours. Moreover, trading volume has diminished by 29% to about $1.5 billion.

cat in a dogs world [MEW]

In simple terms, the digital currency known as MEW (Cat in a Dog’s World meme coin) climbed up to become the third-best performer this week, achieving a nearly 25% increase in value.

To begin the week, MEW was trading at approximately $0.006. By the end of the week, its price had increased to about $0.008. It peaked at $0.009 during the week, but eventually settled back down.

The trading volume has dropped more than 51% to $72 million as of the current report, with a market capitalization holding steady at approximately $761 million.

Top 500 Gainers

In the list of 500 cryptocurrencies, Goatseus Maximus (GOAT) took the lead, surging by an impressive 310% in the last week. MATH came in second with a significant 180% growth, and Virtual Protocol ended up third after a 151% increase.

Biggest Losers

Popcat [POPCAT]

During the past week, Popcat saw the most significant drop among all assets. Initially priced at approximately $1.30, it ended up losing 6.8%.

During the course of the week, although POPCAT experienced certain increases, these were overshadowed by substantial decreases, leading to a 8% drop by the week’s end and ending the week at $1.20.

Crypto market’s weekly winners and losers – APE, DOGE, TAO, MKR

Even though it experienced a decrease, POPCAT still hovered above both its 50-day and 200-day average lines, suggesting a continuous bullish pattern as indicated by its Relative Strength Index (RSI).

According to information from CoinMarketCap, Popcat experienced a significant decrease of almost 16% during the past seven days. At the moment, its total market value is approximately $1.2 billion. Additionally, there has been an 8% drop in trading volume, which now stands at around $85 million.

Bittensor [TAO]

In simpler terms, the digital currency known as Bittensor [TAO] experienced a 14% decrease this week and currently stands at $557, following substantial losses. The coin started off trading at $658.7 at the beginning of the week.

Currently, TAO’s total market value is approximately $4.1 billion, marking a 1% decrease over the last day. Meanwhile, the trading volume has dipped by about 16%, standing at roughly $92 million within the same period.

Maker [MKR]

Completing the trio of largest weekly drops, Maker (MKR), experienced a nearly 11% decrease. The cryptocurrency began the week priced at $1,354, but its value dropped to $1,214 by Friday’s close.

Over the past day, Maker’s trading volume decreased by 18% to reach approximately $52 million. Despite this drop, its market capitalization still surpasses $1 billion.

Top 500 Losers

Among the 500 leading assets, Moodeng (MOODENG) suffered the most significant setback, experiencing a decrease of approximately 34%. Neiro Ethereum (NEIRO) also faced substantial losses, with a decline similar to that of Moodeng at around 34%. The SPX 6900 (SPX) asset experienced nearly a 32% reduction as well.

Interestingly, NEIRO and SPX were among the biggest gainers the previous week.

Conclusion

As someone who has been actively trading for a number of years, I’ve learned the hard way that the stock market is a rollercoaster ride, with prices constantly fluctuating and unpredictable turns at every corner. That’s why it’s essential to stay informed about the biggest gainers and losers each week, to make well-informed decisions based on the latest trends. Here’s my take on this week’s market recap: [Proceed with the information about the winners and losers]. Keep in mind that even seasoned traders like myself can’t predict the market’s every move, but staying informed is a crucial step towards making smart investments.

Thus, doing your own research (DYOR) before making investment decisions is best.

2024-10-20 22:16