Crypto market’s weekly winners and losers – AAVE, RUNE, WIF, BRETT

Helium, Aave and THORChain were the biggest winners of the past week.
Dogwifhat, Brett, and Mantra had the biggest losses of the past week.

After carefully analyzing the market trends over the past week, it seems that RUNE experienced a decline in trading volume, indicating a slowdown in buying activity and potentially a period of consolidation. However, the positive movement in its market cap suggests that there remains strong interest in the token despite the tapering off of trading activity.

Once more, Helium [HNT] has found itself among the leading prizes in the top two categories – a feat it’s achieved twice this month, demonstrating its consistent excellence.

On the contrary, Dogwifhat (WIF) concluded the week as the most significant decliner, underscoring the market’s volatile nature.

It’s worth noting that not a single meme coin made it into the list of top performers for the last week, indicating a significant change in market trends.

Biggest winners

Helium [HNT]

Last week saw HNT take the top spot, building on its strong performance from the previous week where it placed second.

Based on information from CoinMarketCap, Helium Network Token (HNT) experienced a notable rise of approximately 19.5% in the last seven days, demonstrating robust growth.

According to AMBCrypto’s examination of Helium’s daily chart trends, the currency experienced a substantial 8% drop at the start of the week, causing its value to dip from approximately $6.6 to $6.0.

On the next day, Helium experienced a significant jump of around 14%, causing its value to approximate $6.9.

Despite the ups and downs the token went through during the week, it ultimately finished strong, surging by another 14%, wrapping up at approximately $7.6.

Crypto market’s weekly winners and losers – AAVE, RUNE, WIF, BRETT

At the point in question, Heavy Neutrino Token (HNT) appeared to be in a robust upward trend, as suggested by its Relative Strength Index (RSI) hovering approximately at 70, indicating overbought conditions.

The trend also suggested that the asset was in the overbought territory.

Currently, the robust purchasing activity has propelled Helium’s market value beyond 1.2 billion dollars, and trade volumes surpassing $24.5 million at the present time.

Aave[AAVE]

Last week, AAVE, which had been among the losing cryptocurrencies the week prior, experienced a strong resurgence and ended up as the second-largest gainer of the week.

According to data from CoinMarketCap, AAVE gained nearly 18% over the past week.

AMBCrypto’s look at AAVE’s price trend revealed that it began the week trading at around $94.

The value of the token showed a significant surge upwards during the entire week, causing its cost to reach around $111 by Friday.

Notably, AAVE reached as high as $115 during the week before settling back to around $111.

Currently, the market value of AAVE stands at more than $1.6 billion, and its daily trading volume surpasses $131 million.

Keep in mind that over the past 24 hours, there’s been a decrease in both market capitalization and trading volume. This might suggest some investors are taking profits or the market is experiencing a short-term cool down following its recent surge.

In summary, the strong advancements in AAVE demonstrate its ability to withstand adversity and spark renewed attention from investors, after a time marked by difficulty.

THORChain [RUNE]

As an analyst, I’ve observed a significant surge in value for THORChain [RUNE], making it one of the top performers this week. In my analysis, RUNE has experienced a substantial price increase of over 17.8%, as reported by CoinMarketCap.

As a crypto investor, I noticed that RUNE opened the week at approximately $3.4. It initially dipped, but as the days progressed, the token’s value started to rebound. By the close of the week, I found myself in a position where I was considering selling, as the price had almost touched $4.

Currently, RUNE is hovering slightly below at about $3.9. However, despite this temporary dip, its market cap has experienced a significant jump of approximately 7% within the past day, pushing it above $1.3 billion.

However, trading volume decreased by over 10% in the same period, currently at over $150 million.

As an analyst, I’ve noticed a decrease in trading volume lately with RUNE. This could imply that the intense buying spree from earlier in the week has subsided, possibly heralding a phase of consolidation for RUNE, where prices may stabilize before resuming their upward or downward trend.

A rise in its total market value suggests that investors remain engaged with the token, despite a decrease in trading volume.

Biggest losers

Dogwifhat [WIF]

As a researcher, I encountered a particularly tough week with Dogecoin (DOGE), as it experienced a significant drop exceeding 23.8%. This information was derived from the latest data provided by CoinMarketCap.

According to AMBCrypto’s examination, WIF showed a steady downward trend for much of the previous week.

The week began with a steep 10.25% drop, bringing its price down to approximately $1.62.

Despite WIF experiencing a temporary surge the following day, rising by 5% to approximately $1.7, this upward trend did not last long.

Over the course of four straight days, my crypto investment, represented by the WIF token, took a downturn. However, there was a slight glimmer of hope on the last day, with a 1.94% rise. Yet, even with this minor uptick, the token was only trading at roughly $1.4 by the end of the week.

Crypto market’s weekly winners and losers – AAVE, RUNE, WIF, BRETT

Examining the trend of WIF‘s Relative Strength Index (RSI), we notice it falls below the 40 threshold, suggesting a downward or ‘bearish’ market trend, and also indicating that it has moved into the oversold territory.

The intense selling activity, coupled with minimal purchasing enthusiasm, led to a substantial weekly decline for it.

Currently, the market value of dogwifhat stands approximately at 1.4 billion dollars, while its daily trading volume surpasses 226 million.

Brett [BRETT]

Over the last week, Brett (BRETT) experienced a substantial drop of more than 20.6%, placing it as the second-largest loser, based on recent data from CoinMarketCap.

According to AMBCrypto’s analysis, Brett’s price trajectory indicates it started the week approximately at $0.099. However, over the course of the week, there was a noticeable slide in its value.

Initially, the value of the token dropped at the beginning of the week and persisted in decreasing throughout, concluding the week around $0.079. The steady downward trend indicates a predominantly bearish outlook for BRETT.

Moreover, it’s worth noting that BRETT‘s market capitalization and trade volume have dropped within the past 24 hours. Currently, its market cap stands above $786 million, while its trading volume hovers around $18 million.

MANTRA [OM]

As an analyst, I observed that my portfolio holding, MANTRA [OM], ranked among the top three with the most significant losses over the past week. The decline amounted to more than 16% based on the latest market data provided by CoinMarketCap.

Initially, the value of the token was roughly $1 on Monday. However, its price gradually decreased over the course of the week, eventually settling at about $0.9 by Friday.

A decline in market capitalization and trading volume accompanied this downward trend in price.

At the moment I’m reporting, MANTRA’s market capitalization stands above $753 million. However, within the past 24 hours, there’s been a decline of more than 1%. Additionally, the trading volume has noticeably decreased by over 20%, currently exceeding $15 million.

Conclusion

Below you’ll find a summary of this week’s top performers (gainers) and underperformers (losers). Keep in mind that markets are unpredictable, with prices often changing swiftly due to various factors.

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

2024-08-18 22:17