Crypto market’s weekly winners and losers – NEIRO, SUI, FTT, KAS

As a seasoned analyst with over a decade of experience navigating the tumultuous crypto market, I can confidently say that this past week was nothing short of exhilarating. The performance of the top cryptocurrencies has been nothing less than captivating, with First Neiro On Ethereum [NEIRO] leading the pack as the undisputed champion among the big gainers.

Over the past seven days, I’ve witnessed considerable fluctuations in the cryptocurrency market. Some digital assets have shown remarkable growth, while others have experienced steep declines.

Out of the highly successful digital currencies, First Neiro on Ethereum (NEIRO) stood out as the largest percentage increaser, boasting a surge exceeding 100% in value.

Meanwhile, FTX Token [FTT] and Kaspa [KAS] led the losers, experiencing notable declines.

Biggest gainers

First Neiro On Ethereum [NEIRO]

During the past week, Neiro on Ethereum (NEIRO) stood out as the top performer among the leading 100 digital currencies, with a substantial increase in value. Initially priced at $0.00096, NEIRO experienced a noticeable price hike, concluding the week at $0.002.

As reported by CoinMarketCap, NEIRO saw a significant increase of more than 112% within the last week. This surge boosted its total market value to approximately $840 million, placing it at number 76 in terms of market capitalization among all cryptocurrencies.

Nevertheless, over the past 24 hours, NEIRO‘s trading volume has dropped approximately 30%, now standing at about $583 million.

Mog Coin [MOG]

In simple terms, the digital currency known as Mog Coin [MOG] has climbed to the number two spot among this week’s top performers, boosting its value by approximately 33% in just seven days.

Over the past week, I’ve witnessed my crypto asset’s value oscillate quite a bit. It began trading at a mere 0.0000014, but dipped slightly to 0.0000013 during one of its fluctuations. However, by the end of the seven days, it had bounced back and was sitting at 0.00000186.

Despite a 5% decrease in its volume, the market capitalization for Mog Coins surged more than 3%, hitting an impressive figure of about $734 million. The trading volume hovered around $25.8 million during this period.

Sui [SUI]

Sui [SUI] also made headlines as one of the top performers.

Last week saw a significant 29% rise in the value of the token, an interesting development considering it recently held a token unlock event on October 1st, distributing around 64.19 million SUI tokens valued at roughly $114.27 million.

Crypto market’s weekly winners and losers – NEIRO, SUI, FTT, KAS

Sui began the week at $1.87, steadily increasing to $2, followed by a few days of declines.

However, it ended the week on a strong note, with price gains of 12% and 9% in the last two days, bringing its price to $2.24, its all-time high.

At the current moment, the token’s trajectory suggested a robust upward momentum, as suggested by its Relative Strength Indicator (RSI) reading of 72, implying it had been excessively purchased or overbought.

Sui’s market value increased by 10% to reach a total of $6.15 billion, and its trading volume jumped by 18%, amounting to $1.1 billion.

Top 500 gainers

Across the extensive crypto landscape, one of the top 500 digital currencies, SPX, stood out as the most significant daily winner. At the moment of reporting, it had soared an impressive 308%, reaching a value of $0.89.

Apu Apustaja (APU) experienced an impressive 144% surge, currently valued at $0.00096. Among the notable gainers, we find HarryPotterObamaSonic10Inu, which soared by 119% and is now being traded at $0.3.

Biggest Losers

FTX Token [FTT]

The biggest loser of the week was FTX Token (FTT), which continues to suffer from the fallout of the collapsed exchange FTX.

During the past week, FTX Token experienced a substantial drop of more than 20%, starting at $2.528 and ending the week at $2.05. At present, this token is involved in bankruptcy proceedings, leaving its future prospects unclear.

Despite its loss, traders remain active, with 26.24 million in trading volume. This represented a 26% decline in volume over the past 24 hours. FTT’s market capitalization was $678 million at press time.

Kaspa [KAS]

Additionally, the digital coin Kaspa (KAS) faced a challenging week, as its value dipped from $0.14 down to $0.13, representing a decrease of approximately 9%.

Currently, Kaspa boasts a market cap of about $3.3 billion, and its daily trading volume is roughly $36 million.

Wormhole [W]

Wormhole [W] completed the list of the biggest losers. W started the week at $0.34, with a small 0.5% increase, but experienced significant declines throughout the week.

By the end of the week, Wormhole was trading at $0.32, representing an 8% loss.

Crypto market’s weekly winners and losers – NEIRO, SUI, FTT, KAS

Wormhole held a market capitalization of $815 million, with a trading volume of $57 million.

Top 500 losers

As a researcher examining the crypto market, I’ve noticed an interesting trend: Among the top 500 cryptocurrencies, my focus has been on PepeCoin [PEPECOIN] and LCX [LCX]. Unfortunately, it seems that PepeCoin took the hardest hit, with a staggering 35% decrease, leaving its value at approximately $2.02. On the other hand, LCX was not far behind, experiencing a 27% drop, which has now set its price at $0.133.

Civic [CVC] was the third-largest loser, seeing a 26% drop and trading at $0.15.

Conclusion

Let me share with you a summary of this week’s top performers and underperformers in the cryptocurrency market. Keep in mind that due to its inherent volatility, crypto market prices may change quickly.

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

2024-10-13 22:16