Crypto market’s weekly winners and losers – NOT, MANTRA, FTM, PENDLE

ORDI

As a seasoned crypto investor with years of experience under my belt, I’ve seen my fair share of market fluctuations and trends. Last week was an interesting one, with Mantra (OM), MultiversX (EGLD), and Notcoin (NOT) emerging as the biggest winners, while ORDI, Pendle (PENDLE), and Fantom (FTM) ended up as the biggest losers.

Over the last week, Mantra has ruled the top performers in the market, showcasing robust gains. On the other hand, Pendle has faced challenges, continuing its losing streak and appearing on the list of the worst performers for the second week in a row.

Biggest winners

Mantra (OM)

Amidst a weak cryptocurrency market marked by widespread losses over the past week, MANTRA (OM) bucked the trend and registered a noteworthy increase in value.

Based on data from CoinMarketCap, OM experienced a significant increase of 25.05% over the past seven days, making it the leading gainer among cryptocurrencies. The price trend indicated that OM began the week priced around $0.7, but its value steadily rose throughout the week.

Although the stock took a brief dip below its opening price during the week, it ended the trading period above the $0.8 mark.

At the start of the new week, OM‘s price hovered near $0.9 in trading, reflecting its persistent climb. The market value of this asset has swelled substantially to exceed $765 million, representing an impressive 8% growth within the past day.

However, its trading volume has decreased by over 20%, now at approximately 32.3 million.

MultiversX (EGLD)

By the close of last week, MultiversX (EGLD) emerged as the second-best performer among cryptocurrencies, according to CoinMarketCap’s data, registering a noteworthy gain of approximately 20.7%.

The price analysis showed that EGLD opened the week around $28.8 and ended up close to $35, with some price changes in between. The asset exhibited a predominantly upward trajectory over the course of the week, outweighing any downtrends.

The price of EGLD displayed pronounced increases, a distinctive trait in its weekly market behavior. Currently, it is being exchanged for approximately $34.1.

EGLD’s market capitalization surpassed $927 million, marking a 2% growth in the past day. Nevertheless, it’s worth mentioning that the trading volume took a substantial hit, plummeting by almost half to around $34 million.

Notcoin (NOT)

As a crypto investor, I’ve noticed an intriguing development in the weekly gainers’ chart. Notcoin (NOT) has emerged as the new contender, taking the second spot right behind MultiversX. Initially, NOT posted modest single-digit percentage gains.

The price analysis of NOT uncovered a nearly 6% rise at the beginning of the week, placing it around $0.014. Yet, this cryptocurrency encountered a string of losses in subsequent trading sessions, resulting in a significant decrease of over 9% by July 5th. Conclusively, its price closed that day approximately at $0.010.

In spite of the early-week losses, Noteworthy Token experienced a significant rebound towards the end, resulting in a remarkable gain of approximately 28.61%. This impressive surge brought NOT back into the profitable category and ended the week at roughly $0.013.

Crypto market’s weekly winners and losers – NOT, MANTRA, FTM, PENDLE

At present, NOT was priced at approximately $0.014 for this update, representing a gain of over 15% compared to before. This surge is also associated with a substantial boost in trading action, resulting in a volume jump of over 150% within the last 24 hours, exceeding 877 million.

Additionally, the market value of this asset has risen by more than 44% and now exceeds $1.5 billion. It is the sole top performer among assets in the $1 billion market cap bracket.

Biggest losers

ORDI (ORDI)

Last week, there was a substantial drop in ORDI‘s performance, making it the biggest loser among all cryptocurrencies, with a fall of 23.26%, as reported by CoinMarketCap.

The data indicated that ORDI‘s price started at around $38 during the initial days of the week but showed a steady decline thereafter. The most significant decrease in value took place around the 5th of July, causing its price to tumble from roughly $32 down to nearly $27.

Although ORDI experienced some improvement towards the end of the week, its closing price of approximately $30.7 failed to lift it out of the group of underperforming stocks. At present, it remains confined to the $30 price range in the markets.

With a surge of approximately 4.1%, the market capitalization of ORDI now exceeds $630 million, indicating a notable influx of buyers in spite of previous price declines.

However, trading volume has decreased significantly by over 28% to around $124.3 million.

Pendle (PENDLE)

This week, PENDLE experienced its second straight week of substantial losses in the market, registering a 22.45% decrease which ranked as the second largest decline among all the stocks.

As an analyst looking at the data, I’ve observed that PENDLE began the week with a value roughly around $5. At first, it made some modest efforts to increase its value.

Despite an initial promise, the price took a turn for the worse and continued to drop during the week, ending around $4.

As the new week begins, PENDLE’s price has decreased to around $3.8.

As a crypto investor, I’ve noticed an intriguing turn of events despite the persistent price drop. The market capitalization, to my surprise, has witnessed a slight uptick and now hovers above $592 million. This represents a growth of more than 1% within the last 24 hours.

Trading volume for PENDLE stands at around $65 million, which has decreased by almost 10%.

Fantom (FTM)

As a crypto investor, I’ve been closely monitoring Fantom (FTM) on a daily basis over the past week. To my observation, the token started off strong, trading around $0.58 at the beginning of the period. Surprisingly, it recorded an impressive 8.80% gain throughout this time frame.

As a researcher examining the data, I’ve noticed that the asset encountered notable challenges on the third and fourth of July. Specifically, it endured decreases of 14.71% and 11.53%, respectively, which caused its value to dip around $0.44.

Near the close of the workweek, FTM experienced a slight rebound, gaining 6.41% and reaching approximately $0.45 in value. Yet, this improvement fell short of making up for the previous declines.

Crypto market’s weekly winners and losers – NOT, MANTRA, FTM, PENDLE

Based on data from CoinMarketCap, Fantom experienced the third-largest price drop during the week, amounting to a total loss of 20.95%.

The company’s market value was approximately $1.2 billion, signifying a decrease in worth. Additionally, the amount of trading activity was down to around $118.6 million, suggesting fewer transactions were taking place.

2024-07-07 22:16