Crypto market’s weekly winners and losers – OM, BONK, HNT, FET

Peanut the Squirrel, Mantra, and Bonk were the biggest gainers of the past week.
Helium, Lido DAO, and Artificial Super Intelligence Alliance had the biggest losses of the past week.

As a seasoned researcher with years of experience navigating the unpredictable crypto market, I can confidently say that last week was quite an eventful one. The crypto market saw some impressive gains and significant losses, with Peanut the Squirrel [PNUT] being the undisputed champion of the week’s winners.

Last week, the cryptocurrency market experienced a significant upward trend with barely any coins losing value. This week, however, we’re seeing more losses, but remarkably, Peanut the Squirrel [PNUT] has seen a staggering increase of over 1,000%.

Despite HNT’s performance, it unfortunately fell into the category of losers, mirroring the descent of the second-largest loser quite closely.

Biggest winners

Peanut the Squirrel [PNUT]

Initially, PNUT entered the market with a humble launch costing less than $0.09. However, it didn’t take long for this token to capture attention, rapidly escalating its value to surpass $2.00 in just a few short days.

However, PNUT ended the week trading at approximately $1.59, following a 5.23% dip in the past 24 hours. Despite this, it secured the top spot among weekly gainers with a remarkable 1,400% increase.

The market value of PNUT has decreased by more than 12%, now at around $1.62 billion, following a substantial 50% decrease in trading activity over the past day, with the total volume standing at approximately $1.4 billion.

The retracement from its peak highlighted the volatility that often accompanies new market entries.

Mantra [OM]

Starting from November 10th, the cryptocurrency known as Mantra [OM] saw a significant upward trend, surging beyond its 50-day moving average which was at approximately $1.49, following a period where it had been relatively stable around $1.50.

By the week’s end, OM had surged past $2.50, marking a weekly gain of 133%, as per CoinGecko.

Trading at $3.32 at press time, OM has posted a 29.35% increase in the past 24 hours.

The market capitalization has grown nearly 47% to more than $2.8 billion, and the trading volume, although showing a minor decrease of about 7%, is now approximately $575 million.

The forceful advancement of the token indicates that investors remain interested, even as there’s a minor decrease in trading transactions.

Bonk [BONK]

Initially, the cryptocurrency Bonk (BONK) commenced the week with a value of $0.00002544, but it soon picked up speed and surged ahead, overcoming significant obstacles at key resistance points.

By Friday, BONK reached close to 0.00004743, solidifying its status as one of the top three cryptocurrencies experiencing significant growth, having risen by approximately 123%.

Crypto market’s weekly winners and losers – OM, BONK, HNT, FET

At the moment I’m analyzing, the value of BONK stands at $0.00005139, marking a nearly 8% increase. Notably, its Relative Strength Index (RSI) is holding steady in overbought territory, currently reading 85.4.

The market value of BONK has grown by around 28%, now standing at about $3.4 billion, and its trading activity has surged by 43% to hit $2.4 billion. This significant increase indicates a high level of investor attention in the market.

Top 1,000 gainers

In the wider market, First Convicted Racoon (FRED) stood out as the top performer among the thousand largest gainers, experiencing an astounding 3,120% surge. This was closely followed by Act I The AI Prophecy (ACT), which saw a significant increase of 2,771%, and Dasha (VVAIFU) with a 2,623% growth.

Biggest losers

Helium [HNT]

Initially soaring to $6.66, HNT found it challenging to keep up its pace during the week. Subsequent drops led to a narrow trading band between $5.80 and $6.00, indicating low market action as the token stabilized.

Although helium made a brief effort to recover, it ended up closing the week at $6.13, signifying a significant drop of 13%. This unfortunate dip earned it the title of the week’s most substantial loss.

Crypto market’s weekly winners and losers – OM, BONK, HNT, FET

At the point of this writing, Helium Network Token (HNT) had an estimated market value of around one billion dollars, and a daily trading volume of fifteen million dollars. The Moving Average Convergence Divergence (MACD) suggested a possible bullish trend, yet the Relative Strength Index (RSI) stood at 47, indicating neither strong upward nor downward momentum.

For HNT to strengthen its position, it needs to retake the $6.57 barrier, which corresponds to the 200-day moving average, once more.

Artificial Super Intelligence Alliance [FET]

The Artificial Super Intelligence Alliance (FET) started off at $1.44 this week, climbed up to $1.58, but later dropped back down to $1.30 by the end of the week.

Despite a 3% rally during the week, FET ultimately recorded a 12.6% decline, securing its position as the second-biggest loser.

This downward trend was a reflection of the difficulties encountered by FET during broader market turbulence, as investors maintained a mix of optimism and wariness.

Lido DAO [LDO]

Last week, the value of Lido DAO [LDO] dropped by 12.5%. At the beginning of the week, LDO was trading at $1.28, but it experienced a small rise before ending the week at $1.21. Despite currently being at $1.10, LDO continues to be a closely monitored asset.

LDO’s market capitalization has dropped slightly to approximately $1 billion, while its trading volume has increased by 26% to $176 million.

This gap between price and trading volume suggests that there’s increased trading action, even as the price decreases.

Top 1,000 losers

In the group of 1,000 key terms, Acet experienced the steepest plunge, dropping by approximately 54%. Wexo came in second place with a 53% drop, and PAAL AI closed out the top three worst performers, decreasing by about 52%.

Conclusion

Each week, I compile a summary highlighting the top performers and underperformers within our investment landscape. Keep in mind that due to market volatility, price fluctuations can occur swiftly and dramatically.

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

2024-11-17 22:16