- ORDI, Stacks, and Kaspa were the biggest winners of the week.
Beam, Celestia, and Lido DAO topped the list of losers for the week.
As an analyst with a background in cryptocurrency and market trends, I have closely monitored the price movements of various digital assets over the past week. Based on my analysis, ORDI, Stacks, and Kaspa stood out as the biggest winners, while Beam, Celestia, and Lido DAO experienced significant losses.
Among ORDI (ORDI), STX (Stacks), and KAS (Kaspa), these cryptocurrencies recorded the most significant price increases during the week. In contrast, BEAM (Beam), TIA (Celestia), and LDO (Lido DAO) experienced notable decreases in their prices.
Biggest winners
ORDI [ORDI]
A daily analysis of ORDI’s price trend revealed interesting positive trends.
Since the second day of the week marked the beginning of ORDI‘s upward trend, it has continued to climb steadily with uninterrupted growth.
The opening of the week saw a dip of 4.56%, causing ORDI‘s price to fall from roughly $47.50 to about $45.00. Yet, this downturn was short-lived, and the asset soon regained its footing, starting an upward trend.
Two notable price jumps, each exceeding 6%, as shown on the chart, propelled ORDI‘s price upwards. The first jump occurred on June 3rd, pushing the price back towards the $47 mark.
The next day, it saw an impressive 17% increase, pushing its price above $55.
By the end of the week, ORDI was trading at nearly $59.
Based on information from CoinMarketCap, ORDI emerged as the top performer of the past week, boasting a significant gain exceeding 25%.
When I penned down this text, ORDI‘s value in the market had risen by an extra 4%, resulting in a price tag above $61. With this growth, its market value surpassed $1.3 billion.
However, trading volume had declined by approximately 30%, settling around $314 million.
Stacks [STX]
Based on data from CoinMarketCap, STX experienced the second-largest price surge of the past week, boasting a significant gain of more than 22.5%.
According to AMBCrypto’s assessment, Stacks began the week at approximately $1.80 with a downward trend. Yet, starting on the 3rd of June, it picked up steam and underwent continuous upward movements.
During the week, the graph showed that STX hit its peak at roughly $2.48. By the week’s close, its price had dropped to approximately $2.24.
As of this writing, STX had increased slightly to approximately $2.27.
At the point of composition, the data showed that Stacks boasted a market capitalization approximating $3.3 billion. However, there had been a decrease in its value over the past 24 hours.
Its trading volume also dropped by over 50% in the past 24 hours, settling at around $145 million.
Kaspa [KAS]
According to AMBCrypto’s examination of KAS, the cryptocurrency initiated an upward trend around $0.14 at the start of the week.
As a researcher observing the market trends, I noted that the value of KAS reached a peak of approximately $0.19 during the given week. Yet, there was a subsequent decline in its price, and by the week’s end, it had settled around $0.16.
Although its value has decreased, the statistics from CoinMarketCap revealed that Kaspa (KAS) ranked third among the weekly market gainers, boasting a rise of more than 15%. Currently, its price hovers around the $0.16 mark.
The data revealed that the company’s market value stood around $3.8 billion, but this figure represented a drop of more than 5% compared to before.
In the past 24 hours, the trading volume experienced a substantial decrease of more than 40%, amounting to approximately $67 million.
Biggest losers
Beam [BEAM]
As a researcher examining BEAM’s price chart, I observed a disappointing trend. The cryptocurrency started the week around $0.27 but saw a downward spiral, experiencing successive price drops throughout the week.
As a researcher, I’ve found that by the conclusion of last week, BEAM’s price had dipped down to approximately $0.22 based on my observations. Notably, BEAM took the title of the most significant loser among all cryptocurrencies during that period, registering a substantial decrease of roughly 20.8% according to CoinMarketCap’s data.
At present, I observe BEAM’s price hovering around $0.23 and its market capitalization reaching roughly $1.1 billion. However, it’s important to note that there has been a decrease of more than 3% in these metrics.
Its trading volume had decreased by over 40%, settling at around $13.8 million.
Celestia [TIA]
According to AMBCrypto’s assessment, TIA began the week with a favorable position, priced approximately at $11.46 – noticeably closer to earth than to the stars in terms of Celestia’s relative position.
However, it experienced subsequent declines, falling to around $9.10 by the end of the week.
Based on information from CoinMarketCap, TIA ranks as the second most significantly decreased cryptocurrency during the past week, experiencing a decline of more than 20% in value.
From my perspective as an analyst, TIA‘s stock was currently hovering around the $9.10 mark. The market value of this company had seen a significant drop of over 6% within the past day, bringing its market capitalization down to roughly $1.7 billion.
Additionally, trading volume had declined by around 50%, settling at around $75 million.
Lido DAO [LDO]
Lido DAO, per its daily time frame, began the week at around $2.30. The chart indicated that it started with a 3.56% decline, which continued throughout the week.
As a researcher, I’ve observed that by the 7th of June, the price of LDO had dipped to roughly $2.00, breaching the yellow support line. By the end of the week, it was hovering around $1.90, representing a 4.8% decrease and moving below its previous support level.
The downturn in LDO caused its Relative Strength Index (RSI), as reported by CoinMarketCap, to drop to 40, signaling a significant bearish trend. LDO suffered one of the most substantial losses of the week with over 19% decrease.
The company’s market value had shrunk by more than 5% within the past day, amounting to roughly $1.7 billion. The trading activity saw a significant decrease of around 20%, with approximately $143 million worth of shares exchanged during the reporting period.
Conclusion
As an analyst, I’d like to share with you the list of this week’s top performers and underperformers. Keep in mind that markets are inherently volatile, meaning prices can change dramatically in a short period of time.
Thus, doing your own research (DYOR) before making any investment decisions is best.
Read More
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2024-06-09 22:16