- Pepe, Uniswap, and Lido DAO were the biggest winners of the week.
- Arweave, Akash Network, and Fantom had the biggest losses of the week.
As a crypto investor with some experience under my belt, I’ve seen my fair share of market ups and downs. This week was no exception, with some coins performing exceptionally well while others experienced significant losses. Based on the analysis provided by AMBCrypto, Pepe (PEPE), Uniswap (UNI), and Lido DAO (LDO) were the biggest winners of the week, each experiencing substantial gains and new all-time highs.
In the last evaluation, Fantom [FTM] ranked highly among the other cryptocurrencies for notable gains. However, its performance has taken a downturn this week, resulting in a significant decrease.
During the past week, PEPE has achieved remarkable success, reaching new peak prices several times and topping the list of weekly gains.
Biggest winners
Pepe [PEPE]
As an analyst, I examined PEPE‘s price action on a daily chart from AMBCrypto’s perspective. At the beginning of the week, PEPE experienced a 3.98% downward trend that led its value to approximately $0.00000916.
The following day, there was a significant surge, resulting in a 24.56% rise and a new record-breaking price of $0.00001141. This marked the first of several all-time highs achieved during that week.
PEPE’s price reached approximately $0.00001497 by the week’s end, marking a new all-time high and signifying a 5.80% growth.
Based on information from CoinMarketCap, PEPE experienced a significant surge of 57.62% during the past week, earning it the title of the top weekly gainer and the meme coin with the most substantial price increase.
As I pen this down, the asset had gained more than 1% in value, raising its worth approximately to $0.000015.
Moreover, the company’s market capitalization surpassed $6.3 billion, while its trading volume reached approximately $1.8 billion within the past 24 hours.
Uniswap [UNI]
Last week saw significant activity for Uniswap [UNI]. According to analyses, its value started off relatively low but finished on a higher note. The graph revealed that Uniswap opened the week around $7.70.
As a researcher studying the cryptocurrency market, I observed that by the 20th of May, UNI underwent a substantial price surge, reaching over $9. This upward trend persisted throughout the week, resulting in UNI being traded above $11 by its conclusion.
Among the top performers, this asset saw a significant surge of over 41 percent, according to CoinMarketCap’s data. Currently, its value hovers around $11.40 in the markets.
The company’s market value stood around $6.8 billion, experiencing a rise of more than 5% within the past day.
Lido DAO [LDO]
Similar to Uniswap, Lido DAO (LDO) experienced a modest start, followed by a notable surge on May 20th. The token commenced the week at approximately $1.70, and subsequently peaked at around $2.00 on that day.
As a researcher observing market trends, by the close of the trading week, the price of the particular asset I’ve been monitoring had risen to approximately $2.40, positioning it as the third most profitable addition to portfolios that week.
As a crypto investor, I’ve noticed an impressive 41% increase in LDO‘s value based on the latest data from CoinMarketCap. However, this positive trend was somewhat dampened in the last 24 hours as its market capitalization took a hit and decreased by over 5%. This decline in market cap was due to a price drop in LDO.
As I pen this down, the company’s market capitalization hovered around the $2.2 billion mark. Furthermore, there was a substantial decrease of more than half in its trading volume within the past day, amounting to approximately $154 million.
Biggest losers
Arweave [AR]
Based on information from CoinMarketCap, Arweave (AR) topped the list of losses over the past week, experiencing a setback of 14.73%.
The price of AR started at approximately $48 at the beginning of the week, but it decreased to around $46 by the next day.
The price of AR began to drop around the same period when various other altcoins on the list of top performers started to surge. By the week’s end, AR was valued at approximately $40. At present, its downward trend continues.
At the moment of reporting, the company’s market capitalization was around $2.6 billion, representing a drop of more than 1%. Furthermore, there was a significant decrease in trading activity, with the volume dropping by over 30% to approximately $38 million.
Akash Network [AKT]
The analysis of Akash Network [AKT] revealed a turbulent week, starting with a decline from its $5.8 price zone to around $5.7.
As a crypto investor, I’ve experienced some ups and downs with my investment. On May 21st, there was a brief moment of relief as the price reached approximately $5.9. However, the following declines erased those gains, leaving me with a disappointing return.
By the close of the week, I observed that the cryptocurrency had dropped to approximately $5.3 on various exchanges. According to CoinMarketCap’s data, this represented a weekly loss of 9.44% for me as an investor, making it the second most disappointing performer during that period.
As of press time, AKT’s downward trend persisted, with its price hovering around $5.31.
The company’s market capitalization was roughly $1.2 billion, representing a almost 1% decrease. At the same time, the trading volume fell by more than 38%, down to approximately $9.1 million.
Fantom [FTM]
The recent development in Fantom’s [FTM] pricing was noteworthy, given its strong performance during the past week. Yet upon examining the day-to-day price fluctuations on the chart, a downward trend emerged.
I began the week with a price of approximately $0.84, which represented a 4.91% decrease from my previous value. Later in the week, I experienced a significant surge, increasing by 9.37%, and nearly reached the $1 mark, settling around $0.90.
As an analyst, I’ve observed that the price of the asset experienced a significant surge on May 20th, reaching approximately $X. However, following this rise, the value took a downturn, resulting in a closing price of around $0.82 for the week’s end. Despite this increase of over 2%, the overall trend was downward.
Based on information from CoinMarketCap, this asset experienced a significant decrease of approximately 8.16% in value over the last week.
At the time of writing, FTM was trading at around $0.81, reflecting a decline of over 1%.
The company’s market capitalization was around $2.3 billion, experiencing a nearly 1% drop. Its trading volume surpassed $129 million, witnessing a significant decrease of approximately 30%.
Conclusion
In this installment, I’ll run through the top performers and underperformers from the past week. Keep in mind that markets are inherently unpredictable, with prices frequently fluctuating significantly.
Thus, doing your own research (DYOR) before making any investment decisions is best.
Read More
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- CLV PREDICTION. CLV cryptocurrency
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- BOO PREDICTION. BOO cryptocurrency
2024-05-26 22:16