- Bittensor, Fantom, and SUI are this past week’s biggest gainers.
KuCoin Token, Kaspa, and Internet Computer led the losers chart for the past week.
As a seasoned crypto researcher with years of market observations under my belt, I find it fascinating to see how the tides can turn so dramatically within the cryptocurrency landscape. This past week was no exception, as Bittensor (TAO), Fantom (FTM), and SUI took center stage as the biggest gainers, while KuCoin Token (KCS), Kaspa (KAS), and Internet Computer (ICP) led the losers’ chart.
In the last seven days, Bitcoin displayed a noteworthy pattern, but it was Bittensor (TAO) that took the spotlight as the most significant price surger. Notably, the highest-performing cryptocurrencies posted gains in double figures, whereas the leading losers, headlined by KuCoin, suffered modest declines in the single digits.
Biggest winners of the week
Bittensor [TAO]
Initially, the value of Bittensor’s TAO token experienced significant fluctuations this week, initially falling by more than 7% followed by a decrease of approximately 4%. This led to a reduction in its price to roughly $288.3.
Nevertheless, TAO experienced a series of upward trends following its downturn, ending the week at approximately $470 and recording a weekly increase exceeding 15%.
Based on CoinMarketCap’s data, TAO experienced the most significant weekly growth, surging by approximately 40.5%. The market value of TAO exceeded $3.4 billion, and its trading volume reached over $188 million – a rise of more than 30% within the past day.
The Relative Strength Index (RSI) remains overbought, signaling continued bullish momentum.
Fantom [FTM]
Last week saw some excitement for Fantom [FTM], with prices beginning near $0.48 and peaking at about $0.67 as the week came to a close.
Based on data from CoinMarketCap, Fantom (FTM) emerged as the second-largest percentage gainer, experiencing a nearly 37% surge in value. Despite this impressive growth, its market capitalization exceeds $1.8 billion. However, it’s worth noting that the trading volume has decreased by more than 8%, now standing at approximately $197 million.
Sui [SUI]
In the past week, SUI saw a significant surge, ranking as one of the top three gainers, boasting an impressive 34% rise. At the start of the week, SUI was trading around the $1 mark; however, it climbed up to roughly $1.4 by week’s end.
The company’s market value is approximately $3.8 billion, but it has experienced a slight decrease of about 2%. Notably, the trading volume has seen a substantial drop exceeding 50%, currently standing at around $395 million.
Biggest losers of the week
KuCoin Token [KCS]
This week, KuCoin Token [KCS] experienced a significant drop of nearly 7%, placing it at the top of the list as the greatest weekly decliner, as reported by CoinMarketCap.
To start the week, KCS was hovering around $8.2. By the end of the week, its price had gradually decreased to approximately $7.4. Its market capitalization surpasses $896 million, showing a slight rise of more than 1%, and its trading volume stands at about $771,626, representing an increase of over 8%.
Kaspa [KAS]
By the end of the week, Kaspa (KAS) saw a significant drop in value, falling from approximately $0.177 to around $0.170. This decline represented a loss of more than 5.6%.
The company’s market value is roughly $4.1 billion, experiencing a 1% drop, and its trading volume is now more than 40% less, at approximately $24.2 million.
Internet Computer [ICP]
For three straight days at the beginning of the week, Internet Computer (ICP) saw a drop in value, reaching approximately $7.9. Although there were some optimistic trading days, ICP closed the week at around $8.5, representing a total decrease of more than 5% in value.
Although it’s experiencing some downturns, the overall direction of ICP remains slightly positive as its RSI (Relative Strength Index) stays above the neutral level. Currently, its market capitalization stands at approximately $3.9 billion, showing a 1% decrease, and its trading volume has significantly reduced by over 30%, amounting to around $58.8 million.
Conclusion
Here’s a summary of this week’s top performers and underperformers. Remember, the market is unpredictable, with prices often changing swiftly.
Thus, doing your own research (DYOR) before making investment decisions is best.
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2024-09-22 22:16