Crypto market’s weekly winners and losers – WIF, WLD, UNI, TRX

Dogwifhat, Worldcoin, and Arweave were the biggest winners of the past week.
Uniswap, Tron, and Aave had the biggest losses in the past week.

As a seasoned cryptocurrency investor with years of experience under my belt, I have witnessed firsthand the wild swings and unpredictability of this market. This week has been no exception, as I’ve seen some of my once promising investments plummet in value.

Based on current figures, Dogwifhat has outperformed other cryptocurrencies with a favorable price development during the last week. In contrast, Uniswap faced setbacks and saw the most substantial losses among its peers during this timeframe.

Biggest winners

Dogwifhat (WIF)

In the previous seven days, Dogwifhat (WIF) showed a significant improvement based on AMBCrypto’s examination.

In the opening of the week, WIF experienced a noteworthy surge of 8%, lifting its value from approximately $1.6 to above $1.7. The upward trend persisted the following day, resulting in a remarkable gain of 24.62%. Consequently, the price tag climbed up to around $2.1.

Despite this strong upward trend, WIF saw a minor setback on 17th July, with a 1.5% decline.

Despite taking a hit initially, it bounced back strongly, registering a gain of more than 12% just after that. This brought its value up to roughly $2.4. By the week’s end, it was transacting near $2.6, representing a weekly closing rise of over 3%.

Crypto market’s weekly winners and losers – WIF, WLD, UNI, TRX

Based on information from CoinMarketCap, Dogwifhit experienced the most significant growth during the past week, achieving a remarkable rise of 51.72%.

Lately, based on the latest data, it has been exhibiting a modest decrease, dropping by more than 3% to approximately $2.5.

The market value of WIF reached approximately $2.5 billion, and there were around $334 million worth of trades recorded. However, there was a significant drop of more than 28% in trading volume within the past 24 hours.

Worldcoin (WLD)

According to CoinMarketCap’s latest report, Worldcoin has made a strong comeback and is now among the top performers with a substantial 40.60% price surge.

During the last seven days, WLD‘s value hovered around $1.8 with steady advancement. The stock reached an impressive peak above $3 a week prior, only to retreat and finish the week close to $2.6.

Starting the new week, Worldcoin’s price has retreated somewhat, now hovering around $2.5 – a minor pullback following its closing value from the last week.

The company’s market value was approximately $709 million, yet it underwent a substantial decrease, dropping by more than 8% within the past day.

An extra noteworthy observation is that trading volume has significantly dropped by approximately 30%, resulting in about $235 million in daily transactions.

Arweave (AR)

Over the last seven days, Arweave (AR) demonstrated impressive gains. The cryptocurrency began at roughly $24 but surged past $30 by midweek. This upward trend persisted, and by the week’s close, AR was valued around $33.5.

Based on information from CoinMarketCap, AR experienced a significant rise, jumping up to rank as the third largest weekly growth with a noteworthy gain of 39.22%.

I’ve analyzed the most recent data, and I can confirm that Arweave’s trading price has risen to around $34.3. With this development, its market capitalization now exceeds $2.2 billion. Notably, there has been a moderate increase of less than 1% in value.

Despite the market value and price rising, the trading volume for this asset has dropped noticeably. Over the past day, it decreased by more than 30%, amounting to a substantial loss of over $67 million in transactions.

Biggest losers

Uniswap (UNI)

The weekly trend for Uniswap showed some variation on the daily chart. To begin with, the price rose from around $8.1 to nearly $8.6 within the initial two days of the week.

Despite the recent surge, the price of Uniswap took a downturn over the past three consecutive days, dropping approximately to $7.8.

Based on my extensive experience in cryptocurrency trading and following the market trends closely, I can tell you that by the end of last week, Uniswap’s price showed some signs of recovery, inching up to around $8. However, this minor gain was not enough to make up for the significant losses we had seen earlier in the week. As someone who has been through numerous market fluctuations, I can tell you that it is important to remain patient and stay informed during such volatile times. The crypto market is known for its unpredictability, and only time will tell how Uniswap’s price will evolve in the days ahead.

Based on information from CoinMarketCap, Uniswap experienced the greatest loss among all cryptocurrencies during the past week, amounting to a decrease of 4.60%.

Crypto market’s weekly winners and losers – WIF, WLD, UNI, TRX

According to current figures, Uniswap’s price hovers around $7.9 with a drop of more than 1% recently. Additionally, the RSI indicator indicates that UNI is presently below the neutral threshold of 50, indicating a downward trend.

The company’s market capitalization has dropped nearly 1% and is currently approximately $4.7 billion.

The trading volume has experienced a substantial decrease, falling by more than 20% in the past 24 hours, reaching around $111 million.

Tron (TRX)

Based on information from CoinMarketCap, TRON (TRX) experienced the second most substantial loss among cryptocurrencies during the previous week, amounting to a decline of approximately 2.97%.

Based on my extensive experience in cryptocurrency market analysis, I’ve observed that TRX started the week at a decent price around $0.138. However, my radar sensed some troubling signs around the 15th of July. The market took a turn for the worse, and I watched as TRX plummeted despite valiant efforts to recover towards the end of the week. Unfortunately, these attempts proved unsuccessful, and TRX ultimately closed at approximately $0.134.

At the current moment, Tron’s total market value stood approximately at $11.6 billion, representing a minimal decrease of roughly 0.5%.

As an analyst, I’ve observed a substantial decrease in Tron (TRX) trading volume. In the past 24 hours, this figure has dropped by more than 23%, leaving us with around $212 million in total trading volume.

Aave (AAVE)

Last week, Aave (AAVE) underwent a substantial change in its performance, transitioning from being among the top gainers just two weeks prior, to becoming one of the top three losing cryptocurrencies. The token recorded a loss of 2.20% during this period.

As a crypto investor, I’ve noticed an upward trend in the asset’s price, which started around $100 and reached a high of $104 within the week. Unfortunately, things took a turn for the worse, resulting in a closing price of approximately $98 by the end of the week.

From my perspective as a researcher, I’ve observed that Aave’s price has persisted in dropping, currently hovering around $97. This downward trend is also apparent in its market capitalization, which has shrunk by more than 1% and now amounts to approximately $1.45 billion.

An extra noteworthy detail is that the trading volume has seen a substantial decrease, amounting to over 18%, within the past 24 hours, reaching around $65.9 million.

Conclusion

Let’s review the top performers and underperformers of the past week. Keep in mind the market’s inherent volatility, which means prices can change dramatically and swiftly.

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

2024-07-21 22:16