Crypto market’s weekly winners and losers – XLM, HBAR, WIF, BONK

Stellar, Hedera, and Tezos were the biggest gainers in the past week.
Popcat, dogwifhat, and Bonk ended the week as the biggest losers.

After closely monitoring the cryptocurrency market this week, I must say it’s been quite a rollercoaster ride! As someone who has witnessed numerous market cycles, I can confidently say that this one has been particularly unpredictable.

This past week has seen some excitement in the world of cryptocurrencies, as major shifts in prices have influenced the ever-changing landscape among the leading 100 digital currencies, ranked by their market value.

While some tokens soared to new heights, others struggled under market pressures.

Biggest winners

Stellar [XLM]

Over the last seven days, Stellar Lumens (XLM) has been the standout performer in the crypto market, skyrocketing to become the top-ranked digital currency with a remarkable increase of nearly double, reaching 190%.

In the past week, the price of XLM exhibited a pattern of consistent increases, which significantly picked up pace once it surpassed the psychologically significant level of $0.30.

Initially, it was priced approximately at $0.19 on Monday. Over the course of the week, it picked up speed and surged. By Friday’s close, it had experienced a significant increase of 53.40%, resulting in a new price point around $0.52.

Currently trading at $0.58, XLM is exhibiting impressive bullish energy, fueled by robust market optimism and continuous purchasing enthusiasm.

Each day’s graph shows an extraordinary upward trajectory for XLM, surpassing several resistance points. The 50-day and 200-day Simple Moving Averages at $0.14 and $0.10 were broken decisively earlier this week, leading to a ‘golden cross’ formation.

The Relative Strength Index (RSI) currently reads 94.98, indicating it’s well into the overbought zone, which might signal an upcoming short-term adjustment as investors choose to cash out their gains.

Currently, the Chaikin Money Flow, or CMF, is holding steady at 0.40, indicating that there’s been a strong flow of money into XLM. This could potentially continue to support XLM’s upward trend in the short term.

Hedera [HBAR]

Over the last week, I’ve seen some exceptional returns from my investment in Hedera Hashgraph [HBAR]. This digital currency has skyrocketed, recording an impressive 76% price surge. As a result, it now ranks as one of the top performers in the crypto market, only second to another high-flying cryptocurrency.

On Monday, the price was approximately $0.08, but it skyrocketed by about 60.19% on November 18th, causing the price to reach around $0.14.

As a researcher studying HBAR’s price movements, I observed a fluctuating trend throughout the week, with both upward and downward swings. However, by the end of the week, the price stabilized around $0.15. At the moment of writing this, HBAR was being traded at $0.152, suggesting that the bullish momentum remains strong.

Nevertheless, the value has dropped by more than 26% within the past 24 hours, currently standing at approximately $1.5 billion. At this point in time, its total market capitalization is nearly $5.8 billion.

Tezos [XTZ]

Leading the pack of significant weekly increases is Tezos (XTZ), maintaining its position as a top performer for the second consecutive week. As per CoinGecko’s statistics, the price of XTZ has surged by more than 69% during this seven-day period.

Initially this week, its price dropped more than 8%, reaching approximately $0.79. But then, there was an increase of over 47% which pushed its value up to around $1.17 the following day.

Similar to HBAR, its value experienced ups and downs during the period, eventually closing the week at approximately $1.15, marking a rise of more than 2%.

Currently, it’s experiencing a significant surge, with a rise of more than 22%, causing the price to reach approximately $1.4.

In the past day, its trading volume experienced a significant surge of more than 63%, reaching approximately $380 million. Currently, its market capitalization stands at about $1.4 billion.

Top 1,000 gainers

Outside the top 100, this week’s top gainer, Big Dog Fink [BINK], surged by over 690%.

In a notable surge, Dolos The Bully (BULLY) and We Love T*ts (TITS) were the second and third top performers, experiencing impressive growth of more than 401% and over 258%, respectively.

Biggest losers

Popcat [POPCAT]

Over the last week, the cryptocurrency known as Popcat (POPCAT) has seen a substantial decline in its price due to heavy selling activity, making it the largest loser in the market, with a drop of more than 18% in its value.

According to AMBCrypto’s analysis, the asset began the week on an optimistic note, experiencing a nearly 10% rise, pushing its value up to approximately $1.90.

Nevertheless, POPCAT experienced a steep drop in subsequent days, wrapping up the week at approximately $1.40. At that point, the price had a feeble upward trajectory, yet it continued to linger beneath crucial price thresholds.

The volume was approximately $128 million, showing a decrease of more than 26% within the past day. Currently, its market cap stands at roughly $1.46 billion.

dogwifhat [WIF]

This week has been tough on Dogwifhat [WIF], experiencing a substantial 14% drop in value over the last seven days. It currently ranks as the second-biggest loser in the market.

Over the past week, I’ve observed that World Innovation Fund (WIF) hasn’t managed to maintain a price point above the psychologically significant level of $3.50. This has led to an escalation in sell-offs due to investors’ heightened cautiousness.

According to AMBCrypto’s analysis, the cryptocurrency started the week priced roughly at $3.6, but by the close of the week, its price dropped down to approximately $3.2.

Currently priced at $3.30, this digital token has been having trouble holding its ground following a significant drop from its peak of $4.00 that occurred earlier this month.

Furthermore, a Choppiness Index (CHOP) value of 50.54 indicates consolidation, suggesting that the asset may maintain its current price range for the immediate future.

If bearish sentiment persists, the price might test support at $3.00, with a potential slide toward the 50-day moving average. Conversely, a recovery above $3.50 could reignite bullish momentum.

Currently, the company’s total value on the stock market stands around $3.3 billion, representing a 2.02% drop within the past day.

Bonk [BONK]

Gathering the biggest underperformers, BONK transformed into a meme-based coin. According to CoinGecko, BONK experienced a drop of more than 10% in the past week.

Over the past week, I observed a significant surge in value that propelled my analysis subject to approximately $0.00005 – marking its highest point in over half a year.

On the other hand, its value didn’t sustain due to noticeable variations, closing the week at approximately 0.00004 cents.

Currently, its value hovers near approximately 0.00004 USD. Over the past day, its market capitalization has dropped by more than 5%, currently standing at roughly 3.56 billion dollars.

Top 1,000 losers

Outside the top 100, this week’s top loser was Shrub [SHRUB], with an over 61% decline.

As a crypto investor, I’ve noticed that Shoggoth (SHOGGOTH) and Hasbulla’s Cat (BARSIK) have taken significant hits in the market. Both have seen more than 59% drop in value, making them my two biggest disappointments.

Conclusion

This week’s summary highlights the top performers (gainers) and underperformers (losers). Keep in mind that the market is dynamic, with prices often experiencing swift changes.

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

2024-11-24 22:17