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Kriptoteka > Market > Ethereum > Weekly Crypto Winners & Losers: APE, DOGE, TAO, MKR Insights
Ethereum

Weekly Crypto Winners & Losers: APE, DOGE, TAO, MKR Insights

marcel.mihalic@gmail.com
Last updated: October 20, 2024 8:41 pm
By marcel.mihalic@gmail.com 6 Min Read
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  • ApeCoin, Dogecoin, and Cat in a Dog’s World are the top gainers of the previous week.
  • Popcat, Bittensor, and Maker are the leading losers of the previous week.

The last 24 hours have been significant for ApeCoin [APE], which emerged as the week’s most notable gainer. This rise coincides with Bitcoin [BTC] successfully breaking the $68,000 threshold after several weeks of little movement.

While Dogecoin [DOGE] celebrated its inclusion among the week’s gainers, Popcat [POPCAT] faced challenges, landing on the list of top losers.

Major Winners

ApeCoin [APE]

The recent 24 hours were crucial for ApeCoin. A look at its price chart reveals that its notable surge began in the previous trading session.

The following chart demonstrates that APE surged by 18.21%, climbing from $0.73 to surpass $0.80. At the beginning of the week, ApeCoin was trading around $0.72 with minimal fluctuations. However, during the final trading session, APE experienced a significant boost.

ApeCoin price trendApeCoin price trend

Source: TradingView

As per CoinMarketCap, ApeCoin skyrocketed by over 60% in the last 24 hours and stands as the week’s leading gainer with an impressive 68% overall increase.

Currently, APE maintains its upward trajectory, with its price around $1.20—a level not seen in over three months.

The bullish trend is clear, with the Relative Strength Index (RSI) indicating an overbought status.

Interestingly, ApeCoin saw a token unlock last week, yet this event did not affect its positive performance. Trading volume surged by over 2,500% within the last 24 hours, with total trading surpassing $856 million.

Its current market cap is approaching $920 million.

Dogecoin [DOGE]

Dogecoin stands as the second-largest gainer of the week. Despite a slight dip at the start of the week, trading near $0.11, DOGE experienced a steady rise, achieving a high of $0.14.

Data from CoinMarketCap indicates that Dogecoin rose over 27% through the week. However, as of the latest update, DOGE has seen a slight correction, trading down by 1% at $0.14.

Its market cap was reported at $20.7 billion, reflecting a 2% decline in the past day, while trading volume has decreased by 29%, currently at $1.5 billion.

Cat in a Dog’s World [MEW]

The other memecoin, Cat in a Dog’s World [MEW], claimed the position of the third-highest gainer of the week, with nearly 25% growth.

MEW began its journey at about $0.006 and gradually increased to $0.008 by the week’s culmination, even reaching a peak of $0.009 before settling.

Its trading volume has seen a drop of over 51%, currently sitting at $72 million, while its market cap stabilizes around $761 million.

Top 500 Gainers

Among the top 500 cryptocurrencies, Goatseus Maximus [GOAT] led the ascent with a stunning 310% rise over the week. MATH [MATH] followed closely with an impressive 180% increase, while Virtual Protocol [VIRTUAL] rounded out the top three with a growth of 151%.

Major Losers

Popcat [POPCAT]

Popcat [POPCAT] took the title of the biggest loser of the week. It commenced the week around $1.30, facing a decline of 6.8%.

Though POPCAT managed to achieve some gains during the week, they were overshadowed by greater losses, leading to an overall 8% drop, finishing at $1.20.

Popcat price trendPopcat price trend

Source: TradingView

Despite the downturn, POPCAT remained above its 50-day and 200-day moving averages, sustaining a bullish trend according to its RSI.

According to CoinMarketCap, POPCAT declined nearly 16% throughout the week. Its market cap currently reaches $1.2 billion, with trading volume decreasing by 8% to approximately $85 million.

Bittensor [TAO]

Bittensor [TAO] is the second-largest loser of the week, with a 14% drop. TAO commenced the week trading at $658.7 but sustained notable losses, concluding the week at $557.

TAO’s market capitalization now stands at $4.1 billion, reflecting a 1% decrease in the last 24 hours, while its trading volume remains around $92 million, indicative of a 16% drop.

Maker [MKR]

Completing the top three biggest losers, Maker [MKR] faced an almost 11% drop, starting the week at $1,354 and decreasing to $1,214 by the week’s conclusion.

Over the past 24 hours, Maker has seen its trading volume decrease by 18%, resting at $52 million. Its market cap, however, remains above $1 billion.

Top 500 Losers

Among the top 500 assets, Moodeng [MOODENG] marked the greatest loss, showing a decline of 34%. Neiro Ethereum [NEIRO] also posted a 34% drop, while SPX 6900 [SPX] recorded a nearly 32% drop.

Notably, NEIRO and SPX were amongst the biggest gainers the week prior.

Final Thoughts

Here’s a summary of the week’s most significant gainers and losers. It’s vital to recognize the market’s unpredictable nature, where prices can change swiftly.

Therefore, conducting your own research (DYOR) is highly advisable before making any investment decisions.

Next: Bitcoin ETFs inflows hit $20B, outpace Gold ETFs 10x: What’s next?

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