- Bittensor, Fantom, and SUI stood out as the top gainers this past week.
- KuCoin Token, Kaspa, and Internet Computer topped the losers list for the week.
Bitcoin displayed a fascinating trend in the past week, but Bittensor (TAO) claimed the title of the biggest gainer. While leading cryptocurrencies experienced double-digit increases, the primary losers, spearheaded by KuCoin, faced single-digit declines.
Major winners of the week
Bittensor [TAO]
Bittensor [TAO] had a tumultuous beginning to the week, starting with successive drops of over 7% and 4%, bringing its price down to about $288.3.
Nevertheless, TAO bounced back with a series of upward trends, ending the week near $470, achieving a weekly increase of over 15%.
Source: TradingView
Per CoinMarketCap, TAO emerged as the week’s top gainer, marking a 40.5% rise. It boasts a market cap exceeding $3.4 billion with a trading volume over $188 million, reflecting a more than 30% surge in the last 24 hours.
The Relative Strength Index (RSI) remains in the overbought territory, indicating sustained bullish momentum.
Fantom [FTM]
Fantom [FTM] also witnessed a significant week, starting around $0.48 and advancing to approximately $0.67 by the week’s close.
According to CoinMarketCap, FTM was the second-largest gainer with an almost 37% rise. Its market cap is over $1.8 billion, although its volume has dipped by over 8%, now around $197 million.
Sui [SUI]
Sui [SUI] ranked as the third major winner, with a nearly 34% rise throughout the week. SUI started at about $1 and increased to roughly $1.4.
Its market capitalization is approximately $3.8 billion, showing a slight decrease of over 2%. Trading volume has also plummeted by more than 50%, currently resting at $395 million as of this update.
Major losers of the week
KuCoin Token [KCS]
KuCoin Token [KCS] led the losers list with a decline of nearly 7%, making it the largest loser of the week, according to CoinMarketCap.
KCS started the week near $8.2 and steadily fell to around $7.4 by week’s end. Its market cap exceeds $896 million, showing a slight increase of over 1%, with trading volume at approximately $771,626, up by more than 8%.
Kaspa [KAS]
Kaspa [KAS] was the second-largest loser, dropping from $0.177 to around $0.170 by the end of the week, suffering a loss of over 5.6%.
Its market cap stands at about $4.1 billion, reflecting a 1% decrease, while its trading volume has diminished by over 40%, currently at approximately $24.2 million.
Internet Computer [ICP]
Internet Computer [ICP] saw three straight days of declines early in the week, with its price falling to around $7.9. Despite some favorable days later on, ICP concluded the week trading at about $8.5, resulting in an overall drop of over 5%.
Source: TradingView
Despite this decline, ICP displays a mildly bullish trend, with its RSI remaining above the neutral line. Its market capitalization is around $3.9 billion, reflecting a 1% decrease, while trading volume has dropped by over 30%, now at about $58.8 million.
Conclusion
This recap provides insight into the most significant gainers and losers of the week. It’s essential to acknowledge the market’s volatile nature, where price fluctuations can occur swiftly.
Therefore, conducting your own research (DYOR) prior to making any investment decisions is advisable.
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