Crypto Market Update: Winners and Losers
This week in the crypto market saw some significant shifts, with a few coins making impressive gains while others struggled to stay afloat.
Biggest Winners
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Mantra (OM)
Mantra (OM) emerged as the top gainer of the week, surging by a whopping 25.05%. The coin’s price steadily climbed throughout the week, closing above $0.8, a significant improvement from its starting point of $0.7. Despite a brief dip early in the week, OM’s upward trajectory continued, pushing the price to around $0.9. This strong performance resulted in a significant boost to its market cap, now exceeding $765 million. However, trading volume did experience a dip of over 20%.
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MultiversX (EGLD)
MultiversX (EGLD) secured the second spot on the winners’ chart, showcasing a respectable 20.66% increase over the week. The coin started the week trading at approximately $28.8 and climbed steadily, closing near $35. While the week was marked by some fluctuations, EGLD’s price movement showed more upward trends than declines, characterized by sharp spikes. Currently, EGLD is trading around $34.1. This positive performance has resulted in an increased market cap of over $927 million. Nevertheless, trading volume has experienced a significant drop of almost 50%.
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Notcoin (NOT)
Notcoin (NOT) showcased a remarkable comeback, rising from a near-6% gain at the start of the week to a significant 28.61% surge by the end. This rally catapulted NOT back into the winners’ chart after facing several declines in the initial trading sessions. The coin’s price closed the week around $0.013, with continued upward momentum pushing it to approximately $0.014. This rebound has been accompanied by a significant increase in trading activity, with volume surging over 150% in the last 24 hours to exceed 877 million. Furthermore, NOT’s market cap has experienced a massive 44% surge, exceeding $1.5 billion, making it the only asset among the top three gainers with a market cap in the $1 billion range.
Biggest Losers
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ORDI (ORDI)
ORDI (ORDI) faced a significant downturn last week, leading the losers’ chart with a 23.26% decline. The coin’s price trended downwards consistently throughout the week, with a particularly steep drop around July 5th. Despite a slight recovery later in the week, ORDI closed at approximately $30.7, leaving it among the week’s biggest losers. While the market cap has risen slightly, trading volume has decreased significantly, suggesting a decline in trading activity.
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Pendle (PENDLE)
Pendle (PENDLE) continued its struggle in the market, marking its second consecutive week of significant losses, plummeting by 22.45%. The coin initially showed some attempts at gaining ground, but it quickly succumbed to a downward trend. Despite this continued price decline, there was a slight increase in the market cap, suggesting a degree of interest. However, trading volume has declined.
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Fantom (FTM)
Fantom (FTM) experienced a mixed week, starting with positive gains but ultimately ending with a 20.95% decline, placing it among the biggest losers. The coin faced significant setbacks on July 3rd and 4th, experiencing substantial declines. While a slight recovery was observed toward the end of the week, it wasn’t enough to offset the earlier losses. This negative trend has impacted the market cap and trading volume, signaling reduced trading activity.
The crypto market continues to be volatile, and it’s essential to stay informed and make informed decisions.
