- Safe, Raydium and cats in a dogs world were the biggest gainers last week.
- Immutable X, ApeCoin and Arweave recorded the biggest losses last week.
Late last week, Safe became the biggest crypto gainer, surging almost 50%. ApeCoin, however, lost momentum, moving from the winning side to the losing side late last week.
The biggest winners
Safe (SAFE)
Analysis of the daily time chart of Safe (SAFE) showed that the week started with a normal trend. However, subsequent trends in the week showed price volatility, which defined the week.
Its price at the start of the week was around $0.95 after an increase of more than 1%. However, the next day, prices rose by more than 15%, but significant declines followed these increases.
The analysis showed that the price trend that defined the week occurred on Thursday and Friday. On Thursday, it soared 42.13%, bringing its price to around $1.34. The next day, it saw another 10.45% rise, bringing its price to around $1.48.
Source: TradingView
However, it ended the week down more than 1%, but its price only fell to around $1.46. Additionally, its Relative Strength Index showed that it was oversold, meaning a correction could be coming soon.
According to CoinMarketCap data, it saw a 49% gain, making it the biggest gainer of the week. Among the major gainers, its market capitalization was the lowest, at around $658 million.
Raydium (RAY)
The second biggest gainer was Raydium (RAY). Analysis showed that its price was around $2.2 at the start of the week. However, by the end of the week, the price had increased by almost 3%.
With the price trend, it has gained more than 44% in the past week, according to data from CoinMarketCap.
Furthermore, RAY had the second largest market capitalization among the top gainers, with over $843 million. Furthermore, the price has increased to around $3.2 at the time of writing and the market cap has increased by over 8%.
Volume is the only thing that has seen a decline of more than 1% as of this writing; it was over $110 million.
Cats in a Dog’s World (MEW)
Cats in a dogs world and Popcat battled for third place for biggest winner, but MEW emerged on top. Data showed that MEW saw a gain of over 17% over the past week. Popcat could only manage over 15%. Additionally, this made it his second week as the top gainer.
Analysis of its chart showed that it started the week slowly, with the price around $0.008. Its main uptrend occurred towards the end of the week, when its price climbed to around $0.011.
By the end of the week, it was trading around $0.010. Its market capitalization was around $887 million and its volume was around $167 million at the time of writing. However, the volume has seen a drop of over 40% in the last 24 hours.
Top 500 winners
Among the top 500 assets, Virtual Protocol (VIRTUAL), Moo Deng (MOODENG), and Nosana (NOS) were the biggest gainers. The chart shows that VIRTUAL saw a gain of over 203%, while MOODENG saw a gain of almost 153%. The third biggest gainer, NOS, saw a gain of almost 129%.
The biggest losers
Immutable X (IMX)
Taking the top spot on the losing side is Immutable Its price action showed it hovering around $1.6 at the start of the week but saw significant downward trends. By the end of the week, the price was around $1.3.
Its decline has continued at the time of writing and has also impacted its market capitalization. At the time of writing, its market capitalization stood at nearly $2.2 billion, but had declined by more than 1% in the past 24 hours. Additionally, its volume has decreased by almost 50% in the last 24 hours and stands at almost $23 million.
ApeCoin (APE)
ApeCoin was one of the biggest gainers from the previous week, but it could not maintain its momentum. Data from CoinMarketCap showed it was the second biggest loser over the past week, falling more than 17%.
The analysis showed that APE started the week strong, rising 71.15%, and its price reached almost $1.5. It showed more promise the next day after rising 5%, taking its price above $1.50.
However. It then saw significant declines and by the end of the week it was trading at around $1.
Source: TradingView
For now, the only positive trend is above its 200-day moving average (blue line) and above the neutral line of its Relative Strength Index (RSI). The spike took its price above the blue line for the first time since April. However, it could fall back below if the decline continues.
Its volume decreased by almost 70% in the last 24 hours and stood at around $155 million.
Arweave (AR)
Arweave finished among the biggest losers at third place. Analysis of its price showed that it started the week near $19, but fell to around $16 by the end of the week. Data from CoinMarketCap showed that AR declined by more than 16% over the past week.
Its volume was around $35 million at the time of writing, down more than 45%. Furthermore, its market capitalization was around $1 billion, down more than 3%.
Top 500 losers
Scroll (SCR) leads the Top 500 Losers with a drop of over 39%. Deep Book Protocol (DEEP) came in as the second biggest loser, down almost 34%. Casper (CSPR) also saw a decline of almost 34%.
Conclusion
Here’s the weekly recap of the biggest winners and losers. It is essential to keep in mind the volatile nature of the market, where prices can change quickly.
So it is best to do your own research (DYOR) before making any investment decisions.
