- Nervos Network, Popcat and Bittsensor saw the biggest gains over the past week.
- Helium, Starknet and SATS were the biggest losers last week.
After experiencing an interesting trend, Popcat ended up being one of the biggest cryptocurrency gainers, while Helium fell into the loser category. Last week was interesting as other crypto assets reacted positively to Bitcoin breaking through its psychological barrier.
The biggest winners
Nervos Network (CKB)
Nervos Network (CKB) emerged as the week’s biggest gainer, surging by over 97%, according to data from CoinMarketCap. CKB had a cautious start to the week, trading around $0.008, but its momentum surged on September 13 when its price spiked to around $0.013.
At the end of the week, the stock was trading at around $0.014.
At the time of writing, CKB has continued its upward trend, reaching around $0.017, and its market cap has increased by 19%, now standing at around $754 million.
The token’s volume was around $330 million, but it has since dropped by more than 60% in the last 24 hours. This decline reflects a temporary slowdown in trading activity after the significant price increase.
Popcat (POPCAT)
Analysis of Popcat (POPCAT) on the daily price chart revealed a stronger start to the week than Nervos Network.
The chart shows that POPCAT jumped more than 9% at the start of the week, trading around $0.53. It continued its consecutive bullish trends, reaching around $0.6 on the third day.
Notably, it broke through its short moving average (yellow line), which had acted as resistance, and this line has now reversed to act as support around the $0.6 price range.
Source: TradingView
At the end of the week, POPCAT was trading at around $0.72, despite a slight decline of over 1%.
According to CoinMarketCap, POPCAT saw the second-highest gain of the week, up over 42%. Its market cap stood at around $728 million at the time of writing.
However, like CKB, POPCAT’s trading volume declined, with its volume standing at around $65 million, a drop of more than 40%.
Bit sensor (TAO)
Bittsensor (TAO) was the only top gainer with a market cap exceeding $1 billion.
Data from CoinMarketCap revealed that TAO gained nearly 40% last week. Analysis of its price action showed that it started the week at around $240 and ended it at around $322. At the time of writing, its price has increased further to $326.
TAO’s market cap is $2.4 billion, which is a 3% increase in the last 24 hours. However, its trading volume has decreased by more than 20%, with a current volume of around $64 million.
The biggest losers
Helium (HNT)
After being one of the biggest gainers last week, Helium (HNT) has now fallen to the top of the list of biggest losers.
Data from CoinMarketCap showed that HNT has seen a decline of more than 10% over the past week. A detailed analysis of its price on the daily chart indicated a clear downward trend throughout the week.
HNT started the week trading around $8.1, but had fallen to around $7.2 by the end of the week.
Source: TradingView
A closer look revealed that HNT saw a decline of over 6% by the end of the week, contributing to its overall losses. Despite the decline, the short moving average (yellow line) provided strong support, sitting between $6.7 and $6.4.
Additionally, HNT fell slightly below the neutral line of the Relative Strength Index (RSI), indicating a shift towards a bearish trend.
At the time of writing, HNT’s market cap stands at around $1.1 billion, down nearly 6%. However, its trading volume has increased by over 30%, reaching around $21.2 million.
Starknet (STRK)
Starknet (STRK) started the week trading around $0.43. However, by the end of the week, its price had fallen to around $0.40, marking a significant decline.
According to CoinMarketCap, STRK was the second biggest loser of the week, dropping over 7.6%.
In addition to its price drop, STRK’s trading volume has decreased by more than 30% over the past 24 hours, bringing the volume to approximately $40.6 million.
Despite these declines, Starknet’s market cap remains at around $717 million as of this writing.
SAT (1000SAT)
According to data from CoinMarketCap, SATS (1000SATS) ranked third among the biggest losers last week. The token started trading at around $0.00033 during the week but saw a rapid decline, reaching a low of $0.00029.
Although it attempted a brief rebound, moving closer to its price range earlier in the week, it eventually closed the week at around $0.00030.
By the end of the week, SATS was down more than 6%. Its market cap was around $650.8 million and its volume was around $56.4 million.
Both indicators have registered a decline in the last 24 hours, with market capitalization falling by more than 4% and trading volume decreasing by 37%.
Conclusion
Here is the weekly recap of the biggest gainers and losers. It is essential to keep in mind the volatile nature of the market, where prices can move quickly.
So it is best to do your own research (DYOR) before making any investment decisions.
