- Starknet, Helium and SUI saw the biggest gains last week.
- DOGS, Cosmos and Beam were the biggest losers last week.
DOGS made a splashy debut, well almost, as it ended up being one of the biggest losers in the cryptocurrency market over the past week. Helium was at the top of the gainers chart the week before, and last week it came in second, ensuring it remains among the biggest gainers.
The biggest winners
Starknet (STRK)
Starknet (STRK) price trend analysis indicates an eventful week. It started at around $0.35 and saw consecutive price increases, reaching $0.44 by the end of the week.
According to data from CoinMarketCap, STRK was the biggest gainer last week, posting a notable increase of 23%.
Additionally, trading volume saw significant spikes during the week. Volume first jumped to over $120 million; later in the week, it surpassed $160 million.
However, at the time of writing, the volume has slightly decreased to around $119 million, which is an 11% decrease. Starknet’s market cap currently stands at over $776 million.
Helium (HNT)
For the second week in a row, Helium (HNT) is among the biggest gainers in the cryptocurrency market. The previous week, HNT was the biggest gainer, rising more than 5%.
Last week it continued its good performance, becoming the second biggest gainer with a 16.6% increase.
At the beginning of the week, helium was trading around $7. It saw some upward movement, but its price increased significantly around September 4.
On September 6th, HNT reached a high of $8.6. By the end of the week, it was trading at around $8. At the time of writing, HNT is still trading at around $8, with a market cap of around $1.2 billion.
However, its trading volume has decreased by more than 50% in the last 24 hours, currently standing at around $16.3 million.
Follow (SUI)
Looking at Sui (SUI) on a daily chart, it started the week trading around $0.76, after initially falling by over 4%. Price action was choppy throughout the week, with the short moving average (yellow line) acting as resistance.
However, the consecutive uptrends on September 6 and 7 turned this resistance into support. During these two days, the price of SUI increased by more than 5% and 6%, respectively, and by the end of the week, it was trading at around $0.90.
Source: TradingView
Data from CoinMarketCap indicates that SUI is up more than 16%, making it the third-biggest gainer of the week.
The price rally has shifted SUI from a bearish trend to an uptrend, as confirmed by its Relative Strength Index (RSI), which has crossed above the neutral line and is approaching 60 at the time of writing.
SUI is trading with an additional 3% increase and its market capitalization stands at around $2.4 billion. However, its trading volume has decreased by almost 30%, with the current volume standing at around $301.7 million.
Despite the decline in volume, recent price action and trend change suggest continued bullish momentum for SUI.
The biggest losers
DOGS (DOGS)
DOGS recently caused a spike in activity on the Ton network due to massive transactions, but has since seen significant drops after the initial hype died down.
According to data from CoinMarketCap, DOGS was the biggest loser last week, dropping more than 18%.
At the beginning of the week, DOGS price was around $0.0012, but it faced substantial declines over the next few days. By the end of the week, it was trading at around $0.0010.
At the time of writing, its market cap is around $527 million, which is down almost 3%.
Additionally, DOGS trading volume has dropped by about 35%, with the current volume being around $350.6 million.
Cosmos (ATOM)
An analysis of the daily chart of Cosmos (ATOM) reveals a downward price trend over the past week. The chart indicates that ATOM only recorded gains once during the week, with an increase of over 3%, while negative trends marked the rest of the week.
Data from CoinMarketCap shows that the price of ATOM has dropped by more than 18%.
Source: TradingView
Recent price declines have reinforced the downtrend and the Relative Strength Index (RSI) analysis shows that it has fallen below 30, indicating that ATOM is now in oversold territory.
ATOM’s market cap is around $1.4 billion at the time of writing. Its trading volume has also decreased significantly, dropping by over 33%, to currently around $112 million.
Beam (BEAM)
Beam (BEAM) took the spot as the third-biggest loser of the week, dropping over 14%, according to data from CoinMarketCap. An analysis of its price trend shows that BEAM started the week trading around $0.014 but has seen steady declines.
By the end of the week, its price had fallen to around $0.011.
At the time of writing, BEAM’s market cap stands at around $596 million and its trading volume has dropped by over 30%, with current volume standing at around $6.3 million.
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.
