As the cryptocurrency market continues its persistent fight to make an upward breakthrough, the bulls and bears in the market continue to battle it out. This struggle between both sides apparently shows in the price movements of various cryptocurrencies. A number of significant winners emerged last week, demonstrating a price gain of significant proportions. These top weekly gainers are as follows:
Top Weekly Gainers
Anubi Token stood as the top winner this week, with its impressive gains of nearly 290%, in just a matter of a few days. This token has recently been floated in the market and has been met with significant hype among traders, especially since yesterday. Within just 24 hours, Anubi’s volume exploded from barely $1,500 to a staggering $1.4 million. This is the driver behind its price jump from $0.00032 to $0.00123, making it the top gainer of the week.
Another name amongst crypto-winners is Krypton DAO (KRD) which performed spectacularly this week, having tripled its price from $0.30 to over $0.90 in only seven days. Throughout this time, KRD showed to be supported by high levels of volume, taking it to new highs without falling corrections. This upward momentum, however, may be approaching a close, considering its volume drop from $14 million yesterday, to only $1.3 million at present.
Radiant Capital (RDNT) experienced a bullish rush this week, after its announcement of shifting to the eco-friendly, Binance Chain. After a steady decline throughout the week, RDNT took off on Sunday, when the announcement came, resulting in a weekly climb from $0.014 to $0.063, in a single day, denoting a spike of 350%. In the following days, however, RDNT stabilized and is now trading at $0.049, putting its net gains for the week at 184%.
Buffer Finance (BFR) enjoyed a highly successful week, of a dynamic climb, which coincided with supporters pumping the cryptocurrency through both Twitter and Telegram. BFR took on a bullish rise from $0.13 to a high of $0.54 yesterday, which translated to a gain of a whopping 315%. After this high, however, BFR has fallen substantially in a price correction to $0.32, leaving its net gains at a still impressive figure of 153%, over the week.
The recent rise of Lunr Token too has been highly impressive and is worth mentioning on this list of weekly winners. The token remained somewhat unchanged in its price for most of the week, until Saturday, when supporters on social media began pushing for a price pump. Trade volume surged from $400,000 to over $2.4 million, which took Lunr up from $0.10 to its present high of $0.28 in barely three days. This translates to a net weekly gain of 180%.
Top Weekly Losers
Considering that the wider crypto market as a whole is presently resting in a state of uncertainty, it comes as no surprise knowing that the week also brought in a number of losers. Several cryptocurrencies saw their prices fall quite significantly over the week. As of the time of writing this Stocks Telegraph issue, these weekly losers were as follows:
CakeWSwap (CAKEW) came with a dismally disappointing performance after a severe plummet earlier today. Throughout the week, CAKEW has been steadily rising from $22.60 to $34.90 until yesterday. However, after a social media vote, CakeWSwap developers made the decision to deploy Aptos for the project, which caused a disastrous reaction in the market. The cryptocurrency fell almost instantly from $34.90 to $0.24. CAKEWSWAP has shed 99% of its price during the week.
Next, we take a look at Paper DAO (PPR) which turned heads in both directions during the week. Last week, PPR surged instantaneously from $0.046 to $0.335, amounting to a 630% price explosion. This was after a phenomenal performance in the project’s collateral markets. The week had its phases of descents and climbs. This all came to a crashing halt yesterday when PPR price collapsed from $0.28 to $0.0013, which was even below its starting point of the week. The cryptocurrency is presently trading 96% below its price of 7-days ago.
After a successful ICO, GetKicks (KICKS) began circulation in the secondary market exactly a week ago and started off with a heavy price collapse. KICKS began trading at $0.034 and stood at $0.014 by the end of the first day. Throughout the week that followed, the crypto-asset continued its persistent fall and is presently trading at $0.0074, which is almost 80% below its initial price. Volume throughout this time has steadily been persistent above the $5 million mark.
All Sports (SOC) has been on a downward fall for a full month now, falling from $0.0120 to its present low of $0.0016. This week was hardly any different from its loss-inducing performance of prior weeks, as SOC continued its freefall. This morning, however, brought on one of the sharpest freefalling plummets the asset has seen in its price trajectory in an instant drop from $0.0043 to $0.0018. The net SOC loss for the week stands at over 70%.
The Protocol (THE) is a week-old cryptocurrency that has been falling severely, despite epic levels of trade volume, which presently exceed $29 million. The last seven days saw THE rise from $0.014 to as high as $0.038. The rollercoaster price trajectory of ups and downs, coupled with a large volume suggests a tug-of-war between bears and bulls regarding THE. THE is presently down 62%, from seven days ago, but its price trend shows an attempt at an upward fightback by the bulls.