Crypto market’s weekly winners and losers
Top Performers
Leading the weekly surge, Mog Coin soared into the top 100 cryptocurrencies by market cap, as reported by CoinMarketCap. Its value skyrocketed by 48.84% in the past week.
MOG kicked off the week on June 23rd with a minor slump at $0.0000009 but swiftly rebounded, escalating to roughly $0.000001 by week's end, therefore marking its impressive rally.
Consequently, its market cap exceeded $650 million, cementing its place among the top cryptocurrencies.
Despite a slight 4% dip in market cap in the previous 24 hours, MOG's valuation hovered over $648 million.
Akash Network ranked as the week's second largest gainer, climbing by 20.96%, as revealed by CoinMarketCap.
Commencing the week on a bearish note, AKT's price briefly fell from $3 to about $2.7, before making a robust recovery, ending the week above $3.5.
Its market valuation, standing over $872 million, saw a minor decline recently.
Moreover, AKT's trading activity dwindled by more than 29%, totaling around $41.5 million.
Kaspa, initially struggled, dropping by 0.6% to approximately $0.15 on June 23rd.
Nevertheless, it swiftly reversed its downfall, charting a growth streak and finishing the week at around $0.19. This translated to an over 7% weekly surge, placing KAS as the third top ascender.
CoinMarketCap reported a 20.16% total increase for Kaspa, with indications of a strong bullish trend. The Relative Strength Index (RSI) suggested Kaspa was approaching an overbought condition, denoting high investor interest.
With a market cap crossing $4.5 billion, bolstered by a more than 6% growth in just 24 hours, Kaspa stood out as the sole asset among the week's winners with a market cap above $1 billion. Its trading volume experienced a 50% surge, reaching over $132 million.
Top Losers
PENDLE encountered a rough patch this week, topping CoinMarketCap's downturn list with a 19.80% decrease.
It opened the week strong at over $6 but faced a sharp fall, ending at roughly $4.9, showcasing a continuous bearish trend.
Its market cap, initially over $769 million, witnessed a more than 2% decline in the past 24 hours, with trading volume dropping significantly by over 40% to almost $43 million.
The week proved strenuous for Ethena, with its value steadily decreasing, initiating at about $0.56 and closing around $0.49.
CoinMarketCap data shows an 18.48% reduction over the week, making ENA the second most affected cryptocurrency.
Ethena's market cap exceeded $766 million, facing a downward adjustment of more than 2% recently, paralleled by a drop in trading volume of over 20% to about $49.5 million.
Worldcoin recent performance has dipped, culminating in a pronounced fall this week.
Analysis indicated an opening week drop of over 4%, with prices starting at around $2.8, only to see further decline to approximately $2.5 by week's end.
A 16.86% weekly fall places Worldcoin among the top market decliners, as per CoinMarketCap. The RSI below 30 suggests WLD is currently oversold, hinting at a potential upcoming price correction.
The market cap saw a 5% deficit, shrinking to $660 million, with trading volume also experiencing a decline of over 11% to more than $126 million.
