Crypto market’s winners and losers over the week
Top Performers
Mantra (OM)
Amidst a broad downturn in the cryptocurrency sector, MANTRA (OM) emerged as a beacon of growth, boasting a remarkable upswing.
Reports from CoinMarketPage indicate that OM ascended by 25.05% over the last seven days, asserting itself as the frontrunner in gains. A closer look at its price trajectory shows OM kicked off the week near $0.7 and gradually built up steam.
While it encountered a few dips that momentarily pushed its value under its week’s commencement price, it ultimately wrapped up the week with its value peaking above $0.8.
Entering the new week, OM's value climbed towards $0.9. Concurrently, its market capitalization elevated, now topping $765 million, with an 8% increment noted in the past day. Yet, its trade volume saw a downtrend of over 20%, currently resting at around 32.3 million.
MultiversX (EGLD)
Wrapping up the week as the second-most profitable cryptocurrency, as per CoinMarketPage, was MultversX (EGLD), which appreciated by 20.66% by week's end.
Examining its price fluctuations, EGLD was seen initiating the week at nearly $28.8 and settling at about $35, despite witnessing some volatility. On the whole, the asset exhibited more ups than downs over the week.
EGLD’s trading pattern for the week was notable for its sharp inclines. At the time of this account, it was valued at approximately $34.1.
The valuation of EGLD has climbed to over $927 million, noting a 2% uplift in the last day. However, it’s crucial to report a significant drop in its trading volume, which plummeted by almost 50%, now standing near $34 million.
Notcoin (NOT)
Notcoin (NOT) marked a pivotal move in this week's winners’ tally, following MultiversX, with initial single-digit expansion.
A scrutiny of NOT’s pricing chart indicates it commenced the week with a nearly 6% hike, priced at around $0.014. Despite facing declines in following sessions, which saw a drop of over 9% by July 5th, leading to its price hovering at $0.010.
Nonetheless, a significant end-of-week surge of 28.61% catapulted its standing, concluding the week at approximately $0.013.
At present, NOT is trading near $0.014, representing an over 15% upswing. This recovery is matched by a noteworthy jump in trading volume, soaring by more than 150% in the past day to over 877 million.
Additionally, its market cap has ballooned by over 44%, reaching upwards of $1.5 billion, positioning it as the sole asset among the leading three performers with a market cap within the billion-dollar bracket.
Top Losers
ORDI (ORDI)
ORDI (ORDI) saw a notable slip over the previous week, topping the chart of decliners with a 23.26% fall, as detailed by CoinMarketCap.
Insights reveal ORDI initiated the week at about $38 but experienced a consistent downward push. The most sizable dip happened around July 5th, when its value nosedived from roughly $32 to about $27.
Though a minor rebound was observed later in the week, closing at around $30.7, it wasn't enough to elevate its standing. As of now, ORDI continues to hover within the $30 range.
The market cap of ORDI has modestly increased by over 4% to more than $630 million, hinting at a somewhat sustained interest despite the price fall.
Nevertheless, its trade volume has substantially diminished by over 28% to about $124.3 million.
Pendle (PENDLE)
The market trajectory of Pendle (PENDLE) remains troubled, marking its second week of noteworthy losses, with a 22.45% depreciation, positioning it as the week's secondary major decline.
Observations indicate PENDLE initiated the week around $5, briefly rallying for slight gains.
Alas, it succumbed to bearish pressures, consistently trailing downward throughout the week, ultimately resting at roughly $4.
As the new week unfolds, PENDLE’s price has further reduced to about $3.8.
Surprisingly, despite this continued downtrend, its market valuation slightly improved, now exceeding $592 million with a growth of over 1% in the past 24 hours.
The trade sum for PENDLE currently stands at around $65 million, marking a decline of nearly 10%.
Fantom (FTM)
An analysis reflecting Fantom (FTM) on a daily scale showed it kicking off positively over the last week, transacting at around $0.58, with an upward adjustment of 8.80%.
Nonetheless, the asset encountered serious hurdles on July 3rd and 4th, with setbacks of 14.71% and 11.53% respectively, which dragged its value down to roughly $0.44.
Despite a modest rebound toward the end of the week with a 6.41% climb to $0.45, prior losses overshadowed the gains.
CoinMarketCap records depict these events culminating in Fantom concluding the week as the third-largest falter, facing an overall reduction of 20.95%.
Its market worth is cataloged at around $1.2 billion, reflecting a decline in valuation. Furthermore, the trading volume too witnessed a slump, aggregating to about $118.6 million, indicative of diminished market action.
