Top Cryptocurrency Gainers & Losers Of The Week

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As a researcher with experience in the crypto market, I’ve noticed that the past week has seen significant volatility in cryptocurrency prices. Meme coins have been particularly active, with Bonk (BONK) and Pepe (PEPE) leading the pack as the top weekly gainers. BONK surged more than 58% this week, while PEPE saw a recovery of 37.25%. Hedera (HBAR), which wasn’t affected much during March’s bullish rally, also made it to the list with a surge of over 30%.

With the crypto market showing no clear signs of transitioning into a bullish phase at present, investors have come to terms with this reality. However, as we approach the end of the month, there’s an underlying sense of anticipation regarding what the upcoming month might hold for the cryptocurrency market. Before we bid farewell to the current month, let’s take a closer look at the top performers and underperformers among cryptocurrencies during the past week.

Top Crypto Gainers Of The Week

Among the cryptocurrencies experiencing significant gains this week, meme coins have taken the lead by posting the most impressive increases. In fact, no less than three of the top five gainers are meme coins. So, let’s explore the top performers in the crypto market for this period.

1. Bonk (BONK) 

This week, BONK, which had been underperforming with subpar value, has astonished its investors by recording significant gains. Currently, it is the leading cryptocurrency in terms of percentage increase and has experienced a surge of over 58%. The token’s price has consequently risen from a low of $0.00001507 to reach a high of $0.00002922.

Currently, the value of one BONK token is priced at $0.00002368, while its total market capitalization amounts to $1,543,024,826 and its trading volume reaches $420,537,051.

2. Pepe (PEPE) 

Following several sluggish days, PEPE experienced a remarkable turnaround, registering a 37.25% increase in value within just one week. The meme coin’s worth bounced back from its lowest point at $0.000005192 to reach a peak of $0.000008081 during this period. At present, PEPE’s price hovers around $0.000007121 with a market capitalization of $2,995,621,883 and a trading volume of $762,324,339.

3. Hedera (HBAR) 

I’ve experienced an extraordinary week in my crypto investments, specifically with Hedera Hashgraph. The prices skyrocketed by an astounding 100%, reaching a yearly peak at $0.1803 on the 24th of April. Despite this remarkable surge, the price has seen a minor correction since then. However, it’s essential to note that Hedera is still up by a substantial 32%, now valued at $0.1076.

HBAR was relatively unfazed by March’s robust cryptocurrency upward trend. Yet, it outperformed others in the crypto downturn. Its market capitalization amounts to $3.84 billion, while its trading volume reaches $245 million.

Top Crypto Losers Of The Week

When the market was under bearish pressure, every cryptocurrency experienced price decreases and instability. Notably, Etherna, Ronin, and Toncoin endured the most significant losses among the top cryptocurrencies.

1. Ethena (ENA) 

Over the past few weeks, Ethena experienced a significant reversal in its value. The token’s price plummeted by 21% within a week, going from a high of $1.1177 to a low of $0.7832. This decline made Ethena the most losing cryptocurrency during that period. Currently, Ethena is trading at $8.08, with a market capitalization of $1,150,946,727 and a trading volume of $330,014,516.

2. Ronin (RON) 

The price of Ronin has been decreasing steadily for several days now, resulting in a significant loss of 37.23% over the past month. This downturn comes after Ronin reached its peak price of $4.50 only a month ago. The token began to slide into a downward trend approximately 15 days ago. At present, the token is trading at a value of $2.73 following a weekly decrease of 14.7% and a daily decline of 8%. Ronin’s market capitalization amounts to $863,582,261, while its 24-hour trading volume is recorded at $31,370,007.

3. Toncoin (TON) 

This month, Toncoin put on an impressive display with a strong rally. However, fear has once again surfaced as the token’s price has decreased by 15.60% over the past week. The current price of TON stands at $5.20, representing a 32% drop from its record high.

In spite of taking a tumble, the cryptocurrency remains among the leading 10 digital assets on Coinmarketcap. Its market value is estimated at an impressive $18,087,580,049, while its trading volume amounts to $184,186,317.

Conclusion

The Bitcoin halving occurred a week ago, but there were no significant bullish movements right after the event. Instead, BONK, PEPE, and Hedera took the lead as the top performing cryptocurrencies that week. On the other hand, Ethana, Ronin, and Toncoin experienced less favorable outcomes. As a new month approaches, there is growing anticipation for market recovery following this month’s losses.

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2024-04-27 11:08