Markets
Cryptocurrency Market Weekly Winners and Losers – NOT, MANTRA, FTM, PENDLE
- MANTRA, MultiversX and Notcoin were the biggest gainers last week.
- ORDI, Pendle and Fantom ended last week as the biggest losers.
Mantra dominated the gainers’ chart over the past week, leading the market with a solid performance. In contrast, Pendle struggled, remaining on the losers’ chart for a second consecutive week.
The biggest winners
Mantra (OM)
In a week characterized by a general decline in the cryptocurrency market, MANTRA (OM) stood out with a notable gain.
According to CoinMarketCapOM surged 25.05% over the past week, cementing its position as the top gainer. Price action analysis revealed that OM started the week around $0.7 and gained momentum as the week progressed.
Despite some dips that momentarily took its price below the starting point of the week, it closed the week trading above $0.8.
As the new week began, OM continued its upward trajectory, trading around $0.9. Its market cap also increased significantly, currently exceeding $765 million, marking an 8% increase in the last 24 hours.
However, its trading volume has decreased by more than 20%, now standing at around 32.3 million.
MultiversX (EGLD)
MultiversX (EGLD) ended the week as the market’s second-biggest gainer, with data from CoinMarketCap showing a 20.66% increase by week’s end.
Price action analysis revealed that EGLD started the week at around $28.8 and closed near $35 despite some fluctuations. Overall, the asset exhibited more uptrends than downtrends throughout the week.
EGLD’s price movements have been characterized by sharp rallies, a notable feature of its weekly trading pattern. At the time of writing, it was trading at around $34.1.
EGLD’s market cap has reached over $927 million, up 2% in the last 24 hours. However, it is important to note a significant reduction in trading volume, which has decreased by almost 50%, and now stands at almost $34 million.
Notcoin (PAS)
No room (NOT) represented a significant change on the weekly gainers chart, where it followed MultiversX as the next cryptocurrency in line, albeit with single-digit gains initially.
Analyse of NOT The price chart revealed that it started the week with a gain of almost 6%, trading around $0.014. However, it faced a series of declines in the following trading sessions, culminating in a drop of over 9% on July 5. At the end of that trading session, its price was around $0.010.
Despite these setbacks, a major surge towards the end of the week dramatically reversed the trend. NOT’s price jumped 28.61%, propelling it back into the gainers’ charts and closing the week at around $0.013.
Source: TradingView
At the time of writing, NOT was trading at around $0.014, which represents an additional increase of over 15%. This rally comes with a significant increase in trading activity, with its volume increasing by over 150% in the last 24 hours to over 877 million.
Additionally, its market cap jumped more than 44%, reaching over $1.5 billion. This makes it the only asset among the top three gainers with a market cap in the billion-dollar range.
The biggest losers
COMPUTER (COMPUTER)
ORDER (ORDI) saw a significant decline last week, leading the losers’ ranking with a drop of 23.26%, according to CoinMarketCap.
The data revealed that ORDI started the week trading around $38, but then it saw a steady downward trend. The most dramatic drop occurred around July 5, when its price dropped from around $32 to around $27.
Despite a slight recovery later in the week, ORDI closed at around $30.7, which was not enough to get it out of the losers list. At the time of writing, it continued to trade in the $30 range.
The market capitalization of ORDER edged up more than 4% to over $630 million, suggesting some level of buying interest despite recent price declines.
However, transaction volume decreased significantly by more than 28% to approximately $124.3 million.
Pendulum (PENDLE)
Pendulum (PENDLE) continues to struggle in the market, marking its second consecutive week of significant losses. With a drop of 22.45%, it is the second biggest loser of the week.
Data indicates that PENDLE started the week at around $5 and initially attempted slight gains.
However, it quickly succumbed to a downtrend and remained in decline throughout the week, eventually closing at around $4.
As the new week begins, the price of PENDLE has dropped to around $3.8.
Despite this continued price decline, there has been a somewhat unexpected development in its market valuation; the market capitalization has increased slightly, now exceeding $592 million, showing an increase of more than 1% in the last 24 hours.
The transaction volume for PENDLE is approximately $65 million, which has decreased by almost 10%.
Ghost (FTM)
Analyse of Ghost (FTM) indicated on a daily time frame that it had started positively over the past week. It was trading at around $0.58, with a gain of 8.80%.
However, the asset experienced significant setbacks on July 3 and 4, registering declines of 14.71% and 11.53%, respectively, which brought its price down to around $0.44.
Towards the end of the week, FTM managed a modest recovery with a 6.41% increase, pushing its price to around $0.45. However, more was needed to offset earlier losses.
Source: TradingView
According to CoinMarketCap, these moves led Fantom to end the week as the third-biggest loser, with an overall decline of 20.95%.
Its market capitalization stood at around $1.2 billion, reflecting a decline in its value. In addition, the trading volume also decreased, totaling around $118.6 million, indicating reduced trading activity.