Markets
Top Cryptocurrency Gainers and Losers of the Week
The second week of July was a good recovery week as the market cap returned to $2.18 trillion and Bitcoin is trading at $58,000. Additionally, the fear and index data moved from fear to neutral, indicating growing investor confidence in the market. With this, the market has seen some good crypto gainers bringing in fresh revenue and losers who lost to the bears.
This comes after selling pressure eased in the market and inflows increased in the Bitcoin ETF
. Furthermore, in the latest reports, JP Morganthe famous financial institution, predicted a market recovery by August.
This week’s biggest crypto winners
This week, the most popular cryptocurrencies of the year have made their comeback, including Notcoin and XRP, which are among the most popular cryptocurrencies this year. This surge is essential for the market to recover the losses suffered by investors in the previous week.
MANTRA (OM)
Mantra is among the winning cryptocurrencies for the second week, as this meme coin also performed well the previous week. It is now trading at $1.07 after hitting an all-time high of $1.14 on Monday. Although its value has declined since then, it still recorded a 25% gain over the week.
Notcoin (PAS)
Notcoin reached its highest level in early June, reaching an all-time high of $0.02896. However, the value dropped by almost 50% over the course of the month, with a deep drop to $0.009515 on July 5 before a 41% recovery over the last seven days. With this, Notcoin’s price is at $0.01511 with a market cap of $1,549,446,678.
Ripple (XRP)
Despite the challenges, XRP has seen a nice recovery after the market crash. XRP Price has struggled for years, but the recent drop has brought it to its lowest level of the year at $0.3984. However, with the improvement in Ripple vs SEC
In this case, XRP has seen a 22% increase over the week and 16% over the past day, currently trading at $5.4.
This week’s biggest losers in cryptocurrencies
In addition to the winning cryptocurrencies, losers also made their mark in the market this week. Most importantly, meme cryptocurrencies are among the biggest losers of the week despite their high demand and profitable nature in slow markets.
1. Hoppy
Hoppy’s current decline is somewhat surprising as the token recently set a new all-time high of $0.0002025 on June 6, the day after the stock market crash. At that time, Hoppy became one of the top cryptocurrency gainers. Interestingly, it has maintained a 311% gain over the month despite dropping 41% this week. It is now 45% away from its ATH, with a current value of $0.0001124.
2. Dogwifhat (WIF)
Dogwifhat’s value continues to decline despite its popularity among investors. The meme coin left its glory days months ago and has struggled to hold its own in the market ever since. This week’s 22% drop is a testament to the WIF token’s failure in the current market. It is now trading at $1.60, the lowest value in four months, with a market capitalization
of $1,596,078,622.
3. Michi (MICHI)
For several weeks, Michi has been on the losing side. It dropped by over 39% in the last 30 days before recovering slightly at the beginning of the month. However, this week was a bearish one as it lost 39% of its value. It is currently trading at $0.1075 with a market cap of $59,724,346.
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