Markets
Weekly Crypto Market Winners and Losers – LINK, BONK, WLD, WIF
- Fantom, Chainlink and Bonk were the biggest gainers of the week.
- Worldcoin, dogwifhat and Etherna recorded the biggest losses of the week.
Bonk [BONK] remained a top gainer for another week, while Chain link [LINK] makes his comeback after a long absence.
On the other hand, World Currency [WLD] had a bad week, ranking among the biggest losers, and dogwifhat didn’t perform well enough to be among the winners.
The biggest winners
Ghost [FTM]
An analysis of Ghost [FTM] showed that it started the week low but ended high. On May 12, its price was around $0.70. It then declined over the next few days, reaching a low of around $0.64.
However, from May 15, the price started to increase and returned to the $0.70 range by the end of the day. By the end of the week, its price had risen to around $0.89.
According to data from CoinMarketCapFantom’s price has increased by almost 26% over the past seven days, making it the biggest gainer.
At the time of writing, it was trading at around $0.89, with a market cap of over $2.5 billion, up over 6%.
Chain link [LINK]
Analysis of AMBCrypto on Chain link [LINK] on a daily chart showed that it started the week with an increase of almost 2%, reaching around $13.50. However, it declined over the next two days to around $12.90.
Then, back-to-back significant rebounds – a 6.8% increase followed by a nearly 12% rise – pushed its value to around $15.50. By the end of the week, it was trading at around $16.30.
Source: TradingView
According to CoinMarketCap, Chainlink was the second biggest gainer over the past seven days, increasing by almost 23%.
The Relative Strength Index (RSI) indicated a strong uptrend, with an RSI of around 65.
At the time of writing, Chainlink was trading at around $16.70, an increase of over 2%, and its market cap was around $9.7 billion.
Bonk [BONK]
Bonk [BONK] was the third biggest gainer of the week, increasing about 21.4% over the past seven days.
It was the highest rank memecoin winner, marking a significant improvement from his status as one of the top losers from the previous week.
AMBCrypto’s point of view BONK showed that it started the week at around $0.000022, fell to a low of $0.000021 on May 13, but then saw consecutive uptrends.
By the end of the week, it had risen to around $0.000026.
BONK had risen further to around $0.000028 at the time of writing. It is market capitalization was around $1.7 billion, having increased more than 12% in the past 24 hours.
Additionally, its trading volume has exceeded $500 million, increasing by over 150% in the last 24 hours.
The biggest losers
World Currency [WLD]
World Currency [WLD] generally sees positive development following OpenAI announcements, but the recent announcement did not have the same effect.
WLD ended up as the biggest loser of the week, falling more than 16%. The daily chart shows that it started the week with an increase of almost 3%, reaching around $5.90.
Source: TradingView
However, it declined by over 5.2% on May 13 and fell another 15.28% on May 14, bringing its value down to around $4.70. Over the next few days, it struggled to reclaim the $5 area.
At the time of writing, it was trading at around $4.90. The Relative Strength Index (RSI) indicated a bearish trend, being below neutral.
WLD’s market cap was around $1 billion at press time, having declined by almost 1%.
dogwifhat [WIF]
dogwifhat [WIF] was the second biggest loser of the week, down more than 13%, according to CoinMarketCap.
Price analysis showed that it started the week at around $2.90 and reached around $3.20 on May 13. However, it could not maintain positive momentum and fell to $2.50 by the end of the week.
At the time of writing, it was trading at around $2.60. Its market capitalization was around $2.6 billion, down more than 6% in the last 24 hours.
Ethena [ENA]
Analysis of the Ethena [ENA] The price chart showed consistent declines throughout the week. Although there were occasional uptrends, back-to-back declines erased any gains made.
The chart indicates that ENA started the week at around $0.80 but fell to around $0.75 by the end of the week. As of this writing, it has fallen further to around $0.73.
According to CoinMarketCap, the price of ENA has decreased by more than 13.5% over the last seven days. Its market capitalization was around $1.1 billion at the time of writing.
Conclusion
Here’s the weekly recap of the biggest winners and losers. It is essential to keep in mind the volatile nature of the market, where prices can change quickly.
So it is best to do your own research (DYOR) before making an investment decision.
Following: PEPE: Profit taking triggers a fall in prices? Investor profits reach 92%