Markets
Weekly Crypto Market Winners and Losers – PEPE, UNI, AKT, FTM
- Pepe, Uniswap and Lido DAO were the biggest gainers of the week.
- Arweave, Akash Network and Fantom recorded the biggest losses of the week.
Ghost [FTM] was one of the top gainers in the previous rankings, but this week it dropped significantly.
In the meantime, Pepe [PEPE] had an exceptional week, hitting several all-time highs and leading the week’s gainers.
The biggest winners
Pepe [PEPE]
Analysis of AMBCrypto on Pepe [PEPE] on a daily chart showed that it started the week with a decline of 3.98%, falling to around $0.00000916.
However, the next day, it saw a 24.56% increase, taking its value to $0.00001141, marking a new all-time high (ATH). This was just the beginning of a series of ATHs throughout the week.
By the end of the week, PEPE was trading at around $0.00001497 after a 5.80% rise, setting another ATH.
Source: Commercial View
According to data from CoinMarketCapPEPE is up 57.62% over the past seven days, making it the biggest gainer of the week and the meme coin with the highest gains.
At the time of writing, it was trading with an incremental increase of over 1%, bringing its value to approximately $0.000015.
Additionally, its market capitalization exceeded $6.3 billion and its trading volume exceeded $1.8 billion in the last 24 hours.
Uniswap [UNI]
Uniswap [UNI] had a busy week, with analysis showing it started low and ended high. The chart indicates that Uniswap started the week at around $7.70.
On May 20, it saw a significant rise, pushing its price to over $9. The rise continued and by the end of the week UNI was trading above $11.
This peak placed him as the second highest earner, with CoinMarketCap reporting an increase of 41.64%. At the time of writing, it was trading at around $11.40.
Its market capitalization was around $6.8 billion and it increased by more than 5% in the last 24 hours.
Lido DAO [LDO]
Like Uniswap, Lido DAO [LDO] started low and ended high, with a significant peak on May 20. It started the week at around $1.70 and by May 20 it had reached around $2.00.
By the end of the week, its price had risen to around $2.40, making it the third largest gainer of the week.
According to data from CoinMarketCap, the value of LDO increased by 41%. However, over the past 24 hours, its market capitalization declined by over 5% as its price fell.
At the time of writing, its market capitalization was around $2.2 billion. Additionally, its trading volume decreased by more than 50% in the last 24 hours, standing at around $154 million.
The biggest losers
Arweave [AR]
According to data from CoinMarketCap, Arweave [AR] is leading the losers chart with a decline of 14.73% over the past seven days.
The price trend indicates that AR started the week at around $48, but fell to around $46 the next day.
Its decline coincided with when other altcoins on the winners chart began to recover. By the end of the week, AR was trading at around $40. At the time of writing, its decline continued.
Its market capitalization stood at around $2.6 billion at press time, down more than 1%. Additionally, its trading volume decreased by over 30% to over $38 million.
Akash Network [AKT]
The analysis of Akash Network [AKT] revealed an eventful week, starting with a drop from its price zone of $5.8 to around $5.7.
Despite a brief respite on May 21, when its price reached around $5.9, subsequent declines wiped out the gains.
At the end of the week, it was trading at around $5.3, down 9.44% according to CoinMarketCapmaking him the second biggest loser of the week.
At press time, AKT’s downtrend persisted, with its price hovering around $5.31.
Its market capitalization was around $1.2 billion, down almost 1%, while its trading volume was down more than 38% to around $9.1 million.
Ghost [FTM]
The evolution of prices of Ghost [FTM] was interesting, because he was among the top winners of the the previous week. However, a closer look at the daily price chart revealed a decline.
Initially, it almost touched the $1 price zone following a 9.37% increase, bringing its price down to around $0.90. This came after starting the week at around $0.84, following a 4.91% decline.
Source: Commercial View
Despite this increase on May 20, declines followed and by the end of the week its price had fallen to around $0.82, despite a marginal increase of over 2%.
According to data from CoinMarketCapit suffered the third highest loss, falling 8.16% over the past seven days.
At the time of writing, FTM was trading at around $0.81, reflecting a decline of over 1%.
Its market capitalization was around $2.3 billion, with a decline of almost 1%, and its trading volume exceeded $129 million, with a decline of more than 30%.
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.