July 19, 2024

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Weekly Winners and Losers in the Cryptocurrency Market – LDO, ENS, WIF, NOT

Weekly Winners and Losers in the Cryptocurrency Market – LDO, ENS, WIF, NOT
  • Pendle, Lido DAO, and Ethereum Name Service were the biggest winners last week.
  • zkSync, dogwifat, and Notcoin were the biggest losers during the week.

Pendle [PENDLE] The market saw a swing in its direction as it emerged as the biggest winner in a turbulent week for cryptocurrencies.

Meanwhile, zkSync had a rocky start, quickly feeling the impact of market forces in what could be described as a “baptism of fire.”

Biggest winners

Pendle [PENDLE]

PENDLE started the week on a positive note, although his progress was not entirely smooth. It opened at approximately $5.6 and closed the week at approximately $6.0.

Information from CoinMarketCap It indicates that PENDLE stock rose 15.48% over the past week, making it the biggest gainer this week.

AMBCrypto analysis revealed that Pendle’s price fluctuated throughout the week, falling as low as $4.8 and peaking at $6.2.

As of this writing, it is trading at around $6.1, showing a modest increase from its closing price last week.

Its market capitalization was approximately $947 million, with a trading volume of approximately $57 million. It is worth noting that trading volume decreased by 26% during the past 24 hours.

Lido Dao [LDO]

AMBCrypto’s look at Lido DAO [LDO] On the daily time frame, it revealed that it started the week with a 3.81% increase, raising its price from around $2 to $2.15.

It then saw a huge drop of over 7% on June 17, taking its price down to around $1.9. However, subsequent rises of around 10% and 6.5% helped the recovery, pushing its price above $2 to around $2.3.

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The chart indicated that LDO ended the week down 4.9%. However, it managed to keep its price above $2, trading at around $2.1.

Despite suffering significant losses during the week, LDO finished second on the gainers list according to data from CoinMarketCapWhich recorded weekly gains of 7.86%.

Lido Dow Price Trend

Source: Trading View

The Relative Strength Index (RSI) for Lido DAO indicated that it remains in an uptrend despite its recent declines. As of this writing, the Relative Strength Index is above the neutral line, and has stabilized there.

This indicates that although Lido DAO is still in an uptrend, the trend is relatively weak.

As of the latest update, Lido DAO’s market capitalization stands at around $1.9 billion, having seen a decline over the past 24 hours.

In addition, trading volume over the past 24 hours was around $106 million, which also saw a decline of around 24%.

Ethereum Name Service [ENS]

Ethereum Name Service [ENS] The week started at around $24.3, and started on a positive note with initial gains. However, it soon faced a major setback, falling to around $22.7 the next day.

Despite this, ENS saw significant increases after that, and by June 21, it was trading at around $26.8.

Despite facing a significant decline at the end of the week, with its price falling to around $25, ENS still managed to close the week with gains of 7.7%.

This performance made it the third biggest gainer this week, according to data from CoinMarketCap.

As of the last update, the Ethereum Name Service (ENS) has a market capitalization of approximately $788 million, and a trading volume of approximately $79 million.

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Over the past 24 hours, the market capitalization has fallen by more than 2%, and trading volume has dropped significantly by more than 40%.

Biggest losers

zkSync [ZK]

During its debut week, zkSync [ZK] They emerged as the biggest losers, according to CoinMarketCap data. Data indicated that it started the week at around $0.27 but saw rapid declines throughout the week.

Market forces were not as well received as expected. By the end of the week, its price had fallen to around $0.18.

According to data from CoinMarketCapZK ended the week with a significant decline of over 37%.

As of the last update, its market capitalization stands at around $673 million, having increased by more than 2% in the past 24 hours.

Trading volume reached approximately $181 million, which fell by more than 38% over the past 24 hours.

Dujoyvat [WIF]

AMBCrypto scan for Dogwifhat [WIF] He revealed that it started the week with a rise of more than 7%, trading at approximately $2.6.

However, this increase was only a brief break in the downtrend seen the previous week.

After the initial rise on June 16, it faced successive declines. By the end of the week, Dojoyvat was trading at around $1.74.

According to data from CoinMarketCapThe memecoin was the second biggest loser this week, seeing a decline of more than 28%.

The Relative Strength Index (RSI) indicated that it was entrenched in a strong downtrend.

Dog price trend

Source: Trading View

The RSI was barely above 30, highlighting the intensity of the bearish momentum and indicating that it was very close to entering the oversold zone.

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As of the latest data, the memecoin’s market capitalization is approximately $1.7 billion.

Its trading volume reached approximately $240 million, which decreased significantly, showing a decline of more than 40% over the past 24 hours.

Not a currency [NOT]

According to data from CoinMarketCap and Notcoin [NOT] He was Third biggest loser This week, it witnessed a decline of more than 25% over the past week.

AMBCrypto’s analysis of NOT indicated that it started the week at around $0.02 but started to decline from the beginning. By the end of the week, its price had fallen to around $0.015.

At press time, its market cap was $1.5 billion, up more than 3%. However, its trading volume, which amounted to about $321 million, fell by more than 30% in the past 24 hours.

Conclusion

Here is the weekly summary of the biggest winners and losers. It is important to take into account the volatile nature of the market, as prices can change quickly.

Therefore, it is best to do your own research (DYOR) before making any investment decisions.