Markets
Crypto Market Weekly Winners and Losers – LDO, ENS, WIF, NOT
- Pendle, Lido DAO and Ethereum Name Service were last week’s biggest winners.
- zkSync, dogwifhat and Notcoin were the biggest losers of the week.
Pendle [PENDLE] saw the market swing in its direction as it emerged as the biggest gainer in a turbulent week for cryptocurrencies.
Meanwhile, zkSync had a challenging debut, quickly feeling the impact of market forces in what could be described as its “baptism of fire”.
Biggest winners
Pendle [PENDLE]
PENDING He started the week positively, although his progress was not entirely smooth. It opened at approximately $5.6 and closed the week at around $6.0.
Data from CoinMarketCap indicates that PENDLE gained 15.48% last week, positioning it as the biggest gainer of the week.
AMBCrypto analysis revealed that Pendle’s price fluctuated throughout the week, falling as low as $4.8 and reaching as high as $6.2.
At the time of writing, it is trading at approximately $6.1, showing a modest increase from last week’s closing price.
Its market capitalization was around US$947 million, with a trading volume of around US$57 million. Notably, its volume has decreased by 26% in the last 24 hours.
Read DAO [LDO]
AMBCrypto’s vision Read DAO [LDO] on a daily chart revealed that it started the week with a 3.81% increase, raising its price from approximately $2 to $2.15.
It then suffered a significant drop of more than 7% on June 17, dropping its price to around 1.9 dollars. However, subsequent increases of approximately 10% and 6.5% helped it recover, pushing its price above $2 to around $2.3.
The graph indicated that LDO ended the week with a drop of 4.9%. Even so, it managed to maintain its price above US$2, trading at around US$2.1.
Despite suffering significant losses during the week, LDO finished as the second biggest gainer according to data from CoinMarketCapwhich registered a gain of 7.86% in the week.
Source: TradingView
Lido DAO’s Relative Strength Index (RSI) indicated that it remains in an uptrend despite its recent declines. At the time of writing, the RSI is above the neutral line, supported by it.
This suggests that although Lido DAO is still in an uptrend, the trend is relatively weak.
At last update, Lido DAO’s market capitalization was approximately $1.9 billion, having seen a decline in the last 24 hours.
Furthermore, its trading volume in the last 24 hours was around $106 million, which also saw a reduction of around 24%.
Ethereum naming service [ENS]
Ethereum naming service [ENS] started the week at a price of approximately $24.3, starting on a positive note with an early gain. However, it soon faced a major setback, dropping to around $22.7 the next day.
Despite this, ENS experienced significant increases thereafter and on June 21, it was trading around $26.8.
Despite facing a huge drop at the end of the week, with the price dropping to around $25, ENS still managed to close the week with a 7.7% gain.
This performance made it the third biggest winner of the week, according to data from CoinMarketCap.
As of the last update, the Ethereum Name Service (ENS) market capitalization was approximately $788 million and its trading volume was approximately $79 million.
In the last 24 hours, the market value has decreased by more than 2% and the trading volume has significantly decreased by more than 40%.
Biggest losers
zkSync [ZK]
During its debut week zkSync [ZK] emerged as the biggest loser, according to data from CoinMarketCap. Data indicated that it started the week at around $0.27 but experienced rapid drops throughout the week.
Market forces did not provide the anticipated favorable reception. By the end of the week, its price fell to approximately $0.18.
According to data from CoinMarketCapZK ended the week with a significant drop of over 37%.
At last update, its market capitalization was approximately $673 million, having increased by more than 2% in the last 24 hours.
Its trading volume was around $181 million, which decreased by more than 38% in the last 24 hours.
Dog hat [WIF]
AMBCrypto Exam Dog hat [WIF] revealed that it started the week with an increase of more than 7%, trading at approximately US$2.6.
However, this increase was only a brief interruption in the downward trend that had been registered since the previous week.
After the initial rise on June 16th, it faced consecutive descents. At the end of the week, Dogwifhat was trading at around $1.74.
According to data from CoinMarketCapmemecoin was the second biggest loser of the week, experiencing a drop of over 28%.
Its Relative Strength Index (RSI) indicated that it was entrenched in a strong downtrend.
Source: TradingView
The RSI was just above 30, highlighting the intensity of the bearish momentum and indicating that it was very close to entering the oversold zone.
According to the latest data, memecoin’s market capitalization was approximately $1.7 billion.
Its trading volume was around $240 million, which decreased significantly, showing a drop of more than 40% in the last 24 hours.
Notcoin [NOT]
According to data from CoinMarketCap, Notcoin [NOT] it was the third biggest loser of the week, experiencing a decline of over 25% last week.
Analysis of NOT by AMBCrypto indicated that it started the week at a price of around $0.02, but began to decline from the beginning. By the end of the week, its price fell to approximately $0.015.
At press time, its market capitalization was $1.5 billion, having increased by more than 3%. However, its trading volume, which was around $321 million, has decreased by more than 30% in the last 24 hours.
Conclusion
Here’s your weekly recap of the biggest winners and losers. It is crucial to keep in mind the volatile nature of the market, where prices can change quickly.
Therefore, it is best to do your own research (DYOR) before making any investment decisions.