Markets
Cryptocurrency Market Weekly Winners and Losers: HNT, JUP, NOT, BRETT
- Helium, Pyth Network and Jupiter finished last week as the biggest winners.
- Brett, Lido DAO, and Notcoin saw the biggest losses last week.
helium and Jupiter recently topped the rankings of cryptocurrency growth stocks, both seeing significant increases in their respective valuations.
In contrast, Brett and Notcoin have performed less favorably, falling on the lower end of the performance spectrum.
The biggest winners
Helium (HNT)
Price analysis of helium has seen a steady increase over the past few weeks, starting around July 12, according to AMBCrypto.
The last seven days have seen more price increases than declines. The price of helium increased by more than 8% at the beginning of last week, from around $4.5 to $4.8.
Furthermore, despite two drops recorded on two different days of the week, it closed at around 5.5 dollars, marking an increase of 4.8%. CoinMarketCap The data shows HNT as the best performer of the week, with an overall gain of 18.8%.
Source: TradingView
Additionally, Helium’s Relative Strength Index (RSI) is currently above 70, indicating a strong uptrend, albeit overbought.
HNT was trading at around $5.3 at press time, showing a slight decline of over 2%. Its market capitalization is over $860 million, with a trading volume of over $17 million.
These parameters have also registered an increase in the last 24 hours.
Pyth Network (PYTH)
Pyth Network (PYTH) ranked as the second-biggest gainer of the week with a rise of over 9%, as reported by CoinMarketCap.
The price of PYTH started the week at around $0.36, but suffered several declines. These declines continued until July 26, after which the price trend changed positively.
By the end of the week, PYTH price had risen to around $0.39. Currently, the price has further approached the $0.40 zone. Additionally, Pyth Network’s market cap stands at over $1.4 billion, marking a growth of over 3% in the last 24 hours.
However, its trading volume has decreased by around 18%, currently standing at around $80 million.
Jupiter (JUP)
THE Jupiter (JUP) price trend started the week at around $1 but encountered some volatility. It suffered declines, falling to around $0.9 during the week. However, it recovered, reaching a weekly high of $1.17 and ended the week at around $1.12.
Second CoinMarketCapJupiter was the third biggest gainer of the week, up over 8%. Its trading volume topped $234 million, showing a significant 80% increase in the last 24 hours.
Additionally, Jupiter’s market cap has surpassed $1.5 billion, up about 4% over the same period.
The Biggest Losers
Brett (BRETT)
brett (BRETT) had a challenging week, starting at around $0.15 and experiencing a series of declines. By the end of the week, its trading price had fallen to around $0.12.
Second CoinMarketCapBrett recorded a substantial weekly decline of 18.14%, becoming the biggest loser of the week. According to the latest update, the price remained at $0.12 and continued to decline.
Additionally, its market cap stood at around $1.2 billion, down around 4% over the past 24 hours. Despite the price drop, its trading volume saw a significant increase of around 16%, reaching around $44 million.
Lido DAO (LDO)
Lido DAO suffered a significant decline last week, resulting in a 17.41% decrease in its value, making it the second-lowest losing cryptocurrency, according to CoinMarketCap.
LDO started the week at around $1.9 and followed a downward trend. By the end of the week, its price had fallen to around $1.6, although there were signs of a small recovery. Currently, it continues to trade in the $1.6 range.
Lido DAO’s market cap is around $1.4 billion. In addition, its trading volume has reached nearly $140 million, marking an increase of around 29% in the last 24 hours.
Notcoin (NOT)
Over the past seven days, Notcoin has been mostly trending downwards, only showing a positive trend once.
NOT started the week at around $0.016, already down nearly 1%. Aside from a brief rally on July 26, it fell throughout the week, closing at around $0.014.
Source: TradingView
According to CoinMarketCap, Notcoin price has dropped by over 14%, making it the third biggest loser of the week. Currently, its price has further dropped to around $0.013.
Notcoin’s market cap has dropped more than 3% in the past 24 hours, now sitting at around $1.3 billion. However, its trading volume has increased by more than 17%, reaching over $158 million.
Conclusion
Here is a weekly summary of the biggest winners and losers. It is important to keep in mind the volatile nature of the market, where prices can change rapidly.
Therefore, it is best to do your own research (DYOR) before making any investment decisions.