Markets
Cryptocurrency market weekly winners and losers: LDO, ENS, WIF, NOT
- Pendle, Lido DAO, and Ethereum Name Service were the biggest winners last week.
- zkSync, dogwifhat and Notcoin were the biggest losers of the week.
Pendel [PENDLE] saw the market swing in its direction emerging as the biggest gainer in a turbulent week for cryptocurrencies.
Meanwhile, zkSync experienced a challenging debut, quickly feeling the impact of market forces in what could be described as its “baptism by fire.”
The biggest winners
Pendel [PENDLE]
PENDULUM started the week in a positive way, even if the trend was not entirely smooth. It opened at around $5.6 and closed the week around $6.0.
Data from CoinMarketCap indicates that PENDLE has gained 15.48% over the past week, positioning it as the highest gaining price for the week.
AMBCrypto analysis revealed that Pendle price fluctuated throughout the week, falling to $4.8 and peaking at $6.2.
At the time of writing, it was trading at around $6.1, showing a modest increase from last week’s closing price.
Its market capitalization was approximately $947 million, with a trading volume of approximately $57 million. Notably, its volume has decreased by 26% in the last 24 hours.
Lido DAO [LDO]
The gaze of AMBCrypto Lido DAO [LDO] on a daily time frame revealed that it started the week with a gain of 3.81%, increasing its price from around $2 to $2.15.
It then suffered a significant drop of more than 7% on June 17, bringing its price to around $1.90. However, subsequent rises of around 10% and 6.5% helped it recover, pushing its price above $2 to around $2.3.
The chart indicated that the LDO closed 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 with the second-largest gainer, according to LDO data CoinMarketCapwhich posted a gain of 7.86% for 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, resting on 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 stood at approximately $1.9 billion, after declining over the past 24 hours.
Additionally, trading volume over the past 24 hours was approximately $106 million, a reduction of approximately 24%.
Ethereum Name Service [ENS]
Ethereum Name Service [ENS] started the week with a price of around $24.30, starting on a positive note with an early gain. However, she soon suffered a major setback, falling to around $22.7 the next day.
Despite this, ENS subsequently saw significant increases and was trading at around $26.8 on June 21.
Despite facing a sharp decline towards the end of the week, with the price dropping to around $25, ENS still managed to end the week with a gain of 7.7%.
This performance made it the third-biggest gainer of the week, according to data from CoinMarketCap.
According to the latest update, Ethereum Name Service (ENS) market capitalization was around $788 million and its trading volume stood at around $79 million.
In the last 24 hours, the market capitalization has decreased by more than 2% and the trading volume has significantly decreased by more than 40%.
The biggest losers
zkSync [ZK]
During the week of its debut, zkSync [ZK] emerged as the biggest loser, according to CoinMarketCap data. Data indicated that the week started at around $0.27, but suffered rapid declines throughout the week.
Market forces have not provided the expected favorable reception. 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%.
According to the latest update, its market capitalization stood at approximately $673 million, having increased by more than 2% in the last 24 hours.
Its trading volume was around $181 million, down more than 38% in the past 24 hours.
Dogwifhat [WIF]
Examining AMBCrypto by Dogwifhat [WIF] revealed that it started the week up more than 7%, trading at around $2.60.
However, this increase was only a brief interruption of the downward trend it had experienced the previous week.
After the initial rise on June 16, it suffered subsequent declines. 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, dropping more than 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, the memecoin’s market capitalization amounted to approximately $1.7 billion.
Its trading volume was around $240 million, which decreased significantly, showing a decline of more than 40% in the last 24 hours.
Not money [NOT]
According to data from CoinMarketCap, Not money [NOT] it was there third biggest loser of the week, recording a decline of more than 25% compared to last week.
AMBCrypto’s NOT analysis indicated that it started the week with a price of around $0.02, but started declining from the start. By the end of the week, its price had dropped to around $0.015.
At the time of this writing, its market capitalization stood at $1.5 billion, up more than 3%. However, its trading volume of around $321 million has fallen by more than 30% in the past 24 hours.
Conclusion
Here is the weekly summary of the biggest gainers and losers. It is crucial 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.