Crypto market’s weekly winners and losers – APE, DOGE, TAO, MKR

• ApeCoin, Dogecoin, and cats in a dogs world are the biggest winners of the past week.
• Popcat, Bittensor, and Maker are the biggest losers of the past week.

The past 24 hours have been eventful for ApeCoin [APE], which claimed the top spot as the week’s biggest winner. This performance coincided with Bitcoin [BTC] finally breaking the $68,000 barrier after weeks of stagnant movement.

While Dogecoin [DOGE] joined the ranks of the week’s winners, Popcat [POPCAT] found itself at the other end of the spectrum, leading the list of top losers.

Biggest Winners

ApeCoin [APE]

The last 24 hours proved pivotal for ApeCoin. Analyzing its price chart, it becomes clear that its impressive run began in the previous trading session.

The chart below shows that APE spiked by 18.21%, rising from $0.73 to over $0.80. At the start of the week, ApeCoin traded around $0.72, with minimal movement. However, by the final trading session, APE had taken off.

Source: TradingView

According to CoinMarketCap, ApeCoin surged by over 60% in the last 24 hours and is the week’s biggest gainer, with nearly 68% growth.

As of now, APE continues its upward trend, with its price currently sitting around $1.20, a level it hadn’t reached in over three months.

The bullish momentum is evident, with the Relative Strength Index (RSI) indicating an overbought condition.

Interestingly, ApeCoin experienced a token unlock in the past week, which didn’t hinder its performance. Its volume has soared by over 2,500% in the last 24 hours, with trading volume surpassing $856 million.

Its market capitalization is nearing $920 million.

Dogecoin [DOGE]

Dogecoin takes the spot as the second-highest gainer of the week. Despite starting the week with a slight dip, trading around $0.11, DOGE saw continuous uptrends throughout the week, reaching a peak of $0.14.

Data from CoinMarketCap showed that Dogecoin gained over 27% during the week. However, as of press time, DOGE has seen a slight pullback, trading with a 1% decline at $0.14.

Its market capitalization stood at $20.7 billion, down by 2% in the last 24 hours, while its volume has dropped by 29%, now at $1.5 billion.

cat in a dogs world [MEW]

Another memecoin, cat in a dogs world [MEW], secured the position as the third-highest gainer of the week, with an almost 25% gain.

MEW started the week at around $0.006 and gradually climbed to $0.008 by week’s end, hitting a high of $0.009 before settling.

Its trading volume has declined by over 51%, at $72 million at press time, while its market capitalization hovered at $761 million.

Top 500 Gainers

Among the top 500 crypto assets, Goatseus Maximus [GOAT] led the charge with a 310% increase over the past week. MATH [MATH] followed with an impressive 180% gain, while Virtual Protocol [VIRTUAL] rounded out the top three with a 151% rise.

Biggest Losers

Popcat [POPCAT]

Popcat [POPCAT] was the biggest loser of the week. It started the week at around $1.30, experiencing a 6.8% decline.

While POPCAT did witness some gains during the week, they were outweighed by more significant losses, resulting in an 8% decline by the end of the week, closing at $1.20.

Source: TradingView

Despite the drop, POPCAT remained above its 50-day and 200-day moving averages, maintaining a bullish trend according to its RSI.

CoinMarketCap data shows that POPCAT dropped by nearly 16% over the week. Its market capitalization currently stands at $1.2 billion, with an 8% decline in trading volume, now at $85 million.

Bittensor [TAO]

Bittensor [TAO] is the second-biggest loser of the week, recording a 14% drop. TAO began the week trading at $658.7 but faced significant losses, ending the week at $557.

TAO’s market capitalization stands at $4.1 billion, down by 1% in the past 24 hours, while its trading volume is around $92 million, representing a 16% drop.

Maker [MKR]

Rounding out the top three biggest losers is Maker [MKR], which saw an almost 11% decline. MKR started the week at $1,354 but dropped to $1,214 by week’s end.

In the last 24 hours, Maker’s trading volume has declined by 18%, sitting at $52 million. Its market capitalization remains above $1 billion.

Top 500 Losers

Within the top 500 assets, Moodeng [MOODENG] was the biggest loser, with a 34% decline. Neiro Ethereum [NEIRO] followed closely with another 34% loss, and SPX 6900 [SPX] saw a nearly 32% drop.

Interestingly, NEIRO and SPX were among the biggest gainers the previous week.

Conclusion 

Here’s the weekly recap of the biggest gainers and losers. It’s crucial to bear in mind the volatile nature of the market, where prices can shift rapidly.

Thus, doing your own research (DYOR) before making investment decisions is best.