Crypto market’s weekly winners and losers – NEIRO, SUI, FTT, KAS

• First Neiro, Mog Coin, and Sui are the week’s biggest winners.
• FTX, Kaspa, and Wormhole had the largest losses of the week.

The past week saw significant volatility in the crypto market, with some tokens recording impressive gains while others suffered sharp losses.

Among the top-performing cryptocurrencies, First Neiro On Ethereum [NEIRO] emerged as the biggest gainer, with an increase of over 100%.

Meanwhile, FTX Token [FTT] and Kaspa [KAS] led the losers, experiencing notable declines.

Biggest gainers

First Neiro On Ethereum [NEIRO]

First Neiro On Ethereum [NEIRO] had an outstanding week, becoming the top gainer among the largest 100 cryptocurrencies. Starting the week at $0.00096, NEIRO saw a significant surge in price, ending the week at $0.002. 

According to CoinMarketCap, NEIRO gained over 112% in the past seven days, pushing its market capitalization to nearly $840 million and ranking it 76th among cryptocurrencies by market cap.

However, NEIRO’s trading volume decreased by around 30% in the last 24 hours, currently sitting at $583 million.

Mog Coin [MOG]

Mog Coin [MOG] secured its place as the second-highest gainer of the week. The memecoin, saw a 33% increase over the past seven days.

It started by trading at $0.0000014 and experienced fluctuations throughout the week, with a dip to $0.0000013 before recovering to $0.00000186 by the end of the seven days.

While its volume dropped by 5%, Mog Coin’s market capitalization rose by over 3%, reaching approximately $734 million, with a trading volume of around $25.8 million.

Sui [SUI]

Sui [SUI] also made headlines as one of the top performers.

The token experienced a 29% increase over the past week, which is particularly notable given its token unlock event on the 1st of October, releasing 64.19 million SUI tokens worth approximately $114.27 million.

Source: TradingView

Sui began the week at $1.87, steadily increasing to $2, followed by a few days of declines.

However, it ended the week on a strong note, with price gains of 12% and 9% in the last two days, bringing its price to $2.24, its all-time high.

The token was in a strong bullish trend at press time, as indicated by its Relative Strength Index (RSI) of 72, signaling that it was overbought.

Sui’s market capitalization grew by 10%, reaching $6.15 billion, with a trading volume increase of 18%, standing at $1.1 billion.

Top 500 gainers

In the broader crypto market, SPX 6900 [SPX] was the top gainer among the top 500 cryptocurrencies, with a staggering 308% increase, trading at $0.89 at press time.

Apu Apustaja [APU] followed with a 144% gain, trading at $0.00096. Another notable gainer was the creatively named HarryPotterObamaSonic10Inu, which saw a 119% increase and was now trading at $0.3.

Biggest Losers

FTX Token [FTT]

The biggest loser of the week was FTX Token (FTT), which continues to suffer from the fallout of the collapsed exchange FTX.

FTX Token saw a significant decline of over 20% during the week. Starting at $2.528, it ended the week trading at $2.05. The token is currently part of bankruptcy proceedings, and its future remains uncertain.

Despite its loss, traders remain active, with 26.24 million in trading volume. This represented a 26% decline in volume over the past 24 hours. FTT’s market capitalization was $678 million at press time.

Kaspa [KAS]

Kaspa [KAS] also experienced a rough week, with its price falling from $0.14 to $0.13, marking a 9% decline.

As of this writing, Kaspa has a market capitalization of around $3.3 billion, with a trading volume of approximately $36 million.

Wormhole [W]

Wormhole [W] completed the list of the biggest losers. W started the week at $0.34, with a small 0.5% increase, but experienced significant declines throughout the week.

By the end of the week, Wormhole was trading at $0.32, representing an 8% loss.

Source: TradingView

Wormhole held a market capitalization of $815 million, with a trading volume of $57 million.

Top 500 losers

Among the top 500 cryptocurrencies, PepeCoin [PEPECOIN] suffered the most, with a loss of nearly 35%, trading at $2.02. LCX [LCX] was the second-largest loser, with a 27% decline, bringing its price to $0.133.

Civic [CVC] was the third-largest loser, seeing a 26% drop and trading at $0.15.

Conclusion 

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

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