- The cryptocurrency market has seen a rollercoaster ride in May with significant climbs and corrections across the board.
- Not Coin and Pepe Coin showcased remarkable gains, securing their place among the top 20 cryptocurrencies.
- “Not Coin’s extraordinary performance has caught the attention of investors worldwide,” stated a market analyst.
Explore the latest trends and price movements in the crypto market this week. Get insights into the top gainers and losers and what may unfold next.
Top Performers and Underperformers: Not Coin Stands Out
Despite market volatility and corrections prompted by the Ethereum ETF approval, some cryptocurrencies managed to emerge as major gainers. Among the hundreds vying for attention, NOT, JASMY, and BGB stood out.
Weekly Winners: New Additions to the Winners Club
Not Coin (NOT) claimed the title of the top gainer this week with a 163% surge. In the past 24 hours alone, it climbed 24% to reach $0.01415, just 2% shy of its all-time high of $0.01445 set during its initial launch phase.
Jasmy Coin (JASMY), despite a significant drop post-launch, experienced a 67% increase this week, making it the second-highest gainer. The coin added 17% to its value in the last 24 hours, trading currently at $0.03554.
Bitget Token (BGB) also had a bullish week with a 28% rally, peaking at a new all-time high of $1.48. Though its price has slightly retracted, the market factors driving its value upwards remain intact.
Altcoins in the Shadows
Conversely, several cryptocurrencies saw significant declines. Bitcoin and Ethereum, as well as other major cryptos, saw their values pulled down, including PEPE, which also succumbed to bearish trends in the latter part of the week.
The biggest losers this week include:
- Core (CORE): Core DAO suffered a significant drop from its peak of $2.47 to $1.95, marking a 69% retracement from its best-performing days.
- Akash Network (AKT): From being one of the top gainers to experiencing a volatile week, AKT started the month strong above $6 but fell 12% to $4.65.
- Theta Network (THETA): Despite a market uptrend in March, THETA has been unable to regain lost value and fell 11% this week to $2.09, still far from its all-time high of $15.90.
Conclusion
This week’s volatile market conditions present mixed outcomes for various cryptocurrencies. While Not Coin and others shine, flagging coins like Core and Theta hint at a complex future ahead. Stay tuned for more updates on market trends and strategies to navigate the crypto landscape effectively.
