The top crypto gainers this week include SOON with a 185% surge, Internet Computer at 70%, and Filecoin at 54%, driven by sector momentum and project updates. Major losers were SPX6900 down 25%, Virtuals Protocol at 20%, and Bittensor at 20%, amid market indecision and profit-taking.
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SOON led gains with 185% rally amid accumulation and breakout trading.
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Internet Computer rose 70% following AI platform launch.
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Filecoin climbed 54%, supported by DePIN sector activity and increased derivatives volume.
Discover the top crypto gainers and losers this week, including SOON’s 185% surge and SPX6900’s 25% drop. Stay informed on market trends for smarter trading decisions. Read more now! (152 characters)
What Are the Top Crypto Gainers and Losers This Week?
Top crypto gainers and losers this week reflect a market marked by indecision, with Bitcoin consolidating around key levels and Ethereum showing low-volume sideways movement. Smaller tokens saw sharp moves, as SOON [SOON] surged 185% on breakout momentum, while SPX6900 [SPX] dropped 25% after breaking support. Overall trading volume remained light, highlighting selective trader interest in news-driven plays.
How Did Sector Momentum Influence This Week’s Crypto Performers?
Momentum in sectors like AI and decentralized physical infrastructure networks (DePIN) played a pivotal role in shaping the week’s top performers. For instance, Internet Computer [ICP] benefited from the rollout of its AI platform, Caffeine, drawing significant inflows and sparking a 70% rally, though subsequent profit-taking led to a partial reversal. Data from derivatives markets showed an $85 million influx, underscoring initial enthusiasm, but open interest fluctuations indicated potential volatility ahead.
Filecoin [FIL] similarly rode DePIN trends, posting a 54% gain amid heightened anticipation for DePIN Day on November 18. Trading volume in FIL derivatives rose 819%, with open interest up 115.8% and sell volume reaching $88 million, as noted by industry analysts. This activity suggested extended upside potential toward $2.4–$2.6, yet recent red candles erased over 25% of gains, testing buyer resolve.
On the downside, AI-focused projects faced headwinds. Virtuals Protocol [VIRTUAL] declined 20% after a whale offloaded 26.42 million tokens, reinforcing resistance at $1.9. Bittensor [TAO] also fell 20% to $360, erasing monthly gains as traders exited positions from its $530 peak. These movements align with broader risk-off sentiment, where established supports failed to hold, per TradingView charts.
Frequently Asked Questions
What Caused SOON’s 185% Weekly Gain?
SOON [SOON] achieved a 185% weekly gain through a combination of prior accumulation and a market dip that prompted deeper investments. Starting with a 2.24% dip, it rallied 119% on November 5, reaching $1.60, followed by another 70% push. RSI indicators entered overbought zones, signaling potential short-term pullbacks, but the structure remains bullish with higher highs established. (48 words)
Which Tokens Showed the Strongest Declines in Crypto This Week?
The strongest declines this week hit SPX6900 [SPX] at 25%, Virtuals Protocol [VIRTUAL] at 20%, and Bittensor [TAO] at 20%. SPX broke below $0.80 support, forming lower lows from $1.6 to $0.67. VIRTUAL faced whale selling pressure, while TAO saw mass exits after failing to hold $400, reflecting profit realization in a cautious market. (52 words)
Key Takeaways
- Selective Gains in Altcoins: Tokens like SOON, ICP, and FIL outperformed majors, driven by project-specific news and sector hype, offering opportunities for traders monitoring smaller caps.
- Memecoin and AI Vulnerabilities: Losers such as SPX and TAO highlighted risks in speculative areas, with support breaks and whale activity amplifying downside in low-volume conditions.
- Market Indecision Persists: With Bitcoin shaky at $100k and Ethereum drifting, focus on risk management and awaiting clearer signals before major positions.
Conclusion
This week’s top crypto gainers and losers underscore the volatility in altcoins amid overall market indecision, with SOON’s breakout and ICP’s AI-driven rally contrasting SPX’s support failure and TAO’s trader exits. As Bitcoin consolidates and sectors like DePIN gain traction, investors should prioritize fundamentals and monitor key levels for sustained trends. Stay vigilant for upcoming events like DePIN Day to inform future strategies.
Key Takeaways
Which crypto tokens were the highest gainers this week?
SOON [SOON], Internet Computer [ICP], Filecoin [FIL] led the week in gains.
Which crypto tokens lost the most this week?
SPX6900 [SPX], Virtuals Protocol [VIRTUAL], Bittensor [TAO] saw significant declines.
The crypto market spent the week stuck in indecision.
Bitcoin’s [BTC] 100k consolidation stayed shaky. Ethereum [ETH] drifted sideways on low volume.
Overall, it was a week of choppy price action, light trading, and a wait-and-see mood.
Meanwhile, with the majors going nowhere, traders instead hunted for quicker wins in smaller, news-driven plays.
Weekly winners
SOON [SOON] – Promising alt surged with a triple-digit breakout
SOON [SOON] topped this week’s gainers chart with a staggering 185% rally. The bullish structure was already in place, but this week’s market dip seemed to trigger deeper allocation into the altcoin.
Initially, the week began with a 2.24% drop, extending its two-week consolidation below the $1 level. Such tight-range moves often indicate underlying accumulation, which can set the stage for a breakout.
Then, on the 5th of November, SOON triggered a 119% rally, closing at $1.60, which accounted for nearly 65% of the weekly gains.
Plus, with the RSI pushing deep into overbought territory, a sell-off seemed highly likely.
Source: TradingView (SOON/USDT)
Even so, the bearish momentum proved short-lived.
By the end of the week, SOON posted another 70%+ rally, registering two consecutive higher highs. This move reinforced the bullish structure, as the bulls actively defended key levels.
Looking ahead, if the trend persists, SOON could test the $2.50 resistance next. Meanwhile, the recent 10.85% intraday dip to $2.15 may act as a short-term cooldown, potentially flipping that level into support.
Internet Computer [ICP] – Web project climbed back to Q1 levels
Internet Computer [ICP] emerged as the second biggest winner this week, surging 70%. This rally followed the launch of its AI platform, Caffeine, which immediately sparked a market frenzy.
However, it’s important to separate hype from reality to see if ICP can sustain the bull run. On the daily chart, it’s down about 20% after breaking $9, highlighting clear signs of capitulation.
At the same time, derivatives saw an $85 million influx following Caffeine’s news, putting longs under significant squeeze. Unless bids reappear, ICP’s weekly gains look more driven by hype than fundamentals.
Filecoin [FIL] – Storage token tests bull’s resilience after a solid rally
Filecoin [FIL] came in third this week with a 54% rally. Similar to ICP, FIL’s surge coincided with sector-wide momentum in the DePIN network ahead of DePIN Day on the 18th of November, sparking a frenzy.
As COINOTAG noted, derivatives activity jumped, with volume up 819% and Open Interest rising 115.8%, while 24-hour sell volume hit $88 million, suggesting FIL could target $2.4–$2.6.
However, with back-to-back red candles erasing 25%+ of gains, bulls will need to establish a solid support level.
Otherwise, FIL could retrace toward $1.7 if selling pressure persists, testing the resilience of recent buyers.
Other notable winners
Outside the majors, altcoin rockets stole the spotlight this week.
DeAgentAI [AIA] led the charge with a 568% surge, followed by Ore [ORE] jumping 395%, and Tomi [TOMI] rallying 268% to round out the leaderboard.
Weekly losers
SPX6900 [SPX] – Synthetic index token broke a key support level
SPX6900 [SPX] topped this week’s losers chart with a 25% drop. Although the pullback was a part of a market-wide memecoin cooldown, SPX’s performance still stands out as the weakest among its peers.
Looking at the weekly chart, SPX has posted four consecutive lower lows, falling from $1.6 to $0.67 at press time, reflecting a bearish structure as bulls failed to defend key support, thereby triggering further selling.
This week, the dip pushed SPX below the $0.80 floor, taking the memecoin back to mid-May levels. While spot buyers stepped in, the impact remains limited unless a solid support forms.
Source: TradingView (SPX/USDT)
That said, the odds do not favor the bulls.
Given that the broader market remains risk-off, memecoins are under pressure, and rotational flows are muted, a break below $0.60 could trigger a deeper pullback, potentially dragging SPX toward pre-April FUD levels.
Virtuals Protocol [VIRTUAL] – AI project reinforced resistance at a key level
Virtuals Protocol [VIRTUAL] came in second on the weekly losers chart, falling 20% from its $1.67 open. As an AI-focused coin, this performance in a risk-off market marks a key divergence from its past two weekly rallies.
Notably, after a 100% gain over the previous two weeks, this week’s 20% dip looks more like a reset phase. However, COINOTAG tracked a whale shedding 26.42 million VIRTUAL tokens, which triggered this pullback.
Hence, the focus now clearly shifts to the bulls.
With VIRTUAL testing the $1.9 resistance for the second time in three weeks, this rotation appears more like strategic exit. If bulls fail to break through again, further bleeding could follow for the next two weeks.
Bittensor [TAO] AI-focused blockchain saw a mass exit of traders
Bittensor [TAO] came in third on the weekly losers chart, dropping 20% to $360. Notably, this pullback wiped out nearly a month of gains, pushing the price back to mid-October levels.
On the daily chart, bearish structure is forming.
Earlier in the week, a mid-week rebound attempt was crushed by sellers, which triggered an 8% drop on November 8 and failed to flip the $400 level into a solid floor for recovery.
Looking ahead, a breach of the $360 floor could trigger a deeper slide in the short term. Plus, with traders realizing gains from TAO’s $530 peak, bulls may struggle to absorb the pressure, leaving the downside exposed.
Other notable losers
In the broader market, downside volatility hit hard.
Wilder World [WILD] led the losers with an 87% drop, followed by SEDA [SEDA] down 63%, and Paparazzi Token [PAPARAZZI], which slipped 49% as momentum sharply cooled.
Conclusion
This week was a rollercoaster. Big pumps, sharp dips, and nonstop action. As always, stay sharp, do your own research, and trade smart.
