- This week, Toncoin, Render, and Akash Network emerged as the biggest gainers in the crypto market.
- On the other hand, Core, Bonk, and Pendle experienced significant losses.
- The trend of meme coins appears to have subsided, at least for now, with Bonk being one of the biggest losers.
Get the latest updates on the biggest winners and losers in the crypto market this week. Understand the market trends and make informed investment decisions.
Biggest Winners of the Week
Toncoin, Render, and Akash Network outperformed other cryptocurrencies this week, with Toncoin leading the charge. Despite a decrease in trading volume, these tokens experienced significant price increases.
Toncoin’s Steady Climb
Toncoin’s price climbed steadily throughout the week, starting at approximately $5.9 and reaching around $6.8. Despite a decrease in trading volume, Toncoin boasts a market capitalization exceeding $24 billion.
Render’s Strong Performance
Render also performed well this week, with a notable 20.80% increase. Despite some declines during the week, its overall uptrends compensated for any losses. As of this writing, its volume was around $210.5 million, with a market capitalization of around $4.2 billion.
Akash Network’s Impressive Increase
Akash Network emerged as the third-largest gainer this week, boasting an impressive 18.33% increase. Despite experiencing downturns during the week, the token rebounded and concluded the week at around $5.7.
Biggest Losers of the Week
Core, Bonk, and Pendle were the biggest losers this week, with Core experiencing a significant decline of 14.62%. Bonk, once a high-flying memecoin, faced negative performance, while Pendle experienced a 13.55% loss in value.
Core’s Challenging Trajectory
Core’s price trend revealed a challenging trajectory, with the token starting the week at approximately $1.9 and subsequently experiencing a steady decline. By the week’s end, its price had plummeted to around $1.5.
Bonk’s Notable Decline
Bonk experienced a negative pattern resembling a declining staircase, indicative of a notable decline. By the end of the week, its price had dropped to around $0.000022, marking it as the second-largest loser of the week.
Pendle’s Downturn
Pendle experienced a downturn this week, with a 13.55% loss in value over the past week. The price trend analysis revealed that the week started at around $5.0, with a brief surge to over $5.3 on the 6th of May. However, the price began to decline steadily, ultimately settling around $4.3 by the week’s end.
Conclusion
While Toncoin, Render, and Akash Network emerged as the biggest gainers, Core, Bonk, and Pendle were the biggest losers. It’s crucial to bear in mind the volatile nature of the market, where prices can shift rapidly. Thus, doing your own research before making any investment decisions is best.
