This week, despite no significant improvements in Bitcoin and Ethereum prices, cryptocurrencies like ORDI, STX, and KAS have emerged as the top gainers. It has also been a standout week for many other tokens such as BNB, Toncoin, FLOKI, and others, as they reached new heights, setting new all-time records.
The greed levels, as measured by the fear and greed index based on market sentiments, were high. The global market cap averaged around $2.5 trillion. With so many achievements and perfect market conditions, let’s explore the top crypto gainers and losers to plan the upcoming investment options.
Bullish Market Leads to Growth: Top Crypto Gainers
Thanks to bullish market conditions, several cryptocurrencies experienced growth and emerged as the top crypto gainers. Among them, ORDI, STX, and KAS stood out as the top three performers.
1. ORDI (ORDI): ORDI experienced a significant dip by the end of May, which continued until recently before prices began to move upward in early June. As the highest crypto gainer of the week, ORDI, launched on the Bitcoin blockchain, saw a 27% increase over the week. At the time of writing, the ORDI price is $60.51 with a market cap of $1.2 billion.
2. Stacks (STX): STX ranks second among the crypto gainers, with a 22.33% surge in its value over the past few days. It gained momentum in May when it reached an all-time high of $3.84, but a subsequent drop followed. However, the STX price began to rise again and is currently trading at $2.26 with a market cap of $3.3 billion.
3. Kaspa (KAS): KAS is nearing its all-time high target of $0.1919, but the price is currently in decline. Despite this, the altcoin has gained 14% over the week and is trading at $0.1578 with a market cap of $3,766,377,452. It remains the third biggest crypto gainer despite facing declines.
Crypto Losers of the Week
This week, while some cryptocurrencies enjoyed gains, others faced declines, presenting opportunities for strategic buying and selling. According to CoinMarketCap, the top three crypto losers of the week are BEAM, TIA, and LIDO.
1. Beam (BEAM) Beam’s price has dropped by 21% over the past week, currently trading at $0.02278. A 4% decline in the last 24 hours has contributed to its market cap falling to $1.1 billion.
2. Celestia (TIA) Celestia experienced a 20% decline in value over the week, with its current price at $9.13. The cryptocurrency saw a 6% drop in the last 24 hours, nearing its monthly low. It has a market cap of $1.76 billion and a trading volume of $76 million.
3. Lido DAO (LIDO) Lido DAO’s price has been on a downward trend, declining by 18.5% over the week. Currently trading at $1.94, it saw a 4% decrease in the last 24 hours, bringing its market cap to $1.7 billion.
With both bullish and bearish movements in the market, investors have had opportunities to navigate through the week’s crypto gainers and losers. As the month progresses, the market conditions have already shown potential for gains, with anticipation building for the upcoming altcoin season.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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