Despite the market crash, HOPPY and Daddy TATE emerged as the top crypto gainers of the week. On the other hand, Gamestop, BENDOG, and IO have struggled, falling to the bears.
The crypto market experienced a significant decline this week, with the global market cap dropping to $1.97 trillion, the lowest in months. This downturn began with a drop in Bitcoin’s price, which affected investor sentiment. According to the Fear and Greed Index, sentiment is at 37, indicating fear and negatively impacting cryptocurrency performance. Although the market has started to recover slowly, gains are limited, with most cryptocurrencies losing months of progress.
Top Crypto Winners of the Week
Despite a recent market downturn, Bitcoin has made a 3% recovery in the last 24 hours, reaching $57,998.05, along with many other cryptocurrencies. However, two days of declines have impacted overall performance. Still, DADDY, 5 SCAPE, and HOPPY have emerged as the top crypto gainers of the week.
1. DADDY TATE (DADDY): DADDY TATE, a token associated with influencer Andrew Tate, had a challenging start, struggling in the market and showing an overall 19% loss. However, this week has been notable for this meme coin, with its price surging 82%, making it one of the top gainers of the week.
2. 5thscape (5SCAPE): 5thscape is making waves in the AR/VR market with its innovative virtual reality games, movies, and gadgets. The platform’s native token, 5 SCAPE, is currently in its presale phase and has already raised $6,815,041, demonstrating strong investor interest. The price of 5 SCAPE has risen from $0.00187 to $0.00376, and with decentralized exchange listings expected to start at $0.01 per coin, it continues to be a major gainer this week.
3. Hoppy (HOPPY): Hoppy has seen a remarkable 50% surge in the last few hours and a 107% increase over the week, marking a significant recovery amid the market crash. The price has reached a new all-time high of $0.0002016, offering an impressive 4,329.01% gain since its launch in April. Currently valued at $0.000201, Hoppy continues to show strong bullish activity.
Crypto Losers of the Week
This week’s list of crypto losers is notably lengthy due to the impact of the market crash. However, as cryptocurrencies attempt a recovery today, better performance is anticipated for the coming week. For now, IO, BENDOG, and Gamestop have experienced the most significant losses.
1. io.net (IO): IO saw a sharp rise in the crypto market, reaching an all-time high of $6.45 on June 13. However, it has since experienced a downtrend, losing more than 53% of its value, with a 35% decline occurring in the last seven days. The current price of IO is $2.09, with a market cap of $198,612,454.
2. Ben The Dog (BENDOG): BENDOG, a dog-themed meme coin, was a frequent gainer in June but has been heavily impacted by the market crash. It is currently trading at $198,612,454, reflecting a 32% decline over the week and a 70% drop over the month.
3. Gamestop (GME): Gamestop is on the losing side again, with short sellers targeting this altcoin. Although it had a boost earlier, reaching an all-time high of $0.03207, its value has since declined by 82%. Currently, GME is priced at $0.006043, showing a 19% increase in the last 24 hours but still reflecting a 33% drop over the week.
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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