Despite the sluggishness in the crypto market, some cryptocurrencies have emerged as the top gainers of the week. However, amidst this, others like Core, Wormhole, and Uniswap have experienced significant losses, contributing to a 7.54% drop in the global market cap.
In the face of a 6.79% decrease in the global crypto market cap, many cryptocurrencies have been affected. However, amid this decline, some cryptocurrencies have managed to experience significant surges in value, earning them the title of top crypto gainers. Despite the overall market downturn, there’s been a notable 76.67% surge, raising the total value to $140.44 billion. This surge hints at a potential market recovery in the near future. Let’s delve into the recent performance and key statistics of the top crypto gainers and losers of the week in this blog.
Top Crypto Gainers of the Week
Nervous Network (CKB): Nervous Network (CKB) leads the pack as the top gainer of the week, currently priced at $0.02725 following a remarkable 39% surge. Despite a slight dip from its recent three-year high of $0.03739 on April 10th, its trading volume has surged to $321,751,287, reflecting a 43.72% increase.
Neo (NEO): Neo (NEO) has seen a bullish peak this week, hitting $23.53, its highest point in almost two years. However, it’s now trading at $20.14 after a 31% surge. While its market cap faced a minor dip to $1,417,686,698, its trading volume remains strong at $460,791,440.
Toncoin (TON): Toncoin (TON) soared to a new all-time high of $7.65 before settling at $6.81, marking a 27% surge for the week. Ranked 9th on CoinmarketCap, it boasts a market cap of $23,655,717,700 and a trading volume of $855,183,727, a 50% increase in the last 24 hours.
Ethena (ENA): Ethena (ENA) joins the top gainers list for the second time, now trading at $1.30 with a 20.74% surge for the week. With a market cap of $1,552,414,107, the ENA token has surged 88.45% since its launch, hinting at potential ATHs in the near future.
VeChain (VET): VeChain (VET) has made strides in price recovery this week, seeing a 10% surge to trade at $0.045. Despite a slight decline today, its trading volume has surged by 14% in the last 24 hours, reaching $248,846,434.
Top Crypto Losers of the Week
The cryptocurrency market has experienced a downturn, with a notable 7.54% decrease in the global market cap, now standing at $2.44 trillion. Despite a surge in trading volume to $137.29 billion over the last 24 hours, the market’s overall direction remains negative, impacting major cryptocurrencies like Bitcoin and Ethereum, which saw losses of approximately 4% and 8% respectively.
Core (CORE): Core takes the lead among the top losers of the week, suffering a significant 39.9% drop in its value to trade at $1.58. With a market cap of $1.39 billion and a circulating supply of 880 million CORE tokens, it faces a challenging period despite its compatibility with Ethereum Virtual Machine.
Wormhole (W): Wormhole’s token (W) witnessed a substantial price decrease of 36.38% over the past week, now trading at $0.6013. Despite this decline, its market capitalization remains around $1.08 billion, supported by a circulating supply of 1.8 billion W tokens.
Uniswap (UNI): Uniswap also joins the list of top crypto losers, experiencing a 28.91% decline in value over the week to reach $7.86. Despite being a leading decentralized exchange, UNI couldn’t evade the market storm, boasting a market cap of $4.71 billion and a circulating supply of 598.7 million coins.
Aptos (APT): Aptos faced a 25.93% decline in its price over the past seven days, now trading at $9.82. Despite this drop, the token maintains a market cap of approximately $4.2 billion, with a circulating supply of 424.2 million APT tokens.
Conflux (CFX): Conflux saw a significant underperformance this week, witnessing a 25.3% decrease in price to $0.2689. With a market capitalization of $1.06 billion and an available supply of nearly 3.94 billion CFX tokens, it struggled amidst the market downturn.
THORChain (RUNE): THORChain recorded a 24.17% decrease in its price over the previous week, now standing at $5.65. The token boasts a market capitalization of approximately $3.94 billion, backed by a circulating supply of 333.6 million RUNE tokens.
Sui (SUI): Sui also experienced a downturn, witnessing a 23.96% drop in its value to trade at $1.23 today. Despite this decline, it maintains a market cap of $1.6 billion, with a circulating supply of approximately 1.3 billion SUI tokens.
Worldcoin (WLD), Celestia (TIA), Arweave (AR): Worldcoin, Celestia and Arweave have also faced significant losses, dropping by 23.15%, 22.98%, and 22.66% respectively over the past week. Each of these tokens faces challenges amidst the current market conditions, with their prices and market capitalizations fluctuating accordingly.
In Summary
This week, Nervous Network, Neo, Toncoin, Ethena, and VeChain emerged as top crypto gainers despite market volatility. Nervous Network led with a 39% surge. The broader market decline affected many tokens, including these gainers, emphasizing the need to track both winners and losers for informed investment decisions.
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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