- Pendle, Lido DAO and Ethereum Name Service were the biggest winners last week.
- zkSync, dogwifhat and Notcoin were the biggest losers of the week.
Shuttle [PENDLE] saw the market swing in its direction as it emerged as the biggest winner in a turbulent week for cryptocurrencies.
Meanwhile, zkSync had a challenging debut, quickly feeling the impact of market forces in what could be described as its ‘baptism by fire’.
Biggest winners
Shuttle [PENDLE]
PENDLE started the week on a positive note, although progress was not entirely smooth. It opened at around $5.6 and closed the week around $6.0.
Data from CoinMarketCap shows that PENDLE has gained 15.48% over the past week, positioning the company as the top gainer of the week.
AMBCrypto’s analysis showed that Pendle’s price fluctuated throughout the week, falling to $4.8 and peaking at $6.2.
At the time of writing, the stock was trading at around $6.1, showing a modest increase from last week’s closing price.
Its market capitalization was approximately $947 million, with a trading volume of approximately $57 million. It is striking that the volume has decreased by 26% in the last 24 hours.
Lido DAO [LDO]
AMBCrypto’s look at Lido DAO [LDO] A daily time frame showed that it started the week with an increase of 3.81%, taking the price from around $2 to $2.15.
Then on June 17, it experienced a significant drop of over 7%, dropping its price to around $1.9. However, subsequent increases of around 10% and 6.5% aided the recovery, pushing the price above $2 to around $2.3.
The chart indicated that the LDO ended the week with a decline of 4.9%. Still, it managed to keep the price above $2 and trade around $2.1.
Despite significant losses during the week, LDO finished as the second highest gainer according to data from CoinMarketCap, which posted a 7.86% gain for the week.
Source: TradingView
Lido DAO’s Relative Strength Index (RSI) indicated that it is still in a bull trend despite recent declines. At the time of writing, the RSI was above the neutral line and resting there.
This suggests that although Lido DAO is still in a bull trend, the trend is relatively weak.
According to the latest update, Lido DAO’s market capitalization was around $1.9 billion, after declining in the past 24 hours.
Moreover, the trading volume in the last 24 hours was approximately $106 million, which also saw a decline of approximately 24%.
Ethereum name service [ENS]
Ethereum name service [ENS] started the week at a price of around $24.3, starting on a positive note with an initial gain. However, it soon suffered a major setback and fell to around $22.7 the next day.
Despite this, ENS saw significant gains afterward and on June 21 was trading around $26.8.
Despite seeing a big drop towards the end of the week, with the price falling to around $25, ENS still managed to end the week with a gain of 7.7%.
This performance made it the third biggest gainer of the week, according to data from CoinMarketCap.
As of the last update, the market cap of Ethereum Name Service (ENS) was approximately $788 million, and trading volume was approximately $79 million.
Over the past 24 hours, the market capitalization has fallen by more than 2% and trading volume has decreased significantly, by more than 40%.
Biggest losers
zkSync [ZK]
During its debut week, zkSync [ZK] emerged as the biggest loser, according to data from CoinMarketCap. The data showed that the price started the week around $0.27 but saw rapid declines throughout the week.
Market forces did not ensure the expected favorable reception. By the end of the week, the price had dropped to around $0.18.
According to data from CoinMarketCap, ZK ended the week with a significant drop of over 37%.
According to the latest update, the market cap was approximately $673 million, up more than 2% in the last 24 hours.
Trading volume was approximately $181 million, which was down more than 38% in the past 24 hours.
Dog hat [WIF]
AMBCrypto’s investigation into Dogwifhat [WIF] revealed that it started the week up over 7%, trading at around $2.6.
However, this increase was only a brief respite from the previous week’s downward trend.
After the initial surge on June 16, the economy faced successive declines. By the end of the week, Dogwifhat was trading around $1.74.
According to data from CoinMarketCap, the memecoin was the second biggest loser of the week, down more than 28%.
The Relative Strength Index (RSI) indicated that the company was anchored in a strong bear trend.
Source: TradingView
The RSI barely broke above 30, highlighting the intensity of the bearish momentum and indicating that it was very close to entering the oversold zone.
According to the latest data, the memecoin’s market capitalization was around $1.7 billion.
Trading volume was around $240 million, which was down significantly, down more than 40% in the last 24 hours.
Non-coin [NOT]
According to data from CoinMarketCap, Notcoin [NOT] was the third biggest loser of the week and saw a decline of more than 25% last week.
AMBCrypto’s analysis of NOT indicated that it started the week at a price of around $0.02, but started falling from the start. By the end of the week, the price had fallen to around $0.015.
At the time of writing, the market capitalization was $1.5 billion, an increase of over 3%. However, trading volume, which was approximately $321 million, has fallen by more than 30% in the past 24 hours.
Conclusion
Here’s the weekly recap of the biggest winners and losers. It is crucial to take into account the volatile nature of the market, where prices can change quickly.
So it’s best to do your own research (DYOR) before making any investment decisions.