### Cryptocurrency Market Recap: Top Gainers and Losers of the Week

18 views 1:26 pm 0 Comments May 13, 2024

This Week’s Best and Worst Performing Cryptocurrencies | CoinGape

As the crypto market remains subdued without any signs of a bullish upturn, investors have accepted the prevailing conditions. Looking ahead to the next month, there is a sense of anticipation building up within the cryptocurrency sphere. Before we conclude this month, let’s analyze the top performers and underperformers in the realm of digital currencies for this week.

Leading Cryptocurrencies This Week

Meme-based coins have taken the spotlight as the top gainers in the cryptocurrency market over the past week. Among the top 5 gainers, meme coins have secured three positions. Let’s explore the best-performing cryptocurrencies of the week.

1. Bonk (BONK)

Surprising its investors with significant gains, BONK, which previously had a lackluster performance, emerged as the top gainer this week in the crypto space, recording an impressive surge of over 58%. Its price surged from a low of \(0.00001507 to a high of \)0.00002922.

Currently, BONK is priced at \(0.00002368, with a market capitalization of \)1,543,024,826 and a trading volume of $420,537,051.

2. Pepe (PEPE)

After a period of sluggish performance, PEPE managed to stage a remarkable recovery with a 37.25% surge over the week. This meme coin witnessed its value climb from a low of \(0.000005192 to a weekly high of \)0.000008081. Presently, PEPE is trading at \(0.000007121, with a market cap of \)2,995,621,883 and a trading volume of $762,324,339.

3. Hedera (HBAR)

Experiencing a significant price surge of 100% earlier in the week, Hedera reached a yearly high of \(0.1803 on April 24th. Despite a slight pullback, the token still managed a 32% increase, settling at \)0.1076.

HBAR stood out during the recent crypto downturn, showcasing resilience compared to other cryptocurrencies. It currently boasts a market cap of \(3,837,385,703 and a trading volume of \)244,976,281.

Worst Performing Cryptocurrencies This Week

With the market facing a bearish phase, cryptocurrencies witnessed price declines and heightened volatility. Among the top losers, Ethena, Ronin, and Toncoin faced notable setbacks.

1. Ethena (ENA)

Following a period of positive momentum, Ethena experienced a 21% decline in value over the week. The token’s price dropped from the weekly high of \(1.1177 to a low of \)0.7832, making it the top loser in the crypto space this week. Currently valued at \(8.08, Ethena holds a market cap of \)1,150,946,727 and a trading volume of $330,014,516.

2. Ronin (RON)

Ronin has witnessed a continuous price decline in recent days, with a 37.23% drop over the month. After reaching an all-time high of \(4.50 a month ago, Ronin is currently priced at \)2.73 following a 14.7% weekly drop and an 8% decrease within a day. The token has a market cap of \(863,582,261 and a 24-hour trading volume of \)31,370,007.

3. Toncoin (TON)

Despite a strong rally earlier in the month, Toncoin experienced a 15.60% drop in value over the week. TON’s price retraced by 32% from its peak and currently stands at $5.20.

Despite this setback, Toncoin remains among the top 10 cryptocurrencies on CoinmarketCap, with a market capitalization of \(18,087,580,049 and a trading volume of \)184,186,317.

In Summary

Following the Bitcoin halving event, the market did not witness immediate bullish activities. BONK, PEPE, and Hedera emerged as the top gainers of the week, while Ethena, Ronin, and Toncoin faced notable losses. With a new month approaching, the market is positioned for potential recovery after the losses incurred this month.

✓ Share:

coingape

  • Crypto Market Selloff: $70 Bln Liquidated As BTC, SOL, XRP, SHIB Prices Fell
  • XRP, ADA, BCH, LTC, STX Declared Zombie Among 20 Crypto By Forbes
  • Bitcoin ‘Sell’ Calls on the Rise Amid Trader FUD and Impatience, What’s Next?
  • Crypto Prices Today April 27: Bitcoin At 62K, Ethereum Dips, SOL & XRP Crash
  • Michael Saylor Says Bitcoin Is Hope for Japan As Yen Collapses to 34-Year Low

The opinions and viewpoints expressed in this content belong solely to the author and do not reflect the official stance of CoinGape. Prior to making any cryptocurrency investments, conduct thorough market research. Neither the author nor the publication can be held accountable for any personal financial losses incurred.

Next Story

cingape

SUBSCRIBE TO

DAILY NEWSLETTER

Stay informed with the latest updates, news, and prices in the cryptocurrency world.

image