- Starknet, Helium and SUI posted the biggest gains last week.
- DOGS, Cosmos and Beam were the biggest losers of the past week.
DOGS came out blazing, well, almost, as it became one of the crypto market’s biggest losers over the past week. Helium topped the winners list last week, coming in second last week, ensuring it remains among the biggest gainers.
Biggest winners
Starknet [STRK]
Analysis of the Starknet [STRK] price development indicates an eventful week. It started around $0.35 and saw successive price increases, reaching $0.44 by the end of the week.
According to data from CoinMarketCapSTRK was the biggest gainer last week, with a remarkable increase of 23%.
Furthermore, trading volume saw significant spikes throughout the week. Volume initially rose to over $120 million; later in the week it exceeded $160 million.
However, at the time of writing, volume is down slightly to approximately $119 million, reflecting an 11% decline. Starknet’s market cap currently stands at over $776 million.
Helium [HNT]
Helium for the second week in a row [HNT] has proven to be one of the biggest winners in the cryptocurrency market. The week before, HNT was the biggest gainer, with an increase of more than 5%.
This past week, it continued its strong performance, becoming the second biggest gainer with an increase of 16.6%.
At the start of the week, Helium was trading around $7. There was some upward movement, but the price increased significantly around September 4.
On September 6, HNT reached a high of $8.6. By the end of the week, the price was trading around $8. At the time of writing, HNT is still trading around $8, with a market cap of around $1.2 billion.
However, trading volume has fallen by more than 50% in the last 24 hours, currently around $16.3 million.
Sui [SUI]
Analysis by Sui [SUI] a daily chart shows that trading started the week around $0.76, with an initial decline of more than 4%. Price movement was choppy all week, with the short moving average (yellow line) acting as resistance.
However, successive uptrends on September 6 and 7 turned this resistance into support. During these two days, SUI saw price increases of over 5% and 6% respectively, and by the end of the week it was trading around $0.90.
Source: TradingView
Data from CoinMarketCap shows that the SUI increased by over 16%, making it the third highest gainer of the week.
The price increase shifted SUI from a bearish to a bullish trend, as confirmed by the Relative Strength Index (RSI), which rose above the neutral line and was approaching 60 at the time of writing.
SUI is trading with an additional 3% upside and its market cap is around $2.4 billion. However, trading volume has declined by almost 30%, with current volume sitting at around $301.7 million.
Despite the volume drop, the recent price action and trend shift indicate continued bullish momentum for SUI.
Biggest losers
DOGS [DOGS]
DOGS recently caused a spike in activity on the Ton Network due to massive transactions, but has since seen significant declines after the initial hype subsided.
According to data from CoinMarketCap, DOGS was the biggest loser of the past week, dropping more than 18%.
At the beginning of the week, DOGS recorded a price of around $0.0012, but suffered significant declines during the remaining days. By the end of the week, the price was trading at around $0.0010.
At the time of writing, the market cap is approximately $527 million, reflecting a decline of almost 3%.
Furthermore, DOGS trading volume has fallen by approximately 35%, with current volume sitting at around $350.6 million.
Cosmos [ATOM]
An analysis of Cosmos (ATOM) on a daily chart shows a downward price trend over the past week. The chart shows that ATOM made gains just once in the week, up over 3%, while negative trends marked the rest of the week.
Data from CoinMarketCap shows that the price of ATOM fell by more than 18%.
Source: TradingView
The recent price declines have reinforced the bearish trend, and analysis of the Relative Strength Index (RSI) shows that it has fallen below 30, indicating that ATOM is now in oversold territory.
ATOM’s market capitalization is approximately $1.4 billion at the time of writing. Trading volume has also decreased significantly, by over 33%, with current volume sitting at around $112 million.
Ray [BEAM]
Beam (BEAM) came in third as the week’s biggest loser, down more than 14%, according to data from CoinMarketCap. An analysis of the price trend shows that BEAM started the week trading around $0.014, but saw consistent declines.
By the end of the week, the price had dropped to around $0.011.
At the time of writing, BEAM’s market capitalization is approximately $596 million, and trading volume is down over 30%, with current volume at approximately $6.3 million.
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.
Credit : ambcrypto.com
