- Pendle, Lido DAO and Ethereum Name Service were the biggest winners last week.
- zkSync, dogwifhat, and Notcoin were the biggest losers this week.
Pendle [PENDLE] It emerged as the biggest gainer in a tumultuous week for cryptocurrencies, and the market swung in that direction.
On the other hand, zkSync had a rocky debut and quickly felt the effects of market forces during its “trial run,” so to speak.
The Biggest Winner
Pendle [PENDLE]
PENDLE started the week strong, even if progress wasn’t entirely smooth, opening at around $5.6 and finishing the week at around $6.0.
According to data from CoinMarketCap, PENDLE has risen 15.48% over the past week, making it the top gainer this week.
According to analysis by AMBCrypto, Pendle’s price fluctuated throughout the week, dropping to a low of $4.8 and hitting a high of $6.2.
At the time of writing, it is trading at around $6.1, up slightly from last week’s closing price.
Its market cap is around $947 million and its trading volume is around $57 million. Notably, trading volume has fallen by 26% in the past 24 hours.
Lido DAO [LDO]
AMBCrypto’s Look at the Lido DAO [LDO] A daily look reveals that the week started with a 3.81% increase, with the price rising from around $2 to $2.15.
Then, on June 17th, a big drop of over 7% occurred, dropping the price to around $1.9, but then recovered with gains of around 10% and 6.5%, pushing the price above $2 to around $2.3.
According to the chart, LDO ended the week down 4.9%, but the price remained above $2, trading at around $2.1.
Despite experiencing significant losses during the week, LDO ended the week with the second-highest gains, posting a 7.86% increase, according to data from CoinMarketCap.
Source: TradingView
Lido DAO’s Relative Strength Index (RSI) indicates that the bullish trend continues despite the recent decline. At the time of writing, the RSI has risen above the neutral line and is remaining above it.
This suggests that although Lido DAO is still in a bullish trend, the trend is relatively weak.
As of the latest update, Lido DAO’s market cap was around $1.9 billion, falling over the past 24 hours.
Additionally, trading volume over the past 24 hours was approximately $106 million, also down approximately 24%.
Ethereum Name Service [ENS]
Ethereum Name Service [ENS] The stock started the week strong with shares initially rising at around $24.3, but quickly faced a major setback, dropping to around $22.7 the following day.
Nonetheless, ENS has since experienced a significant rally and was trading around $26.8 on June 21st.
Even though ENS faced a significant sell-off over the weekend, with prices dropping to around $25, it still managed to end the week up 7.7%.
The performance made Bitcoin’s third-largest gain this week, according to CoinMarketCap data.
As of the latest update, Ethereum Name Service (ENS) had a market cap of approximately $788 million and trading volume of approximately $79 million.
Over the past 24 hours, market capitalization has fallen by over 2% and trading volume has plummeted by over 40%.
Biggest Loser
zkSink [ZK]
During the debut week, zkSync [ZK] This was the biggest drop according to data from CoinMarketCap, which showed that the cryptocurrency started the week at around $0.27 but experienced a steep decline throughout the week.
The market did not react as favorably as expected, and by the end of the week, its price had fallen to around $0.18.
ZK ended the week with a significant drop of over 37%, according to data from CoinMarketCap.
As of the latest update, the company’s market capitalization was approximately $673 million, up more than 2% in the past 24 hours.
Trading volume was around $181 million, down more than 38% over the past 24 hours.
Dogwif Hat [WIF]
AMBCrypto’s Dogwifhat research [WIF] The company said its shares started the week up more than 7% to trade at about $2.60.
However, this increase was only a temporary interruption in the downward trend that had been continuing since the previous week.
After the initial rise on June 16, it faced consecutive declines. By the end of the week, Dogwifhat was trading at around $1.74.
The meme coin fell more than 28%, its second-biggest drop this week, according to data from CoinMarketCap.
The Relative Strength Index (RSI) showed that the company is in a strong bearish trend.
Source: TradingView
The RSI is just above 30, highlighting the strength of the bearish momentum and indicating that it is very close to the oversold zone.
According to the latest data, the memecoin’s market capitalization is around $1.7 billion.
Trading volume was around $240 million, down significantly and representing a drop of over 40% in the past 24 hours.
KnotCoin [NOT]
According to CoinMarketCap data, Notcoin [NOT] It’s the third-biggest drop this week and has seen the stock fall more than 25% over the past week.
According to AMBCrypto’s NOT analysis, the price started the week at around $0.02 but started to fall from the get-go. By the end of the week, the price had dropped to around $0.015.
At the time of writing, the company’s market cap has increased by more than 3% to $1.5 billion, but trading volume, which was around $321 million, has fallen by more than 30% in the past 24 hours.
Conclusion
Below is a roundup of the biggest gainers and losers for the week: It is important to keep in mind the volatile nature of the market, where prices can fluctuate rapidly.
Therefore, it is best to do your own research (DYOR) before making any investment decisions.
