Crypto Analyzer

The Crypto Market: Weekly Recap of Biggest Gainers and Losers

May brought a mix of highs and lows to the crypto market, with some cryptocurrencies reaching new peaks while others underwent corrections. One standout performer was Pepe Coin, which soared to new heights, secured a spot among the top 20 cryptocurrencies, and doubled its value. As June begins, the excitement is palpable for what lies ahead. Before diving into investment plans, let’s take a look at the biggest crypto gainers and losers of the week.

Biggest Crypto Gainers of The Week

Despite market challenges and corrections post the Ethereum ETF approval, a few cryptocurrencies managed to shine bright as the biggest gainers of the week. NOT, JASMY, and BGB emerged as top performers.

1. Notcoin (NOT)

Notcoin claimed the top spot among gainers with a staggering 163% surge this week, bringing its price to $0.01415. With a recent 24% jump, NOT is inching closer to its all-time high target of $0.01445. The momentum is strong for this cryptocurrency.

2. JasmyCoin (JASMY)

JasmyCoin, despite facing a substantial decline since its launch, rebounded strongly this week with a 67% surge in value, making it the second biggest gainer. Currently trading at $0.03554, JASMY is showing signs of a bullish trend.

3. Bitget Token (BGB)

Bitget Token experienced a 28% rally this week, reaching a new all-time high of $1.48. While the price might be wavering slightly, bullish factors could potentially drive BGB’s value even higher in the near future.

Biggest Crypto Losers of The Week

On the flip side, some cryptocurrencies faced significant declines this week as the market witnessed a pullback. Even top performers like Bitcoin and Ethereum saw a downtrend, along with other coins like PEPE.

1. Core (CORE)

Core DAO experienced a notable dip, dropping to $1.95 from a high of $2.47 in recent days. With a 69% decline from its peak, CORE is struggling to regain its previous levels.

2. Akash Network (AKT)

Akash Network had a rollercoaster ride this week, starting strong but ending with a 12% fall, bringing its value down to $4.65 from above $6. Market volatility has impacted AKT’s performance.

3. Theta Network (THETA)

THETA, despite past bullish conditions, failed to recover its value, experiencing an 11% decline this week. With its price at $2.09, THETA is far from its all-time high and faces challenges in regaining traction.

As the crypto industry continues to evolve rapidly, fluctuations are inevitable. While some coins thrive, others face setbacks. The market’s dynamic nature provides opportunities for both gainers and losers to pivot when conditions change.

For more insights into the crypto landscape, check out the latest trends in biggest crypto airdrops to watch out for in June 2024.