- Pendle, Lido DAO and Ethereum Name Service were the biggest winners last week.
- ZkSync, dogwifhat and Notcoin were the biggest losers of the week.
Pendulum [PENDLE] saw the market swing in its direction as it emerged as the biggest gainer in a turbulent week for cryptocurrencies.
Meanwhile, zkSync had a rocky debut and quickly felt the impact of market forces in what could be described as its “baptism by fire.”
The biggest winners
Pendulum [PENDLE]
PENDLE started the week on a positive note, although its progress was not entirely smooth. It opened at around $5.6 and closed the week around $6.0.
Data from CoinMarketCap indicates that PENDLE has rallied 15.48% over the past week, making it the week’s top gainer.
Analysis by AMBCrypto revealed that the price of Pendle fluctuated during the week, dropping to $4.8 and peaking at $6.2.
At the time of writing, it was trading at around $6.1, showing a slight increase from last week’s closing price.
Its market cap was around $947 million with a trading volume of about $57 million. Its volume has decreased by 26% in the last 24 hours.
Lido DAO [LDO]
AMBCrypto view of Lido DAO [LDO] on the daily time frame revealed that it started the week with a 3.81% gain, taking its price from around $2 to $2.15.
On June 17, it then experienced a significant drop of over 7%, bringing its price down to around $1.9. However, subsequent gains of around 10% and 6.5% helped it to recover, pushing its price above $2 to around $2.3.
The chart showed that LDO ended the week down 4.9%. Still, it managed to keep the price above $2, trading around $2.1.
Despite significant losses throughout the week, LDO finished as the second-highest gainer according to data from CoinMarketCap, posting a gain of 7.86% for the week.
Source: TradingView
Lido DAO’s Relative Strength Index (RSI) indicated that it remains in a bullish trend despite recent declines. At the time of writing, the RSI was above and resting on the neutral line.
This indicates that while Lido DAO is still in a bullish trend, the trend is relatively weak.
As of last update, Lido DAO has a market capitalization of approximately $1.9 billion, with a drop in the last 24 hours.
Additionally, its trading volume in the last 24 hours was around $106 million, which also saw a decrease of around 24%.
Ethereum Name Service [ENS]
Ethereum Name Service [ENS] started the week at around $24.3, starting positive with initial profit. However, it soon faced a major setback and fell to around $22.7 the following day.
Despite this, ENS then saw a significant increase, trading at around $26.8 on June 21.
Despite a big decline towards the end of the week, when its price dropped to around $25, ENS still managed to close the week with a gain of 7.7%.
That performance made it the third-biggest gainer of the week, according to data from CoinMarketCap.
As of last update, Ethereum Name Service (ENS) has a market capitalization of approximately $788 million and a trading volume of approximately $79 million.
In the last 24 hours, the market capitalization has decreased by more than 2% and the trading volume has significantly decreased by more than 40%.
The Biggest Loser
zkSync [ZK]
During its debut week, zkSync [ZK] emerged as the biggest loser, according to CoinMarketCap data. The data indicated that it started the week around $0.27 but saw a rapid decline during the week.
Market forces have not seen the expected favorable reception. By the end of the week, its price had fallen to around $0.18.
According to CoinMarketCap data, ZK closed the week with a significant drop of more than 37%.
As of last update, its market capitalization is around $673 million, up more than 2% in the last 24 hours.
Its trading volume was around $181 million, down more than 38% in the last 24 hours.
Dogwifhat [WIF]
AMBCrypto examination of Dogwifhat [WIF] revealed that it started the week up more than 7%, trading at around $2.6.
However, this increase was only a brief interruption of the previous week’s downtrend.
After an initial rise on June 16, it faced consecutive declines. At the end of the week, Dogwifhat was trading around $1.74.
According to data from CoinMarketCap, memecoin was the second biggest loser of the week, dropping more than 28%.
Its Relative Strength Index (RSI) indicated that it is entrenched in a strong bearish trend.
Source: TradingView
The RSI was barely above 30, highlighting the intensity of the bearish momentum and indicating that it is very close to entering an oversold zone.
According to the latest data, memecoin’s market capitalization was around $1.7 billion.
Its trading volume was around USD 240 million, which has decreased significantly, showing a drop of more than 40% in the last 24 hours.
Notcoin [NOT]
According to data from CoinMarketCap, Notcoin [NOT] was the week’s third-biggest loser, falling more than 25% over the past week.
AMBCrypto’s NOT analysis indicated that it started the week at around $0.02, but started to decline right from the start. By the end of the week, its price had dropped to around $0.015.
At press time, its market cap was $1.5 billion, up more than 3%. However, its trading volume, which was around $321 million, has decreased by more than 30% in the last 24 hours.
Conclusion
Here’s a weekly recap of the biggest winners and losers. It is important to keep in mind the volatile nature of the market, where prices can change quickly.
Therefore, it is best to do your own research (DYOR) before making any investment decision.