- Mogcoin, Aave and Ronin were the biggest winners last week.
- The biggest losses in the last week were Render, dogwifhat and Akash Network.
Cat-themed memecoin topped the winners list last week, while dog-themed memecoin was among the losers. Despite this, the overall market recorded more gains than losses, indicating a generally positive trend for the period.
The biggest winners
Mog Coin (MOG)
Mog coin [MOG] has emerged as a standout performer over the past week, according to CoinMarketCap ranking data. It closed the week with a remarkable gain of 32.51%, securing its position as the biggest gainer of the week.
Despite a shaky start, starting the week at around $0.0000013 and declining until July 9th, Mogcoin has seen a significant turnaround. From July 9, the price started to rise and closed the week at around $0.0000015.
At the time of writing, Mogcoin was trading at approximately $0.0000019. Its market capitalization has exceeded $683 million, reflecting an 18% increase in just the last 24 hours.
aave (AAVE)
Aave [AAVE] emerged as the second biggest gainer last week, according to data from CoinMarketCap, with an impressive 25.30% increase.
The road was not smooth; started the week down nearly 6%, trading at around $78.27. However, the following day, Aave rebounded by more than 4% and continued to rise throughout the week, ending at around $99.26 – up more than 1.8% on the day.
Further analysis using the Relative Strength Index (RSI) underscores this growth and shows a shift from a bearish to a bullish trend. Initially, the RSI Aave was around 37, but by the end of the week, it climbed to 62, clearly indicating a strong bullish trend.
Source: TradingView
Moreover, Aave managed to break its short-term and long-term moving averages (yellow and blue lines), which previously acted as resistance levels.
At the time of writing, Aave was trading at around $100. Its market capitalization has risen to more than $1.5 billion, an increase of more than 3% in the last 24 hours. Trading volume was also strong, with more than $108 million exchanged.
ronin (RON)
Ronin [RON] according to data from CoinMarketCap, it ranked as the third biggest gainer of the week with a significant increase of over 22%. The week got off to a shaky start for Ronin, starting around $1.7 and dropping to around $1.6 the following day.
However, from the third day of the week, the price started to rise and by the end of the week, it peaked at a closing price of around $2.12.
At the time of writing, Ronin was trading at around $2.15 and boasts a market capitalization of over $721 million. Despite this strong presence in the market, there has been a significant decline in its trading volume, which has fallen by more than 50% in the last 24 hours and currently stands at more than $9 million.
The Biggest Loser
Render (RNDR)
Provide [RNDR] faced a tough week, as evidenced by CoinMarketCap data, which showed it closed with an 8.85% decline, making it the week’s biggest loser.
The week started with RNDR trading at around $6.7, but it has been a steady decline from there. The lowest point came on July 12th when it fell to $5.7 before recovering slightly to close the week at around $5.9.
At the time of writing, Render was trading at around $6.16. Its market capitalization was about $2.4 billion, after a slight decline. Trade volume for Render has also decreased significantly, dropping over 31% to over $96 million in the last 24 hours.
Dogwifhat
Dogwifhat [WIF]dog-themed memecoin, had a rough week, ranking as the second biggest loser with an 8.15% decline, according to CoinMarketCap data.
The coin faced a sharp decline right at the start of the week, plunging nearly 17%, bringing its price down from around $2 to around $1.6.
Despite a few minor uptrends during the week, it was also not enough to reverse the overall negative trend.
Source: TradingView
At the end of the week, WIF managed a slight recovery to close at around $1.60, up 2.2% on the day. At the time of writing, it was trading at around $1.67, indicating a further gain of over 4%.
However, its Relative Strength Index (RSI) hovered around 40, indicating that it is still in a bearish trend.
WIF’s market capitalization was around $1.6 billion. Trade volume has fallen by more than 9% in the last 24 hours, totaling more than $219 million.
Akash Network (AKT)
Akash Network [AKT] rounded out the week’s top three losers with a 6.19% decline, according to CoinMarketCap data.
Analysis of its price trend showed that it started the week at around $3.6 but continued to decline. By the end of the week, the ACP price had fallen to around $3.4.
At the time of writing, AKT was trading at around $3.45. Its market capitalization was over $842 million. Additionally, there has been a significant drop in business volume, which is down nearly 40% and now stands at over $14 million.