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Top cryptocurrency winners and losers of the week
The bullish trend of the cryptocurrency market is waning, with greed turning neutral indicative of fear and greed, followed by a drop in the price of Bitcoin. The decline is not just limited to this, as the global market capitalization and trading volume also had their part in the decline. More importantly, the market has had its losers and a few cryptocurrency winners fighting the downward pressure.
This is a part of the industry where dips offer buying opportunities and rallies offer selling opportunities. Speaking of which, let’s take a look at the top cryptocurrency gains and losses of the week.
Cryptocurrency Winners of the Week
Defeating the odds of worsening market conditions, some cryptocurrencies such as Oasis, Uniswap and Notcoin have come forward with fresh gains, becoming the most profitable cryptocurrencies of the week.
1.Oasis (PINK)
After months, the price of Oasis increased, even in declining market conditions, ranking first among all cryptogainers of the week. The altcoin has surged 19% this week, currently trading at $0.1246. It has a long way to go as its value is 80% away from the all-time high of $0.5964 set two and a half years ago.
2.Uniswap (UNI)
Uniswap is also booming this week, rising from a low of $8.89 to the current price of $11.51. In a week, UNI price achieved an increase of 13%, reaching a value of 58% for the entire month. Uniswap is attempting another rally like the one in March, where its price rose to $15.39.
3.Notcoin (NOT)
After the peak at the beginning of June, Not the price in coin is making another bullish leap and becoming one of the biggest cryptocurrency gainers this week. Notcoin was in the process of correction after reaching its all-time high target of $0.02896 a few days ago. Now, the NOT price is $0.0212 after adding 12% in value in one week. Overall, it has a profit of 96% since its launch in May 2024.
Crypto losers of the week
With worsening market conditions, losses have been more prominent in the market than gains, increasing the number of cryptocurrency losers relative to gains. As per CoinmarketCapWormhole, FLOKI and ORDI are the biggest crypto losers of the week.
1.Gateway (W)
Wormhole is the cryptocurrency that lost the most of the week, with a drop in value of 32%. Now, the price of Wormhole stands at $0.4611, the lowest point since its launch on the market. More importantly, it recently hit an all-time low of $0.4397, creating concerns among holders.
2.FLOKI (FLOKI)
The decline in FLOKI is a real shame for investors as the meme coin recently reached an all-time high of $0.0003462. At the time of writing, the FLOKI price stands at $0.0002047 after dropping 25% this week. However, the bulls are still active for FLOKI, so there is a slight chance of recovery in the coming days.
3.ORDERS (ORDERS)
On a monthly price chart, ORDI has seen a decent gain of 23%, where its current value is $45.67. However, ORDI is a losing cryptocurrency, not a gainer, as the price has dropped 24% in recent days following the overall market decline. Previously, the ORDER price it was at a high of $96.17, but now the value has fallen by more than 52%.
Keep reading Top 3 Altcoins Set to Rally for the First Time Since March
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With years of love for reading and 5 years of content writing experience, here I am, working on my favorite cryptocurrency writings. I am actively looking for trending topics and informative statistics to curate the best content for cryptocurrency enthusiasts. Staying updated on the trends and learning the basics and advancements of this field is the best part of the day.
The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for personal financial loss.