Wednesday, November 6, 2024

Crypto market’s weekly winners and losers – NOT, UNI, FLOKI, ORDI

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  • Notcoin, Uniswap, and Oasis were the biggest winners of the past week.
  • Wormhole, Floki, and ORDI had the biggest losses of the past week.

Notcoin [NOT] led the top gainers’ chart of the week, with only one of the top three assets not being in the top 50 market cap rankings.

On the other hand, Floki Inu [FLOKI] was the only asset in the top 50 among the top three losers of the week.

Biggest Winners

Notcoin [NOT]

Notcoin ended the week as the biggest gainer, starting the week on a high note. An analysis of its price trend showed that it began the week at around $0.019.

The chart indicated a dip to around $0.016 during the week. 

However, by the end of the week, its price had risen to over $0.020. According to data from CoinMarketCap, Notcoin gained 14.19% in the past week, making it the biggest winner.

As of this writing, Notcoin’s market cap is over $2 billion, having increased by over 2% in the last 24 hours. Its volume is also over $1 billion, but it has decreased by more than 25% during the same period.

Uniswap [UNI]

AMBCrypto’s analysis of Uniswap [UNI] on a daily timeframe chart showed that it had a busy week. The chart indicated that UNI started the week with a loss of over 2%, trading at around $9.8.

After what appeared to be a recovery attempt on the 10th of June, with an increase of over 5%, taking its price to over $10, it experienced a massive decline the next day.

The chart showed a drop of over 13%, dragging its price down to around $8.9.

Uniswap price trend

Source: TradingView

The next day, an over 12% increase immediately took Uniswap’s price back to the $10 range. By the end of the week, Uniswap was trading at around $11.5, ending the week with a 10.50% increase.

According to data from CoinMarketCap, it was the second-highest gainer, with a 14.07% increase.

As of this writing, Uniswap is trading at around $11.4, with a minor decline. Data showed that its market cap is around $6.9 billion, having increased by over 4% in the last 24 hours.

Its volume is over $320 million but has decreased by around 13% as of this writing.

Oasis [ROSE]

Oasis [ROSE] bloomed in the past week, as CoinMarketCap data showed that it was the third-largest gainer with an 11.13% increase.

AMBCrypto’s look at ROSE showed that it started the week strong at around $0.115. However, it faced some volatility, declining to around $0.10 during the week. At one point, its price rose as high as $0.13.

By the end of the week, ROSE was trading at approximately $0.12. As of this writing, ROSE is trading at around $0.117, indicating a decline.

Biggest losers

Wormhole [W]

AMBCrypto’s analysis of Wormhole [W] showed that it was the week’s biggest loser. CoinMarketCap’s data indicated that Wormhole declined by 29.92% over the past week.

Its chart showed that W started the week positively at around $0.64. However, the price declined consistently throughout the week. By the end of the week, its price had fallen to around $0.45.

As of this writing, Wormhole was trading around $0.45. Analysis also showed that its market cap had declined by almost 2%, at around $813 million at press time.

Additionally, its trading volume was 50.6 million, having decreased by over 40%.

Floki Inu [FLOKI]

AMBCrypto’s look at Floki Inu [FLOKI] on a daily time frame showed a significant decrease. The chart indicated that FLOKI saw just one day of uptrend in the last seven days.

It started the week with an over 5% decline, trading at around $0.00026. By the end of the week, it was trading at around $0.00020 after managing an increase of over 1%.

FLOKI’s Relative Strength Index (RSI) showed that it was below 40, indicating a strong bear trend due to the significant decline it had faced in the past few days.

Additionally, the memecoin had broken its support level, suggesting that its price could go lower.

Floki Inu price trendsFloki Inu price trends

Source: TradingView

According to data from CoinMarketCap, FLOKI was the second-biggest loser, with a 29.04% decline over the past week. Its market cap was over $1.9 billion and had declined by over 2% in the last 24 hours.

Its trading volume was around $169 million, which had decreased by approximately 40% in the last 24 hours.

ORDI [ORDI]

ORDI [ORDI] was the third-largest loser, with a 25.61% decline, according to CoinMarketCap’s data.

ORDI started the week at around $59 but experienced a downward spiral, with only brief pauses. By the end of the week, it had declined to around $45.

Its market cap had decreased to approximately $948 million. Its volume was $96.2 million, having dropped by over 38%.

Conclusion 

Here’s the weekly recap of the biggest gainers and losers. It’s crucial to bear in mind the volatile nature of the market, where prices can shift rapidly.

Thus, doing your own research (DYOR) before making any investment decisions is best.

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