- Pepe, Uniswap, and Lido DAO were the biggest winners of the week.
- Arweave, Akash Network, and Fantom had the biggest losses of the week.
Fantom [FTM] was one of the top gainers in the previous ranking, but this week, it has slipped significantly.
Meanwhile, Pepe [PEPE] has had an outstanding week, hitting multiple all-time highs and leading the winners for the week.
Biggest winners
Pepe [PEPE]
AMBCrypto’s analysis of Pepe [PEPE] on a daily time frame chart showed that it started the week with a 3.98% decline, dropping to around $0.00000916.
However, the next day, it saw a 24.56% increase, bringing its value to $0.00001141, marking a new all-time high (ATH). This was just the beginning of a series of ATHs throughout the week.
By the end of the week, PEPE was trading at around $0.00001497 after a 5.80% increase, setting another ATH.
Source: Trading View
According to data from CoinMarketCap, PEPE increased by 57.62% over the last seven days, making it the highest gainer for the week and the meme coin with the highest gains.
At the time of writing, it was trading with an additional increase of over 1%, bringing its value to around $0.000015.
Additionally, its market cap exceeded $6.3 billion, and its trading volume was over $1.8 billion in the last 24 hours.
Uniswap [UNI]
Uniswap [UNI] had a busy week, with analysis showing that it started low and ended high. The chart indicated that Uniswap began the week at around $7.70.
By the 20th of May, it experienced a significant spike, pushing its price to over $9. The increase continued, and by the end of the week, UNI was trading at over $11.
This spike placed it in second among the highest gainers, with CoinMarketCap reporting a 41.64% increase. At the time of writing, it was trading at around $11.40.
Its market cap was approximately $6.8 billion, and it had increased by over 5% in the last 24 hours.
Lido DAO [LDO]
Like Uniswap, Lido DAO [LDO] started low and ended high, with a significant spike on the 20th of May. It began the week at around $1.70, and by the 20th of May, it had spiked to around $2.00.
By the end of the week, its price had increased to around $2.40, making it the third-highest gainer of the week.
According to data from CoinMarketCap, LDO’s value increased by 41%. However, in the last 24 hours, its market cap decreased by over 5% as its price declined.
At the time of writing, its market cap was around $2.2 billion. Additionally, its trading volume had declined by over 50% in the last 24 hours, standing at around $154 million.
Biggest losers
Arweave [AR]
According to data from CoinMarketCap, Arweave [AR] led the losers’ chart with a 14.73% decline in the last seven days.
Its price trend indicated that AR began the week at around $48, but had dropped to around $46 by the following day.
Its decline coincided with when other altcoins on the gainers’ chart started to pick up. By the end of the week, AR was trading at around $40. At the time of writing, its decline persisted.
Its market cap was approximately $2.6 billion at press time, having declined by over 1%. Additionally, its trading volume had decreased by over 30% to over $38 million.
Akash Network [AKT]
The analysis of Akash Network [AKT] revealed a turbulent week, starting with a decline from its $5.8 price zone to around $5.7.
Despite a brief respite on the 21st of May, when its price rose to around $5.9, subsequent declines nullified the gains.
By the week’s end, it was trading at around $5.3, marking a 9.44% decline according to CoinMarketCap, making it the second-biggest loser of the week.
As of press time, AKT’s downward trend persisted, with its price hovering around $5.31.
Its market cap stood at approximately $1.2 billion, reflecting a nearly 1% decrease, while its trading volume had declined by over 38% to around $9.1 million.
Fantom [FTM]
The price trend of Fantom [FTM] was interesting, as it had been among the top gainers in the previous week. However, a closer look at the daily time frame price chart revealed a decline.
Initially, it almost touched the $1 price zone following a 9.37% increase, bringing its price to around $0.90. This came after starting the week at around $0.84, following a 4.91% decline.
Source: Trading View
Despite this rise on the 20th of May, subsequent declines followed, and by the week’s end, its price had slipped to around $0.82, despite a marginal increase of over 2%.
According to data from CoinMarketCap, it suffered the third-highest loss, with an 8.16% decline over the past seven days.
At the time of writing, FTM was trading at around $0.81, reflecting a decline of over 1%.
Its market cap was approximately $2.3 billion, with a decrease of almost 1%, and its trading volume exceeded $129 million, with a decline of over 30%.
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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