Crypto market weekly winners and losers – TON, RNDR, BONK, CORE


  • Toncoin, Ren and Aakash Network were the biggest gainers last week.
  • Core, Bonk and Pendley were the biggest losers in the past week.

This week, Toncoin [TON] Emerged as the top gainer, leading the cryptocurrency. Other notable gainers include AI and computing-related tokens, which also performed well in the market.

However, the chart indicated that the trend of meme coins has subsided, at least for now.

bonk [BONK] Last week was highlighted as one of the biggest losses, indicating a bearish outlook for meme coins in the current market conditions.

biggest winners

toncoin

AMBCrypto's analysis of Toncoin's price movement revealed a steady rise throughout the week, starting at around $5.9 on May 5 and reaching around $6.8 by May 11.

Data from CoinMarketCap indicated a 24.35% increase over the past seven days, positioning TON as the top gainer for the week. Toncoin crossed $7 at one point before closing the week around $6.8.

At the time of writing, TON was trading at around $6.9, with a market capitalization of over $24 billion.

However, its trading volume has decreased by more than 60% and at the time of this writing stood at approximately $267.5 million.

render

AMBCrypto takes a look at the renders [RNDR] The charts showed a strong performance last week.

According to AMBCrypto's daily time-frame chart assessment, RNDR started the week with a strong increase of 10.28%, pushing its price from around $8.9 to $9.8.

Subsequently, on May 9, it saw another significant increase of over 9%, taking its price to around $10.85. Despite some dips during the week, its overall bullish trend more than offset any losses.

Although it closed the week in the red, its price remained at around $10.9.

Present Price Chart

Source: TradingView

Additionally, CoinMarketCap data confirmed a remarkable 20.80% week-to-week increase for RENDER, making it the second-biggest gainer.

Similar to TON, RNDR also saw a decline of more than 50% in trading volume in the last 24 hours.

At the time of writing, its volume stood at around $210.5 million, with a market capitalization of around $4.2 billion. However, at the time of writing it was trading down about 0.6% at around $10.8.

sky network

sky network [AKT] As reported by CoinMarketCap, it emerged as the third-biggest gainer with an impressive rise of 18.33% over the past week.

Analyzing the price trend of AKT showed that it started the week trading at around $5. However, it declined on May 7 and 8 and fell to $4.2.

Nevertheless, the token bounced back on May 9 and finished the week at around $5.7.

At press time, it traded within the $5.7 price range Market capitalization was around $1.3 billion, although it has fallen by more than 3% in the past 24 hours.

Additionally, its trading volume has decreased by more than 50% during the same period, to approximately $122.3 million at press time.

the biggest losers

main

main [CORE] As indicated by CoinMarketCap data, it saw a significant decline of 14.62% in the past week, making it among the top losers.

CORE's price trend revealed a challenging trajectory, starting the week at around $1.9 and subsequently experiencing a steady decline. By the end of the week its price fell to around $1.5.

However, as of current writing there are signs of a potential uptrend, the token is attempting to recover and is trading at around $1.7.

Additionally, its market capitalization currently stands at approximately $1.5 billion, which represents an increase of approximately 5% in the last 24 hours.

Despite this recovery effort, Core's trading volume has decreased by approximately 5% over the past 24 hours, currently standing at approximately $66.7 million.

bonk

BONK, once considered a high-flying memecoin, has suffered negative performance in the past week.

Examining the daily time-frame price trend of AMBCrypto revealed a negative descending ladder-like pattern, indicating a notable decline.

bonk price trend

Source: TradingView

The week started with a massive decline of over 4%, with BONK trading around $0.000026.

After this, it witnessed a decline for three consecutive days, until a slight rise on May 9, where it witnessed an increase of more than 5%.

However, by the end of the week, its price had fallen to around $0.000022, which was the second-biggest decline of the week with a decline of 14.44%, according to CoinMarketCap data.

At press time, BONK's market capitalization was approximately $1.45 billion, representing a decline of more than 2%.

Additionally, its trading volume has dropped by more than 50% to approximately $103.5 million, indicating a decrease in market activity.

pendle

Pendle [PENDLE] It experienced a bearish week, and emerged as the third-biggest loser according to CoinMarketCap data, losing 13.55% in value over the past week.

Price trend analysis showed that the week started around $5.0, with a brief surge to over $5.3 on May 6.

However, from May 7 onwards, the price began a steady decline, eventually stabilizing around $4.3 by the end of the week.

At the time of writing, Pendley's market capitalization was down more than 3% in the past 24 hours, amounting to almost $1 billion.

Furthermore, trading volume during the same period saw a decline of almost 50%, reaching approximately $25.7 million.

conclusion

Here's a weekly recap of the biggest gainers and losers. It is important to take into account the volatile nature of the market, where prices can change rapidly.

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

Leave a Comment

“The Untold Story: Yung Miami’s Response to Jimmy Butler’s Advances During an NBA Playoff Game” “Unveiling the Secrets: 15 Astonishing Facts About the PGA Championship”