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

  • Toncoin, Render and Akash Network saw the biggest gains over the past week.
  • Core, Bonk and Pendle were the biggest losers last week.

This week, Toncoin (TON) emerged as the biggest gainer, leading the charge among cryptocurrencies. Other notable gainers include tokens related to AI and computing, which have also performed well in the market.

However, the charts indicate that the meme coin trend has subsided, at least for now.

Bonk (BONK) was highlighted as one of the biggest losers over the past week, signaling a slowdown in the coins even under current market conditions.

The biggest winners

Toncoin

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

Data from CoinMarketCap indicates a 24.35% increase over the past seven days, positioning TON as the biggest gainer of the week. Toncoin rose above $7 at one point before settling around $6.8 by the end of the week.

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

However, its trading volume declined by more than 60% and stood at around $267.5 million at the time of writing.

Give back

AMBCrypto’s review of Render’s (RNDR) chart showed strong performance over the past week.

According to AMBCrypto’s assessment of the daily chart, RNDR started the week with a strong rise of 10.28%, raising its price from around $8.9 to $9.8.

Subsequently, on May 9, it saw another significant increase of over 9%, pushing its price to around $10.85. Despite some declines during the week, its overall upward trends offset any losses.

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

Rendering Price Table

Source: TradingView

Additionally, CoinMarketCap data confirmed a notable 20.80% increase over the week for Render, making it the second biggest gainer.

Similar to TON, RNDR also saw a drop in trading volume over the past 24 hours, with a reduction of over 50%.

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

Akash Network

Akash Network (AKT) became the third biggest gainer over the past week, rising an impressive 18.33%, as reported by CoinMarketCap.

Analysis of AKT’s price trend revealed that it started the week at around $5. However, it saw a decline on May 7 and 8, falling to $4.2.

Nonetheless, the token rebounded on May 9, closing the week at around $5.7.

At press time, it was trading in the $5.7 price range, with a The market cap was around $1.3 billion, although it was down more than 3% in the last 24 hours.

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

The biggest losers

Heart

Core (CORE) saw a significant decline of 14.62% last week, placing it among the top losers, as indicated by data from CoinMarketCap.

CORE’s price trend revealed a rough trajectory, with the token starting the week at around $1.9 and subsequently experiencing a steady decline. By the end of the week, its price had dropped to around $1.50.

However, there are signs of a potential upward trend at the time of current writing, with the token attempting to recover and trading at around $1.7.

Additionally, its market capitalization currently stood at around $1.5 billion, an increase of almost 5% in the last 24 hours.

Despite this attempted recovery, Core’s trading volume has declined by almost 5% over the past 24 hours, currently sitting at around $66.7 million.

Bonk

Bonk, once considered a high-flying memecoin, faced negative performance last week.

AMBCrypto’s examination of the daily price trend revealed a negative trend resembling a descending staircase, indicating a notable decline.

Bonk Price Trend

Source: TradingView

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

Thereafter, it experienced three consecutive days of decline until experiencing a slight increase on May 9, where it recorded an increase of more than 5%.

However, by the end of the week, its price had fallen to around $0.000022, making it the second biggest loser of the week with a decline of 14.44%, according to data from CoinMarketCap.

At press time, Bonk’s market capitalization was approximately $1.45 billion, down more than 2%.

Additionally, its trading volume decreased by more than 50% to approximately $103.5 million, indicating reduced market activity.

Pendle

Pendle (PENDLE) saw a slowdown this week, becoming the third biggest loser according to CoinMarketCap data, losing 13.55% in value over the past week.

Analysis of price action revealed that the week started around $5.0, with a brief rise to over $5.3 on May 6.

However, starting on May 7, the price began to decline steadily, eventually settling around $4.3 by the end of the week.

At the time of writing, Pendle’s market capitalization had declined by more than 3% in the past 24 hours, standing at around $1 billion.

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

Conclusion

Here’s the weekly recap of the biggest winners and losers. It is essential to keep in mind the volatile nature of the market, where prices can change quickly.

So it is best to do your own research (DYOR) before making an investment decision.

News Source : ambcrypto.com
Gn bussni

Sara Adm

Aimant les mots, Sara Smith a commencé à écrire dès son plus jeune âge. En tant qu'éditeur en chef de son journal scolaire, il met en valeur ses compétences en racontant des récits impactants. Smith a ensuite étudié le journalisme à l'université Columbia, où il est diplômé en tête de sa classe. Après avoir étudié au New York Times, Sara décroche un poste de journaliste de nouvelles. Depuis dix ans, il a couvert des événements majeurs tels que les élections présidentielles et les catastrophes naturelles. Il a été acclamé pour sa capacité à créer des récits captivants qui capturent l'expérience humaine.
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