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Crypto market’s weekly winners and losers – CRO, ZEC, PI, HYPE
The crypto market saw a tumultuous week, with some tokens experiencing significant gains while others suffered substantial losses. As the dust settles, we take a closer look at this week’s biggest gainers and decliners.
Winners:
ChainX [CRO]: A promising week for CRO holders as the token surged 24% to $0.13. This resurgence comes on the heels of recent collaborations with several high-profile projects, which has boosted investor confidence.
Zcash [ZEC]: ZEC’s price has been steadily rising over the past month, and this week was no exception, gaining a respectable 12% to reach $54.70. Although still in a precarious state due to regulatory concerns, some analysts are starting to see potential upside.
Polymath [PI]: A stellar performance from PI, which catapulted a whopping 30% to $0.11. This token’s growth can be attributed to growing adoption within the NFT and DeFi sectors.
Losers:
CAKE: For any recovery to have meaning, CAKE must first reclaim the critical $2.20 support-turned-resistance level. Despite efforts, the market structure suggests further consolidation is likely in the near term.
Hyperliquid [HYPE]: HYPE holders experienced a brutal reversal, plummeting 18% from $16.30 to $12.70. Fundamental issues such as decreased activity on the protocol and increased competition in the perpetual DEX space have exacerbated investor concerns.
Other significant decliners included MUBARAK [MUBARAK] with a devastating 53% drop, followed by Siren [SIREN] and Tornado Cash [TORN], which both plummeted by 42% and 41%, respectively.
Source: https://ambcrypto.com/crypto-market-weekly-review-30-march/
