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Crypto market’s weekly winners and losers – PENGU, VIRTUAL, FTM, HYPE
This week in the crypto market has been marked by significant fluctuations, with several assets experiencing extreme gains or losses. The top gainers included PENGU, with a staggering 1,364% increase, followed closely by VIRTUAL with an impressive 643%. These massive rises are likely to grab attention from investors and traders alike.
On the other end of the spectrum, we saw significant losers as well. Fantom (FTM) led the way with a devastating 18.78% drop, wiping out all gains made in November. The token has been steadily declining since reaching $1.50, a level it hadn’t seen since March. Despite some bullish signs on its RSI chart, predicting a rebound is uncertain at this point.
Hyperliquid (HYPE) also had a volatile week, dropping 11% before recovering and holding strong above the $27 mark. This consolidation around the $27 area might be an early indication that bears are losing steam, paving the way for a potential reversal in the coming days.
Ondo (ONDO) also faced a sharp decline, falling 13% to erase half of November’s gains. Despite this setback, ONDO showed positive signs across various metrics, including increased trading volume and other technical indicators. A strong week ahead could potentially reverse this trend.
Outside the top 100 assets, BSC Layer (BSC), Jurat (JTC), and Bome Trump (TRUMP) led the pack of losers with over 100%, 99.96%, and 99.06% losses, respectively.
It is essential to remember that the crypto market is inherently volatile, and prices can change rapidly. As such, it is crucial for investors and traders alike to perform their own research before making any investment decisions.
Source: ambcrypto.com
