- Mogcoin, Aave and Ronin were the biggest gainers last week.
- Render, dogwifhat and Akash Network recorded the biggest losses last week.
A cat-themed memecoin topped the winners chart last week, while a dog-themed memecoin memecoin was among the losers. Despite this, the overall market recorded more gains than losses, indicating a generally positive trend for the period.
The biggest winners
Mog Coin (MOG)
Mog Coin [MOG] emerged as the most notable artist over the past week, according to CoinMarketCap ranking data. He concluded the week with a notable gain of 32.51%, cementing his position as the week’s biggest gainer.
Despite a rough start to the week, opening around $0.0000013 and continuing to decline until July 9, Mogcoin saw a significant turnaround. Starting on July 9, the price started to climb, closing the week at around $0.0000015.
At the time of writing, Mogcoin was trading at around $0.0000019. Its market cap has surpassed $683 million, which is an 18% increase in the last 24 hours alone.
Aave (AAVE)
Ghost [AAVE] became the second-biggest gainer last week, according to data from CoinMarketCap, with an impressive increase of 25.30%.
The ride hasn’t been without its bumps: the week started with a decline of nearly 6%, trading at around $78.27. The next day, however, Aave rebounded by over 4% and continued to gain throughout the week, ending at around $99.26, up over 1.8% for the day.
A deeper analysis using the Relative Strength Index (RSI) highlights this growth, showing a shift from a bearish trend to an uptrend. Initially, Aave’s RSI was around 37, but by the end of the week, it had climbed to 62, firmly indicating a strong bullish trend.
Source: TradingView
Additionally, Aave managed to break above its short-term and long-term moving averages (yellow and blue lines), which previously acted as resistance levels.
At the time of writing, Aave was trading at around $100. Its market cap has reached over $1.5 billion, an increase of over 3% in the last 24 hours. Trading volume has also been strong, with over $108 million traded.
Ron (RON)
Ronin [RON] ranked as the third biggest gainer of the week, with a notable increase of more than 22%, according to data from CoinMarketCapThe week started off somewhat choppy for Ronin, opening at around $1.7 and then dropping to around $1.6 the next day.
However, the price started to climb from the third day of the week, culminating in a closing price of around $2.12 at the end of the week.
At the time of writing, Ronin was trading at around $2.15 and had a market cap of over $721 million. Despite this strong market presence, its trading volume has seen a significant decline, dropping by over 50% in the last 24 hours, currently sitting at over $9 million.
The biggest losers
Rendering (RNDR)
Give back [RNDR] is facing a difficult week, as evidenced by CoinMarketCap data shows it closed down 8.85%, making it the biggest loser of the week.
The week started with RNDR trading around $6.7, but it then saw a steady decline. The lowest point was reached on July 12, when it dropped to $5.7, before recovering slightly to close the week at around $5.9.
At the time of writing, Render was trading at around $6.16. Its market cap was around $2.4 billion, after experiencing a slight decline. Render’s trading volume has also declined significantly, dropping by over 31% in the last 24 hours to over $96 million.
Dogwifhat
Dog Hat [WIF]a dog-themed memecoin, had a tough week, ranking as the second-biggest loser with a drop of 8.15%, according to data from CoinMarketCap.
The coin saw a sharp drop early in the week, dropping nearly 17%, which reduced its price from around $2 to around $1.6.
Furthermore, despite several minor uptrends throughout the week, these were not enough to reverse the overall negative trend.
Source: TradingView
By the end of the week, WIF managed to recover slightly, closing at around $1.60 with a 2.2% gain on the day. At the time of writing, it was trading at around $1.67, showing a further increase of over 4%.
However, its relative strength index (RSI) was around 40, indicating that it was still in a downtrend.
WIF’s market cap was around $1.6 billion. Trading volume has seen a decline of over 9% in the last 24 hours, totaling over $219 million.
Akash Network (AKT)
Akash Network [AKT] completed the top three losers of the week with a drop of 6.19%, according to CoinMarketCap data.
Analysis of its price action showed that the stock started the week at around $3.6, but continued to decline. By the end of the week, AKT’s price had fallen to around $3.4.
At the time of writing, AKT was trading at around $3.45. Its market cap was over $842 million. Additionally, trading volume has declined significantly, dropping by almost 40% to over $14 million.