- The biggest winners last week were Mogcoin, Aave and Ronin.
- Render, dogwifhat and Akash Network suffered the biggest losses last week.
Cat-themed meme coins topped the gaining charts last week, while dog-themed meme coins Meme Coin were among the stocks that declined. Nevertheless, the overall market saw more stocks rise than fall, indicating that the overall trend over this period was positive.
The Biggest Winner
Mog Coin (MOG)
Mog Coin [MOG] According to the report, the most notable performances over the past week were CoinMarketCap Ranking Data. The stock ended the week with a notable gain of 32.51%, securing its position as the biggest gainer of the week.
Despite a shaky start, starting the week at around $0.0000013 and dropping until July 9, Mogcoin saw a significant recovery. After July 9, the price started to rise and ended the week at around $0.0000015.
At the time of writing, Mogcoin is trading at around $0.0000019. Its market cap is now over $683 million, up 18% in the past 24 hours alone.
AAVE
Ave [AAVE] Last week was the second-largest increase, with an astounding 25.30% increase, according to data from CoinMarketCap.
It wasn’t a smooth road: Aave started the week off with a nearly 6% drop, trading at around $78.27. However, the next day Aave rebounded by over 4% and continued to rise throughout the week, closing at around $99.26, a rise of over 1.8% in one day.
Further analysis using the Relative Strength Index (RSI) highlights this growth and indicates a trend reversal from bearish to bullish. Initially, Aave’s RSI was around 37 but by the end of the week, it had risen to 62, clearly indicating a strong bullish trend.
Source: TradingView
Additionally, Aave managed to break through the short-term and long-term moving averages (yellow and blue lines) which previously acted as resistance levels.
At the time of writing, Aave is trading at around $100. Its market cap is over $1.5 billion, up more than 3% in the past 24 hours, and trading volume is strong, with over $108 million traded.
Ronin (RON)
Ronin [RON] It was the third-highest increase this week, posting a notable increase of more than 22%. CoinMarketCapIt was a bit of a shaky start to the week for Ronin, opening around $1.7 before dropping to around $1.6 the next day.
However, the price began to rise on the third day of the week, reaching a closing price of around $2.12 by the end of the week.
At the time of writing, Ronin is trading at around $2.15 with a market cap of over $721 million. Despite its strong market presence, trading volume has dropped significantly, dropping by over 50% in the past 24 hours and currently sitting at just over $9 million.
Biggest Loser
Rendering (RNDR)
give [RNDR] I’ve had a difficult week. CoinMarketCap The stock ended down 8.85%, its biggest drop this week, according to the data.
RNDR started the week trading at around $6.7 but has steadily fallen from there, hitting its lowest point on July 12th when it dropped to $5.7, before recovering slightly to finish the week at around $5.9.
At the time of writing, Render is trading at around $6.16. The company’s market cap is around $2.4 billion, showing some declines. Render’s trading volume has also dropped significantly, dropping over 31% to over $96 million in the past 24 hours.
Dogwif Hat
Dogwif Hat [WIF]a dog-themed meme coin, experienced a tough week, dropping 8.15% to become the second-largest decliner according to CoinMarketCap data.
The coin crashed at the start of the week, plummeting almost 17%, dropping in price from around $2 to around $1.60.
And while there were some small upticks this week, they weren’t enough to reverse the overall negative trend.
Source: TradingView
By the end of the week, WIF had recovered slightly, closing at around $1.60, up 2.2% for the day, and as of this writing, it is trading at around $1.67, representing a further gain of over 4%.
However, the Relative Strength Index (RSI) is hovering around 40, indicating a still bearish trend.
WIF’s market capitalization was around $1.6 billion. Trading volume in the past 24 hours was down more than 9%, totaling more than $219 million.
Akash Network (AKT)
Akash Network [AKT] The 6.19% drop was the top three decliners this week. CoinMarketCap data.
Analysis of price trends shows that the price started the week at around $3.6 but then continued to fall. By the end of the week, the price of AKT had fallen to around $3.4.
At the time of writing, AKT is trading at around $3.45, with a market cap of over $842 million. Additionally, trading volume has dropped significantly, dropping by around 40% to now total just over $14 million.
