NewsletterTop Crypto Gainers & Losers of The Week
The second week of July has been decent in terms of recovery as the market cap has returned to $2.18 Trillion, and Bitcoin is trading at $58K. Additionally, the fear and index data have changed from fear to neutral, indicating investors’ rising confidence in the market. With that, the market has bagged some decent crypto gainers bringing new revenues and the losers who lost to the bears.
This comes after the selling pressure has declined on the market and the rising inflows in the Bitcoin ETFs. Also, in the latest reports, JP Morgan, the famous financial institution, has predicted market recovery by August.
Top Crypto Gainers of The Week
This week has brought old crypto gainers back to the limelight, including Notcoin and XRP, which are among the most popular cryptocurrencies this year. This surge is much needed for the market to recover the losses the investors faced in the previous week.
MANTRA (OM)
Mantra has been part of the crypto gainers for the second week, as this meme coin also performed well in the previous one. It is now trading at $1.07 after creating an all-time high of $1.14 on Monday. Though the value has declined since then, it has still bagged a 25% gain over the week.
Notcoin (NOT)
Notcoin peaked at the beginning of June when it surged to its all-time high of $0.02896. However, the value has declined almost 50% over the month, with a deep fall to $0.009515 on July 5 before a recovery of 41% in the last seven days. With that, the Notcoin price is at $0.01511 with a market capitalization of $1,549,446,678.
Ripple (XRP)
Despite the odds, XRP made quite a recovery after the market crash. XRP price has been struggling for years, but the recent dip brought it down to a year-low at $0.3984. However, with the improvement in the Ripple Vs. SEC case, XRP has bagged a 22% surge over the week and 16% in the last day, currently trading at $5.4.
Top Crypto Losers of The Week
Along with the crypto gainers, the losers also made their presence in the market this week. More importantly, the meme coins are among the top losers of the week despite their high demand and profiting nature in slow markets.
1. Hoppy (HOPPY)
Hoppy’s current decline is a little surprising as the token has recently created a new all-time high of $0.0002025 on June 6, the day after the market crash. At that time, Hoppy became among the top crypto gainers. Interestingly, it has maintained a 311% surge over the month despite its 41% drop this week. It is now 45% from the ATH, with the current value of $0.0001124.
2. Dogwifhat (WIF)
Dogwifhat value continues to decline despite its popularity among investors. The meme coin left its prime time months ago and has been struggling in the market ever since. This week’s 22% decline is a testament to WIF token failure in the current market. It is now trading at $1.60, the lowest value in four months, with a market capitalization of $1,596,078,622.
3. Michi (MICHI)
Michi has been on the loser’s side for weeks now. It has declined more than 39% in the last 30 days before making a slight recovery at the beginning of the month. However, this week was bearish as it lost 39% of its value. It is currently trading at $0.1075 with a market cap of $59,724,346.
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