- First, Neiro, Mog Coin and Sui are the biggest gainers of the week.
- FTX, Kaspa and Wormhole recorded the biggest losses of the week.
The past week has seen significant volatility in the crypto market, with some tokens seeing impressive gains while others suffered steep losses.
Among the top-performing cryptocurrencies, First Neiro On Ethereum (NEIRO) became the biggest gainer, with an increase of over 100%.
Meanwhile, FTX Token (FTT) and Kaspa (KAS) led the losers, seeing notable declines.
The biggest winners
First Neiro on Ethereum (NEIRO)
First Neiro On Ethereum (NEIRO) had a stellar week, becoming the first gainer among the top 100 cryptocurrencies. Starting the week at $0.00096, NEIRO saw a significant price rise, ending the week at $0.002.
According to CoinMarketCap, NEIRO has gained more than 112% over the past seven days, pushing its market capitalization to nearly $840 million and ranking it the 76th largest cryptocurrency by market capitalization.
However, NEIRO’s trading volume has decreased by approximately 30% over the past 24 hours, currently sitting at $583 million.
Mog Coin (MOG)
Mog Coin (MOG) secured its place as the second biggest gainer of the week. The memecoin has seen a 33% increase over the past seven days.
It started trading at $0.0000014 and saw fluctuations throughout the week, dropping to $0.0000013 before returning to $0.00000186 at the end of the seven days.
While its volume fell by 5%, Mog Coin’s market capitalization increased by over 3%, reaching approximately $734 million, with a trading volume of approximately $25.8 million.
Sui (SUI)
Sui (SUI) also made headlines as one of the most successful players.
The token has seen a 29% increase over the past week, which is especially notable considering its October 1 unlock event, releasing 64.19 million SUI tokens worth approximately 114.27 million dollars.
Source: TradingView
Sui started the week at $1.87, gradually increasing to $2, followed by a few days of decline.
However, it ended the week on a high note, with price increases of 12% and 9% over the last two days, bringing its price to $2.24, its all-time high.
The token was in a strong uptrend at press time, as indicated by its relative strength index (RSI) of 72, signaling that it was overbought.
Sui’s market capitalization increased by 10%, reaching $6.15 billion, with trading volume increasing by 18%, to $1.1 billion.
Top 500 winners
In the broader crypto market, SPX 6900 (SPX) was the biggest gainer among the top 500 cryptocurrencies, with a staggering 308% increase, trading at $0.89 at press time.
Apu Apustaja (APU) followed with a 144% gain, trading at $0.00096. Another notable gainer was creative stock HarryPotterObamaSonic10Inu, which saw a 119% increase and was now trading at $0.3.
The biggest losers
FTX Token (FTT)
The biggest loser of the week was FTX Token (FTT), which continues to suffer from the fallout from the collapse of the FTX exchange.
FTX Token saw a significant decline of over 20% during the week. Starting at $2.528, it ended the week at $2.05. The token is currently undergoing bankruptcy proceedings and its future remains uncertain.
Despite this loss, traders remain active, with a trading volume of 26.24 million. This represents a 26% drop in volume over the past 24 hours. FTT’s market capitalization stood at $678 million at press time.
Kaspa (KAS)
Kaspa (KAS) also had a rough week, as its price fell from $0.14 to $0.13, a 9% decline.
At the time of writing, Kaspa had a market capitalization of approximately $3.3 billion, with a trading volume of approximately $36 million.
Wormhole (W)
Wormhole (W) completes the list of biggest losers. W started the week at $0.34, with a slight increase of 0.5%, but saw significant declines throughout the week.
At the end of the week, Wormhole was trading at $0.32, representing a loss of 8%.
Source: TradingView
Wormhole had a market capitalization of $815 million, with a trading volume of $57 million.
Top 500 losers
Among the top 500 cryptocurrencies, PepeCoin (PEPECOIN) suffered the most, with a loss of almost 35%, trading at $2.02. LCX (LCX) was the second biggest loser, dropping 27%, bringing its price down to $0.133.
Civic (CVC) was the third biggest loser, down 26% and trading at $0.15.
Conclusion
Here’s the weekly recap of the biggest winners and losers. It is crucial to keep in mind the volatile nature of the crypto market, where prices can move quickly.
So it is best to do your own research (DYOR) before making any investment decisions.
