The crypto market entered a strong uptrend with Bitcoin reaching new highs. This momentum especially carried many altcoins upwards. Especially coins such as Neiro (NEIRO), Cardano (ADA) and Cronos (CRO) provided significant gains to their investors. However, some tokens such as Popcat (POPCAT) remained outside this trend and closed the week with losses.
The Biggest Crypto Currency Winner of the Week: Neiro (NEIRO)
Neiro started the week with a small decline, dropping to $0.0013. However, it made a strong recovery by midweek. NEIRO rose 55% to $0.002. Moreover, the uptrend continued into the weekend, with NEIRO trading at $0.0025, marking a 107% weekly gain.
In addition, NEIRO’s market cap reached $1.2 billion. In addition, its trading volume rose to $867 million, registering a 38% increase. According to CoinGecko data, this performance made the crypto the biggest gainer of the week. Therefore, this rise attracted the attention of investors.
Cardano (ADA): Strong Momentum
Cardano started the week with a small 4% drop. However, it found support at the 50-day moving average and broke through the $0.50 level. Moreover, the popular crypto is trading at $0.587 with a 69% weekly gain.
Moreover, ADA’s 50-day moving average has moved above the 200-day average, giving a strong bullish signal. However, the RSI indicator has reached 84.88, indicating that it is in overbought territory. This could be a sign of a possible correction. Therefore, investors should follow these levels carefully.
Surprise Crypto of the Week: Cronos (CRO)
Cronos stood out as the third biggest gainer of the week. First, after a quiet start to the week, CRO started to rise in the middle of the week and broke through the $0.10 level. Moreover, CRO recorded a 14% increase in the last 24 hours and reached a market value of $3.2 billion.
In addition, trading volume increased by 39% to $173 million in the same period. If this rise continues, CRO could test new resistance levels. However, maintaining support levels is also critical. Investors should monitor these levels closely.
Losers of the Week: Popcat (POPCAT) and Mog Coin (MOG)
Popcat was among the few crypto that closed the week with losses. POPCAT started the week at $1.3 and fluctuated throughout the week. However, it closed the week at $1.4 despite reaching a high of $1.60. Similarly, Mog Coin finished the week with a slight decline. MOG traded at $0.0520, down less than 1%. Although the weekly declines were limited, investors should be careful with these tokens.
As a result, the winners and losers of the week once again revealed the volatile nature of the crypto market. Therefore, as we at Kriptokoin.com reported, it is of great importance for investors to be careful and always do their own research in this dynamic market. In addition, being aware of the risks and acting strategically can provide a great advantage in the long run.
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