- Popcat, Artificial Superintelligence Alliance and SATS were the biggest winners in the past week.
- Helium, Toncoin and Notcoin were the biggest losers in the past week.
Recent developments surrounding Telegram have significantly affected the performance of Toncoin (TON) and Notcoin (NOT), placing them among the biggest losers in the crypto market.
In contrast, Popcat has seen a strong performance over the past week, becoming the leader among memecoins.
Biggest winners
Popcat [POPCAT]
Analysis of Popcat [POPCAT] The daily price chart indicates significant gains in the past week, making it the biggest winner. According to data from CoinMarketCap, POPCAT gained an impressive 77.43% during the week.
Source: TradingView
The price trend analysis reveals that POPCAT began the week trading at around $0.40, initially experiencing a drop of over 7%. However, this trend quickly reversed and started with a rise of more than 7% the following day.
The most notable uptrends occurred on Thursday, August 22 and Friday, August 23, when the price increased by 30.79% and 27.16%, respectively.
By the end of the week, POPCAT’s price had risen to approx. $0.75 after a further increase of over 1%.
These significant increases shifted the overall trend to bullish, as reflected in the Relative Strength Index (RSI), which rose above 60, signaling strong bullish momentum.
Popcat’s market cap is around $718 million at the time of writing. However, its trading volume has fallen by over 40%, now at approximately $91.3 million.
Artificial Superintelligence Alliance [FET]
Artificial Superintelligence Alliance [FET] turned out to be one of the top performers of the week and recorded the second biggest advance.
Despite a slow start, with a price around $0.8 at the beginning of the week, FET saw significant uptrends in the following days. By the end of the week, its price had risen to approximately $1.2, marking a significant gain.
According to data from CoinMarketCap, FET saw an increase of 46.81% during the week, driven by these positive trends. This growth also had a notable impact on market capitalization.
At the start of the week, FET’s market cap was around $2.1 billion. By the end of the week, however, it had risen to approximately $3.1 billion, which remains as of this writing.
Despite the impressive price and market capitalization growth, FET’s trading volume has declined. Currently, its volume sits at around $213 million, down over 20%.
RATE [1000SATS]
SATS (1000SATS) was the third-highest gainer of the week, up 46.81%, according to data from CoinMarketCap. The price trend analysis shows that SATS had a strong start to the week, trading at around $0.00028.
Throughout the week, its price rose steadily, culminating in a significant increase on August 23. By the end of the week, SATS was trading at approximately $0.0004.
This price increase also had a notable impact on SATS’ market capitalization, which reached about $826 million at the time of writing. Despite the strong performance, trading volume has fallen.
Currently, SATS’s volume is around $176 million, reflecting a decline of over 20%.
Biggest Losers
Helium [HNT]
After enjoying two strong weeks, Helium (HNT) experienced a sharp decline and became the biggest loser in the past week, down 17.66%.
The analysis shows that HNT began the week negatively, starting at around $7.8 and falling to around $7.4 by the end of the first day. The downtrend continued throughout the week, eventually falling to around $6.5.
This decline also had a noticeable impact on Helium’s market value. At the start of the week, the market cap was around $1 billion, but it has since fallen over 6% as of this writing.
In addition, HNT’s trading volume has also seen a significant drop, currently sitting at approximately $12.7 million – a drop of more than 30%.
Toncoin [TON]
Analysis of Toncoin [TON)] on a daily chart reveals a tumultuous week marked by significant price volatility. The week started positively for TON with a gain of almost 7%, bringing the price to around $6.8.
However, this initial upward momentum was sharply reversed at the end of the week.
Source: TradingView
The chart shows a drop of over 11% to close the week, with TON trading around $5.9, making it the second biggest loser of the week with a total drop of over 14%, according to additional data from CoinMarketCap.
This steep drop coincided with news surrounding the arrest of Telegram’s founder, which likely contributed to the negative sentiment and sell-off. As of this writing, Toncoin’s price has continued to decline, falling over 9% to approximately $5.3.
Toncoin’s market capitalization has also been significantly affected, falling by around 17% to around $13 billion. Despite the price drop, trading volume has increased dramatically, increasing by over 600% to around $1.9 billion.
This increase in volume suggests increased trading activity, likely driven by the news and subsequent market reactions. Additionally, an analysis of Toncoin’s Relative Strength Index (RSI) indicates that it is on a bearish trend and has entered the oversold zone.
Notcoin [NOT]
Notcoin [NOT]another Telegram-related cryptocurrency, was significantly affected by recent developments surrounding Telegram. According to CoinMarketCap data, Notcoin was the week’s third biggest loser, down about 12.19%.
The analysis of Notcoin’s price trend shows that it started the week with an uptrend, trading at approximately $0.011. However, similar to Toncoin, Notcoin’s performance took a sharp downturn later in the week.
On August 24, Notcoin experienced a drop of over 8%, bringing the price down to around $0.010. As of this writing, NOT has fallen further, down over 12%, and is currently trading at around $0.009.
This price drop has also significantly affected Notcoin’s market capitalization, which has fallen by more than 20% in the last 24 hours and now stands at approximately $937 million.
Despite the price drop, Notcoin’s trading volume has increased, similar to Toncoin’s, increasing by almost 150%. As of this writing, volume is over $600 million, indicating increased trading activity, likely in response to recent news and market conditions.