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Cryptocurrency News Articles

Neiro [NEIRO], Cardano [ADA], and Cronos [CRO] Emerge as This Week's Biggest Gainers in the Crypto Market

Nov 11, 2024 at 03:00 am

The cryptocurrency market experienced a strong upward trend over the past week, driven by Bitcoin's [BTC] continued rally to new all-time highs.

Neiro [NEIRO], Cardano [ADA], and Cronos [CRO] Emerge as This Week's Biggest Gainers in the Crypto Market

The cryptocurrency market had a strong upward trend last week, driven by Bitcoin’s [BTC] continued rally to new all-time highs.

This momentum influenced other assets, with notable gains in coins like Neiro [NEIRO], Cardano [ADA], and Cronos [CRO].

However, a few tokens, including Popcat [POPCAT], bucked the trend and ended the week with losses.

Biggest Gainers

Neiro [NEIRO] had an eventful week, starting with a 5% dip, trading around $0.0013.

After further declines on the 4th of November, NEIRO saw a massive recovery midweek, surging nearly 55% to reach approximately $0.002.

It continued this upward trend, ending the week at $0.0025 with an additional 15% increase.

According to CoinGecko, NEIRO was the week’s top performer, posting an impressive 107% gain.

The token’s market cap now stands at about $1.2 billion, a 22% increase in the last 24 hours, with trading volume reaching $867 million, a 38% rise.

Cardano [ADA] emerged as the second-biggest gainer this week. ADA began with a minor dip, dropping over 4% to around $0.33.

However, it quickly reversed course, rallying from the $0.366 level—where it found support at the 50-day moving average—to break through the $0.50 mark.

Source: TradingView

ADA recorded a weekly gain of over 69%, as reported by CoinGecko. Trading around $0.587 at press time, ADA saw an 18.35% increase in the past day alone.

The 50-day moving average crossed above the 200-day moving average, indicating bullish momentum. Also, the RSI at 84.88 suggests ADA might be overbought, signaling a potential pullback.

If the uptrend continues, ADA could aim for resistance around $0.60, with support likely at $0.50 in case of a correction.

ADA’s market cap stood at approximately $20.44 billion at press time, with a trading volume of $2.4 billion, up by 128% over the past 24-hour sentiment in the market.

The altcoin’s ADA’s market capitalization was around $20.44 billion, with an over 33% increase in the last 24 hours. Its volume is over $2.4 billion, with an over 128% increase in the last 24 hours.

Cronos [CRO] had the third-highest gain of the week, according to CoinGecko. After a relatively quiet start, CRO saw significant midweek gains, rising from about $0.017 to nearly $0.10 by week’s end.

Trading at over $0.10 at press time, CRO posted a 14% daily increase.

Market cap and trading volume have also risen in the last 24 hours, with CRO’s market cap reaching $3.2 billion (up 11%) and volume climbing to $173 million, an increase of 39%.

Top 1000 Gainers

In the broader market, Zerebro [ZEREBRO] led the pack with a 1,137% weekly increase. Fartcoin [FARTCOIN] followed with a 360% gain, and Bong Cat [BONGO] posted a 357% gain, rounding out the top three.

Biggest Losers

Despite the market’s overall bullishness, a few assets recorded losses, albeit minor, within the top 100 tokens. The most notable among them were Popcat [POPCAT] and Mog Coin [MOG].

Popcat [POPCAT] saw a slight downtrend, making it one of the few weekly losers. POPCAT began the week around $1.3 and dipped to $1.2 the next day.

After a midweek surge to about $1.60, the price declined again, finishing the week around $1.4. At press time, POPCAT had rebounded slightly, trading at $1.4590, up 2.93%.

Source: TradingView

The RSI indicator sat at 51.71, indicating a neutral trend and potential consolidation before any directional break.

If bearish sentiment continues, POPCAT might retest its $1.30 support, while a bullish move could see it retesting the $1.60 resistance.

Mog Coin

News source:ambcrypto.com

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