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Cryptocurrency News Articles
Peanut the Squirrel [PNUT] Rallies by Over 1,000%, Leading the Crypto Market Weekly Gainers
Nov 18, 2024 at 03:00 am
The week before now, the crypto market saw so much uptrend that there was almost no loser in the market. There are now more losers this week, but Peanut the Squirrel [PNUT] had an over 1,000% gain.
The cryptocurrency market experienced a downturn last week, with a majority of the top 1,000 tokens posting losses. However, some managed to stay afloat and even secure impressive gains.
Here’s a closer look at the biggest gainers and losers.
Biggest gainers
Peanut the Squirrel [PNUT] stole the show with an astronomical 1,400% gain, making it the clear winner among the top 1,000 tokens.
The token, which launched at a modest price below $0.09, quickly gained traction, surging to an all-time high of over $2.00 within days.
But it ended the week trading at approximately $1.59, following a 5.23% dip in the past 24 hours.
Despite this slight setback, PNUT’s remarkable overall performance earned it the top spot on the gainers’ list.
Mantra [OM] also had a strong showing, notching up a 133% gain.
The token, which began the week consolidating around $1.50 on the 10th of November, just above its 50-day moving average of $1.49, surged past $2.50 by week’s end.
At press time, OM was trading at $3.32, up 29.35% in the past 24 hours.
Its market capitalization had risen by almost 47% to over $2.8 billion, while trading volume decreased slightly by 7%, settling at $575 million.
The token’s strong momentum suggested continued investor interest, despite the slight dip in trading activity.
Bonk [BONK] started the week at $0.00002544 and quickly gained upward momentum, breaking past critical resistance levels.
By week’s end, BONK had peaked near $0.00004743, securing its position as the third-largest gainer with a 123% increase.
As of press time, BONK was trading at $0.00005139, up almost 8%. Its RSI remained in overbought territory, sitting at 85.4.
BONK’s market capitalization rose by 28% to approximately $3.4 billion, while its trading volume increased by 43%, reaching $2.4 billion. These metrics reflected strong market interest.
Top 1,000 gainers
Among the broader market, First Convicted Racoon [FRED] led the top 1,000 gainers, with a staggering 3,120% increase.
It was followed by Act I The AI Prophecy [ACT] with a 2,771% gain, and Dasha [VVAIFU] with a 2,623% increase.
Biggest losers
Helium [HNT] struggled to maintain its momentum, starting the week at $6.66. After consecutive declines, the token settled within a tight range of $5.80 to $6.00, reflecting subdued market activity.
Despite a slight recovery attempt, Helium closed the week at $6.13, marking a 13% decline, making it the week’s biggest loser.
HNT’s market capitalization was approximately $1 billion at the time of writing, with a trading volume of $15 million. While the MACD showed potential for a bullish crossover, the RSI at 47 indicated neutral momentum.
HNT must reclaim the $6.57 resistance level, represented by the 200-day moving average, to regain its footing.
Artificial Super Intelligence Alliance [FET] began the week at $1.44, reaching a high of $1.58 before retreating to $1.30 by the week’s end.
Despite a 3% rally during the week, FET ultimately recorded a 12.6% decline, securing its position as the second-biggest loser.
This decline reflected the challenges faced by FET amidst broader market fluctuations, as investors balanced optimism with caution.
Lido DAO [LDO] saw a weekly decline of 12.5%. LDO started the week at $1.28, saw a modest increase, and ended the week at $1.21. Although was at $1.10 at press time, LDO remains a closely watched asset.
LDO’s market capitalization has dropped slightly to approximately $1 billion, while its trading volume has increased by 26% to $176 million.
This divergence between price and volume indicates heightened trading activity despite the declining price.
Top 1,000 losers
Among the top 1,
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