This Week's Crypto Market Saw Rollbit Coin and Apecoin Lead the Gainers, While Sun Token and Astar Were the Biggest Losers

The total market capitalization of the cryptocurrency market currently stands at $1.96 trillion, reflecting a 1.53% increase from the previous week.

This week brought notable movements in the cryptocurrency market. Some assets experienced significant gains while others faced steep declines. Here are the top gainers and losers for the week, according to CoinGecko.

Top Gainers

Rollbit Coin (RLB) emerged as the top performer this week, posting a robust gain of 39.31% over the past seven days. The coin, which currently ranks 684th by market capitalization, experienced a surge in interest following the launch of its mainnet beta.

Closely following RLB, apecoin (APE) also experienced substantial growth, climbing by 27.86%. The native token of the Bored Ape Yacht Club showed strength amid the launch of its highly anticipated Web3 game, Dookey Dash.

Other notable gainers for the week include binaryx (BNX), which rose by 25.11%, and sui crypto (SUI), which increased by 17.38%. The popular altcoins quant (QNT) and starknet (STRK) saw gains of 16.48% and 12.97%, respectively. Aave (AAVE), 1inch Network Token (1INCH), bitcoinsv (BSV), and uniswap (UNI) also featured on the list of top gainers with respectable weekly increases.

Top Losers

On the other side of the spectrum, sun token (SUN) faced the sharpest decline this week, falling by 20.19%. The TRX-based token, which soared to all-time highs earlier this year, saw a downturn amid the broader market shifts.

Astar (ASTR) was the second-biggest loser, with a drop of 11.18%. The Web3 protocol token, which experienced a strong rally in recent weeks, faced a pullback following the latest market movements.

Layerzero (ZRO) and arcblock (ABT) also saw significant losses, declining by 9.98% and 9.32%, respectively.

Interestingly, ether (ETH), one of the leading cryptocurrencies, was among the top losers, decreasing by 8.92% over the past week. This decline illustrates the volatility present even among more established cryptocurrencies.

Overall, the crypto market continues to display its characteristic volatility, with both lesser-known and established cryptocurrencies making significant shifts in either direction. It’s worth noting that the top gainers list predominantly comprises decentralized finance protocols.