The Weekly Winners and Losers of the Crypto Market – NOT, MANTRA, FTM, PENDLE

MANTRA, MultiversX and Notcoin were the biggest winners last week.
ORDI, Pendle and Fantom closed last week as the biggest losers.

Mantra has dominated the gainers chart over the past week, leading the market with solid performances. Pendle, on the other hand, has struggled and is now on the losers chart for the second week in a row.

Biggest winners

Mantra (OM)

In a week marked by general declines in the cryptocurrency market, MANTRA (OM) stood out with a notable gain.

According to CoinMarketCap, OM rose 25.05% over the past week, securing its position as the biggest gainer. The price movement analysis revealed that OM started the week at around $0.7 and gained momentum as the week progressed.

Despite some dips that temporarily brought the price below its starting point for the week, it ended the week trading above $0.8.

As the new week began, OM continued its upward trajectory, trading around $0.9. Its market cap has also increased significantly, currently over $765 million, marking an 8% increase in the past 24 hours.

However, trading volume has dropped by over 20% and now stands at around 32.3 million.

MultiversX (EGLD)

MultiversX (EGLD) ended the week as the second-biggest gainer on the market. Data from CoinMarketCap showed a 20.66% increase at the end of the week.

The price trend analysis revealed that EGLD started the week trading at around $28.8 and closed around $35 despite some fluctuations. Overall, the asset showed more uptrends than downtrends throughout the week.

EGLD’s price movements were marked by sharp spikes, a notable feature of the weekly trading pattern. At the time of writing, it was trading around $34.1.

EGLD’s market cap has risen to over $927 million, up 2% in the last 24 hours. However, it is important to note that there has been a significant reduction in trading volume, which has dropped by almost 50%, now at almost $34 million.

Notcoin (NOT)

Notcoin (NOT) showed a significant shift on the weekly riser chart, where it followed MultiversX as the next cryptocurrency in line, but initially with single-digit gains.

Analysis of NOT’s price chart revealed that it started the week with a gain of almost 6%, trading around $0.014. However, it faced a series of declines in subsequent trading sessions, culminating in a drop of over 9% on July 5. At the end of that trading session, the price was around $0.010.

Despite these setbacks, a major rally towards the end of the week resulted in a dramatic turnaround. NOT’s price rose by 28.61%, putting it back on the winners’ chart and closing the week at around $0.013.

Source: TradingView

At the time of writing, NOT was trading around $0.014, marking an additional increase of over 15%. This rebound has been accompanied by a significant surge in trading activity, with volume increasing by over 150% over the past 24 hours to over 877 million.

Additionally, its market cap has increased by over 44%, to over $1.5 billion, making it the only asset among the top three gainers with a market cap in the $1 billion range.

Biggest losers

ORDI (ORDI)

According to CoinMarketCap, ORDI (ORDI) has seen a significant drop last week and is topping the losers list with a drop of 23.26%.

The data revealed that ORDI started the week trading around $38, but steadily declined from there. The most dramatic drop occurred around July 5, when the price plummeted from around $32 to around $27.

Despite a slight recovery later in the week, ORDI closed around $30.7, which wasn’t enough to take it off the losers’ list. At the time of writing, it remained trading within the $30 range.

The market cap of ORDI has increased slightly by more than 4% to over $630 million. This indicates that there is still some buying interest despite the recent price declines.

However, trading volume has fallen significantly, by over 28% to around $124.3 million.

Pendulum (PENDLE)

Pendle (PENDLE) continues to struggle in the market, marking its second consecutive week of significant losses. With a drop of 22.45%, it was the second biggest loser of the week.

Data shows that PENDLE started the week around $5 and initially attempted to stage a small increase.

However, the price soon fell and continued to fall throughout the week, closing at around $4.

As the new week begins, the price of PENDLE has dropped to around $3.8.

Despite this continued price decline, there has been a somewhat unexpected development in the market valuation; the market cap has increased slightly and now stands at over $592 million. This is an increase of over 1% in the last 24 hours.

PENDLE trading volume is around $65 million, down almost 10%.

Fantom (FTM)

Analysis of Fantom (FTM) on a daily timeframe indicated that it started positively in the past week. It was trading around $0.58, with an increase of 8.80%.

However, on July 3 and 4, the asset faced significant setbacks, with drops of 14.71% and 11.53% respectively, bringing the price down to around $0.44.

Towards the end of the week, FTM managed to stage a modest recovery with a 6.41% increase, bringing its price to around $0.45. However, more was needed to recover the earlier losses.