- The biggest gainers this week were Pepe, Floki, and Shiba Inu.
- Kaspa, Bitcoin Cash, and Bitget Token were the biggest losers this week.
Memecoin once again proved its profitability with another week of significant gains.
However, while Bitcoin [BTC] Although it continued to hit new all-time highs, its fork was unable to replicate the same success.
Additionally, Bitget Token struggled to recover from last week's losses, with Kaspa emerging as the notable loser.
the biggest winner
pepe
pepe [PEPE] According to CoinMarketCap, it is the king of meme coins and has emerged as the top gainer of the week. This asset has gained an impressive almost 123% over the past 7 days.
A closer look at the price trend reveals a strong start to the week, jumping 35.39%. The second significant increase occurred on March 8th, when he boasted an increase of 32.31%.
Although there were some days of declines, these setbacks could not overshadow the week's overall gains.
Source: Trading View
At the time of writing, Pepe is trading up about 2.6%, recovering from a 2.7% decline over the previous weekend.
Additionally, PEPE’s market cap at the beginning of the week was around $3.2 billion, according to CoinMarketCap data. However, by the end of the week, the market capitalization had soared to more than $3.7 billion.
Floki Inu
According to CoinMarketCap, Floki Inu has emerged as the second biggest winner of the week with an increase of over 80%.
AMBCrypto’s analysis of FLOKI price trends shows that this week started with a rally on March 3rd, trading at around $0.00014.
Despite continuing to decline over the next few days, a significant breakthrough occurred on March 8th, when the price soared 66.35% to around $0.0002.
This surge is particularly noteworthy because it is the first time in its history that it has experienced such a significant increase.
At the time of writing, Floki Inu was down less than 1% and had a market cap of almost $2.3 billion.
Shiba Inu
Shiba Inu [SHIB] CoinMarketCap reports that it gained 62.50%, securing the third place as the week's biggest gainer.
AMBCrypto's analysis of SHIB reveals that it has the highest market capitalization of any major meme coin this week, at over $20.6 billion at the time of writing.
Price analysis shows that the price of Shiba Inu increased on only two out of seven days of the week.
However, these gains were so large that they overshadowed the losses. In particular, SHIB soared 59.67% on March 4th, and also recorded an increase of over 11% on March 8th.
the biggest loser
Caspa
Caspa [KAS] As reported by CoinMarketCap, it suffered the most significant loss in the past week, dropping by 10.45%. According to price analysis, the week started at around $0.15.
It fell for most of the week, falling to $0.14. By the end of this week, the price had settled at around $0.14.
The attached chart shows that volume increased throughout the week, starting at around $63 million and rising to over $100 million.
Despite the increase in volume, the decline in prices suggests that sellers are primarily influencing the market. At the time of writing, the volume was around $88 million and the price was around $0.15.
bitcoin cash
While Bitcoin has enjoyed a bullish trend in recent weeks, Bitcoin Cash has [BCH] It only shares the name with BTC, not the trend.
According to CoinMarketCap, Bitcoin Cash fell 9.41%, posting its second-biggest loss of the week.
According to AMBCrypto’s price trend analysis, the week started with a price decline of more than 6%, with BCH trading at around $471.
Source: Trading View
An even bigger drop occurred on March 5th, when the stock fell by more than 15%, dropping the price to around $401.
Although there was an attempt to recover the following day, the weekend decline kept the price at around $433.
As of this writing, its market cap is $8.6 billion, with 24-hour volume of over $523 million.
bitget token
bitget token [BGB] It appears for the second time among this week's major losers, according to CoinMarketCap data.
BGB has fallen about 8% over the past week, making it the third biggest loser.
AMBCrypto’s price trend analysis shows that it started the week at around $0.92 and saw mixed trends throughout the week. However, by the end of the week, it had fallen to around $0.8.
Moreover, at the time of this writing, its market capitalization was approximately $1.2 billion, with 24-hour trading volume of $35 million.
conclusion
Here's a weekly summary of the biggest gainers and losers. It is important to keep in mind the volatile nature of the market, where prices can change rapidly.
Therefore, it is best to do your own research (DYOR) before making any investment decisions.
