Toncoin, Render, and Akash Network Lead the Way in Weekly Gains
Toncoin, Render, and Akash Network emerged as the top gainers in the cryptocurrency market over the past week, while Core, Bonk, and Pendle faced significant losses.
Toncoin [TON]
During the past week, Toncoin [TON] demonstrated a steady climb in its price, starting at approximately $5.9 on May 5th and reaching around $6.8 by May 11th. CoinMarketCap reported a 24.35% increase over the past seven days, making it the top gainer for the week. Toncoin briefly surpassed $7 before settling around $6.8 at the end of the week. Currently, TON is trading at around $6.9, with a market capitalization exceeding $24 billion. However, the trading volume has decreased by over 60% and is currently around $267.5 million.
Render [RNDR]
Render [RNDR] exhibited a strong performance throughout the past week. According to AMBCrypto’s analysis of the price movement, RNDR started the week with a 10.28% surge, elevating its price from approximately $8.9 to $9.8. On May 9th, it experienced another significant increase of over 9%, reaching around $10.85. Despite some declines during the week, its overall uptrends compensated for any losses. RNDR closed the week at around $10.9. CoinMarketCap data confirms a notable 20.80% increase in the week for RNDR, placing it as the second-highest gainer. Its trading volume has decreased by over 50%, currently at around $210.5 million. The market capitalization stands at around $4.2 billion.
Akash Network [AKT]
Akash Network [AKT] emerged as the third-largest gainer, boasting an impressive 18.33% increase. It started the week trading at approximately $5, experienced some downturns, and concluded the week at around $5.7. At present, AKT is trading within the $5.7 range. The market capitalization is around $1.3 billion, and the trading volume has also decreased by over 50% to approximately $122.3 million.
Core, Bonk, and Pendle See Significant Losses
Core [CORE]
Core [CORE] experienced a substantial decline of 14.62% over the past week. Starting the week at approximately $1.9, the token faced a steady decline. By the week’s end, its price had plummeted to around $1.5. However, there are signs of a potential uptrend at the current time, with the token attempting to recover and trading at around $1.7. The market capitalization stands at around $1.5 billion, and the trading volume has decreased by almost 5% to approximately $66.7 million.
Bonk [BONK]
Bonk, once considered a high-flying memecoin, witnessed negative performance in the past week. The price trend analysis revealed a declining pattern resembling a staircase. The week began with a decline of over 4%, with BONK trading at around $0.000026. Subsequently, it witnessed three consecutive days of declines. By the end of the week, its price had dropped to around $0.000022, marking it as the second-largest loser of the week with a decline of 14.44%. Bonk’s market capitalization stands at around $1.45 billion, with a trading volume of approximately $103.5 million, indicating reduced market activity.
Pendle [PENDLE]
Pendle [PENDLE] experienced a downturn during the past week, emerging as the third-biggest loser. The price trend analysis reveals a decline from approximately $5.0 to around $4.3 by the week’s end. The market capitalization decreased by over 3% to approximately $1 billion, and the trading volume witnessed a nearly 50% decline within the same period, reaching around $25.7 million.
Note: Cryptocurrency prices are highly volatile, and market conditions can change rapidly. It is essential to conduct your own research (DYOR) and exercise caution before making any investment decisions.
