Crypto News: Weekly Recap of Gainers, Losers, and Trending Tokens

Key Insights

• This week, Bitcoin, PENGU, and Monad were the top three trending coins. Bittensor and Hyperliquid also made this list.
• RaveDAO, SIREN, Zcash, Centrifuge, and Monad led the list of weekly top gainers in the crypto market.
• The list of YTD worst performers among the top 100 coins was led by Cardano, Stellar Lumens, Hedera, Algorand, and VeChain, respectively.

The week has had mixed reactions from different coins, but the overall trend has been bullish. Bitcoin (BTC) reclaimed the $70,000 level as Ethereum (ETH) surged to nearly $2,300, though the momentum has cooled. Most of the weekdays have closed green, with memecoins, AI and real-world assets (RWAs) gaining the most.

The Fear & Greed Index rose to a neutral level with a reading of 48, indicating rising optimism. Meanwhile, the Altcoin Season Index jumped to 35, suggesting altcoins were starting to outperform Bitcoin.

The individual performance of Bitcoin and altcoins in terms of gaining, losing, and social sentiment was noteworthy due to the mixed reactions.

Crypto News: Top Trending Tokens This Week by Social Sentiment

Amid the de-escalation talks for the ongoing Israel-Iran war, the crypto markets rebounded with Bitcoin leading by social dominance. It was closely followed by Pudgy Penguins (PENGU) and Monad (MON), both in the categories of memecoins and Layer 1 (L1) categories.

During this period, the market cap of BTC grew from around $1.2 trillion to $1.458 trillion, almost a 10% increase in a week. However, both parties’ defiance in easing attacks backfired on the social sentiment. Despite that, most utility-driven cryptos remained in the green, notably in the RWA, privacy, and AI sectors.

Other trending tokens included Bittensor (TAO), which experienced a negative price impact due to its team’s fallout with Covenant AI. TAO was followed by Hyperliquid (HYPE), Zcash (ZEC), Solana (SOL), Ethereum, and Aave Protocol. They completed the list of the top ten most trendy tokens based on mentions and engagements.

World Liberty Financial (WLFI) also made headlines after its price crashed following the decision to use 5 billion WLFI as collateral for $75 million in stablecoins.

Top Weekly Crypto Gainers

RaveDAO (RAVE) topped the list of top gainers among the top 200 coins by market cap, achieving a remarkable 336% increase in a week. The market capitalization of the altcoin, which was in the AI sector, jumped past $266 million, with its price surpassing $1.

RAVE was followed by SIREN, an AI memecoin built for analysis, gaining 296%. The memecoin had lost most of its cap after crashing more than 80%. Other top gainers recorded returns of less than 100%. Those are ZEC, Centrifuge (CFG), Monad, and Dash, with 68%, 57%, 36%, and 32%, respectively.

Other notable gainers of the week were Ethereum and Hyperliquid, which recorded gains of 9% and 17%, respectively, and ranked among the top 10 by cap. The gains demonstrated a consistent strength across various sectors.

Overall, the total crypto market cap grew to $2.46 trillion this week despite there being some losers.

Crypto Market’s Year-to-date Worst Performers

While there were weekly losers, their changes were not significant. Hence, the need to analyze the worst performers since the start of the year. Cardano (ADA) topped the list of the top 100 coins, experiencing a 52% drawdown on the Year-to-date (YTD) scale. The altcoin was followed by Stellar Lumens (XLM), which declined 48.7% and had dropped by about 6% this week.

Other altcoins that were weak this year included Hedera (HBAR), Algorand (ALGO), VeChain (VET), and XDC Network, which recorded declines of 46%, 44.8%, 44.2%, and 43.2%, respectively.

Altogether, the data showed the crypto markets were bouncing, though some established coins failed to catch up. The results indicated synchronization across the whole sector was not as strong, though the small weekly drawdowns suggested these coins were catching up.

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