- Pepe, Floki and Shiba Inu had the biggest gains this week.
- Kaspa, Bitcoin Cash, and Bitget Token were the biggest losers during the week.
Once again, memes proved their profitability by posting significant gains for another week.
However, while Bitcoin [BTC] As it continued to reach all-time highs, its fork failed to replicate the same success.
Additionally, Bitget Token struggled to recover from the previous week's losses, and Kaspa emerged as a notable loser.
Biggest winners
baby
baby [PEPE] It emerged as the king of meme cryptocurrencies and this week's biggest winner, according to CoinMarketCap. The asset has shown notable gains of around 123% over the past seven days.
A closer look at the price trend showed a strong start to the week with a rise of 35.39%. The second big spike occurred on March 8, when it achieved a 32.31% increase.
Despite facing declines on some days, these setbacks were not able to overshadow the overall gains for the week.
Source: Trading Offer
At the time of this writing, Baby is trading approximately 2.6% higher, rebounding from a 2.7% decline at the end of the previous week.
Furthermore, CoinMarketCap data showed that at the beginning of the week, PEPE's market cap was around $3.2 billion. However, by the end of the week, the market capitalization had risen to more than $3.7 billion.
Floki Eno
Floki Inu emerged as the second-biggest winner of the week, with a gain of more than 80%, according to CoinMarketCap.
AMBCrypto's analysis of FLOKI's price trend showed that the week started with gains on March 3rd, trading at around $0.00014.
Despite simultaneous declines in the following days, a major breakout occurred on March 8th when its price rose by 66.35% to reach around $0.0002.
This increase was particularly notable because it was the first time in its history that it had witnessed such a large increase.
At the time of this writing, Floki Inu is trading down less than 1%, and its market cap is approximately $2.3 billion.
Shiba Inu
Shiba Inu [SHIB] It took third place as the most significant gainer of the week, with gains of 62.50%, as reported by CoinMarketCap.
AMBCrypto's analysis of SHIB revealed that among the leading memecoins of the week, it had the highest market capitalization, exceeding $20.6 billion at the time of writing.
Price analysis indicates that the Shiba Inu made gains on only two out of seven days of the week.
However, these gains were so large that they overshadowed any losses. Notably, on March 4, SHIB stock rose by 59.67%, and it also saw an increase of more than 11% on March 8.
Biggest losers
when
when [KAS] It saw its biggest loss last week, with a 10.45% decline, according to CoinMarketCap. Price analysis showed that the week started at around $0.15.
For the majority of the week, its value fell to $0.14. By the end of the week, the price stabilized at around $0.14.
The accompanying chart showed an increase in trading volume over the week, starting at around $63 million and rising to more than $100 million.
Despite the increase in volume, the decline in prices indicates that sellers have mostly influenced the market. At the time of writing, trading volume was around $88 million, and the price was around $0.15.
Bitcoin Cash
Bitcoin has enjoyed an upward trend in recent weeks, but Bitcoin Cash [BCH] It only shares the name with BTC and not the trend.
According to CoinMarketCap, Bitcoin Cash saw the second largest loss of the week, down 9.41%.
AMBCrypto's analysis of the price trend showed that the week started with a price decline of more than 6%, with Bitcoin Cash trading at around $471.
Source: Trading Offer
An even bigger decline occurred on March 5th, when it fell by more than 15%, bringing its price down to around $401.
Although there were attempts to recover in the following days, losses at the end of the week kept its price at around $433.
At the time of writing, its market capitalization is $8.6 billion, with a 24-hour trading volume of over $523 million.
Bitget icon
Bitget icon [BGB] It reappeared among this week's major losers for the second time, according to CoinMarketCap data.
BGB saw a decline of nearly 8% in the past week, placing it as the third-biggest loser.
AMBCrypto's analysis of the price trend showed that the week started at around $0.92, and showed mixed trends throughout the week. However, by the end of the week, it had dropped to around $0.8.
Additionally, at the time of writing, its market capitalization is approximately $1.2 billion, with a 24-hour trading volume of $35 million.
Conclusion
Here's the weekly summary of the biggest gainers and losers. It is important to take into account the volatile nature of the market, as prices can change quickly.
Therefore, it is best to do your own research (DYOR) before making any investment decisions.
