Mantra Dominates Gainers Chart, ORDI Leads Losers as Market Trends Shift

Mantra (OM) stood out with a notable gain of 25.05% over the past week, securing its position as the top gainer. ORDI (ORDI) experienced a significant downturn, leading the losers' chart with a 23.26% decline.

After a week of mostly downbeat price movements in the cryptocurrency market, several assets managed to defy the trend and post noteworthy gains. Among them, MANTRA (OM) led the gainers with a 25.05% increase, while ORDI (ORDI) topped the losers with a 23.26% decline.

Biggest Gainers

Mantra (OM)

In a week where the broader cryptocurrency market faced declines, MANTRA (OM) stood out with a substantial gain. Data from CoinMarketCap showed that OM surged by 25.05% over the past seven days, securing its position as the top gainer.

An analysis of its price movements revealed that OM started the week around $0.7 and gained momentum as the days progressed. Despite experiencing some dips that momentarily drove its price below the week’s starting point, it closed the week trading above $0.8.

As the new week began, OM continued its upward trajectory, trading at around $0.9. Its market capitalization also increased significantly, currently over $765 million, marking an 8% rise in the last 24 hours. However, trading volume decreased by over 20%, now at approximately 32.3 million.

MultiversX (EGLD)

Finishing the week as the second-largest gainer in the market was MultiversX (EGLD), with data from CoinMarketCap indicating a 20.66% increase by the week’s end.

An analysis of its price trend revealed that EGLD started the week trading at approximately $28.8 and closed near $35 despite experiencing some fluctuations. Overall, the asset displayed more uptrends than downtrends throughout the week.

EGLD’s price movements were characterized by sharp spikes, a notable feature of its weekly trading pattern. As of this writing, it was trading at around $34.1.

The market capitalization of EGLD has risen to over $927 million, with a 2% increase in the last 24 hours. However, it's important to note a significant reduction in trading volume, which has declined by almost 50%, now at nearly $34 million.

Notcoin (NOT)

In a significant shift on the weekly gainers’ chart, Notcoin (NOT) followed MultiversX as the next cryptocurrency in line but with single-digit gains initially.

An analysis of NOT’s price chart revealed that it started the week with a nearly 6% gain, trading at around $0.014. However, it faced a series of declines in subsequent trading sessions, culminating in a more than 9% drop by 5th July. At the end of that trading session, its price was about $0.010.

Despite these setbacks, a major rally towards the end of the week reversed its fortunes dramatically. NOT’s price surged by 28.61%, pushing it back into the winners’ chart and closing the week at around $0.013.

Source: TradingView

As of this writing, NOT was trading at around $0.014, marking an additional increase of over 15%. This rebound is accompanied by a significant uptick in trading activity, with its volume increasing by more than 150% in the last 24 hours to over 877 million.

Furthermore, its market cap has surged by over 44%, reaching over $1.5 billion. This made it the only asset among the top three gainers with a market cap in the $1 billion range.

Biggest Losers

ORDI (ORDI)

Experiencing a significant downturn last week was ORDI (ORDI), leading the losers’ chart with a 23.26% decline, according to CoinMarketCap.

The data revealed that ORDI began the week trading around $38 but consistently trended downward from that point. The most dramatic drop occurred around 5th July, when its price plummeted from approximately $32 to about $27.

Despite a slight recovery later in the week, ORDI closed at around $30.7, which was insufficient to remove it from the losers’ list. As of this writing, it continued to trade within the $30 range.

The market cap of ORDI has risen slightly by over 4% to more than $630 million, suggesting some level of buying interest despite the recent price drops.

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

Pendle (PENDLE)

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

The data indicates

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